Acorah Software Products - Accounts Production 16.2.850 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08291107 Mr Michael Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08291107 2023-12-31 08291107 2024-12-31 08291107 2024-01-01 2024-12-31 08291107 frs-core:CurrentFinancialInstruments 2024-12-31 08291107 frs-core:Non-currentFinancialInstruments 2024-12-31 08291107 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08291107 frs-core:ShareCapital 2024-12-31 08291107 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08291107 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08291107 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08291107 frs-bus:SmallEntities 2024-01-01 2024-12-31 08291107 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08291107 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08291107 frs-bus:Director1 2024-01-01 2024-12-31 08291107 frs-core:CurrentFinancialInstruments 1 2024-12-31 08291107 frs-countries:EnglandWales 2024-01-01 2024-12-31 08291107 2022-12-31 08291107 2023-12-31 08291107 2023-01-01 2023-12-31 08291107 frs-core:CurrentFinancialInstruments 2023-12-31 08291107 frs-core:Non-currentFinancialInstruments 2023-12-31 08291107 frs-core:ShareCapital 2023-12-31 08291107 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08291107 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 08291107
Brokers Incorporated Limited
Financial Statements
For The Year Ended 31 December 2024
Adams & Moore Ltd
Adams & Moore House
Instone Road
Dartford
DA1 2AG
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08291107
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 48,624 38,988
Cash at bank and in hand 84,946 46,149
133,570 85,137
Creditors: Amounts Falling Due Within One Year 5 (3,473 ) (9,623 )
NET CURRENT ASSETS (LIABILITIES) 130,097 75,514
TOTAL ASSETS LESS CURRENT LIABILITIES 130,097 75,514
Creditors: Amounts Falling Due After More Than One Year 6 (223,257 ) (223,257 )
NET LIABILITIES (93,160 ) (147,743 )
CAPITAL AND RESERVES
Called up share capital 7 40,000 40,000
Profit and Loss Account (133,160 ) (187,743 )
SHAREHOLDERS' FUNDS (93,160) (147,743)
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 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 Michael Smith
Director
03/04/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Brokers Incorporated Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08291107 . The registered office is Jupiter House, Paycocke Road, Basildon, Essex, SS14 3HX.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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:
Computer Equipment 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 5)
7 5
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 48,624 38,988
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 53 164
Other taxes and social security 222 6,224
Pension control 1,338 1,375
Accruals and deferred income 1,860 1,860
3,473 9,623
Page 2
Page 3
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 223,257 223,257
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 40,000 40,000
Page 3