Acorah Software Products - Accounts Production 16.4.675 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11629067 Ms Catherine Sarah Battershill Mr Shiv Taneja Mr Brandon Charles Horwitz Mrs Fiona Margaret Evans iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11629067 2023-12-31 11629067 2024-12-31 11629067 2024-01-01 2024-12-31 11629067 frs-core:CurrentFinancialInstruments 2024-12-31 11629067 frs-core:ComputerEquipment 2024-12-31 11629067 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11629067 frs-core:ComputerEquipment 2023-12-31 11629067 frs-core:NetGoodwill 2024-12-31 11629067 frs-core:NetGoodwill 2024-01-01 2024-12-31 11629067 frs-core:NetGoodwill 2023-12-31 11629067 frs-core:SharePremium 2024-12-31 11629067 frs-core:ShareCapital 2024-12-31 11629067 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11629067 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11629067 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11629067 frs-bus:SmallEntities 2024-01-01 2024-12-31 11629067 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11629067 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11629067 frs-bus:Director1 2024-01-01 2024-12-31 11629067 frs-bus:Director2 2024-01-01 2024-12-31 11629067 frs-bus:Director3 2024-01-01 2024-12-31 11629067 frs-bus:Director4 2024-01-01 2024-12-31 11629067 frs-countries:EnglandWales 2024-01-01 2024-12-31 11629067 2022-12-31 11629067 2023-12-31 11629067 2023-01-01 2023-12-31 11629067 frs-core:CurrentFinancialInstruments 2023-12-31 11629067 frs-core:SharePremium 2023-12-31 11629067 frs-core:ShareCapital 2023-12-31 11629067 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11629067
UKFB & Co Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Nathan Associates
Chartered Certified Accountants
116 Headstone Lane
Harrow
HA2 6JN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11629067
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,400 5,500
Tangible Assets 5 2,454 2,431
6,854 7,931
CURRENT ASSETS
Debtors 6 66,997 54,521
Cash at bank and in hand 447,781 304,361
514,778 358,882
Creditors: Amounts Falling Due Within One Year 7 (558,594 ) (484,122 )
NET CURRENT ASSETS (LIABILITIES) (43,816 ) (125,240 )
TOTAL ASSETS LESS CURRENT LIABILITIES (36,962 ) (117,309 )
NET LIABILITIES (36,962 ) (117,309 )
CAPITAL AND RESERVES
Called up share capital 8 300 300
Share premium account 118,800 118,800
Profit and Loss Account (156,062 ) (236,409 )
SHAREHOLDERS' FUNDS (36,962) (117,309)
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 Shiv Taneja
Director
02/06/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
UKFB & Co Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11629067 . The registered office is 20-22 Wenlock Road, London, N1 7GU.
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. Going Concern Disclosure
These accounts have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent on sufficient and continuing financial support being made available by the shareholders of the company. If the company were unable to continue to trade adjustments would have to be made to reduce the value of assets to their realisable amount, and to provide for any further liabilities that may arise.
2.3. 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.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. 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 25% on writtendown value
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 11,000
As at 31 December 2024 11,000
Amortisation
As at 1 January 2024 5,500
Provided during the period 1,100
As at 31 December 2024 6,600
...CONTINUED
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Page 4
Net Book Value
As at 31 December 2024 4,400
As at 1 January 2024 5,500
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 5,240
Additions 842
As at 31 December 2024 6,082
Depreciation
As at 1 January 2024 2,809
Provided during the period 819
As at 31 December 2024 3,628
Net Book Value
As at 31 December 2024 2,454
As at 1 January 2024 2,431
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 55,022 42,546
Other debtors 11,975 11,975
66,997 54,521
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,062 22,336
Other creditors 489,399 395,801
Taxation and social security 66,133 65,985
558,594 484,122
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
Page 4