Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 06457475 Mrs Isabelle Havens Mr Mark Havens Mr Mark Havens iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06457475 2023-12-31 06457475 2024-12-31 06457475 2024-01-01 2024-12-31 06457475 frs-core:CurrentFinancialInstruments 2024-12-31 06457475 frs-core:FurnitureFittings 2024-12-31 06457475 frs-core:FurnitureFittings 2024-01-01 2024-12-31 06457475 frs-core:FurnitureFittings 2023-12-31 06457475 frs-core:MotorVehicles 2024-12-31 06457475 frs-core:MotorVehicles 2024-01-01 2024-12-31 06457475 frs-core:MotorVehicles 2023-12-31 06457475 frs-core:PlantMachinery 2024-12-31 06457475 frs-core:PlantMachinery 2024-01-01 2024-12-31 06457475 frs-core:PlantMachinery 2023-12-31 06457475 frs-core:ShareCapital 2024-12-31 06457475 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06457475 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06457475 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06457475 frs-bus:SmallEntities 2024-01-01 2024-12-31 06457475 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06457475 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06457475 frs-bus:Director1 2024-01-01 2024-12-31 06457475 frs-bus:Director2 2024-01-01 2024-12-31 06457475 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 06457475 frs-countries:EnglandWales 2024-01-01 2024-12-31 06457475 2022-12-31 06457475 2023-12-31 06457475 2023-01-01 2023-12-31 06457475 frs-core:CurrentFinancialInstruments 2023-12-31 06457475 frs-core:ShareCapital 2023-12-31 06457475 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06457475
Amitola Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06457475
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 550,372 573,751
550,372 573,751
CURRENT ASSETS
Debtors 5 318,427 60,379
Cash at bank and in hand 2,256 190,993
320,683 251,372
Creditors: Amounts Falling Due Within One Year 6 (92,262 ) (52,052 )
NET CURRENT ASSETS (LIABILITIES) 228,421 199,320
TOTAL ASSETS LESS CURRENT LIABILITIES 778,793 773,071
PROVISIONS FOR LIABILITIES
Deferred Taxation (121,648 ) (109,012 )
NET ASSETS 657,145 664,059
CAPITAL AND RESERVES
Called up share capital 7 102 102
Profit and Loss Account 657,043 663,957
SHAREHOLDERS' FUNDS 657,145 664,059
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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
Mrs Isabelle Havens
Director
Mr Mark Havens
Director
27/03/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Amitola Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06457475 . The registered office is 11 Trinity Street, Bungay, NR35 1EH.
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 20% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
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2.4. 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: 5 (2023: 5)
5 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 990,901 240,264 35,982 1,267,147
Additions 28,170 68,455 1,440 98,065
As at 31 December 2024 1,019,071 308,719 37,422 1,365,212
Depreciation
As at 1 January 2024 587,999 75,035 30,362 693,396
Provided during the period 81,292 39,016 1,136 121,444
As at 31 December 2024 669,291 114,051 31,498 814,840
...CONTINUED
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Net Book Value
As at 31 December 2024 349,780 194,668 5,924 550,372
As at 1 January 2024 402,902 165,229 5,620 573,751
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 157,753 58,778
Prepayments and accrued income 5,613 -
Other debtors 150,000 -
VAT 5,061 1,601
318,427 60,379
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 53,725 6,772
Corporation tax 31,476 42,524
Accruals and deferred income 5,845 2,000
Directors' loan accounts 1,216 756
92,262 52,052
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 102 102
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