Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 true No description of principal activity 1 January 2024 31 December 2024 31 December 2024 04950180 Mr Jacob Blaukopf Mr Nicholas Clarey Mr Nicholas Clarey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04950180 2023-12-31 04950180 2024-12-31 04950180 2024-01-01 2024-12-31 04950180 frs-core:CurrentFinancialInstruments 2024-12-31 04950180 frs-core:Non-currentFinancialInstruments 2024-12-31 04950180 frs-core:ComputerEquipment 2024-12-31 04950180 frs-core:ComputerEquipment 2024-01-01 2024-12-31 04950180 frs-core:ComputerEquipment 2023-12-31 04950180 frs-core:FurnitureFittings 2024-12-31 04950180 frs-core:FurnitureFittings 2024-01-01 2024-12-31 04950180 frs-core:FurnitureFittings 2023-12-31 04950180 frs-core:PlantMachinery 2024-12-31 04950180 frs-core:PlantMachinery 2024-01-01 2024-12-31 04950180 frs-core:PlantMachinery 2023-12-31 04950180 frs-core:CapitalRedemptionReserve 2024-12-31 04950180 frs-core:ShareCapital 2024-12-31 04950180 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04950180 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04950180 frs-bus:FullAccounts 2024-01-01 2024-12-31 04950180 frs-bus:SmallEntities 2024-01-01 2024-12-31 04950180 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04950180 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04950180 frs-bus:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 04950180 frs-bus:Director1 2024-01-01 2024-12-31 04950180 frs-bus:Director2 2024-01-01 2024-12-31 04950180 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 04950180 frs-countries:EnglandWales 2024-01-01 2024-12-31 04950180 2022-12-31 04950180 2023-12-31 04950180 2023-01-01 2023-12-31 04950180 frs-core:CurrentFinancialInstruments 2023-12-31 04950180 frs-core:Non-currentFinancialInstruments 2023-12-31 04950180 frs-core:CapitalRedemptionReserve 2023-12-31 04950180 frs-core:ShareCapital 2023-12-31 04950180 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 04950180
Airsource Ltd.
Directors' Report and
Unaudited Financial Statements
For The Year Ended 31 December 2024
Directors' Report and Unaudited Financial Statements
Contents
Page
Company Information 1
Directors' Report 2
Profit and Loss Account 3
Balance Sheet 4—5
Notes to the Financial Statements 6—8
Page 1
Company Information
Directors Mr Jacob Blaukopf
Mr Nicholas Clarey
Secretary Mr Nicholas Clarey
Company Number 04950180
Registered Office Unit D, Dale's Brewery
Gwydir Street
Cambridge
CB1 2LJ
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 31 December 2024.
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Directors
The directors who held office during the year were as follows:
Mr Jacob Blaukopf
Mr Nicholas Clarey
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Nicholas Clarey
Director
25/03/2025
Page 2
Page 3
Profit and Loss Account
2024 2023
as restated
Notes £ £
TURNOVER 111,992 186,989
GROSS PROFIT 111,992 186,989
Administrative expenses (132,095 ) (115,055 )
Other operating income 7,416 -
OPERATING (LOSS)/PROFIT (12,687 ) 71,934
Other interest receivable and similar income 214 213
Interest payable and similar charges (122 ) (114 )
(LOSS)/PROFIT BEFORE TAXATION (12,595 ) 72,033
Tax on (Loss)/profit (10,122 ) (8,072 )
(LOSS)/PROFIT AFTER TAXATION BEING (LOSS)/PROFIT FOR THE FINANCIAL YEAR (22,717 ) 63,961
The notes on pages 6 to 8 form part of these financial statements.
Page 3
Page 4
Balance Sheet
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 456 563
456 563
CURRENT ASSETS
Debtors 4 114 7,200
Cash at bank and in hand 35,226 89,201
35,340 96,401
Creditors: Amounts Falling Due Within One Year 5 (11,526 ) (15,977 )
NET CURRENT ASSETS (LIABILITIES) 23,814 80,424
TOTAL ASSETS LESS CURRENT LIABILITIES 24,270 80,987
Creditors: Amounts Falling Due After More Than One Year 6 6,300 6,300
NET ASSETS 30,570 87,287
CAPITAL AND RESERVES
Called up share capital 7 180 180
Capital redemption reserve 20 20
Profit and Loss Account 30,370 87,087
SHAREHOLDERS' FUNDS 30,570 87,287
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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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr Nicholas Clarey
Director
25/03/2025
The notes on pages 6 to 8 form part of these financial statements.
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Page 6
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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 Written off at time of purchase
Fixtures & Fittings 4 year straight line for bicycles, otherwise written off at time of purchase
Computer Equipment Written off at time of purchase
1.4. 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.
1.5. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 5 (2023: 5)
5 5
3. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 12,741 2,240 12,059 27,040
Additions 1,248 - 499 1,747
As at 31 December 2024 13,989 2,240 12,558 28,787
Depreciation
As at 1 January 2024 12,691 1,910 11,876 26,477
Provided during the period 1,248 107 499 1,854
As at 31 December 2024 13,939 2,017 12,375 28,331
Net Book Value
As at 31 December 2024 50 223 183 456
As at 1 January 2024 50 330 183 563
4. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors - 5,106
Net wages 114 2,094
114 7,200
5. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 3,359 3,306
Other taxes and social security 2,712 4,173
VAT 5,455 8,498
11,526 15,977
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Trade creditors (6,300 ) (6,300 )
(6,300 ) (6,300 )
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7. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 180 180
8. General Information
Airsource Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 04950180 . The registered office is Unit D, Dale's Brewery, Gwydir Street, Cambridge, CB1 2LJ.
Page 8