Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 07639070 Mr David Wells Mr Simon Wells Mr Daniel Wells Mr Ross Wells iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07639070 2023-12-31 07639070 2024-12-31 07639070 2024-01-01 2024-12-31 07639070 frs-core:CurrentFinancialInstruments 2024-12-31 07639070 frs-core:Non-currentFinancialInstruments 2024-12-31 07639070 frs-core:BetweenOneFiveYears 2024-12-31 07639070 frs-core:ComputerEquipment 2024-12-31 07639070 frs-core:ComputerEquipment 2024-01-01 2024-12-31 07639070 frs-core:ComputerEquipment 2023-12-31 07639070 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 07639070 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 07639070 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 07639070 frs-core:FurnitureFittings 2024-12-31 07639070 frs-core:FurnitureFittings 2024-01-01 2024-12-31 07639070 frs-core:FurnitureFittings 2023-12-31 07639070 frs-core:NetGoodwill 2024-12-31 07639070 frs-core:NetGoodwill 2024-01-01 2024-12-31 07639070 frs-core:NetGoodwill 2023-12-31 07639070 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 07639070 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 07639070 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 07639070 frs-core:MotorVehicles 2024-12-31 07639070 frs-core:MotorVehicles 2024-01-01 2024-12-31 07639070 frs-core:MotorVehicles 2023-12-31 07639070 frs-core:PlantMachinery 2024-12-31 07639070 frs-core:PlantMachinery 2024-01-01 2024-12-31 07639070 frs-core:PlantMachinery 2023-12-31 07639070 frs-core:WithinOneYear 2024-12-31 07639070 frs-core:ShareCapital 2024-12-31 07639070 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07639070 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07639070 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07639070 frs-bus:SmallEntities 2024-01-01 2024-12-31 07639070 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07639070 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07639070 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 07639070 frs-bus:OrdinaryShareClass1 2024-12-31 07639070 frs-bus:Director1 2024-01-01 2024-12-31 07639070 frs-bus:Director2 2024-01-01 2024-12-31 07639070 frs-bus:Director3 2024-01-01 2024-12-31 07639070 frs-bus:Director4 2024-01-01 2024-12-31 07639070 frs-countries:EnglandWales 2024-01-01 2024-12-31 07639070 2022-12-31 07639070 2023-12-31 07639070 2023-01-01 2023-12-31 07639070 frs-core:CurrentFinancialInstruments 2023-12-31 07639070 frs-core:Non-currentFinancialInstruments 2023-12-31 07639070 frs-core:BetweenOneFiveYears 2023-12-31 07639070 frs-core:WithinOneYear 2023-12-31 07639070 frs-core:ShareCapital 2023-12-31 07639070 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07639070 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 07639070 frs-core:CurrentFinancialInstruments 2 2023-12-31 07639070 frs-core:CurrentFinancialInstruments 3 2023-12-31
Registered number: 07639070
Quicksharp Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Montacs
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07639070
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 684,885
Tangible Assets 5 649,118 641,144
649,118 1,326,029
CURRENT ASSETS
Stocks 6 1,117,560 1,322,199
Debtors 7 1,041,981 1,668,771
Cash at bank and in hand 941,235 1,040,284
3,100,776 4,031,254
Creditors: Amounts Falling Due Within One Year 8 (680,435 ) (1,167,739 )
NET CURRENT ASSETS (LIABILITIES) 2,420,341 2,863,515
TOTAL ASSETS LESS CURRENT LIABILITIES 3,069,459 4,189,544
Creditors: Amounts Falling Due After More Than One Year 9 (36,341 ) (29,607 )
PROVISIONS FOR LIABILITIES
Provisions For Charges - (189,736 )
Deferred Taxation (100,000 ) (127,012 )
NET ASSETS 2,933,118 3,843,189
CAPITAL AND RESERVES
Called up share capital 11 12,000 12,000
Profit and Loss Account 2,921,118 3,831,189
SHAREHOLDERS' FUNDS 2,933,118 3,843,189
Page 1
Page 2
For the year ending 31 December 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 Simon Wells
Director
28/03/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Quicksharp Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07639070 . The registered office is Signal House, Lenborough Road, Gawcott, Buckingham, MK18 4BU.
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 form 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:
Leasehold over 10 years
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings over 3 to 5 years
Computer Equipment over 3 to 5 years
2.4. Leasing and Hire Purchase Contracts
Assets obtained under 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. 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.
2.6. 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 41 (2023: 36)
41 36
4. Intangible Assets
Goodwill Development Costs Total
£ £ £
Cost
As at 1 January 2024 1,849,886 552 1,850,438
Disposals - (552 ) (552 )
As at 31 December 2024 1,849,886 - 1,849,886
Amortisation
As at 1 January 2024 1,165,553 - 1,165,553
Provided during the period 684,333 552 684,885
Disposals - (552 ) (552 )
As at 31 December 2024 1,849,886 - 1,849,886
Net Book Value
As at 31 December 2024 - - -
As at 1 January 2024 684,333 552 684,885
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 261,220 193,711 421,295 120,286
Additions 17,308 6,337 163,485 27,062
Disposals (964 ) (53,064 ) (108,416 ) (105,078 )
As at 31 December 2024 277,564 146,984 476,364 42,270
Depreciation
As at 1 January 2024 48,657 100,733 196,984 77,732
Provided during the period 19,091 17,802 66,496 34,090
Disposals (964 ) (53,064 ) (60,426 ) (105,078 )
As at 31 December 2024 66,784 65,471 203,054 6,744
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 December 2024 210,780 81,513 273,310 35,526
As at 1 January 2024 212,563 92,978 224,311 42,554
Computer Equipment Total
£ £
Cost
As at 1 January 2024 196,847 1,193,359
Additions 28,660 242,852
Disposals (163,187 ) (430,709 )
As at 31 December 2024 62,320 1,005,502
Depreciation
As at 1 January 2024 128,109 552,215
Provided during the period 49,408 186,887
Disposals (163,186 ) (382,718 )
As at 31 December 2024 14,331 356,384
Net Book Value
As at 31 December 2024 47,989 649,118
As at 1 January 2024 68,738 641,144
6. Stocks
2024 2023
£ £
Stock 1,117,560 1,322,199
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 769,806 642,880
Prepayments and accrued income 110,130 364,963
Other debtors - 175,000
Other debtors (2) - 20,000
Amounts owed by group undertakings 60,383 465,928
Amounts owed by associates 101,662 -
1,041,981 1,668,771
Page 5
Page 6
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 38,397 64,041
Trade creditors 365,773 342,366
Corporation tax 46,869 138,064
Other taxes and social security - 43,865
VAT 137,151 161,866
Other creditors 35,762 228,972
Other Loans - 20,000
Accruals and deferred income 52,224 168,565
Amounts owed to group undertakings 4,259 -
680,435 1,167,739
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 36,341 29,607
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 38,397 64,041
Later than one year and not later than five years 36,341 29,607
74,738 93,648
74,738 93,648
11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
12,000 Ordinary Shares of £ 1.000 each 12,000 12,000
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