Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08484852 Mr Stewart Ritchie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08484852 2023-03-31 08484852 2024-03-31 08484852 2023-04-01 2024-03-31 08484852 frs-core:CurrentFinancialInstruments 2024-03-31 08484852 frs-core:Non-currentFinancialInstruments 2024-03-31 08484852 frs-core:ComputerEquipment 2024-03-31 08484852 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08484852 frs-core:ComputerEquipment 2023-03-31 08484852 frs-core:PlantMachinery 2024-03-31 08484852 frs-core:PlantMachinery 2023-04-01 2024-03-31 08484852 frs-core:PlantMachinery 2023-03-31 08484852 frs-core:ShareCapital 2024-03-31 08484852 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08484852 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08484852 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08484852 frs-bus:SmallEntities 2023-04-01 2024-03-31 08484852 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08484852 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08484852 frs-bus:Director1 2023-04-01 2024-03-31 08484852 1 2023-04-01 2024-03-31 08484852 frs-countries:EnglandWales 2023-04-01 2024-03-31 08484852 2022-03-31 08484852 2023-03-31 08484852 2022-04-01 2023-03-31 08484852 frs-core:CurrentFinancialInstruments 2023-03-31 08484852 frs-core:Non-currentFinancialInstruments 2023-03-31 08484852 frs-core:ShareCapital 2023-03-31 08484852 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 08484852 1 2022-04-01 2023-03-31
Registered number: 08484852
Poweredbycoffee Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08484852
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,883 3,822
1,883 3,822
CURRENT ASSETS
Debtors 5 77,904 72,636
Cash at bank and in hand 28,063 22,616
105,967 95,252
Creditors: Amounts Falling Due Within One Year 6 (65,566 ) (23,854 )
NET CURRENT ASSETS (LIABILITIES) 40,401 71,398
TOTAL ASSETS LESS CURRENT LIABILITIES 42,284 75,220
Creditors: Amounts Falling Due After More Than One Year 7 (24,441 ) (35,302 )
NET ASSETS 17,843 39,918
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account 17,842 39,917
SHAREHOLDERS' FUNDS 17,843 39,918
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For the year ending 31 March 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 Stewart Ritchie
Director
17 March 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Poweredbycoffee Ltd is a private company, limited by shares, incorporated in England & Wales, the registered number is 08484852 . The registered office is 3rd Floor, 86 - 90 Paul Street, London, England, EC2A 4NE.
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 is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the provision of services and is recogonised at the point of invoice. If the provision of services spans the financial year end, it is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can be estimated reliably.
2.3. 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:
Plant and machinery 50% reducing balance
Computer equipment 25% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. 
Assets acquired under hire purchase contracts are depreciated over their useful lives.
Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. 
Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Financial Instruments
Debtors and creditors which are due wthin one year are recorded at transaction price, less any impairment. 
2.6. Foreign Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax 
Deferred tax has not been recognised as it is not material to the financial statements. The director will review this annually.
2.8. 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.
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3. Average Number of Employees
2024 2023
Average number of employees, including directors, during the year 5 7
5 7
4. Tangible Assets
Plant and machinery Computer equipment Total
£ £ £
Cost
As at 1 April 2023 1,549 14,838 16,387
As at 31 March 2024 1,549 14,838 16,387
Depreciation
As at 1 April 2023 1,547 11,018 12,565
Provided during the period 2 1,937 1,939
As at 31 March 2024 1,549 12,955 14,504
Net Book Value
As at 31 March 2024 - 1,883 1,883
As at 1 April 2023 2 3,820 3,822
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 77,394 29,383
Other debtors 510 43,253
77,904 72,636
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 448 2,672
Bank loans and overdrafts 6,808 5,991
Other creditors 19,203 9,000
Taxation and social security 39,107 6,191
65,566 23,854
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 24,441 35,302
Page 6