Acorah Software Products - Accounts Production 16.3.350 false true 28 February 2023 1 January 2022 false 1 March 2023 29 February 2024 29 February 2024 11117182 Miss J A Newsome Miss J Zheng iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11117182 2023-02-28 11117182 2024-02-29 11117182 2023-03-01 2024-02-29 11117182 frs-core:CurrentFinancialInstruments 2024-02-29 11117182 frs-core:BetweenOneFiveYears 2024-02-29 11117182 frs-core:ComputerEquipment 2024-02-29 11117182 frs-core:ComputerEquipment 2023-03-01 2024-02-29 11117182 frs-core:ComputerEquipment 2023-02-28 11117182 frs-core:FurnitureFittings 2024-02-29 11117182 frs-core:FurnitureFittings 2023-03-01 2024-02-29 11117182 frs-core:FurnitureFittings 2023-02-28 11117182 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-29 11117182 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-29 11117182 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 11117182 frs-core:MoreThanFiveYears 2024-02-29 11117182 frs-core:WithinOneYear 2024-02-29 11117182 frs-core:ShareCapital 2024-02-29 11117182 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11117182 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11117182 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 11117182 frs-bus:SmallEntities 2023-03-01 2024-02-29 11117182 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11117182 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11117182 frs-bus:Director1 2023-03-01 2024-02-29 11117182 frs-bus:Director2 2023-03-01 2024-02-29 11117182 frs-countries:EnglandWales 2023-03-01 2024-02-29 11117182 2021-12-31 11117182 2023-02-28 11117182 2022-01-01 2023-02-28 11117182 frs-core:CurrentFinancialInstruments 2023-02-28 11117182 frs-core:BetweenOneFiveYears 2023-02-28 11117182 frs-core:MoreThanFiveYears 2023-02-28 11117182 frs-core:WithinOneYear 2023-02-28 11117182 frs-core:ShareCapital 2023-02-28 11117182 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 11117182
Alexander Brown Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Harris & Company (C.A.) Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11117182
29 February 2024 28 February 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,350,771 371,197
1,350,771 371,197
CURRENT ASSETS
Debtors 5 622,703 292,083
Cash at bank and in hand 280,732 -
903,435 292,083
Creditors: Amounts Falling Due Within One Year 6 (1,776,152 ) (643,702 )
NET CURRENT ASSETS (LIABILITIES) (872,717 ) (351,619 )
TOTAL ASSETS LESS CURRENT LIABILITIES 478,054 19,578
NET ASSETS 478,054 19,578
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account 477,054 18,578
SHAREHOLDERS' FUNDS 478,054 19,578
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For the year ending 29 February 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
Miss J A Newsome
Director
30 April 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
Alexander Brown Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11117182 . The registered office is 4-6 Canfield Place, London, NW6 3BT.
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:
Leasehold 20% Straight line
Fixtures & Fittings 20% Straight line
Computer Equipment 33.3% Straight line
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.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 35 (2023: 8)
35 8
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 361,678 53,916 3,954 419,548
Additions 1,239,723 114,469 17,511 1,371,703
As at 29 February 2024 1,601,401 168,385 21,465 1,791,251
Depreciation
As at 1 March 2023 41,355 6,234 762 48,351
Provided during the period 349,755 34,890 7,484 392,129
As at 29 February 2024 391,110 41,124 8,246 440,480
Net Book Value
As at 29 February 2024 1,210,291 127,261 13,219 1,350,771
As at 1 March 2023 320,323 47,682 3,192 371,197
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5. Debtors
29 February 2024 28 February 2023
£ £
Due within one year
Other debtors 622,703 292,083
6. Creditors: Amounts Falling Due Within One Year
29 February 2024 28 February 2023
£ £
Trade creditors 139,468 -
Bank loans and overdrafts 288,603 -
Amounts owed to participating interests 752,605 -
Other creditors 204,571 626,784
Taxation and social security 390,905 16,918
1,776,152 643,702
7. Share Capital
29 February 2024 28 February 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
29 February 2024 28 February 2023
£ £
Not later than one year 996,500 295,000
Later than one year and not later than five years 2,468,000 1,180,000
Later than five years 1,768,950 1,232,083
5,233,450 2,707,083
9. Related Party Transactions
During the year the Company purchased goods and repairs of £1,502,368 (2023: £163,248 ) from Browns 1934 Limited.
At the balance sheet date £752,605 was due to Browns 1934 Limited (2023: £614,865). The balance is unsecured, interest free and has no fixed repayment terms.
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