Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 11338056 Mr David Jones Mr Steven Jarrett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11338056 2023-05-31 11338056 2024-05-31 11338056 2023-06-01 2024-05-31 11338056 frs-core:CurrentFinancialInstruments 2024-05-31 11338056 frs-core:Non-currentFinancialInstruments 2024-05-31 11338056 frs-core:ComputerEquipment 2024-05-31 11338056 frs-core:ComputerEquipment 2023-06-01 2024-05-31 11338056 frs-core:ComputerEquipment 2023-05-31 11338056 frs-core:FurnitureFittings 2024-05-31 11338056 frs-core:FurnitureFittings 2023-06-01 2024-05-31 11338056 frs-core:FurnitureFittings 2023-05-31 11338056 frs-core:ShareCapital 2024-05-31 11338056 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 11338056 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11338056 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 11338056 frs-bus:SmallEntities 2023-06-01 2024-05-31 11338056 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11338056 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11338056 frs-bus:Director1 2023-06-01 2024-05-31 11338056 frs-bus:Director2 2023-06-01 2024-05-31 11338056 frs-countries:EnglandWales 2023-06-01 2024-05-31 11338056 2022-05-31 11338056 2023-05-31 11338056 2022-06-01 2023-05-31 11338056 frs-core:CurrentFinancialInstruments 2023-05-31 11338056 frs-core:Non-currentFinancialInstruments 2023-05-31 11338056 frs-core:ShareCapital 2023-05-31 11338056 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 11338056
CAUSEWAY CONNECT LTD
Unaudited Financial Statements
For The Year Ended 31 May 2024
Llama Accounting Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11338056
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 398,655 161,788
398,655 161,788
CURRENT ASSETS
Debtors 5 801,489 619,819
Cash at bank and in hand 12,368 126,541
813,857 746,360
Creditors: Amounts Falling Due Within One Year 6 (532,933 ) (340,861 )
NET CURRENT ASSETS (LIABILITIES) 280,924 405,499
TOTAL ASSETS LESS CURRENT LIABILITIES 679,579 567,287
Creditors: Amounts Falling Due After More Than One Year 7 (241,506 ) (307,968 )
NET ASSETS 438,073 259,319
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 438,071 259,317
SHAREHOLDERS' FUNDS 438,073 259,319
Page 1
Page 2
For the year ending 31 May 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 David Jones
Director
28/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
CAUSEWAY CONNECT LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11338056 . The registered office is Ty Derw Lime Tree Court, Cardiff Gate Business Park, Cardiff, CF23 8AB.
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 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.
2.3. 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:
Fixtures & Fittings 25
Computer Equipment 25
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 95,419 85,343 180,762
Additions 250,000 - 250,000
As at 31 May 2024 345,419 85,343 430,762
Depreciation
As at 1 June 2023 5,642 13,332 18,974
Provided during the period 3,297 9,836 13,133
As at 31 May 2024 8,939 23,168 32,107
Net Book Value
As at 31 May 2024 336,480 62,175 398,655
As at 1 June 2023 89,777 72,011 161,788
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 678,735 619,819
Other debtors 114,656 -
Net wages 8,098 -
801,489 619,819
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 189,259 187,756
Bank loans and overdrafts 170,688 32,359
Corporation tax (8 ) (8 )
Other taxes and social security 1,253 2,834
VAT 145,249 87,428
Directors' loan accounts 26,492 30,492
532,933 340,861
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 241,506 307,968
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4