Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 07878046 Mr C M Paton Mrs A J Paton Mrs A J Paton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07878046 2023-12-31 07878046 2024-12-31 07878046 2024-01-01 2024-12-31 07878046 frs-core:CurrentFinancialInstruments 2024-12-31 07878046 frs-core:Non-currentFinancialInstruments 2024-12-31 07878046 frs-core:ComputerEquipment 2024-12-31 07878046 frs-core:ComputerEquipment 2024-01-01 2024-12-31 07878046 frs-core:ComputerEquipment 2023-12-31 07878046 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 07878046 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 07878046 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 07878046 frs-core:FurnitureFittings 2024-12-31 07878046 frs-core:FurnitureFittings 2024-01-01 2024-12-31 07878046 frs-core:FurnitureFittings 2023-12-31 07878046 frs-core:OtherResidualIntangibleAssets 2024-12-31 07878046 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 07878046 frs-core:OtherResidualIntangibleAssets 2023-12-31 07878046 frs-core:ShareCapital 2024-12-31 07878046 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07878046 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07878046 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07878046 frs-bus:SmallEntities 2024-01-01 2024-12-31 07878046 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07878046 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07878046 frs-bus:Director1 2024-01-01 2024-12-31 07878046 frs-bus:Director2 2024-01-01 2024-12-31 07878046 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 07878046 frs-countries:EnglandWales 2024-01-01 2024-12-31 07878046 2022-12-31 07878046 2023-12-31 07878046 2023-01-01 2023-12-31 07878046 frs-core:CurrentFinancialInstruments 2023-12-31 07878046 frs-core:Non-currentFinancialInstruments 2023-12-31 07878046 frs-core:ShareCapital 2023-12-31 07878046 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 07878046
Quirk Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 07878046
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 118,631 62,786
Tangible Assets 5 6,673 9,112
125,304 71,898
CURRENT ASSETS
Debtors 6 130,427 265,603
Cash at bank and in hand 52,322 103,948
182,749 369,551
Creditors: Amounts Falling Due Within One Year 7 (72,609 ) (158,434 )
NET CURRENT ASSETS (LIABILITIES) 110,140 211,117
TOTAL ASSETS LESS CURRENT LIABILITIES 235,444 283,015
Creditors: Amounts Falling Due After More Than One Year 8 (10,000 ) (20,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,668 ) (2,278 )
NET ASSETS 223,776 260,737
CAPITAL AND RESERVES
Called up share capital 9 400 400
Profit and Loss Account 223,376 260,337
SHAREHOLDERS' FUNDS 223,776 260,737
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 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 C M Paton
Director
Mrs A J Paton
Director
5 May 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Quirk Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07878046 . The registered office is Hillside Farm, Tutwell, Callington, Cornwall, PL17 8LU.
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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts. 
The company recognises revene when:
The amount of revenue can be reliably measured;
is it probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities. 
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Seperately acquired trademarks and licenses are shown at historical cost.
Trademarks, licenses (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.
Trademarks, licenses and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairement losses. 
Amortisation
Amortisation is provided on intangible assets as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class
Amortisation method and rate
Trademarks 
10% straight line
Development costs
10% straight line
2.4. Research and Development
Research and development expenditure on clearly defined projects whose outcome can be assessed with reasonable certainty is capitalised. Amortisation begins oce the initial development phase is complete and sales of the related products commence. Amortisation is charged at 10% straight line, with the expectation that all costs are amortised over the lesser of the life of the project or 10 years. 
2.5. 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 20% straight line
Office Equipment 25% reducing balance
2.6. Financial Instruments
Classification
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for
those financial assets classified as at fair value through profit or loss, which are initially measured at fair value
(which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing
transaction. If an arrangement constitutes a finance transaction, the financial asset or financial liability is measured
at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the balance sheet when, and only when there exists a legally
enforceable right to set off the recognised amounts and the limited liability partnership intends either to settle on a
net basis, or to realise the asset and settle the liability simultaneously.
...CONTINUED
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2.6. Financial Instruments - continued
Recognition and measurement
Debt instruments which meet the following conditions are subsequently measured at amortised cost using the
effective interest method:
(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or
(iii) a combination of a positive or a negative fixed rate and a positive variable rate.
(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to
a single relevant observable index of general price inflation of the currency in which the debt instrument is
denominated, provided such links are not leveraged.
(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument,
provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1)
a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes
in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market
rate of interest and satisfies condition (a).
(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any
interest attributable to the current period or prior periods.
(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the
issuer before maturity are not contingent on future events, other than to protect the holder against the credit
deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in
levies applied by a central bank or arising from changes in relevant taxation or law.
(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to
the holder and any other contractual provisions applicable during the extended term satisfy the conditions of
paragraphs (a) to (c).
Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet
the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid
or received, net of impairment.
With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured
at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which
may be nil) less impairment.
Impairment
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial
asset expire or are settled, b) the limited liability partnership transfers to another party substantially all of the risks
and rewards of ownership of the financial asset, or c) the limited liability partnership, despite having retained some
significant risks and rewards of ownership, has transferred control of the asset to another party and the other party
has the practical ability to sell the asset in its entirety to an unrelated third party and is able to exercise that ability
unilaterally and without needing to impose additional restrictions on the transfer.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or
expires.
Derivative financial instruments and hedging
Derivatives
The limited liability partnership uses derivative financial instruments to reduce exposure to foreign exchange risk
and interest rate movements. The limited liability partnership does not hold or issue derivative financial instruments
for speculative purposes.
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently
remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in profit or loss
immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of
the recognition in profit or loss depends on the nature of the hedge relationship.
Hedging
The limited liability partnership designates certain derivatives as hedging instruments in respect of variable interest
rate risk of the cash flows associated with recognised debt instruments measured at amortised cost and in respect of
foreign exchange risk in firm commitments and highly probable forecast transactions.
At the inception of the hedge relationship, the entity documents the relationship between the hedging instrument and
the hedged item, along with the clear identification of the risk in the hedged item that is being hedged by the
hedging instrument. Furthermore, at the inception of the hedge and on an ongoing basis, the limited liability
partnership assesses whether the hedging instrument is highly effective in offsetting the designated hedged risk.
...CONTINUED
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2.6. Financial Instruments - continued
The effective portion of changes in the fair value of the designated hedging instrument is recognised in other
comprehensive income. The gain or loss relating to the ineffective portion is recognised immediately in profit or
loss. Amounts previously recognised in other comprehensive income and accumulated in equity are reclassified to
profit or loss in the periods in which the hedged item affects profit or loss or when the hedging relationship ends.
Hedge accounting is discontinued when the limited liability partnership revokes the hedging relationship, the
hedging instrument expires or is sold, terminated, or exercised, or no longer qualifies for hedge accounting. Any
gain or loss accumulated in equity at that time is reclassified to profit or loss when the hedged item is recognised in
profit or loss. When a forecast transaction is no longer expected to occu.
Current versus non-current classification
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are
publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair
value cannot be measured reliably, investments are measured at cost less impairment.
In the limited liability partnership balance sheet, investments in subsidiaries and associates are measured at cost less
impairment.
2.7. Taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a
change attributable to an item of income or expense recognised as other comprehensive income is also recognised
directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or
substantively enacted by the reporting date in the countries where the company operates and generates taxable
income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the
financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered
against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the
reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent
accumulated impairment losses.
The cost of
2.8. Pensions
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relting to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised, as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. 
2.9. Debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Debtors are recognised initially at the transaction price. They are subsequently remeasured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairement of debtors is established where there is objective evidence that the company will not be able to collect all amounts due.
2.10. Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting date, to defer settlement of the creditor for at least twelve months after the reporting date. If the company does have an unconditional right, at the end of the reporting date, to defer settlement of the creditor for at least twelve months after the reporting date, they are presented as non-current liabilities. 
Creditors are recognised initally at the transactions price and subsequently measured at amortised cost using the effective interest method. 
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2.11. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings
are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the
amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant
borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and
similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of
the liability for at least twelve months after the reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 8)
7 8
4. Intangible Assets
Other Development Costs Total
£ £ £
Cost
As at 1 January 2024 1,800 88,229 90,029
Additions - 72,053 72,053
As at 31 December 2024 1,800 160,282 162,082
Amortisation
As at 1 January 2024 1,260 25,983 27,243
Provided during the period 180 16,028 16,208
As at 31 December 2024 1,440 42,011 43,451
Net Book Value
As at 31 December 2024 360 118,271 118,631
As at 1 January 2024 540 62,246 62,786
5. Tangible Assets
Computer Equipment Office Equipment Total
£ £ £
Cost
As at 1 January 2024 13,500 1,882 15,382
Additions - 666 666
As at 31 December 2024 13,500 2,548 16,048
Depreciation
As at 1 January 2024 5,400 870 6,270
Provided during the period 2,700 405 3,105
As at 31 December 2024 8,100 1,275 9,375
Net Book Value
As at 31 December 2024 5,400 1,273 6,673
As at 1 January 2024 8,100 1,012 9,112
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 112,260 255,559
Prepayments and accrued income 18,167 777
VAT - 9,267
130,427 265,603
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,809 74,064
Bank loans and overdrafts 10,000 10,000
Amounts owed to participating interests 24,791 17,465
Other creditors 2,788 7,337
Taxation and social security 24,221 49,568
72,609 158,434
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,000 20,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 400 400
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