Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 11420916 Mr Christopher Dawkins Mr Alex Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11420916 2023-06-30 11420916 2024-06-30 11420916 2023-07-01 2024-06-30 11420916 frs-core:CurrentFinancialInstruments 2024-06-30 11420916 frs-core:ComputerEquipment 2024-06-30 11420916 frs-core:ComputerEquipment 2023-07-01 2024-06-30 11420916 frs-core:ComputerEquipment 2023-06-30 11420916 frs-core:ShareCapital 2024-06-30 11420916 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 11420916 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11420916 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 11420916 frs-bus:SmallEntities 2023-07-01 2024-06-30 11420916 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11420916 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 11420916 frs-bus:Director1 2023-07-01 2024-06-30 11420916 frs-bus:Director1 2023-06-30 11420916 frs-bus:Director1 2024-06-30 11420916 frs-bus:Director2 2023-07-01 2024-06-30 11420916 frs-countries:EnglandWales 2023-07-01 2024-06-30 11420916 2022-06-30 11420916 2023-06-30 11420916 2022-07-01 2023-06-30 11420916 frs-core:CurrentFinancialInstruments 2023-06-30 11420916 frs-core:ShareCapital 2023-06-30 11420916 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 11420916
Forloop Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Ecommerce Accountants LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11420916
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,714 7,911
16,714 7,911
CURRENT ASSETS
Debtors 5 492,951 379,118
Cash at bank and in hand 1,097,484 749,660
1,590,435 1,128,778
Creditors: Amounts Falling Due Within One Year 6 (345,585 ) (216,110 )
NET CURRENT ASSETS (LIABILITIES) 1,244,850 912,668
TOTAL ASSETS LESS CURRENT LIABILITIES 1,261,564 920,579
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,175 ) (1,503 )
NET ASSETS 1,258,389 919,076
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 1,258,289 918,976
SHAREHOLDERS' FUNDS 1,258,389 919,076
Page 1
Page 2
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 Christopher Dawkins
Director
25/02/2025
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
Forloop Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11420916 . The registered office is 26 West Hill Road, Brighton, BN1 3RT.

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 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 returns, rebates and other similar allowances.

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:
Computer Equipment Straight line over 3 years

Office equipment has been depreciated on a straight line basis over 3 years.
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 finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over 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. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Page 3
Page 4
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.
2.7. Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising
from impairment are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:  21 (2023: 17)
21 17
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 July 2023 47,100
Additions 20,460
As at 30 June 2024 67,560
Depreciation
As at 1 July 2023 39,189
Provided during the period 11,657
As at 30 June 2024 50,846
Net Book Value
As at 30 June 2024 16,714
As at 1 July 2023 7,911
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 171,759 63,840
Other debtors 321,192 315,278
492,951 379,118
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,263 164
Other creditors 52,980 54,024
Taxation and social security 291,342 161,922
345,585 216,110
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4
Page 5
8. Directors Advances, Credits and Guarantees
Included within Other Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Christopher Dawkins 233,141 11,061 - - 244,202
The above loan is unsecured, subject to 2.5% interest per annum, prorated for the reporting period and repayable on demand.
9. Related Party Transactions
At the balance sheet date, the company was owed £500 (2023 - £Nil) by Wooj Property Limited, a company in which Mr C Dawkins is also a director.
Page 5