Acorah Software Products - Accounts Production 16.2.850 false true 31 January 2024 1 February 2023 false 1 February 2024 31 December 2024 31 December 2024 09963001 Mr D E Fjeld Mrs F R Fjeld Mr J M Parkinson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09963001 2024-01-31 09963001 2024-12-31 09963001 2024-02-01 2024-12-31 09963001 frs-core:CurrentFinancialInstruments 2024-12-31 09963001 frs-core:Non-currentFinancialInstruments 2024-12-31 09963001 frs-core:ComputerEquipment 2024-12-31 09963001 frs-core:ComputerEquipment 2024-02-01 2024-12-31 09963001 frs-core:ComputerEquipment 2024-01-31 09963001 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-02-01 2024-12-31 09963001 frs-core:OtherResidualIntangibleAssets 2024-12-31 09963001 frs-core:OtherResidualIntangibleAssets 2024-02-01 2024-12-31 09963001 frs-core:OtherResidualIntangibleAssets 2024-01-31 09963001 frs-core:PlantMachinery 2024-12-31 09963001 frs-core:PlantMachinery 2024-02-01 2024-12-31 09963001 frs-core:PlantMachinery 2024-01-31 09963001 frs-core:ShareCapital 2024-12-31 09963001 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09963001 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2024-12-31 09963001 frs-bus:FilletedAccounts 2024-02-01 2024-12-31 09963001 frs-bus:SmallEntities 2024-02-01 2024-12-31 09963001 frs-bus:AuditExemptWithAccountantsReport 2024-02-01 2024-12-31 09963001 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2024-12-31 09963001 frs-bus:Director1 2024-02-01 2024-12-31 09963001 frs-bus:Director2 2024-02-01 2024-12-31 09963001 frs-bus:Director3 2024-02-01 2024-12-31 09963001 frs-countries:EnglandWales 2024-02-01 2024-12-31 09963001 2023-01-31 09963001 2024-01-31 09963001 2023-02-01 2024-01-31 09963001 frs-core:CurrentFinancialInstruments 2024-01-31 09963001 frs-core:Non-currentFinancialInstruments 2024-01-31 09963001 frs-core:ShareCapital 2024-01-31 09963001 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 09963001
Fjeld Consulting Limited
Unaudited Financial Statements
For the Period 1 February 2024 to 31 December 2024
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Report of the Accountant to the directors of Fjeld Consulting Limited
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the period ended 31 December 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting period. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
07/04/2025
Van Dijk Accountants
Georgian House
34 Thoroughfare
Halesworth
Suffolk
IP19 8AP
Page 1
Page 2
Balance Sheet
Registered number: 09963001
31 December 2024 31 January 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 101,302 15,589
Tangible Assets 5 14,530 11,706
115,832 27,295
CURRENT ASSETS
Debtors 6 34,515 210,830
Cash at bank and in hand 90,259 260,662
124,774 471,492
Creditors: Amounts Falling Due Within One Year 7 (109,368 ) (92,407 )
NET CURRENT ASSETS (LIABILITIES) 15,406 379,085
TOTAL ASSETS LESS CURRENT LIABILITIES 131,238 406,380
Creditors: Amounts Falling Due After More Than One Year 8 (2,404 ) (9,667 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (2,224 )
NET ASSETS 128,834 394,489
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 128,734 394,389
SHAREHOLDERS' FUNDS 128,834 394,489
Page 2
Page 3
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 D E Fjeld
Director
07/04/2025
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Fjeld Consulting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09963001 . The registered office is Georgian House, 34 Thoroughfare, Halesworth, Suffolk, IP19 8AP.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets is computer software. It is amortised to profit and loss account over its estimated economic life of 5 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:
Plant & Machinery 20% reducing balance
Computer Equipment 20% reducing balance
2.5. Foreign Currencies
Monetary 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.
Page 4
Page 5
2.6. 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 period, 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 period was: 8 (2024: 7)
8 7
4. Intangible Assets
Other
£
Cost
As at 1 February 2024 30,040
Additions 111,699
As at 31 December 2024 141,739
Amortisation
As at 1 February 2024 14,451
Provided during the period 25,986
As at 31 December 2024 40,437
...CONTINUED
Page 5
Page 6
Net Book Value
As at 31 December 2024 101,302
As at 1 February 2024 15,589
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 February 2024 7,781 17,239 25,020
Additions - 4,970 4,970
As at 31 December 2024 7,781 22,209 29,990
Depreciation
As at 1 February 2024 5,258 8,056 13,314
Provided during the period 463 1,683 2,146
As at 31 December 2024 5,721 9,739 15,460
Net Book Value
As at 31 December 2024 2,060 12,470 14,530
As at 1 February 2024 2,523 9,183 11,706
6. Debtors
31 December 2024 31 January 2024
£ £
Due within one year
Trade debtors 34,023 210,338
Other debtors 492 492
34,515 210,830
7. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 January 2024
£ £
Trade creditors 65,212 -
Bank loans and overdrafts 9,000 9,000
Other taxes and social security 7,915 7,159
VAT 5,835 53,672
...CONTINUED
Page 6
Page 7
Other creditors 17,644 18,314
Accruals and deferred income 1,800 1,600
Directors' loan accounts 1,962 2,662
109,368 92,407
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 January 2024
£ £
Bank loans 2,404 9,667
9. Share Capital
31 December 2024 31 January 2024
£ £
Allotted, Called up and fully paid 100 100
10. Dividends
Page 7