Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 10348860 Mrs L Napier Mr B Napier iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10348860 2023-08-31 10348860 2024-08-31 10348860 2023-09-01 2024-08-31 10348860 frs-core:CurrentFinancialInstruments 2024-08-31 10348860 frs-core:Non-currentFinancialInstruments 2024-08-31 10348860 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-31 10348860 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 10348860 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-31 10348860 frs-core:PlantMachinery 2024-08-31 10348860 frs-core:PlantMachinery 2023-09-01 2024-08-31 10348860 frs-core:PlantMachinery 2023-08-31 10348860 frs-core:ShareCapital 2024-08-31 10348860 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10348860 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10348860 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10348860 frs-bus:SmallEntities 2023-09-01 2024-08-31 10348860 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10348860 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10348860 frs-bus:Director1 2023-09-01 2024-08-31 10348860 frs-bus:Director2 2023-09-01 2024-08-31 10348860 frs-countries:EnglandWales 2023-09-01 2024-08-31 10348860 2022-08-31 10348860 2023-08-31 10348860 2022-09-01 2023-08-31 10348860 frs-core:CurrentFinancialInstruments 2023-08-31 10348860 frs-core:Non-currentFinancialInstruments 2023-08-31 10348860 frs-core:ShareCapital 2023-08-31 10348860 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 10348860
Quick2issue Ltd
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10348860
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 42,952 54,135
42,952 54,135
CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 32,085 67,643
Cash at bank and in hand 44 42
37,129 72,685
Creditors: Amounts Falling Due Within One Year 6 (133,916 ) (140,380 )
NET CURRENT ASSETS (LIABILITIES) (96,787 ) (67,695 )
TOTAL ASSETS LESS CURRENT LIABILITIES (53,835 ) (13,560 )
Creditors: Amounts Falling Due After More Than One Year 7 (27,988 ) (31,944 )
NET LIABILITIES (81,823 ) (45,504 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (81,824 ) (45,505 )
SHAREHOLDERS' FUNDS (81,823) (45,504)
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For the year ending 31 August 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
Mrs L Napier
Director
19/03/2025
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
Quick2issue Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10348860 . The registered office is Unit 27, Boxted Farm, Berkhamsted Road, Hemel Hempstead, Hertfordshire, HP1 2SG.

The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The directors have considered going concern and in their opinion the going concern basis remains appropriate due to the continued support of the directors and major creditors.
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.
Turnover from the sale of goods is recognised at the point of sale. Turnover from the rendering of services is recognised on completion of the service or for longer projects, by reference to the stage of completion at the balance sheet date.
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:
Leasehold 10% on cost
Plant & Machinery 25% on cost
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual value of the assets. The useful economic lives and residual value are reassessed annually. They are amended when necessary to reflect current estimates, future investments and the physical condition of the assets.
2.4. 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.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year 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 is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
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.
2.6. Government Grant
Government grants are recognised in the profit and loss account in other operating income and in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 6)
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 September 2023 47,295 27,168 74,463
As at 31 August 2024 47,295 27,168 74,463
Depreciation
As at 1 September 2023 9,460 10,868 20,328
Provided during the period 4,730 6,453 11,183
As at 31 August 2024 14,190 17,321 31,511
Net Book Value
As at 31 August 2024 33,105 9,847 42,952
As at 1 September 2023 37,835 16,300 54,135
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 28,380 62,798
Other debtors 3,705 4,845
32,085 67,643
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 42,901 69,783
Bank loans and overdrafts 9,017 10,459
Other creditors 65,455 47,389
Taxation and social security 16,543 12,749
133,916 140,380
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 27,988 31,944
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Other Commitments
At 31 August 2024 the company has total commtiments under non-cancellable operating leases over the remaining life of those leases of £18,739 (2023 - £41,041).
10. Related Party Transactions
At 31 August 2024, the company owed £38,115 (2023- £34,904) to L Napier, a director.
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