Acorah Software Products - Accounts Production 16.2.850 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 09568675 Mr P Copping Mr S K Crooks iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09568675 2023-04-30 09568675 2024-04-30 09568675 2023-05-01 2024-04-30 09568675 frs-core:CurrentFinancialInstruments 2024-04-30 09568675 frs-core:Non-currentFinancialInstruments 2024-04-30 09568675 frs-core:ComputerEquipment 2023-05-01 2024-04-30 09568675 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-30 09568675 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-01 2024-04-30 09568675 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-30 09568675 frs-core:FurnitureFittings 2023-05-01 2024-04-30 09568675 frs-core:PlantMachinery 2024-04-30 09568675 frs-core:PlantMachinery 2023-05-01 2024-04-30 09568675 frs-core:PlantMachinery 2023-04-30 09568675 frs-core:SharePremium 2024-04-30 09568675 frs-core:ShareCapital 2024-04-30 09568675 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 09568675 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09568675 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 09568675 frs-bus:SmallEntities 2023-05-01 2024-04-30 09568675 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09568675 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 09568675 frs-bus:Director1 2023-05-01 2024-04-30 09568675 frs-bus:Director2 2023-05-01 2024-04-30 09568675 frs-countries:EnglandWales 2023-05-01 2024-04-30 09568675 2022-04-30 09568675 2023-04-30 09568675 2022-05-01 2023-04-30 09568675 frs-core:CurrentFinancialInstruments 2023-04-30 09568675 frs-core:Non-currentFinancialInstruments 2023-04-30 09568675 frs-core:SharePremium 2023-04-30 09568675 frs-core:ShareCapital 2023-04-30 09568675 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 09568675
Conversant Technologies Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09568675
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 30,454 50,148
Tangible Assets 5 25,523 24,679
55,977 74,827
CURRENT ASSETS
Debtors 6 581,115 492,962
Cash at bank and in hand 317,012 455,383
898,127 948,345
Creditors: Amounts Falling Due Within One Year 7 (443,491 ) (380,567 )
NET CURRENT ASSETS (LIABILITIES) 454,636 567,778
TOTAL ASSETS LESS CURRENT LIABILITIES 510,613 642,605
Creditors: Amounts Falling Due After More Than One Year 8 (43,877 ) (74,425 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,850 ) (4,669 )
NET ASSETS 461,886 563,511
CAPITAL AND RESERVES
Called up share capital 9 286 286
Share premium account 374,814 374,814
Profit and Loss Account 86,786 188,411
SHAREHOLDERS' FUNDS 461,886 563,511
Page 1
Page 2
For the year ending 30 April 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 P Copping
Director
25/04/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Conversant Technologies Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09568675 . The registered office is Henstaff Court, Llantrisant Road, Groesfaen, CF72 8NG.
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. Research and Development
Expenditure on research and development is being amortised over 3 years on a straight line basis.
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 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% 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.
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 year 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 asset reflects 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 or deferred tax 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 9)
12 9
4. Intangible Assets
Development Costs
£
Cost
As at 1 May 2023 137,641
Additions 11,355
As at 30 April 2024 148,996
Amortisation
As at 1 May 2023 87,493
Provided during the period 31,049
As at 30 April 2024 118,542
Net Book Value
As at 30 April 2024 30,454
As at 1 May 2023 50,148
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 May 2023 47,687
Additions 7,434
As at 30 April 2024 55,121
Depreciation
As at 1 May 2023 23,008
Provided during the period 6,590
As at 30 April 2024 29,598
Net Book Value
As at 30 April 2024 25,523
As at 1 May 2023 24,679
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 420,847 400,334
Amounts owed by participating interests 1,837 -
Other debtors 158,431 92,628
581,115 492,962
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 266,849 262,148
Bank loans and overdrafts 45,821 58,665
Other creditors 78,169 17,452
Taxation and social security 52,652 42,302
443,491 380,567
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 43,877 74,425
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 286 286
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