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 08555071 Ms Anais Finch Mr Joe Halliday iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08555071 2023-06-30 08555071 2024-06-30 08555071 2023-07-01 2024-06-30 08555071 frs-core:CurrentFinancialInstruments 2024-06-30 08555071 frs-core:Non-currentFinancialInstruments 2024-06-30 08555071 frs-core:ComputerEquipment 2024-06-30 08555071 frs-core:ComputerEquipment 2023-07-01 2024-06-30 08555071 frs-core:ComputerEquipment 2023-06-30 08555071 frs-core:FurnitureFittings 2024-06-30 08555071 frs-core:FurnitureFittings 2023-07-01 2024-06-30 08555071 frs-core:FurnitureFittings 2023-06-30 08555071 frs-core:MotorVehicles 2024-06-30 08555071 frs-core:MotorVehicles 2023-07-01 2024-06-30 08555071 frs-core:MotorVehicles 2023-06-30 08555071 frs-core:PlantMachinery 2024-06-30 08555071 frs-core:PlantMachinery 2023-07-01 2024-06-30 08555071 frs-core:PlantMachinery 2023-06-30 08555071 frs-core:ShareCapital 2024-06-30 08555071 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 08555071 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08555071 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 08555071 frs-bus:SmallEntities 2023-07-01 2024-06-30 08555071 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 08555071 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 08555071 frs-bus:Director1 2023-07-01 2024-06-30 08555071 frs-bus:Director2 2023-07-01 2024-06-30 08555071 1 2023-07-01 2024-06-30 08555071 frs-countries:EnglandWales 2023-07-01 2024-06-30 08555071 2022-06-30 08555071 2023-06-30 08555071 2022-07-01 2023-06-30 08555071 frs-core:CurrentFinancialInstruments 2023-06-30 08555071 frs-core:Non-currentFinancialInstruments 2023-06-30 08555071 frs-core:ShareCapital 2023-06-30 08555071 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 08555071 1 2022-07-01 2023-06-30
Registered number: 08555071
7r Performance Ltd.
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08555071
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,407 40,891
16,407 40,891
CURRENT ASSETS
Debtors 5 41,124 28,396
Cash at bank and in hand 23,882 12,952
65,006 41,348
Creditors: Amounts Falling Due Within One Year 6 (51,950 ) (67,314 )
NET CURRENT ASSETS (LIABILITIES) 13,056 (25,966 )
TOTAL ASSETS LESS CURRENT LIABILITIES 29,463 14,925
Creditors: Amounts Falling Due After More Than One Year 7 (19,460 ) (19,825 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,000 ) -
NET ASSETS/(LIABILITIES) 6,003 (4,900 )
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 5,903 (5,000 )
SHAREHOLDERS' FUNDS 6,003 (4,900)
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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
Ms Anais Finch
Director
Mr Joe Halliday
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
7r Performance Ltd. is a private company, limited by shares, incorporated in England & Wales, the registered number is 08555071 . The registered office is 3rd Floor 86-90 Paul Street, London, EC2A 4NE.
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, net of discounts and value added taxes. Turnover is recognised at the point of invoice.
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:
Gym equipments 8 years straight line
Motor vehicles 8 years straight line
Fixtures & fittings 10 years straight line
Computer equipment 25% 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. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
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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.
2.7. 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.
3. Average Number of Employees
2024 2023
Average number of employees, including directors, during the year 3 2
3 2
4. Tangible Assets
Gym equipments Motor vehicles Fixtures & fittings Computer equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 49,964 24,276 15,078 8,069 97,387
Additions - - - 1,542 1,542
Disposals (4,468 ) (24,276 ) - (1,458 ) (30,202 )
As at 30 June 2024 45,496 - 15,078 8,153 68,727
Depreciation
As at 1 July 2023 31,385 8,764 9,787 6,560 56,496
Provided during the period 5,542 - 1,508 781 7,831
Disposals (1,785 ) (8,764 ) - (1,458 ) (12,007 )
As at 30 June 2024 35,142 - 11,295 5,883 52,320
Net Book Value
As at 30 June 2024 10,354 - 3,783 2,270 16,407
As at 1 July 2023 18,579 15,512 5,291 1,509 40,891
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 12,000
Other debtors 41,124 16,396
41,124 28,396
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,971 16,304
Bank loans and overdrafts 10,000 10,000
Other creditors 2,389 9,781
Taxation and social security 31,590 31,229
51,950 67,314
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 19,460 19,825
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
At 30 June 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £240,260.
9. Directors Advances, Credits and Guarantees
Included within Debtors are loans to director. The balance at the year end was £24,320. (2023 : £6,936Cr)
The above loan is unsecured, interest free and repayable on demand.
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