Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 02893740 Mr Nicholas Giddings Mrs Christina Royall Mr Jason Smith Mr David Royall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02893740 2023-12-31 02893740 2024-12-31 02893740 2024-01-01 2024-12-31 02893740 frs-core:CurrentFinancialInstruments 2024-12-31 02893740 frs-core:ComputerEquipment 2024-12-31 02893740 frs-core:ComputerEquipment 2024-01-01 2024-12-31 02893740 frs-core:ComputerEquipment 2023-12-31 02893740 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 02893740 frs-core:FurnitureFittings 2024-12-31 02893740 frs-core:FurnitureFittings 2024-01-01 2024-12-31 02893740 frs-core:FurnitureFittings 2023-12-31 02893740 frs-core:OtherResidualIntangibleAssets 2024-12-31 02893740 frs-core:OtherResidualIntangibleAssets 2023-12-31 02893740 frs-core:CapitalRedemptionReserve 2024-12-31 02893740 frs-core:ShareCapital 2024-12-31 02893740 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 02893740 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02893740 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 02893740 frs-bus:SmallEntities 2024-01-01 2024-12-31 02893740 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 02893740 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02893740 frs-bus:Director1 2024-01-01 2024-12-31 02893740 frs-bus:Director2 2024-01-01 2024-12-31 02893740 frs-bus:Director3 2024-01-01 2024-12-31 02893740 frs-bus:Director4 2024-01-01 2024-12-31 02893740 frs-countries:EnglandWales 2024-01-01 2024-12-31 02893740 2022-12-31 02893740 2023-12-31 02893740 2023-01-01 2023-12-31 02893740 frs-core:CurrentFinancialInstruments 2023-12-31 02893740 frs-core:CapitalRedemptionReserve 2023-12-31 02893740 frs-core:ShareCapital 2023-12-31 02893740 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 02893740
Futura Retail Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02893740
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 17,303 10,879
17,303 10,879
CURRENT ASSETS
Debtors 6 1,259,228 422,661
Cash at bank and in hand 101,641 652,180
1,360,869 1,074,841
Creditors: Amounts Falling Due Within One Year 7 (187,235 ) (212,549 )
NET CURRENT ASSETS (LIABILITIES) 1,173,634 862,292
TOTAL ASSETS LESS CURRENT LIABILITIES 1,190,937 873,171
NET ASSETS 1,190,937 873,171
CAPITAL AND RESERVES
Called up share capital 8 370 370
Capital redemption reserve 630 630
Profit and Loss Account 1,189,937 872,171
SHAREHOLDERS' FUNDS 1,190,937 873,171
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 Jason Smith
Director
18th September 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Futura Retail Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02893740 . The registered office is The Centre, Reading Road, Eversley Centre, Hampshire, RG27 0NB.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are acquired trademarks and patents. They are amortised to the profit and loss account over their estimated economic life of 4 years.
2.4. 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:
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 16)
16 16
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4. Intangible Assets
Other
£
Cost
As at 1 January 2024 401,100
As at 31 December 2024 401,100
Amortisation
As at 1 January 2024 401,100
As at 31 December 2024 401,100
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 4,199 28,171 32,370
Additions 944 11,248 12,192
As at 31 December 2024 5,143 39,419 44,562
Depreciation
As at 1 January 2024 3,515 17,976 21,491
Provided during the period 407 5,361 5,768
As at 31 December 2024 3,922 23,337 27,259
Net Book Value
As at 31 December 2024 1,221 16,082 17,303
As at 1 January 2024 684 10,195 10,879
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 448,770 418,057
Other debtors 5,458 4,604
454,228 422,661
Due after more than one year
Amounts owed by group undertakings 805,000 -
1,259,228 422,661
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 53,384 64,993
Other creditors 44,180 55,469
Taxation and social security 89,671 92,087
187,235 212,549
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 370 370
Page 5