Acorah Software Products - Accounts Production 16.0.110 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 06962918 Mr Kevin Purser Mrs Vivienne Purser Mr Kevin Purser true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06962918 2023-07-31 06962918 2024-07-31 06962918 2023-08-01 2024-07-31 06962918 frs-core:CurrentFinancialInstruments 2024-07-31 06962918 frs-core:Non-currentFinancialInstruments 2024-07-31 06962918 frs-core:ComputerEquipment 2024-07-31 06962918 frs-core:ComputerEquipment 2023-08-01 2024-07-31 06962918 frs-core:ComputerEquipment 2023-07-31 06962918 frs-core:FurnitureFittings 2024-07-31 06962918 frs-core:FurnitureFittings 2023-08-01 2024-07-31 06962918 frs-core:FurnitureFittings 2023-07-31 06962918 frs-core:NetGoodwill 2024-07-31 06962918 frs-core:NetGoodwill 2023-08-01 2024-07-31 06962918 frs-core:NetGoodwill 2023-07-31 06962918 frs-core:MotorVehicles 2024-07-31 06962918 frs-core:MotorVehicles 2023-08-01 2024-07-31 06962918 frs-core:MotorVehicles 2023-07-31 06962918 frs-core:PlantMachinery 2024-07-31 06962918 frs-core:PlantMachinery 2023-08-01 2024-07-31 06962918 frs-core:PlantMachinery 2023-07-31 06962918 frs-core:ShareCapital 2024-07-31 06962918 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 06962918 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06962918 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 06962918 frs-bus:SmallEntities 2023-08-01 2024-07-31 06962918 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 06962918 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 06962918 1 2023-08-01 2024-07-31 06962918 frs-bus:Director1 2023-08-01 2024-07-31 06962918 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 06962918 frs-countries:EnglandWales 2023-08-01 2024-07-31 06962918 2022-07-31 06962918 2023-07-31 06962918 2022-08-01 2023-07-31 06962918 frs-core:CurrentFinancialInstruments 2023-07-31 06962918 frs-core:Non-currentFinancialInstruments 2023-07-31 06962918 frs-core:ShareCapital 2023-07-31 06962918 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 06962918
Aerialect Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
LPTA Limited
Chartered Certified Accountants
Priory Road
Priory Place
Tiptree
Essex
CO5 0QE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06962918
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,532 3,165
2,532 3,165
CURRENT ASSETS
Stocks 6 1,016 1,370
Debtors 7 542 6,042
Cash at bank and in hand 811 1
2,369 7,413
Creditors: Amounts Falling Due Within One Year 8 (4,788 ) (6,464 )
NET CURRENT ASSETS (LIABILITIES) (2,419 ) 949
TOTAL ASSETS LESS CURRENT LIABILITIES 113 4,114
Creditors: Amounts Falling Due After More Than One Year 9 (1,334 ) (2,933 )
NET (LIABILITIES)/ASSETS (1,221 ) 1,181
CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Profit and Loss Account (2,221 ) 181
SHAREHOLDERS' FUNDS (1,221) 1,181
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For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Kevin Purser
Director
14th February 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Aerialect Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06962918 . The registered office is 8 Reigate Avenue, Clacton On Sea, Essex, CO16 8FB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
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2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 10,294
As at 31 July 2024 10,294
Amortisation
As at 1 August 2023 10,294
As at 31 July 2024 10,294
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2023 291 5,100 1,148 1,993 8,532
As at 31 July 2024 291 5,100 1,148 1,993 8,532
Depreciation
As at 1 August 2023 172 3,429 772 994 5,367
Provided during the period 24 334 75 200 633
As at 31 July 2024 196 3,763 847 1,194 6,000
Net Book Value
As at 31 July 2024 95 1,337 301 799 2,532
As at 1 August 2023 119 1,671 376 999 3,165
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6. Stocks
2024 2023
£ £
Stock 1,016 1,370
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 512 -
Prepayments and accrued income 30 38
VAT - 818
Director's loan account - 5,186
542 6,042
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,764 3,838
Bank loans and overdrafts 2,764 1,869
Corporation tax - 757
VAT 132 -
Director's loan account 128 -
4,788 6,464
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bounce Back Loan +1yr 1,334 2,933
10. Deferred Taxation
The provision for deferred tax is made up as follows:
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
12. Ultimate Controlling Party
The company's ultimate controlling party is Mr Kevin Purser by virtue of his ownership of 100% of the issued share capital in the company.
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