Acorah Software Products - Accounts Production 16.3.350 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 07648769 Edwin Mensah iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07648769 2023-05-31 07648769 2024-05-31 07648769 2023-06-01 2024-05-31 07648769 frs-core:CurrentFinancialInstruments 2024-05-31 07648769 frs-core:ComputerEquipment 2024-05-31 07648769 frs-core:ComputerEquipment 2023-06-01 2024-05-31 07648769 frs-core:ComputerEquipment 2023-05-31 07648769 frs-core:FurnitureFittings 2024-05-31 07648769 frs-core:FurnitureFittings 2023-06-01 2024-05-31 07648769 frs-core:FurnitureFittings 2023-05-31 07648769 frs-core:PlantMachinery 2024-05-31 07648769 frs-core:PlantMachinery 2023-06-01 2024-05-31 07648769 frs-core:PlantMachinery 2023-05-31 07648769 frs-core:SharePremium 2024-05-31 07648769 frs-core:ShareCapital 2024-05-31 07648769 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 07648769 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07648769 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 07648769 frs-bus:SmallEntities 2023-06-01 2024-05-31 07648769 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07648769 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07648769 frs-bus:OrdinaryShareClass1 2023-06-01 2024-05-31 07648769 frs-bus:OrdinaryShareClass1 2024-05-31 07648769 frs-core:ListedExchangeTraded 2024-05-31 07648769 frs-core:ListedExchangeTraded 2023-05-31 07648769 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-05-31 07648769 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-05-31 07648769 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-05-31 07648769 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-05-31 07648769 frs-bus:Director1 2023-06-01 2024-05-31 07648769 frs-bus:Director1 2023-05-31 07648769 frs-bus:Director1 2024-05-31 07648769 frs-countries:EnglandWales 2023-06-01 2024-05-31 07648769 2022-05-31 07648769 2023-05-31 07648769 2022-06-01 2023-05-31 07648769 frs-core:CurrentFinancialInstruments 2023-05-31 07648769 frs-core:SharePremium 2023-05-31 07648769 frs-core:ShareCapital 2023-05-31 07648769 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 07648769 frs-bus:OrdinaryShareClass1 2022-06-01 2023-05-31
Registered number: 07648769
Give Me Tap Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Annette Ferguson Scotland Ltd
28 Kittlegairy Crescent
Peebles
EH45 9NJ
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director Edwin Mensah
Company Number 07648769
Registered Office 12 Clarendon Road
Edmonton
London
N18 2AJ
Accountants Annette Ferguson Scotland Ltd
ICAS
28 Kittlegairy Crescent
Peebles
EH45 9NJ
Page 1
Page 2
Balance Sheet
Registered number: 07648769
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,133 2,844
Investments 5 9,615 9,615
11,748 12,459
CURRENT ASSETS
Stocks 6 17,751 21,357
Debtors 7 53,896 435,529
Cash at bank and in hand 261,863 78,163
333,510 535,049
Creditors: Amounts Falling Due Within One Year 8 (336,960 ) (386,215 )
NET CURRENT ASSETS (LIABILITIES) (3,450 ) 148,834
TOTAL ASSETS LESS CURRENT LIABILITIES 8,298 161,293
NET ASSETS 8,298 161,293
CAPITAL AND RESERVES
Called up share capital 9 1 1
Share premium account 93,496 -
Profit and Loss Account (85,199 ) 161,292
SHAREHOLDERS' FUNDS 8,298 161,293
Page 2
Page 3
For the year ending 31 May 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 his 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
Edwin Mensah
Director
30/05/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Give Me Tap Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07648769 . The registered office is 12 Clarendon Road, Edmonton, London, N18 2AJ.
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.
Presentation Currency
The accounts are presented in £ sterling.
2.2. Turnover
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:
Plant & Machinery 25% RB
Fixtures & Fittings 25% RB
Computer Equipment 25% RB
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
Page 4
Page 5
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 3,111 1,244 6,686 11,041
As at 31 May 2024 3,111 1,244 6,686 11,041
Depreciation
As at 1 June 2023 3,111 1,244 3,842 8,197
Provided during the period - - 711 711
As at 31 May 2024 3,111 1,244 4,553 8,908
Net Book Value
As at 31 May 2024 - - 2,133 2,133
As at 1 June 2023 - - 2,844 2,844
5. Investments
Listed
£
Cost
As at 1 June 2023 9,615
As at 31 May 2024 9,615
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 9,615
As at 1 June 2023 9,615
6. Stocks
2024 2023
£ £
Stock 17,751 21,357
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 618 35,164
Prepayments and accrued income - 354,030
Other debtors 14,715 -
Director's loan account 38,563 46,335
53,896 435,529
Page 5
Page 6
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 83,023 20,889
Bank loans and overdrafts 27,001 30,739
Other loans - (1,700 )
Corporation tax 17,926 52,101
Other taxes and social security 4,580 -
VAT 57,249 43,509
Accruals and deferred income 147,181 147,181
Amounts owed to group undertakings - 93,496
336,960 386,215
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Edwin Mensah 46,335 49,858 57,631 - 38,562
The above loan is unsecured, interest free and repayable on demand.
Page 6