Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 3 August 2022 false 1 September 2023 31 August 2024 31 August 2024 14273128 Miss L Maskell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14273128 2023-08-31 14273128 2024-08-31 14273128 2023-09-01 2024-08-31 14273128 frs-core:CurrentFinancialInstruments 2024-08-31 14273128 frs-core:NetGoodwill 2024-08-31 14273128 frs-core:NetGoodwill 2023-09-01 2024-08-31 14273128 frs-core:NetGoodwill 2023-08-31 14273128 frs-core:PlantMachinery 2024-08-31 14273128 frs-core:PlantMachinery 2023-09-01 2024-08-31 14273128 frs-core:PlantMachinery 2023-08-31 14273128 frs-core:ShareCapital 2024-08-31 14273128 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 14273128 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 14273128 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 14273128 frs-bus:SmallEntities 2023-09-01 2024-08-31 14273128 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 14273128 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 14273128 frs-core:AcceleratedTaxDepreciationDeferredTax 2024-08-31 14273128 frs-bus:Director1 2023-09-01 2024-08-31 14273128 frs-countries:EnglandWales 2023-09-01 2024-08-31 14273128 2022-08-02 14273128 2023-08-31 14273128 2022-08-03 2023-08-31 14273128 frs-core:CurrentFinancialInstruments 2023-08-31 14273128 frs-core:ShareCapital 2023-08-31 14273128 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 14273128
Adhd Works Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14273128
31 August 2024 31 August 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 9,600 10,800
Tangible Assets 5 3,166 -
12,766 10,800
CURRENT ASSETS
Debtors 6 102,811 41,390
Cash at bank and in hand 434,410 262,225
537,221 303,615
Creditors: Amounts Falling Due Within One Year 7 (440,305 ) (257,495 )
NET CURRENT ASSETS (LIABILITIES) 96,916 46,120
TOTAL ASSETS LESS CURRENT LIABILITIES 109,682 56,920
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (792 ) -
NET ASSETS 108,890 56,920
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 108,889 56,919
SHAREHOLDERS' FUNDS 108,890 56,920
Page 1
Page 2
For the year ending 31 August 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 her 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 L Maskell
Director
24/02/2025
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
Adhd Works Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14273128 . The registered office is Ferneberga House, Alexandra Road, Farnborough, Hampshire, GU4 6DQ.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
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% straight line
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 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.
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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 12,000
As at 31 August 2024 12,000
Amortisation
As at 1 September 2023 1,200
Provided during the period 1,200
As at 31 August 2024 2,400
Net Book Value
As at 31 August 2024 9,600
As at 1 September 2023 10,800
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 September 2023 -
Additions 4,221
As at 31 August 2024 4,221
Depreciation
As at 1 September 2023 -
Provided during the period 1,055
As at 31 August 2024 1,055
Net Book Value
As at 31 August 2024 3,166
As at 1 September 2023 -
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Page 5
6. Debtors
31 August 2024 31 August 2023
£ £
Due within one year
Trade debtors 84,299 88,266
Other debtors 18,512 (46,876)
102,811 41,390
7. Creditors: Amounts Falling Due Within One Year
31 August 2024 31 August 2023
£ £
Trade creditors 8,264 5,100
Other creditors 317,682 174,258
Taxation and social security 114,359 78,137
440,305 257,495
8. Deferred Taxation
The provision for deferred tax is made up as follows:
31 August 2024 31 August 2023
£ £
Accelerated capital allowances 792 -
9. Share Capital
31 August 2024 31 August 2023
£ £
Allotted, Called up and fully paid 1 1
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