Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 24 March 2023 false 1 April 2024 31 March 2025 31 March 2025 14754806 Mr Alan Smalley Mr Thomas Clark iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14754806 2024-03-31 14754806 2025-03-31 14754806 2024-04-01 2025-03-31 14754806 frs-core:CurrentFinancialInstruments 2025-03-31 14754806 frs-core:Non-currentFinancialInstruments 2025-03-31 14754806 frs-core:SharePremium 2025-03-31 14754806 frs-core:ShareCapital 2025-03-31 14754806 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 14754806 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 14754806 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 14754806 frs-bus:SmallEntities 2024-04-01 2025-03-31 14754806 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 14754806 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 14754806 frs-bus:OrdinaryShareClass1 2024-04-01 2025-03-31 14754806 frs-bus:OrdinaryShareClass1 2025-03-31 14754806 frs-bus:Director1 2024-04-01 2025-03-31 14754806 frs-bus:Director2 2024-04-01 2025-03-31 14754806 frs-core:CurrentFinancialInstruments 1 2025-03-31 14754806 frs-countries:EnglandWales 2024-04-01 2025-03-31 14754806 2023-03-23 14754806 2024-03-31 14754806 2023-03-24 2024-03-31 14754806 frs-core:CurrentFinancialInstruments 2024-03-31 14754806 frs-core:Non-currentFinancialInstruments 2024-03-31 14754806 frs-core:SharePremium 2024-03-31 14754806 frs-core:ShareCapital 2024-03-31 14754806 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14754806 frs-bus:OrdinaryShareClass1 2023-03-24 2024-03-31 14754806 frs-core:CurrentFinancialInstruments 1 2024-03-31
Registered number: 14754806
Phaze Shift Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
RJF Accountants
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14754806
31 March 2025 31 March 2024
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 9,405 1
Cash at bank and in hand 24,781 294
34,186 295
Creditors: Amounts Falling Due Within One Year 5 (2,961 ) -
NET CURRENT ASSETS (LIABILITIES) 31,225 295
TOTAL ASSETS LESS CURRENT LIABILITIES 31,225 295
Creditors: Amounts Falling Due After More Than One Year 6 - (2,000 )
NET ASSETS/(LIABILITIES) 31,225 (1,705 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Share premium account 100,000 -
Profit and Loss Account (68,776 ) (1,706 )
SHAREHOLDERS' FUNDS 31,225 (1,705)
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 Profit and Loss Account.
On behalf of the board
Mr Thomas Clark
Director
07/05/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Phaze Shift Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14754806 . The registered office is 9a Denmark Terrace, Brighton, East Sussex, BN1 3AN.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Debtors
31 March 2025 31 March 2024
£ £
Due within one year
Prepayments and accrued income 975 -
Loan to Formula Performance 3,200 -
VAT 5,230 -
Called up share capital not paid - 1
9,405 1
5. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 March 2024
£ £
Trade creditors 961 -
Directors' loan accounts 2,000 -
2,961 -
6. Creditors: Amounts Falling Due After More Than One Year
31 March 2025 31 March 2024
£ £
Other creditors - 2,000
Page 2
Page 3
7. Share Capital
31 March 2025 31 March 2024
Allotted, called up and fully paid £ £
110,100 Ordinary Shares of £ 0.00001 each 1 1
10,100 Ordinary Shares of £0.00001 each were issued during the period
Page 3