Acorah Software Products - Accounts Production 16.2.800 false true 28 January 2024 29 January 2023 false 29 January 2024 28 January 2025 28 January 2025 05522724 Mr Michael Rutter Mr Philip Shacklady Mrs Katrina Rutter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05522724 2024-01-28 05522724 2025-01-28 05522724 2024-01-29 2025-01-28 05522724 frs-core:CurrentFinancialInstruments 2025-01-28 05522724 frs-core:ComputerEquipment 2025-01-28 05522724 frs-core:ComputerEquipment 2024-01-29 2025-01-28 05522724 frs-core:ComputerEquipment 2024-01-28 05522724 frs-core:FurnitureFittings 2025-01-28 05522724 frs-core:FurnitureFittings 2024-01-29 2025-01-28 05522724 frs-core:FurnitureFittings 2024-01-28 05522724 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-28 05522724 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-29 2025-01-28 05522724 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-28 05522724 frs-core:ShareCapital 2025-01-28 05522724 frs-core:RetainedEarningsAccumulatedLosses 2025-01-28 05522724 frs-bus:PrivateLimitedCompanyLtd 2024-01-29 2025-01-28 05522724 frs-bus:FilletedAccounts 2024-01-29 2025-01-28 05522724 frs-bus:SmallEntities 2024-01-29 2025-01-28 05522724 frs-bus:AuditExempt-NoAccountantsReport 2024-01-29 2025-01-28 05522724 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-29 2025-01-28 05522724 frs-bus:Director1 2024-01-29 2025-01-28 05522724 frs-bus:Director2 2024-01-29 2025-01-28 05522724 frs-bus:CompanySecretary1 2024-01-29 2025-01-28 05522724 frs-countries:EnglandWales 2024-01-29 2025-01-28 05522724 2023-01-28 05522724 2024-01-28 05522724 2023-01-29 2024-01-28 05522724 frs-core:CurrentFinancialInstruments 2024-01-28 05522724 frs-core:ShareCapital 2024-01-28 05522724 frs-core:RetainedEarningsAccumulatedLosses 2024-01-28
Registered number: 05522724
Best 4 Advice Ltd
Unaudited Financial Statements
For The Year Ended 28 January 2025
Devonports LAS Accountants Ltd
Cumberland House
24 - 28 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05522724
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,050 14,984
12,050 14,984
CURRENT ASSETS
Debtors 5 10,183 15,939
Cash at bank and in hand 435,066 457,456
445,249 473,395
Creditors: Amounts Falling Due Within One Year 6 (33,369 ) (44,353 )
NET CURRENT ASSETS (LIABILITIES) 411,880 429,042
TOTAL ASSETS LESS CURRENT LIABILITIES 423,930 444,026
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,922 ) (2,471 )
NET ASSETS 422,008 441,555
CAPITAL AND RESERVES
Called up share capital 7 999 999
Profit and Loss Account 421,009 440,556
SHAREHOLDERS' FUNDS 422,008 441,555
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For the year ending 28 January 2025 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 Michael Rutter
Director
Mr Philip Shacklady
Director
31/03/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Best 4 Advice Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05522724 . The registered office is 38 Western Road, Leigh On Sea, Essex, SS9 2PP.
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. Significant judgements and estimations
Preparation of the financial statements requires management to make significant judgements and estimates.
The company reviews these at the end of each year to ensure they continue to remain apprpriate.
2.3. 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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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.
2.4. 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 15% reducing balance
Computer Equipment 33% reducing balance
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2.5. Financial Instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.
Trade and other debtors and creditors are classified as basic financial instruments and comprise cash in hamd and at bank and bank overdrafts.
Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.
2.6. Taxation
Taxation 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.
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.
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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
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4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 29 January 2024 5,850 14,933 20,109 40,892
Additions - 1,984 3,357 5,341
Disposals - (1,248 ) (8,989 ) (10,237 )
As at 28 January 2025 5,850 15,669 14,477 35,996
Depreciation
As at 29 January 2024 4,144 8,337 13,427 25,908
Provided during the period 1,462 1,222 2,440 5,124
Disposals - (812 ) (6,274 ) (7,086 )
As at 28 January 2025 5,606 8,747 9,593 23,946
Net Book Value
As at 28 January 2025 244 6,922 4,884 12,050
As at 29 January 2024 1,706 6,596 6,682 14,984
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,836 6,177
Other debtors 8,347 9,762
10,183 15,939
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,024 114
Other creditors 2,084 2,624
Taxation and social security 30,261 41,615
33,369 44,353
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7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 999 999
Page 6