Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 11519074 Mrs Maxine Mottershead Mr Anthony Mottershead iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11519074 2023-08-31 11519074 2024-08-31 11519074 2023-09-01 2024-08-31 11519074 frs-core:CurrentFinancialInstruments 2024-08-31 11519074 frs-core:Non-currentFinancialInstruments 2024-08-31 11519074 frs-core:ComputerEquipment 2024-08-31 11519074 frs-core:ComputerEquipment 2023-09-01 2024-08-31 11519074 frs-core:ComputerEquipment 2023-08-31 11519074 frs-core:FurnitureFittings 2024-08-31 11519074 frs-core:FurnitureFittings 2023-09-01 2024-08-31 11519074 frs-core:FurnitureFittings 2023-08-31 11519074 frs-core:ShareCapital 2024-08-31 11519074 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 11519074 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11519074 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 11519074 frs-bus:SmallEntities 2023-09-01 2024-08-31 11519074 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 11519074 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 11519074 frs-bus:Director1 2023-09-01 2024-08-31 11519074 frs-bus:Director2 2023-09-01 2024-08-31 11519074 frs-countries:EnglandWales 2023-09-01 2024-08-31 11519074 2022-08-31 11519074 2023-08-31 11519074 2022-09-01 2023-08-31 11519074 frs-core:CurrentFinancialInstruments 2023-08-31 11519074 frs-core:Non-currentFinancialInstruments 2023-08-31 11519074 frs-core:ShareCapital 2023-08-31 11519074 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 11519074
Licensing Works Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
TaxAssist Accountants
TaxAssist Accountants
1 Sundorne Avenue
Shrewsbury
Shropshire
SY1 4JW
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 11519074
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,143 1,424
1,143 1,424
CURRENT ASSETS
Debtors 5 54,492 40,920
Cash at bank and in hand 206,793 226,854
261,285 267,774
Creditors: Amounts Falling Due Within One Year 6 (20,537 ) (31,995 )
NET CURRENT ASSETS (LIABILITIES) 240,748 235,779
TOTAL ASSETS LESS CURRENT LIABILITIES 241,891 237,203
Creditors: Amounts Falling Due After More Than One Year 7 (14,163 ) (17,808 )
NET ASSETS 227,728 219,395
CAPITAL AND RESERVES
Called up share capital 8 11 11
Income Statement 227,717 219,384
SHAREHOLDERS' FUNDS 227,728 219,395
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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 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
Mr Anthony Mottershead
Director
17th April 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Licensing Works Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11519074 . The registered office is The Granary Wood Farm, Caynton, Newport, Shropshire, TF10 8NF.
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.
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 33% 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 statement of financial position 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.
2.5. 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.
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: 2 (2023: 2)
2 2
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 2,368 - 2,368
Additions - 287 287
As at 31 August 2024 2,368 287 2,655
Depreciation
As at 1 September 2023 944 - 944
Provided during the period 473 95 568
As at 31 August 2024 1,417 95 1,512
Net Book Value
As at 31 August 2024 951 192 1,143
As at 1 September 2023 1,424 - 1,424
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 53,955 40,440
Prepayments and accrued income 537 480
54,492 40,920
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 93 -
Corporation tax 12,469 24,115
VAT 7,975 6,490
Accruals - 1,390
20,537 31,995
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 14,163 17,808
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 11 11
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