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 06252785 Clair Abrey Davina Bamber Peter Bussey Mary Doggett Christopher Lewer James Martin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06252785 2023-12-31 06252785 2024-12-31 06252785 2024-01-01 2024-12-31 06252785 frs-core:CurrentFinancialInstruments 2024-12-31 06252785 frs-core:Non-currentFinancialInstruments 2024-12-31 06252785 frs-core:ComputerEquipment 2024-12-31 06252785 frs-core:ComputerEquipment 2024-01-01 2024-12-31 06252785 frs-core:ComputerEquipment 2023-12-31 06252785 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 06252785 frs-core:FurnitureFittings 2024-12-31 06252785 frs-core:FurnitureFittings 2024-01-01 2024-12-31 06252785 frs-core:FurnitureFittings 2023-12-31 06252785 frs-core:OtherResidualIntangibleAssets 2024-12-31 06252785 frs-core:OtherResidualIntangibleAssets 2023-12-31 06252785 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06252785 frs-bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 06252785 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06252785 frs-bus:SmallEntities 2024-01-01 2024-12-31 06252785 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06252785 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06252785 frs-bus:Director1 2024-01-01 2024-12-31 06252785 frs-bus:Director2 2024-01-01 2024-12-31 06252785 frs-bus:Director3 2024-01-01 2024-12-31 06252785 frs-bus:Director4 2024-01-01 2024-12-31 06252785 frs-bus:Director5 2024-01-01 2024-12-31 06252785 frs-bus:Director6 2024-01-01 2024-12-31 06252785 frs-countries:EnglandWales 2024-01-01 2024-12-31 06252785 2022-12-31 06252785 2023-12-31 06252785 2023-01-01 2023-12-31 06252785 frs-core:CurrentFinancialInstruments 2023-12-31 06252785 frs-core:Non-currentFinancialInstruments 2023-12-31 06252785 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06252785
Buy Local Norfolk
Unaudited Financial Statements
For The Year Ended 31 December 2024
ABC Abacus Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06252785
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 474 1,615
474 1,615
CURRENT ASSETS
Debtors 6 (2 ) 244
Cash at bank and in hand 11,223 4,186
11,221 4,430
Creditors: Amounts Falling Due Within One Year 7 1 (4,208 )
NET CURRENT ASSETS (LIABILITIES) 11,222 222
TOTAL ASSETS LESS CURRENT LIABILITIES 11,696 1,837
Creditors: Amounts Falling Due After More Than One Year 8 - (3,419 )
NET ASSETS/(LIABILITIES) 11,696 (1,582 )
Income and Expenditure Account 11,696 (1,582 )
MEMBERS' FUNDS 11,696 (1,582)
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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 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 Income and Expenditure Account.
On behalf of the board
Clair Abrey
Director
20/05/2025
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Buy Local Norfolk is a private company, limited by guarantee, incorporated in England & Wales, registered number 06252785 . The registered office is The Willows Ipswich Road, Long Stratton, Norwich, NR15 2TG.
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 the cost of Trademarks. It is amortised to income and expenditure account over its estimated economic life of 5 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 3 years straight line
Computer Equipment 3 years straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 1)
- 1
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 200
As at 31 December 2024 200
Amortisation
As at 1 January 2024 200
As at 31 December 2024 200
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
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5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 634 6,865 7,499
As at 31 December 2024 634 6,865 7,499
Depreciation
As at 1 January 2024 634 5,250 5,884
Disposals - 1,141 1,141
As at 31 December 2024 634 6,391 7,025
Net Book Value
As at 31 December 2024 - 474 474
As at 1 January 2024 - 1,615 1,615
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors (2 ) 94
Other debtors - 150
(2 ) 244
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) 23
Bank loans and overdrafts - 1,515
Other creditors - 2,670
(1 ) 4,208
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 3,419
9. Related Party Transactions
During the period £533 was paid to Clarity Digital a Company owned by Christopher Lewer for Web-Hosting,  and £288 was
paid to Abacus Accountancy a Company owned by Peter Bussey for accounting software subscription. There were no other
transactions with Directors.
10. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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