Acorah Software Products - Accounts Production 14.6.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 14518709 Mr Abdulfatai Sanni Dr Kudirat Ayinla iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14518709 2023-12-31 14518709 2024-12-31 14518709 2024-01-01 2024-12-31 14518709 frs-core:CurrentFinancialInstruments 2024-12-31 14518709 frs-core:ComputerEquipment 2024-12-31 14518709 frs-core:ComputerEquipment 2024-01-01 2024-12-31 14518709 frs-core:ComputerEquipment 2023-12-31 14518709 frs-core:PlantMachinery 2024-12-31 14518709 frs-core:PlantMachinery 2024-01-01 2024-12-31 14518709 frs-core:PlantMachinery 2023-12-31 14518709 frs-core:ShareCapital 2024-12-31 14518709 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 14518709 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14518709 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 14518709 frs-bus:SmallEntities 2024-01-01 2024-12-31 14518709 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14518709 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14518709 frs-bus:Director1 2024-01-01 2024-12-31 14518709 frs-bus:Director2 2024-01-01 2024-12-31 14518709 frs-countries:EnglandWales 2024-01-01 2024-12-31 14518709 2022-12-31 14518709 2023-12-31 14518709 2023-01-01 2023-12-31 14518709 frs-core:CurrentFinancialInstruments 2023-12-31 14518709 frs-core:ShareCapital 2023-12-31 14518709 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 14518709
Assuredq Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14518709
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,832 6,945
5,832 6,945
CURRENT ASSETS
Debtors 5 79,267 24,420
Cash at bank and in hand 43,768 133,080
123,035 157,500
Creditors: Amounts Falling Due Within One Year 6 (41,543 ) (66,559 )
NET CURRENT ASSETS (LIABILITIES) 81,492 90,941
TOTAL ASSETS LESS CURRENT LIABILITIES 87,324 97,886
NET ASSETS 87,324 97,886
CAPITAL AND RESERVES
Called up share capital 7 101 1
Profit and Loss Account 87,223 97,885
SHAREHOLDERS' FUNDS 87,324 97,886
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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 Abdulfatai Sanni
Director
28/02/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Assuredq Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14518709 . The registered office is 1st Floor, Copper House, 88 Snakes Lane East, Woodford Green, Essex, IG8 7HX.
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 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.
2.3. 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:
Plant & Machinery 25% Reducing balance
Computer Equipment 25% Reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
Current  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: 2 (2023: 1)
2 1
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 2,401 6,859 9,260
Additions - 683 683
As at 31 December 2024 2,401 7,542 9,943
Depreciation
As at 1 January 2024 600 1,715 2,315
Provided during the period 450 1,346 1,796
As at 31 December 2024 1,050 3,061 4,111
Net Book Value
As at 31 December 2024 1,351 4,481 5,832
As at 1 January 2024 1,801 5,144 6,945
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 79,267 24,420
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,228 -
Corporation tax 10,770 28,600
VAT 28,545 18,878
Accruals and deferred income - 1,920
Directors' loan accounts - 17,161
41,543 66,559
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 1
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