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Registered number: 15653430
Briar Ventures Ltd
Unaudited Financial Statements
For the Period 16 April 2024 to 30 April 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 15653430
30 April 2025
Notes £ £
FIXED ASSETS
Tangible Assets 4 1,283
1,283
CURRENT ASSETS
Debtors 5 665
Cash at bank and in hand 15,097
15,762
Creditors: Amounts Falling Due Within One Year 6 (7,597 )
NET CURRENT ASSETS (LIABILITIES) 8,165
TOTAL ASSETS LESS CURRENT LIABILITIES 9,448
NET ASSETS 9,448
CAPITAL AND RESERVES
Called up share capital 7 2
Profit and Loss Account 9,446
SHAREHOLDERS' FUNDS 9,448
For the period ending 30 April 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
J S Rogers
Director
14/07/2025
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
Briar Ventures Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15653430 . The registered office is 27 Dene Lane, Lower Bourne, Farnham, United Kingdom, GU10 3PW.
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 comprises the fair value of consideration received or receivable for consultancy services provided during the year. Revenue is recognised as the services are delivered in accordance with the terms of the contract and it is probable that the economic benefits will flow to the company.
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:
Computer Equipment 33.33% Straight line
2.4. 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.
2.5. 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.
2.6. Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
2.7. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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Page 3
2.8. Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Tangible Assets
Computer Equipment
£
Cost
As at 16 April 2024 -
Additions 1,710
As at 30 April 2025 1,710
Depreciation
As at 16 April 2024 -
Provided during the period 427
As at 30 April 2025 427
Net Book Value
As at 30 April 2025 1,283
As at 16 April 2024 -
5. Debtors
30 April 2025
£
Due within one year
Other debtors 665
6. Creditors: Amounts Falling Due Within One Year
30 April 2025
£
Corporation tax 5,204
Accruals and deferred income 1,770
Directors' loan accounts 623
7,597
7. Share Capital
30 April 2025
Allotted, called up and fully paid £
20,000 Ordinary Shares of £ 0.0001 each 2
Shares issued during the period: £
20,000 Ordinary Shares of £ 0.0001 each 2
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