Acorah Software Products - Accounts Production 16.2.850 false true true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 03847976 Mr David Cocksedge Mr Michael Evans Mr Nicholas Till iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03847976 2023-09-30 03847976 2024-09-30 03847976 2023-10-01 2024-09-30 03847976 frs-core:CurrentFinancialInstruments 2024-09-30 03847976 frs-core:BetweenOneFiveYears 2024-09-30 03847976 frs-core:ComputerEquipment 2024-09-30 03847976 frs-core:ComputerEquipment 2023-10-01 2024-09-30 03847976 frs-core:ComputerEquipment 2023-09-30 03847976 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-01 2024-09-30 03847976 frs-core:FurnitureFittings 2024-09-30 03847976 frs-core:FurnitureFittings 2023-10-01 2024-09-30 03847976 frs-core:FurnitureFittings 2023-09-30 03847976 frs-core:NetGoodwill 2024-09-30 03847976 frs-core:NetGoodwill 2023-10-01 2024-09-30 03847976 frs-core:NetGoodwill 2023-09-30 03847976 frs-core:OtherResidualIntangibleAssets 2024-09-30 03847976 frs-core:OtherResidualIntangibleAssets 2023-10-01 2024-09-30 03847976 frs-core:OtherResidualIntangibleAssets 2023-09-30 03847976 frs-core:PlantMachinery 2024-09-30 03847976 frs-core:PlantMachinery 2023-10-01 2024-09-30 03847976 frs-core:PlantMachinery 2023-09-30 03847976 frs-core:WithinOneYear 2024-09-30 03847976 frs-core:CapitalRedemptionReserve 2024-09-30 03847976 frs-core:ShareCapital 2024-09-30 03847976 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 03847976 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03847976 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 03847976 frs-bus:SmallEntities 2023-10-01 2024-09-30 03847976 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 03847976 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 03847976 frs-core:CostValuation 2023-09-30 03847976 frs-core:CostValuation 2024-09-30 03847976 frs-core:ProvisionsForImpairmentInvestments 2023-09-30 03847976 frs-core:ProvisionsForImpairmentInvestments 2024-09-30 03847976 frs-bus:Director1 2023-10-01 2024-09-30 03847976 frs-bus:Director1 2023-09-30 03847976 frs-bus:Director1 2024-09-30 03847976 frs-bus:Director2 2023-10-01 2024-09-30 03847976 frs-bus:Director3 2023-10-01 2024-09-30 03847976 frs-countries:EnglandWales 2023-10-01 2024-09-30 03847976 2022-09-30 03847976 2023-09-30 03847976 2022-10-01 2023-09-30 03847976 frs-core:CurrentFinancialInstruments 2023-09-30 03847976 frs-core:BetweenOneFiveYears 2023-09-30 03847976 frs-core:WithinOneYear 2023-09-30 03847976 frs-core:CapitalRedemptionReserve 2023-09-30 03847976 frs-core:ShareCapital 2023-09-30 03847976 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 03847976
Banyard Consultants Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03847976
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,250 11,900
Tangible Assets 5 48,055 74,456
Investments 6 5 5
60,310 86,361
CURRENT ASSETS
Debtors 7 1,845,758 1,904,388
Cash at bank and in hand 745,960 279,082
2,591,718 2,183,470
Creditors: Amounts Falling Due Within One Year 8 (1,654,156 ) (1,304,405 )
NET CURRENT ASSETS (LIABILITIES) 937,562 879,065
TOTAL ASSETS LESS CURRENT LIABILITIES 997,872 965,426
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,359 ) (17,816 )
NET ASSETS 986,513 947,610
CAPITAL AND RESERVES
Called up share capital 9 5 10
Capital redemption reserve 6 1
Profit and Loss Account 986,502 947,599
SHAREHOLDERS' FUNDS 986,513 947,610
Page 1
Page 2
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 Nicholas Till
Director
23 June 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Banyard Consultants Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03847976 . The registered office is Level 3, 28-30 Worship Street, London, EC2A 2AH.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.
2.4. 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.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are computer software. It is amortised to profit and loss account over its estimated economic life of 3 years.
2.6. 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% on cost
Fixtures & Fittings 25% on cost
Computer Equipment 25% on cost
2.7. 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 years 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.
...CONTINUED
Page 3
Page 4
2.7. Taxation - continued
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 assets reflect 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 was: 54 (2023: 52)
54 52
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 October 2023 150,000 12,600 162,600
Additions - 6,300 6,300
As at 30 September 2024 150,000 18,900 168,900
Amortisation
As at 1 October 2023 150,000 700 150,700
Provided during the period - 5,950 5,950
As at 30 September 2024 150,000 6,650 156,650
Net Book Value
As at 30 September 2024 - 12,250 12,250
As at 1 October 2023 - 11,900 11,900
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 2,725 93,201 151,242 247,168
Additions - - 7,738 7,738
Disposals - - (57,100 ) (57,100 )
As at 30 September 2024 2,725 93,201 101,880 197,806
Depreciation
As at 1 October 2023 2,725 64,774 105,213 172,712
Provided during the period - 13,605 20,534 34,139
Disposals - - (57,100 ) (57,100 )
As at 30 September 2024 2,725 78,379 68,647 149,751
Net Book Value
As at 30 September 2024 - 14,822 33,233 48,055
As at 1 October 2023 - 28,427 46,029 74,456
Page 4
Page 5
6. Investments
Subsidiaries
£
Cost
As at 1 October 2023 5
As at 30 September 2024 5
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 5
As at 1 October 2023 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,629,315 1,650,571
Other debtors 216,443 253,817
1,845,758 1,904,388
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 554,009 590,873
Other creditors 612,051 331,680
Taxation and social security 488,096 381,852
1,654,156 1,304,405
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5 10
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 133,455 97,224
Later than one year and not later than five years 203,154 92,618
336,609 189,842
Page 5
Page 6
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Nicholas Till 77,544 20,057 77,544 - 20,057
The above loan is unsecured, interest bearing and repayable on demand.
Page 6