Acorah Software Products - Accounts Production 16.2.800 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 13498608 Mr Jack Peagam iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13498608 2023-07-31 13498608 2024-07-31 13498608 2023-08-01 2024-07-31 13498608 frs-core:CurrentFinancialInstruments 2024-07-31 13498608 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-07-31 13498608 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-08-01 2024-07-31 13498608 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-07-31 13498608 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-01 2024-07-31 13498608 frs-core:FurnitureFittings 2024-07-31 13498608 frs-core:FurnitureFittings 2023-08-01 2024-07-31 13498608 frs-core:FurnitureFittings 2023-07-31 13498608 frs-core:OtherResidualIntangibleAssets 2024-07-31 13498608 frs-core:OtherResidualIntangibleAssets 2023-08-01 2024-07-31 13498608 frs-core:OtherResidualIntangibleAssets 2023-07-31 13498608 frs-core:SharePremium 2024-07-31 13498608 frs-core:ShareCapital 2024-07-31 13498608 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 13498608 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13498608 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 13498608 frs-bus:SmallEntities 2023-08-01 2024-07-31 13498608 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 13498608 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 13498608 frs-bus:Director1 2023-08-01 2024-07-31 13498608 frs-bus:Director1 2023-07-31 13498608 frs-bus:Director1 2024-07-31 13498608 frs-core:CurrentFinancialInstruments 1 2024-07-31 13498608 frs-countries:EnglandWales 2023-08-01 2024-07-31 13498608 2022-07-31 13498608 2023-07-31 13498608 2022-08-01 2023-07-31 13498608 frs-core:CurrentFinancialInstruments 2023-07-31 13498608 frs-core:SharePremium 2023-07-31 13498608 frs-core:ShareCapital 2023-07-31 13498608 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 13498608 frs-core:CurrentFinancialInstruments 1 2023-07-31
Registered number: 13498608
Linkup Social Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13498608
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 244,805 266,196
Tangible Assets 5 2,574 2,265
247,379 268,461
CURRENT ASSETS
Debtors 6 18,202 17,900
Cash at bank and in hand 56,113 110,660
74,315 128,560
Creditors: Amounts Falling Due Within One Year 7 (8,437 ) (6,475 )
NET CURRENT ASSETS (LIABILITIES) 65,878 122,085
TOTAL ASSETS LESS CURRENT LIABILITIES 313,257 390,546
PROVISIONS FOR LIABILITIES
Deferred Taxation (29,357 ) (29,489 )
NET ASSETS 283,900 361,057
CAPITAL AND RESERVES
Called up share capital 8 2 1
Share premium account 791,187 679,989
Profit and Loss Account (507,289 ) (318,933 )
SHAREHOLDERS' FUNDS 283,900 361,057
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Jack Peagam
Director
31/03/2025
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
Linkup Social Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13498608 . The registered office is International House, 61 Mosley Street, Manchester, M2 3HZ.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are software application development costs. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are trademark costs. It is amortised to the profit and loss account over its estimated economic life of 10 years.
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 33% Straight Line
2.5. 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
4. Intangible Assets
Other - Software Application Intellectual Property - Trademark Total
£ £ £
Cost
As at 1 August 2023 313,582 3,613 317,195
Additions 11,477 - 11,477
As at 31 July 2024 325,059 3,613 328,672
...CONTINUED
Page 3
Page 4
Amortisation
As at 1 August 2023 50,583 416 50,999
Provided during the period 32,506 362 32,868
As at 31 July 2024 83,089 778 83,867
Net Book Value
As at 31 July 2024 241,970 2,835 244,805
As at 1 August 2023 262,999 3,197 266,196
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 August 2023 3,446
Additions 2,159
As at 31 July 2024 5,605
Depreciation
As at 1 August 2023 1,181
Provided during the period 1,850
As at 31 July 2024 3,031
Net Book Value
As at 31 July 2024 2,574
As at 1 August 2023 2,265
6. Debtors
2024 2023
£ £
Due within one year
S455 tax recoverable 6,195 4,293
VAT - 2,238
Director's loan account 12,007 6,369
Amounts owed by associates - 5,000
18,202 17,900
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 6,195 4,293
Other taxes and social security 667 1,182
VAT 575 -
Accruals and deferred income 1,000 1,000
8,437 6,475
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Jack Peagam 6,369 5,637 - - 12,006
The above loan is unsecured and repayable on demand. Interest is charged at the applicable rate.
Page 5