Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 10726623 Steven Prime John Dalziel Gloria Colling Paul Jones Richard Easter Joanne Truslove John Barrett Nicola Demagalski Lisa Hofen Joanne Glover iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10726623 2024-03-31 10726623 2025-03-31 10726623 2024-04-01 2025-03-31 10726623 frs-core:CurrentFinancialInstruments 2025-03-31 10726623 frs-core:ComputerEquipment 2025-03-31 10726623 frs-core:ComputerEquipment 2024-04-01 2025-03-31 10726623 frs-core:ComputerEquipment 2024-03-31 10726623 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 10726623 frs-core:FurnitureFittings 2025-03-31 10726623 frs-core:FurnitureFittings 2024-04-01 2025-03-31 10726623 frs-core:FurnitureFittings 2024-03-31 10726623 frs-core:OtherResidualIntangibleAssets 2025-03-31 10726623 frs-core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 10726623 frs-core:OtherResidualIntangibleAssets 2024-03-31 10726623 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 10726623 frs-bus:CompanyLimitedByGuarantee 2024-04-01 2025-03-31 10726623 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 10726623 frs-bus:SmallEntities 2024-04-01 2025-03-31 10726623 frs-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 10726623 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10726623 frs-bus:Director1 2024-04-01 2025-03-31 10726623 frs-bus:Director2 2024-04-01 2025-03-31 10726623 frs-bus:Director3 2024-04-01 2025-03-31 10726623 frs-bus:Director4 2024-04-01 2025-03-31 10726623 frs-bus:Director5 2024-04-01 2025-03-31 10726623 frs-bus:Director6 2024-04-01 2025-03-31 10726623 frs-bus:Director7 2024-04-01 2025-03-31 10726623 frs-bus:Director8 2024-04-01 2025-03-31 10726623 frs-bus:Director9 2024-04-01 2025-03-31 10726623 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 10726623 frs-countries:EnglandWales 2024-04-01 2025-03-31 10726623 2023-03-31 10726623 2024-03-31 10726623 2023-04-01 2024-03-31 10726623 frs-core:CurrentFinancialInstruments 2024-03-31 10726623 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 10726623
Coventry Bid Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Accountant's Report 1
Balance Sheet 2
Notes to the Financial Statements 3—5
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Coventry Bid Limited For The Year Ended 31 March 2025
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Coventry Bid Limited which comprise the Income and Expenditure Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Coventry Bid Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Coventry Bid Limited and state those matters that we have agreed to state to the directors of Coventry Bid Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coventry Bid Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Coventry Bid Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Coventry Bid Limited . You consider that Coventry Bid Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Coventry Bid Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
10/06/2025
Integritax Accountants Ltd
Association of Chartered Certified Accountants
68 Yardley Road
Acocks Green
Birmingham
B27 6LG
Page 1
Page 2
Balance Sheet
Registered number: 10726623
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,764 4,338
Tangible Assets 5 27,644 39,779
30,408 44,117
CURRENT ASSETS
Debtors 6 68,816 50,854
Cash at bank and in hand 351,247 357,378
420,063 408,232
Creditors: Amounts Falling Due Within One Year 7 (164,781 ) (179,001 )
NET CURRENT ASSETS (LIABILITIES) 255,282 229,231
TOTAL ASSETS LESS CURRENT LIABILITIES 285,690 273,348
PROVISIONS FOR LIABILITIES
Provisions For Charges (141,000 ) (141,000 )
Deferred Taxation (9,290 ) (12,717 )
NET ASSETS 135,400 119,631
Income and Expenditure Account 135,400 119,631
MEMBERS' FUNDS 135,400 119,631
For the year ending 31 March 2025 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 and Expenditure Account.
The financial statements were approved by the board of directors on 10 June 2025 and were signed on its behalf by:
Gloria Colling
Director
10/06/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Coventry Bid Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 10726623 . The registered office is Holt Court, Rear (First Floor), Warwick Row, Coventry, CV1 1EJ.
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.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible asset is website development. It is amortised to income and expenditure account over its estimated economic life of 5 years.
2.4. 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% on cost
Computer Equipment 33% on cost
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 surplus for the year. Taxable surplus differs from surplus 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 surplus. 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 surplus 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 surplus 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 surplus or deficit, 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.
Page 3
Page 4
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income and expenditure account as they become payable in accordance with the rules of the scheme.
2.7. Government Grant
Government grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned.
All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 4)
5 4
4. Intangible Assets
Other
£
Cost
As at 1 April 2024 7,870
As at 31 March 2025 7,870
Amortisation
As at 1 April 2024 3,532
Provided during the period 1,574
As at 31 March 2025 5,106
Net Book Value
As at 31 March 2025 2,764
As at 1 April 2024 4,338
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 43,505 13,079 56,584
As at 31 March 2025 43,505 13,079 56,584
Depreciation
As at 1 April 2024 10,960 5,845 16,805
Provided during the period 8,701 3,434 12,135
As at 31 March 2025 19,661 9,279 28,940
Net Book Value
As at 31 March 2025 23,844 3,800 27,644
As at 1 April 2024 32,545 7,234 39,779
Page 4
Page 5
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 16,913 23,440
Prepayments and accrued income 11,500 1,817
Other taxes and social security 40,403 25,597
68,816 50,854
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 20,970 9,041
Corporation tax 6,111 6,760
Other creditors 45,000 45,000
Accruals and deferred income 92,700 118,200
164,781 179,001
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Mrs G H Colling, Mrs J Truslove and Mr S J Prime guarantee to contribute an amount not exceeding £10 each to the assets of the company in the event of winding up.
Page 5