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 05353861 Mr Jared Uwins Mrs Susan Uwins Mr Jared Uwins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05353861 2023-09-30 05353861 2024-09-30 05353861 2023-10-01 2024-09-30 05353861 frs-core:CurrentFinancialInstruments 2024-09-30 05353861 frs-core:ComputerEquipment 2024-09-30 05353861 frs-core:ComputerEquipment 2023-10-01 2024-09-30 05353861 frs-core:ComputerEquipment 2023-09-30 05353861 frs-core:NetGoodwill 2024-09-30 05353861 frs-core:NetGoodwill 2023-10-01 2024-09-30 05353861 frs-core:NetGoodwill 2023-09-30 05353861 frs-core:PlantMachinery 2024-09-30 05353861 frs-core:PlantMachinery 2023-10-01 2024-09-30 05353861 frs-core:PlantMachinery 2023-09-30 05353861 frs-core:ShareCapital 2024-09-30 05353861 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 05353861 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05353861 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 05353861 frs-bus:SmallEntities 2023-10-01 2024-09-30 05353861 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05353861 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05353861 frs-core:UnlistedNon-exchangeTraded 2024-09-30 05353861 frs-core:UnlistedNon-exchangeTraded 2023-09-30 05353861 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-09-30 05353861 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-09-30 05353861 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-09-30 05353861 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-09-30 05353861 frs-bus:Director1 2023-10-01 2024-09-30 05353861 frs-bus:Director2 2023-10-01 2024-09-30 05353861 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 05353861 frs-core:CurrentFinancialInstruments 1 2024-09-30 05353861 frs-core:CurrentFinancialInstruments 2 2024-09-30 05353861 frs-core:CurrentFinancialInstruments 3 2024-09-30 05353861 frs-countries:EnglandWales 2023-10-01 2024-09-30 05353861 2022-09-30 05353861 2023-09-30 05353861 2022-10-01 2023-09-30 05353861 frs-core:CurrentFinancialInstruments 2023-09-30 05353861 frs-core:ShareCapital 2023-09-30 05353861 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 05353861 frs-core:CurrentFinancialInstruments 1 2023-09-30 05353861 frs-core:CurrentFinancialInstruments 2 2023-09-30 05353861 frs-core:CurrentFinancialInstruments 3 2023-09-30
Registered number: 05353861
Xtracare Ltd
Financial Statements
For The Year Ended 30 September 2024
Adams & Moore Ltd
Adams & Moore House
Instone Road
Dartford
DA1 2AG
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05353861
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 750 2,250
Tangible Assets 4 14,383 18,835
Investments 5 10,000 10,000
25,133 31,085
CURRENT ASSETS
Stocks 6 220 220
Debtors 7 123,055 29,553
Cash at bank and in hand 98,339 174,921
221,614 204,694
Creditors: Amounts Falling Due Within One Year 8 (145,071 ) (144,747 )
NET CURRENT ASSETS (LIABILITIES) 76,543 59,947
TOTAL ASSETS LESS CURRENT LIABILITIES 101,676 91,032
NET ASSETS 101,676 91,032
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 100,676 90,032
SHAREHOLDERS' FUNDS 101,676 91,032
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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 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 Jared Uwins
Director
04/06/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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 January 2015).
1.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3. 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 20 years.
1.4. 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:
Plant & Machinery 25% on reducing balance
Computer Equipment 25% on reducing balance
1.5. 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.
1.6. 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as 30 (2023: 24)
30 24
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3. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 30,000
As at 30 September 2024 30,000
Amortisation
As at 1 October 2023 27,750
Provided during the period 1,500
As at 30 September 2024 29,250
Net Book Value
As at 30 September 2024 750
As at 1 October 2023 2,250
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 October 2023 73,622 11,466 85,088
Additions 600 - 600
As at 30 September 2024 74,222 11,466 85,688
Depreciation
As at 1 October 2023 56,917 9,336 66,253
Provided during the period 4,519 533 5,052
As at 30 September 2024 61,436 9,869 71,305
Net Book Value
As at 30 September 2024 12,786 1,597 14,383
As at 1 October 2023 16,705 2,130 18,835
5. Investments
Unlisted
£
Cost
As at 1 October 2023 10,000
As at 30 September 2024 10,000
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 10,000
As at 1 October 2023 10,000
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6. Stocks
2024 2023
£ £
Finished goods 220 220
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10,078 6,277
Other debtors 22,196 22,683
Prepayment 781 593
Intercompany - Xtracare properties ltd 90,000 -
123,055 29,553
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,527 18,739
Corporation tax 51,143 40,637
Other taxes and social security 31,630 37,242
Commercial Card 517 117
Pension 3,392 2,974
Other creditors - staff loan 9,028 3,998
Accruals and deferred income 6,864 6,240
Directors' loan accounts 31,970 34,800
145,071 144,747
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Contingent Liabilities
The company is a member of A.D. R&D LLP and is liable to contribute to the assets of the LLP in the event of the winding-up before 1st October 2023. The maximum liability in relation to this undertaking is £61,001. The company does not believe that a winding-up of the LLP is probable and has not made provision for the liability at 30 September 2024.
11. General Information
Xtracare Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05353861 . The registered office is Adams & Moore House, Instone Road, Dartford, DA1 2AG.
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