Acorah Software Products - Accounts Production 16.1.300 false true true 30 June 2023 21 June 2022 false 1 July 2023 30 June 2024 30 June 2024 14187013 Mr Christian Foyer Mr Okan Okurogullari Dr Taha Gunes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14187013 2023-06-30 14187013 2024-06-30 14187013 2023-07-01 2024-06-30 14187013 frs-core:CurrentFinancialInstruments 2024-06-30 14187013 frs-core:ComputerEquipment 2024-06-30 14187013 frs-core:ComputerEquipment 2023-07-01 2024-06-30 14187013 frs-core:ComputerEquipment 2023-06-30 14187013 frs-core:CapitalRedemptionReserve 2024-06-30 14187013 frs-core:ShareCapital 2024-06-30 14187013 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 14187013 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14187013 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 14187013 frs-bus:SmallEntities 2023-07-01 2024-06-30 14187013 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 14187013 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 14187013 frs-bus:OrdinaryShareClass1 2023-07-01 2024-06-30 14187013 frs-bus:OrdinaryShareClass1 2024-06-30 14187013 frs-bus:Director1 2023-07-01 2024-06-30 14187013 frs-bus:Director2 2023-07-01 2024-06-30 14187013 frs-bus:Director3 2023-07-01 2024-06-30 14187013 frs-countries:EnglandWales 2023-07-01 2024-06-30 14187013 2022-06-20 14187013 2023-06-30 14187013 2022-06-21 2023-06-30 14187013 frs-core:CurrentFinancialInstruments 2023-06-30 14187013 frs-core:CapitalRedemptionReserve 2023-06-30 14187013 frs-core:ShareCapital 2023-06-30 14187013 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 14187013 frs-bus:OrdinaryShareClass1 2022-06-21 2023-06-30
Registered number: 14187013
Asset Dynamics Group Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14187013
30 June 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,145 3,400
7,145 3,400
CURRENT ASSETS
Debtors 5 721 40
Cash at bank and in hand 4,528 12,626
5,249 12,666
Creditors: Amounts Falling Due Within One Year 6 (94,991 ) (41,969 )
NET CURRENT ASSETS (LIABILITIES) (89,742 ) (29,303 )
TOTAL ASSETS LESS CURRENT LIABILITIES (82,597 ) (25,903 )
NET LIABILITIES (82,597 ) (25,903 )
CAPITAL AND RESERVES
Called up share capital 7 9 9
Capital redemption reserve 4 -
Profit and Loss Account (82,610 ) (25,912 )
SHAREHOLDERS' FUNDS (82,597) (25,903)
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Christian Foyer
Director
12 March 2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Asset Dynamics Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14187013 . The registered office is Unit 1 York Farm Business Centre, York Farm Business Centre, Towcester, Northamptonshire, NN12 8EU.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
In preparing the financial statements in accordance with FRS 102, management is required to make judgements,estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets,liabilities, income, and expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.
2.4. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Computer Equipment 25% RB
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 1)
- 1
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 July 2023 4,062
Additions 5,679
As at 30 June 2024 9,741
Depreciation
As at 1 July 2023 662
Provided during the period 1,934
As at 30 June 2024 2,596
Net Book Value
As at 30 June 2024 7,145
As at 1 July 2023 3,400
5. Debtors
30 June 2024 30 June 2023
£ £
Due within one year
Other debtors 721 40
6. Creditors: Amounts Falling Due Within One Year
30 June 2024 30 June 2023
£ £
Trade creditors 207 105
Amounts owed to participating interests 89,897 38,065
Other creditors 856 807
Taxation and social security 4,031 2,992
94,991 41,969
7. Share Capital
30 June 2024 30 June 2023
Allotted, called up and fully paid £ £
900 Ordinary Shares of £ 0.01 each 9 9
During the year the company carried out the following in regard to its share structure:
Issued 450 ordinary shares to two new shareholders.
Bought back 450 shares from an existing shareholder.
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