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 05255991 Mr Richard Long Mr Richard Long iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05255991 2023-12-31 05255991 2024-12-31 05255991 2024-01-01 2024-12-31 05255991 frs-core:CurrentFinancialInstruments 2024-12-31 05255991 frs-core:ComputerEquipment 2024-12-31 05255991 frs-core:ComputerEquipment 2024-01-01 2024-12-31 05255991 frs-core:ComputerEquipment 2023-12-31 05255991 frs-core:FurnitureFittings 2024-12-31 05255991 frs-core:FurnitureFittings 2024-01-01 2024-12-31 05255991 frs-core:FurnitureFittings 2023-12-31 05255991 frs-core:PlantMachinery 2024-12-31 05255991 frs-core:PlantMachinery 2024-01-01 2024-12-31 05255991 frs-core:PlantMachinery 2023-12-31 05255991 frs-core:ShareCapital 2024-12-31 05255991 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05255991 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05255991 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05255991 frs-bus:SmallEntities 2024-01-01 2024-12-31 05255991 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05255991 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05255991 frs-bus:Director1 2024-01-01 2024-12-31 05255991 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 05255991 frs-countries:EnglandWales 2024-01-01 2024-12-31 05255991 2022-12-31 05255991 2023-12-31 05255991 2023-01-01 2023-12-31 05255991 frs-core:CurrentFinancialInstruments 2023-12-31 05255991 frs-core:ShareCapital 2023-12-31 05255991 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 05255991
Akwamarine Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Coastal Accountants Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 05255991
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,809 8,010
10,809 8,010
CURRENT ASSETS
Debtors 5 245 -
Cash at bank and in hand 192 1,039
437 1,039
Creditors: Amounts Falling Due Within One Year 6 (164,208 ) (157,059 )
NET CURRENT ASSETS (LIABILITIES) (163,771 ) (156,020 )
TOTAL ASSETS LESS CURRENT LIABILITIES (152,962 ) (148,010 )
NET LIABILITIES (152,962 ) (148,010 )
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account (153,962 ) (149,010 )
SHAREHOLDERS' FUNDS (152,962) (148,010)
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 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 Richard Long
Director
28/05/2025
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
Akwamarine Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05255991 . The registered office is Office 2 Unit 3 Mitchell Point, Ensign Way, Hamble, Southampton, SO31 4RF.
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:
Plant & Machinery 20% reducing balance method
Fixtures & Fittings 20% on cost
Computer Equipment 33% on cost
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 9,869 1,977 358 12,204
Additions 6,189 - - 6,189
As at 31 December 2024 16,058 1,977 358 18,393
Depreciation
As at 1 January 2024 2,562 1,274 358 4,194
Provided during the period 3,157 233 - 3,390
As at 31 December 2024 5,719 1,507 358 7,584
Net Book Value
As at 31 December 2024 10,339 470 - 10,809
As at 1 January 2024 7,307 703 - 8,010
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
VAT 245 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
VAT - 2,626
Accruals and deferred income 870 1,950
Director's loan account 163,338 152,483
164,208 157,059
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 3