Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 07074403 Mr Sheraz Arif Mr Andrew Brand Ms Katrien Ploegmakers Mr Michael Rowley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07074403 2023-12-31 07074403 2024-12-31 07074403 2024-01-01 2024-12-31 07074403 frs-core:CurrentFinancialInstruments 2024-12-31 07074403 frs-core:Non-currentFinancialInstruments 2024-12-31 07074403 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 07074403 frs-core:OtherResidualIntangibleAssets 2024-12-31 07074403 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 07074403 frs-core:OtherResidualIntangibleAssets 2023-12-31 07074403 frs-core:PlantMachinery 2024-12-31 07074403 frs-core:PlantMachinery 2024-01-01 2024-12-31 07074403 frs-core:PlantMachinery 2023-12-31 07074403 frs-core:SharePremium 2024-12-31 07074403 frs-core:ShareCapital 2024-12-31 07074403 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07074403 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07074403 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07074403 frs-bus:SmallEntities 2024-01-01 2024-12-31 07074403 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07074403 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07074403 frs-bus:Director1 2024-01-01 2024-12-31 07074403 frs-bus:Director2 2024-01-01 2024-12-31 07074403 frs-bus:Director3 2024-01-01 2024-12-31 07074403 frs-bus:Director4 2024-01-01 2024-12-31 07074403 frs-countries:EnglandWales 2024-01-01 2024-12-31 07074403 2022-12-31 07074403 2023-12-31 07074403 2023-01-01 2023-12-31 07074403 frs-core:CurrentFinancialInstruments 2023-12-31 07074403 frs-core:Non-currentFinancialInstruments 2023-12-31 07074403 frs-core:SharePremium 2023-12-31 07074403 frs-core:ShareCapital 2023-12-31 07074403 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 07074403
Squease Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
TMT Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07074403
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 1,400
Tangible Assets 5 - 953
- 2,353
CURRENT ASSETS
Stocks 6 - 9,465
Debtors 7 - 1,365
Cash at bank and in hand 49,695 29,618
49,695 40,448
Creditors: Amounts Falling Due Within One Year 8 (29,397 ) (27,239 )
NET CURRENT ASSETS (LIABILITIES) 20,298 13,209
TOTAL ASSETS LESS CURRENT LIABILITIES 20,298 15,562
Creditors: Amounts Falling Due After More Than One Year 9 (30,093 ) (35,648 )
NET LIABILITIES (9,795 ) (20,086 )
CAPITAL AND RESERVES
Called up share capital 10 154 154
Share premium account 253,446 253,446
Profit and Loss Account (263,395 ) (273,686 )
SHAREHOLDERS' FUNDS (9,795) (20,086)
Page 1
Page 2
For the year ending 31 December 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 Sheraz Arif
Director
23/06/2025
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
Squease Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07074403 . The registered office is C/O TMT Accounting Unit 14 Apex Court, Woodlands, Bradley Stoke, Bristol, BS32 4JT.
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 assets are Website Development It is amortised to profit and loss account over its estimated economic life of 4 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:
Plant & Machinery 25% on Reducing Balance
2.5. 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.
2.6. 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: 4 (2023: 4)
4 4
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4. Intangible Assets
Other
£
Cost
As at 1 January 2024 11,799
Disposals (11,799 )
As at 31 December 2024 -
Amortisation
As at 1 January 2024 10,399
Disposals (10,399 )
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 1,400
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 15,117
Disposals (15,117 )
As at 31 December 2024 -
Depreciation
As at 1 January 2024 14,164
Provided during the period 197
Disposals (14,361 )
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 953
6. Stocks
2024 2023
£ £
Stock - 9,465
7. Debtors
2024 2023
£ £
Due within one year
VAT - 963
Other taxes and social security - 402
- 1,365
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1,092
Bank loans and overdrafts 5,573 4,232
VAT 1,515 -
Accruals and deferred income 1,131 737
Directors' loan accounts 21,178 21,178
29,397 27,239
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 30,093 35,648
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 154 154
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