Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 08673406 Mrs Sarah Williams true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08673406 2023-09-30 08673406 2024-09-30 08673406 2023-10-01 2024-09-30 08673406 frs-core:CurrentFinancialInstruments 2024-09-30 08673406 frs-core:Non-currentFinancialInstruments 2024-09-30 08673406 frs-core:ComputerEquipment 2024-09-30 08673406 frs-core:ComputerEquipment 2023-10-01 2024-09-30 08673406 frs-core:ComputerEquipment 2023-09-30 08673406 frs-core:FurnitureFittings 2024-09-30 08673406 frs-core:FurnitureFittings 2023-10-01 2024-09-30 08673406 frs-core:FurnitureFittings 2023-09-30 08673406 frs-core:NetGoodwill 2024-09-30 08673406 frs-core:NetGoodwill 2023-10-01 2024-09-30 08673406 frs-core:NetGoodwill 2023-09-30 08673406 frs-core:ShareCapital 2024-09-30 08673406 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 08673406 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08673406 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 08673406 frs-bus:SmallEntities 2023-10-01 2024-09-30 08673406 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08673406 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 08673406 1 2023-10-01 2024-09-30 08673406 frs-bus:Director1 2023-10-01 2024-09-30 08673406 frs-core:CurrentFinancialInstruments 2 2024-09-30 08673406 frs-core:CurrentFinancialInstruments 9 2024-09-30 08673406 frs-countries:EnglandWales 2023-10-01 2024-09-30 08673406 2022-09-30 08673406 2023-09-30 08673406 2022-10-01 2023-09-30 08673406 frs-core:CurrentFinancialInstruments 2023-09-30 08673406 frs-core:Non-currentFinancialInstruments 2023-09-30 08673406 frs-core:ShareCapital 2023-09-30 08673406 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 08673406 frs-core:CurrentFinancialInstruments 2 2023-09-30 08673406 frs-core:CurrentFinancialInstruments 9 2023-09-30
Registered number: 08673406
Freya Accounts Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Freya Accounts Ltd
Holbrook House, 32 Oakley Lane
Oakley
Basingstoke
Hampshire
RG23 7JY
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 08673406
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 6,379 4,953
6,379 4,953
CURRENT ASSETS
Debtors 6 29,215 34,009
Cash at bank and in hand 80,070 64,914
109,285 98,923
Creditors: Amounts Falling Due Within One Year 7 (32,916 ) (36,675 )
NET CURRENT ASSETS (LIABILITIES) 76,369 62,248
TOTAL ASSETS LESS CURRENT LIABILITIES 82,748 67,201
NET ASSETS 82,748 67,201
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 82,738 67,191
SHAREHOLDERS' FUNDS 82,748 67,201
For the year ending 30 September 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
Mrs Sarah Williams
Director
1st June 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Freya Accounts Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08673406 . The registered office is 21 Meon Road, Oakley, Basingstoke, Hampshire, RG23 7AL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 25% Reducing Balance
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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year wa:.
2024 2023
Office and administration 5 5
5 5
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Page 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 10,000
As at 30 September 2024 10,000
Amortisation
As at 1 October 2023 10,000
As at 30 September 2024 10,000
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 October 2023 4,079 7,000 11,079
Additions - 3,401 3,401
Disposals - (2,349 ) (2,349 )
As at 30 September 2024 4,079 8,052 12,131
Depreciation
As at 1 October 2023 1,722 4,404 6,126
Provided during the period 589 996 1,585
Disposals - (1,959 ) (1,959 )
As at 30 September 2024 2,311 3,441 5,752
Net Book Value
As at 30 September 2024 1,768 4,611 6,379
As at 1 October 2023 2,357 2,596 4,953
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 25,399 31,309
Prepayments and accrued income 2,160 2,170
Other debtors (2) 1,156 -
Other taxes and social security - 30
28,715 33,509
Due after more than one year
Deposit Paid 500 500
29,215 34,009
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Page 4
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 259 498
Corporation tax 16,862 14,336
Other taxes and social security 425 -
VAT 13,378 13,084
Other creditors 958 1,212
Pension Liability 548 7,348
Director's loan account 481 192
Amounts owed to associates 5 5
32,916 36,675
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
9. Directors Advances, Credits and Guarantees
Dividends paid to directors
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 46,800 49,300
11. Ultimate Controlling Party
The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.
Page 4