Acorah Software Products - Accounts Production 16.1.300 false true false 28 July 2023 31 December 2024 31 December 2024 15034138 Mr Leonard Austin Mr George Thomas Mr Yang Tran iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15034138 2023-07-27 15034138 2024-12-31 15034138 2023-07-28 2024-12-31 15034138 frs-core:CurrentFinancialInstruments 2024-12-31 15034138 frs-core:ComputerEquipment 2024-12-31 15034138 frs-core:ComputerEquipment 2023-07-28 2024-12-31 15034138 frs-core:ComputerEquipment 2023-07-27 15034138 frs-core:FurnitureFittings 2024-12-31 15034138 frs-core:FurnitureFittings 2023-07-28 2024-12-31 15034138 frs-core:FurnitureFittings 2023-07-27 15034138 frs-core:WithinOneYear 2024-12-31 15034138 frs-core:SharePremium 2024-12-31 15034138 frs-core:ShareCapital 2024-12-31 15034138 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 15034138 frs-bus:PrivateLimitedCompanyLtd 2023-07-28 2024-12-31 15034138 frs-bus:FilletedAccounts 2023-07-28 2024-12-31 15034138 frs-bus:SmallEntities 2023-07-28 2024-12-31 15034138 frs-bus:AuditExempt-NoAccountantsReport 2023-07-28 2024-12-31 15034138 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-28 2024-12-31 15034138 frs-bus:Director1 2023-07-28 2024-12-31 15034138 frs-bus:Director2 2023-07-28 2024-12-31 15034138 frs-bus:Director3 2023-07-28 2024-12-31 15034138 frs-countries:EnglandWales 2023-07-28 2024-12-31
Registered number: 15034138
Clusterfudge Ltd
Unaudited Financial Statements
For the Period 28 July 2023 to 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 15034138
31 December 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 5,835
5,835
CURRENT ASSETS
Debtors 5 44,025
Cash at bank and in hand 2,233,586
2,277,611
Creditors: Amounts Falling Due Within One Year 6 (35,726 )
NET CURRENT ASSETS (LIABILITIES) 2,241,885
TOTAL ASSETS LESS CURRENT LIABILITIES 2,247,720
NET ASSETS 2,247,720
CAPITAL AND RESERVES
Called up share capital 2
Share premium account 2,869,000
Profit and Loss Account (621,282 )
SHAREHOLDERS' FUNDS 2,247,720
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For the period 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 Leonard Austin
Director
27 March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Clusterfudge Ltd is a private company, limited by shares, incorporated in England & Wales, the registered number is 15034138 . The registered office is 1st Floor The Brew Eagle House, 163 City Road, London, EC1V 1NR.
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 value added taxes. Turnover includes revenue earned from the provision of services and is recognised at the point of invoice. If the provision of services spans the financial year end, it is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can 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 33% straight line
Computer equipment 33% straight line
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 hire purchase contracts are depreciated over their useful lives.
Assets acquired under finance leases are depreciated over the shorter of the lease term and 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. Foreign Currencies
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.
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2.6. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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.
Deferred tax
Deferred tax has not been recognised as it is not material to the financial statements. The directors will review this annually. 
3. Average Number of Employees
Average number of employees, including directors, during the period was: 4
4
4. Tangible Assets
Fixtures & fittings Computer equipment Total
£ £ £
Cost
As at 28 July 2023 - - -
Additions 1,932 6,218 8,150
As at 31 December 2024 1,932 6,218 8,150
Depreciation
As at 28 July 2023 - - -
Provided during the period 248 2,067 2,315
As at 31 December 2024 248 2,067 2,315
Net Book Value
As at 31 December 2024 1,684 4,151 5,835
As at 28 July 2023 - - -
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5. Debtors
31 December 2024
£
Due within one year
Trade debtors 27,601
Other debtors 16,424
44,025
6. Creditors: Amounts Falling Due Within One Year
31 December 2024
£
Trade creditors 168
Other creditors 785
Taxation and social security 34,773
35,726
7. Other Commitments
At 31 December 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £11,300.
31 December 2024
£
Not later than one year 11,300
11,300
8. Related Party Transactions
During the year, £34,718 was paid to a company that is wholly owned by a Director. This was for Consultancy services provided for the formation and set-up of Clusterfudge Ltd.
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