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 06708139 Mr Andrew Phillips Mr Iain Smith Mr James Golby iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06708139 2023-03-31 06708139 2024-03-31 06708139 2023-04-01 2024-03-31 06708139 frs-core:CurrentFinancialInstruments 2024-03-31 06708139 frs-core:Non-currentFinancialInstruments 2024-03-31 06708139 frs-core:ComputerEquipment 2024-03-31 06708139 frs-core:ComputerEquipment 2023-04-01 2024-03-31 06708139 frs-core:ComputerEquipment 2023-03-31 06708139 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 06708139 frs-core:NetGoodwill 2024-03-31 06708139 frs-core:NetGoodwill 2023-04-01 2024-03-31 06708139 frs-core:NetGoodwill 2023-03-31 06708139 frs-core:OtherResidualIntangibleAssets 2024-03-31 06708139 frs-core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 06708139 frs-core:OtherResidualIntangibleAssets 2023-03-31 06708139 frs-core:PlantMachinery 2024-03-31 06708139 frs-core:PlantMachinery 2023-04-01 2024-03-31 06708139 frs-core:PlantMachinery 2023-03-31 06708139 frs-core:ShareCapital 2024-03-31 06708139 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06708139 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06708139 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06708139 frs-bus:SmallEntities 2023-04-01 2024-03-31 06708139 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06708139 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06708139 frs-bus:Director1 2023-04-01 2024-03-31 06708139 frs-bus:Director2 2023-04-01 2024-03-31 06708139 frs-bus:Director3 2023-04-01 2024-03-31 06708139 frs-core:CurrentFinancialInstruments 1 2024-03-31 06708139 frs-core:CurrentFinancialInstruments 2 2024-03-31 06708139 frs-core:CurrentFinancialInstruments 3 2024-03-31 06708139 frs-core:CurrentFinancialInstruments 4 2024-03-31 06708139 frs-countries:EnglandWales 2023-04-01 2024-03-31 06708139 2022-03-31 06708139 2023-03-31 06708139 2022-04-01 2023-03-31 06708139 frs-core:CurrentFinancialInstruments 2023-03-31 06708139 frs-core:Non-currentFinancialInstruments 2023-03-31 06708139 frs-core:ShareCapital 2023-03-31 06708139 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 06708139 frs-core:CurrentFinancialInstruments 1 2023-03-31 06708139 frs-core:CurrentFinancialInstruments 2 2023-03-31 06708139 frs-core:CurrentFinancialInstruments 3 2023-03-31 06708139 frs-core:CurrentFinancialInstruments 4 2023-03-31
Registered number: 06708139
Applied Driving Techniques (Global Solutions) Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06708139
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 935,985 644,410
Tangible Assets 5 222,693 287,316
1,158,678 931,726
CURRENT ASSETS
Debtors 6 1,038,512 1,186,964
Cash at bank and in hand 70,186 8,208
1,108,698 1,195,172
Creditors: Amounts Falling Due Within One Year 7 (1,887,750 ) (1,640,819 )
NET CURRENT ASSETS (LIABILITIES) (779,052 ) (445,647 )
TOTAL ASSETS LESS CURRENT LIABILITIES 379,626 486,079
Creditors: Amounts Falling Due After More Than One Year 8 (97,394 ) (94,550 )
NET ASSETS 282,232 391,529
CAPITAL AND RESERVES
Called up share capital 9 200 200
Profit and Loss Account 282,032 391,329
SHAREHOLDERS' FUNDS 282,232 391,529
Page 1
Page 2
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 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 Andrew Phillips
Director
15/04/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Applied Driving Techniques (Global Solutions) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06708139 . The registered office is 25 Barnes Wallis Road, Segensworth East, Fareham, Hampshire, PO15 5TT.
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 rendering of services. Turnover is reduced for estimated customer rebates and other similar allowances.
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. 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 10 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to expenditure on product development. It is amortised to profit and loss account over its estimated economic life of 10 years.
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:
Plant & Machinery 25% reducing balance
Computer Equipment 25% reducing balance
2.6. Foreign Currencies
Monetary 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.
2.7. 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2023: 19)
21 19
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Page 4
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 April 2023 274,839 469,218 744,057
Additions - 387,775 387,775
As at 31 March 2024 274,839 856,993 1,131,832
Amortisation
As at 1 April 2023 54,757 44,890 99,647
Provided during the period 27,484 68,716 96,200
As at 31 March 2024 82,241 113,606 195,847
Net Book Value
As at 31 March 2024 192,598 743,387 935,985
As at 1 April 2023 220,082 424,328 644,410
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 852,219 5,418 857,637
Additions 3,221 5,175 8,396
As at 31 March 2024 855,440 10,593 866,033
Depreciation
As at 1 April 2023 568,429 1,892 570,321
Provided during the period 71,415 1,604 73,019
As at 31 March 2024 639,844 3,496 643,340
Net Book Value
As at 31 March 2024 215,596 7,097 222,693
As at 1 April 2023 283,790 3,526 287,316
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 363,921 116,296
Prepayments and accrued income - 392
Corporation tax recoverable assets 190,331 157,420
Directors' loan accounts - 6,595
554,252 280,703
Due after more than one year
Amounts owed by group undertakings 484,260 906,261
1,038,512 1,186,964
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 161,654 307,819
Bank loans and overdrafts 337,022 45,580
Other taxes and social security 153,241 114,386
VAT 265,411 235,441
Net wages 46,185 -
Barclaycard 1,143 213
Ultimate Finance Factoring 120,775 55,937
Other creditor - Client floats 15,421 32,429
Other creditor 1,700 1,700
Other creditor - Pension 8,854 4,695
Accruals and deferred income 610,548 842,619
Directors' loan accounts 8,450 -
Payments on account 157,346 -
1,887,750 1,640,819
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 465 94,550
Amounts owed to group undertakings 96,929 -
97,394 94,550
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 5