Acorah Software Products - Accounts Production 16.3.350 false true 30 June 2023 4 November 2022 false 1 July 2023 30 June 2024 30 June 2024 14463594 Mr Gavin Basserabie Mr Garron Lipschitz true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14463594 2023-06-30 14463594 2024-06-30 14463594 2023-07-01 2024-06-30 14463594 frs-core:CurrentFinancialInstruments 2024-06-30 14463594 frs-core:Non-currentFinancialInstruments 2024-06-30 14463594 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 14463594 frs-core:OtherResidualIntangibleAssets 2024-06-30 14463594 frs-core:OtherResidualIntangibleAssets 2023-07-01 2024-06-30 14463594 frs-core:OtherResidualIntangibleAssets 2023-06-30 14463594 frs-core:ShareCapital 2024-06-30 14463594 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 14463594 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14463594 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 14463594 frs-bus:SmallEntities 2023-07-01 2024-06-30 14463594 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 14463594 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 14463594 1 2023-07-01 2024-06-30 14463594 frs-bus:Director1 2023-07-01 2024-06-30 14463594 frs-bus:Director2 2023-07-01 2024-06-30 14463594 frs-countries:EnglandWales 2023-07-01 2024-06-30 14463594 frs-countries:Australia 2023-07-01 2024-06-30 14463594 2022-11-03 14463594 2023-06-30 14463594 2022-11-04 2023-06-30 14463594 frs-core:CurrentFinancialInstruments 2023-06-30 14463594 frs-core:Non-currentFinancialInstruments 2023-06-30 14463594 frs-core:ShareCapital 2023-06-30 14463594 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 14463594
Confidence Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Paul Beare Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14463594
30 June 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,536 5,081
4,536 5,081
CURRENT ASSETS
Stocks 5 164,342 59,207
Debtors 6 41,544 4,130
Cash at bank and in hand 36,437 10,603
242,323 73,940
Creditors: Amounts Falling Due Within One Year 7 (179,536 ) (14,892 )
NET CURRENT ASSETS (LIABILITIES) 62,787 59,048
TOTAL ASSETS LESS CURRENT LIABILITIES 67,323 64,129
Creditors: Amounts Falling Due After More Than One Year 8 (349,461 ) (73,289 )
NET LIABILITIES (282,138 ) (9,160 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (282,238 ) (9,260 )
SHAREHOLDERS' FUNDS (282,138) (9,160)
Page 1
Page 2
For the year ending 30 June 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 Profit and Loss Account.
On behalf of the board
Mr Gavin Basserabie
Director
03/06/2025
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
Confidence Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14463594 . The registered office is 49 Greek Street, London, W1D 4EG.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets consist of initial business set up costs. It is amortised to profit and loss account over its estimated economic life.
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: NIL (2023: NIL)
- -
4. Intangible Assets
Other
£
Cost
As at 1 July 2023 5,453
As at 30 June 2024 5,453
Amortisation
As at 1 July 2023 372
Provided during the period 545
As at 30 June 2024 917
Net Book Value
As at 30 June 2024 4,536
As at 1 July 2023 5,081
Page 3
Page 4
5. Stocks
30 June 2024 30 June 2023
£ £
Finished goods 164,342 54,190
Payments on account - 5,017
164,342 59,207
6. Debtors
30 June 2024 30 June 2023
£ £
Due within one year
Trade debtors 34,168 1,469
Other debtors - 2,661
34,168 4,130
Due after more than one year
Amounts owed by group undertakings 7,376 -
41,544 4,130
7. Creditors: Amounts Falling Due Within One Year
30 June 2024 30 June 2023
£ £
Trade creditors 141,612 13,027
Other creditors 5,288 1,865
Taxation and social security 32,636 -
179,536 14,892
8. Creditors: Amounts Falling Due After More Than One Year
30 June 2024 30 June 2023
£ £
Amounts owed to group undertakings 349,461 73,289
9. Share Capital
30 June 2024 30 June 2023
£ £
Allotted, Called up and fully paid 100 100
10. Controlling Parties
The company's immediate parent undertaking is Invizi Holdings PTY LTD .
The ultimate parent undertaking is (incorporated in Australia). Its registered office is Unit 1101, 7 Black Lion Place, Kensington, NSW, Australia, 2033. .
Page 4