Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 05334562 Miss Ellen Williams Miss Rebecca Watkinson Mrs Philipa Buxton Miss Rebeca Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05334562 2024-03-31 05334562 2025-03-31 05334562 2024-04-01 2025-03-31 05334562 frs-core:CurrentFinancialInstruments 2025-03-31 05334562 frs-core:ComputerEquipment 2025-03-31 05334562 frs-core:ComputerEquipment 2024-04-01 2025-03-31 05334562 frs-core:ComputerEquipment 2024-03-31 05334562 frs-core:FurnitureFittings 2025-03-31 05334562 frs-core:FurnitureFittings 2024-04-01 2025-03-31 05334562 frs-core:FurnitureFittings 2024-03-31 05334562 frs-core:WithinOneYear 2025-03-31 05334562 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 05334562 frs-bus:CompanyLimitedByGuarantee 2024-04-01 2025-03-31 05334562 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 05334562 frs-bus:SmallEntities 2024-04-01 2025-03-31 05334562 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05334562 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05334562 frs-core:UnlistedNon-exchangeTraded 2025-03-31 05334562 frs-core:UnlistedNon-exchangeTraded 2024-03-31 05334562 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 05334562 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-03-31 05334562 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 05334562 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 05334562 frs-bus:Director1 2024-04-01 2025-03-31 05334562 frs-bus:Director2 2024-04-01 2025-03-31 05334562 frs-bus:Director3 2024-04-01 2025-03-31 05334562 frs-bus:Director4 2024-04-01 2025-03-31 05334562 frs-countries:EnglandWales 2024-04-01 2025-03-31 05334562 2023-03-31 05334562 2024-03-31 05334562 2023-04-01 2024-03-31 05334562 frs-core:CurrentFinancialInstruments 2024-03-31 05334562 frs-core:WithinOneYear 2024-03-31 05334562 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 05334562
Cyfle Support Services Cyf
Unaudited Financial Statements
For The Year Ended 31 March 2025
EOG Accounting
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 05334562
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,255 6,561
Investments 5 100 100
10,355 6,661
CURRENT ASSETS
Debtors 6 93,629 14,583
Cash at bank and in hand 164,074 151,505
257,703 166,088
Creditors: Amounts Falling Due Within One Year 7 (88,222 ) (56,683 )
NET CURRENT ASSETS (LIABILITIES) 169,481 109,405
TOTAL ASSETS LESS CURRENT LIABILITIES 179,836 116,066
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,676 ) (914 )
NET ASSETS 178,160 115,152
Income Statement 178,160 115,152
MEMBERS' FUNDS 178,160 115,152
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For the year ending 31 March 2025 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 Income Statement.
On behalf of the board
Miss Rebecca Watkinson
Director
14 May 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
Cyfle Support Services Cyf is a private company, limited by guarantee, incorporated in England & Wales, registered number 05334562 . The registered office is 31a Penlan Street, Pwllheli, Gwynedd, LL53 5DE.
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 25% Reducing Balance
Computer Equipment 5 Year 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 surplus for the year. Taxable surplus differs from surplus 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 surplus. 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 surplus 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 surplus 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 surplus or deficit 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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2.5. Government Grant
Government grants are recognised in the income and expenditure 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 income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure 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 income and expenditure account over the useful life of the asset concerned.
All grants in the income and expenditure 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: 28 (2024: 25)
28 25
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 11,653 1,482 13,135
Additions 1,329 4,527 5,856
As at 31 March 2025 12,982 6,009 18,991
Depreciation
As at 1 April 2024 6,410 164 6,574
Provided during the period 1,482 680 2,162
As at 31 March 2025 7,892 844 8,736
Net Book Value
As at 31 March 2025 5,090 5,165 10,255
As at 1 April 2024 5,243 1,318 6,561
5. Investments
Unlisted
£
Cost
As at 1 April 2024 100
As at 31 March 2025 100
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 100
As at 1 April 2024 100
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 86,996 8,771
Other debtors 6,633 5,812
93,629 14,583
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 2,480 2,097
Other creditors 50,145 36,180
Taxation and social security 35,597 18,406
88,222 56,683
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 737 -
737 -
9. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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