Acorah Software Products - Accounts Production 16.3.350 false true 30 June 2023 1 November 2022 false 1 July 2023 31 December 2024 31 December 2024 12926328 Mr Lei Dong iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12926328 2023-06-30 12926328 2024-12-31 12926328 2023-07-01 2024-12-31 12926328 frs-core:CurrentFinancialInstruments 2024-12-31 12926328 frs-core:Non-currentFinancialInstruments 2024-12-31 12926328 frs-core:ComputerEquipment 2024-12-31 12926328 frs-core:ComputerEquipment 2023-07-01 2024-12-31 12926328 frs-core:ComputerEquipment 2023-06-30 12926328 frs-core:FurnitureFittings 2024-12-31 12926328 frs-core:FurnitureFittings 2023-07-01 2024-12-31 12926328 frs-core:FurnitureFittings 2023-06-30 12926328 frs-core:MotorVehicles 2024-12-31 12926328 frs-core:MotorVehicles 2023-07-01 2024-12-31 12926328 frs-core:MotorVehicles 2023-06-30 12926328 frs-core:ShareCapital 2024-12-31 12926328 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12926328 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-12-31 12926328 frs-bus:FilletedAccounts 2023-07-01 2024-12-31 12926328 frs-bus:SmallEntities 2023-07-01 2024-12-31 12926328 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-12-31 12926328 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-12-31 12926328 frs-bus:Director1 2023-07-01 2024-12-31 12926328 frs-countries:EnglandWales 2023-07-01 2024-12-31 12926328 2022-10-31 12926328 2023-06-30 12926328 2022-11-01 2023-06-30 12926328 frs-core:CurrentFinancialInstruments 2023-06-30 12926328 frs-core:Non-currentFinancialInstruments 2023-06-30 12926328 frs-core:ShareCapital 2023-06-30 12926328 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 12926328
Cadence & Pace Consultancy Ltd
Unaudited Financial Statements
For the Period 1 July 2023 to 31 December 2024
RED 76 Tax
ICAEW - Chartered Accountants
20-22 Venture West
Greenham Business Park
Newbury
Berkshire
RG19 6HX
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 12926328
31 December 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,011 47,379
32,011 47,379
CURRENT ASSETS
Debtors 5 646,257 554,312
Cash at bank and in hand 45,000 75,061
691,257 629,373
Creditors: Amounts Falling Due Within One Year 6 (230,019 ) (226,755 )
NET CURRENT ASSETS (LIABILITIES) 461,238 402,618
TOTAL ASSETS LESS CURRENT LIABILITIES 493,249 449,997
Creditors: Amounts Falling Due After More Than One Year 7 (2,064 ) (10,000 )
NET ASSETS 491,185 439,997
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 491,184 439,996
SHAREHOLDERS' FUNDS 491,185 439,997
For the period 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Lei Dong
Director
07/05/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Cadence & Pace Consultancy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12926328 . The registered office is 20-22 Venture West Greenham Business Park, Greenham, Thatcham, RG19 6HX.
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. 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:
Motor Vehicles 20% straight line
Fixtures & Fittings 33% straight line
Computer Equipment 25% straight line
2.4. 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.
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 and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
1Average number of employees, including directors, during the period was: 1 (2023: 1)
1 1
Page 2
Page 3
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 48,000 7,115 - 55,115
Additions - - 1,836 1,836
As at 31 December 2024 48,000 7,115 1,836 56,951
Depreciation
As at 1 July 2023 6,400 1,336 - 7,736
Provided during the period 14,400 2,668 136 17,204
As at 31 December 2024 20,800 4,004 136 24,940
Net Book Value
As at 31 December 2024 27,200 3,111 1,700 32,011
As at 1 July 2023 41,600 5,779 - 47,379
5. Debtors
31 December 2024 30 June 2023
£ £
Due within one year
Other debtors (143,787 ) -
VAT 316 267
(143,471 ) 267
Due after more than one year
Other debtors - 554,045
Amounts owed by associates 789,728 -
789,728 554,045
646,257 554,312
6. Creditors: Amounts Falling Due Within One Year
31 December 2024 30 June 2023
£ £
Trade creditors 76,275 156
Corporation tax (41,778 ) 39,143
Accruals and deferred income 63,946 147,946
Director's loan account 131,576 39,510
230,019 226,755
Page 3
Page 4
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 30 June 2023
£ £
Other creditors - 10,000
Accruals and deferred income 2,064 -
2,064 10,000
8. Share Capital
31 December 2024 30 June 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4