Acorah Software Products - Accounts Production 16.2.850 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 12907723 Mr Joseph Ainsworth iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12907723 2023-09-30 12907723 2024-09-30 12907723 2023-10-01 2024-09-30 12907723 frs-core:ComputerEquipment 2023-10-01 2024-09-30 12907723 frs-core:FurnitureFittings 2023-10-01 2024-09-30 12907723 frs-core:ShareCapital 2024-09-30 12907723 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 12907723 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12907723 frs-bus:AbridgedAccounts 2023-10-01 2024-09-30 12907723 frs-bus:SmallEntities 2023-10-01 2024-09-30 12907723 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12907723 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12907723 frs-core:CostValuation 2023-09-30 12907723 frs-core:AdditionsToInvestments 2024-09-30 12907723 frs-core:DisposalsRepaymentsInvestments 2024-09-30 12907723 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-09-30 12907723 frs-core:CostValuation 2024-09-30 12907723 frs-bus:Director1 2023-10-01 2024-09-30 12907723 frs-countries:EnglandWales 2023-10-01 2024-09-30 12907723 2022-09-30 12907723 2023-09-30 12907723 2022-10-01 2023-09-30 12907723 frs-core:ShareCapital 2023-09-30 12907723 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 12907723
Storebuzz Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 September 2024
CAD Accountancy Ltd
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 12907723
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,687 2,051
Investments 5 106,534 54,415
108,221 56,466
CURRENT ASSETS
Debtors 5,710 26,132
Cash at bank and in hand 72,082 69,504
77,792 95,636
Creditors: Amounts Falling Due Within One Year (67,359 ) (45,260 )
NET CURRENT ASSETS (LIABILITIES) 10,433 50,376
TOTAL ASSETS LESS CURRENT LIABILITIES 118,654 106,842
PROVISIONS FOR LIABILITIES
Deferred Taxation (352 ) (423 )
NET ASSETS 118,302 106,419
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 118,301 106,418
SHAREHOLDERS' FUNDS 118,302 106,419
Page 1
Page 2
For the year ending 30 September 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 September 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Joseph Ainsworth
Director
2nd May 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Storebuzz Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12907723 . The registered office is Office 1, The Warehouse, Penryn, Cornwall, TR10 8GZ.
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:
Fixtures & Fittings 20% straight line
Computer Equipment 20% straight line
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: 1 (2023: 1)
1 1
Page 3
Page 4
4. Tangible Assets
Total
£
Cost
As at 1 October 2023 3,936
Additions 529
As at 30 September 2024 4,465
Depreciation
As at 1 October 2023 1,885
Provided during the period 893
As at 30 September 2024 2,778
Net Book Value
As at 30 September 2024 1,687
As at 1 October 2023 2,051
5. Investments
Total
£
Cost
As at 1 October 2023 54,415
Additions 174,674
Disposals (107,679 )
Revaluations (14,876 )
As at 30 September 2024 106,534
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 106,534
As at 1 October 2023 54,415
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4