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 05944330 Mr Steven O'Nyons iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05944330 2023-12-31 05944330 2024-12-31 05944330 2024-01-01 2024-12-31 05944330 frs-core:CurrentFinancialInstruments 2024-12-31 05944330 frs-core:ComputerEquipment 2024-12-31 05944330 frs-core:ComputerEquipment 2024-01-01 2024-12-31 05944330 frs-core:ComputerEquipment 2023-12-31 05944330 frs-core:WithinOneYear 2024-12-31 05944330 frs-core:SharePremium 2024-12-31 05944330 frs-core:ShareCapital 2024-12-31 05944330 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05944330 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05944330 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05944330 frs-bus:SmallEntities 2024-01-01 2024-12-31 05944330 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05944330 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05944330 frs-bus:Director1 2024-01-01 2024-12-31 05944330 frs-countries:EnglandWales 2024-01-01 2024-12-31 05944330 2022-12-31 05944330 2023-12-31 05944330 2023-01-01 2023-12-31 05944330 frs-core:CurrentFinancialInstruments 2023-12-31 05944330 frs-core:WithinOneYear 2023-12-31 05944330 frs-core:SharePremium 2023-12-31 05944330 frs-core:ShareCapital 2023-12-31 05944330 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 05944330
Equilibrium Recruitment Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Azuki Accounts Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05944330
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,284 5,266
3,284 5,266
CURRENT ASSETS
Debtors 5 2,640 4,904
Cash at bank and in hand 28,583 57,047
31,223 61,951
Creditors: Amounts Falling Due Within One Year 6 (7,677 ) (6,628 )
NET CURRENT ASSETS (LIABILITIES) 23,546 55,323
TOTAL ASSETS LESS CURRENT LIABILITIES 26,830 60,589
NET ASSETS 26,830 60,589
CAPITAL AND RESERVES
Called up share capital 7 9 9
Share premium account 99 99
Profit and Loss Account 26,722 60,481
SHAREHOLDERS' FUNDS 26,830 60,589
Page 1
Page 2
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 Steven O'Nyons
Director
22/04/2025
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
Equilibrium Recruitment Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05944330 . The registered office is 4th Floor The Blade, Abbey Square, Reading, Berkshire, RG1 3BE.
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:
Computer Equipment Straight line 33%
2.4. 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.
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 33,763
Additions 977
As at 31 December 2024 34,740
Depreciation
As at 1 January 2024 28,497
Provided during the period 2,959
As at 31 December 2024 31,456
Net Book Value
As at 31 December 2024 3,284
As at 1 January 2024 5,266
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 2,964
Prepayments and accrued income 1,884 1,184
Other debtors 756 756
2,640 4,904
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,178 919
Corporation tax 99 99
Other taxes and social security 4,064 4,123
Other creditors 336 422
Accruals and deferred income - 65
Director's loan account 1,000 1,000
7,677 6,628
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 9 9
Page 4
Page 5
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 6,804 7,484
6,804 7,484
9. Related Party Transactions
Director’s Loan Account
At 31 December 2024, the company owed £1,000 (2023: £1,000) to Mr Steven O'Nyons, the sole director. The amount represents funds introduced by the director in previous years. The loan is unsecured, interest-free, and repayable on demand.
There were no other related party transactions during the year (2023: none).
Page 5