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 11005194 Mr Mark Higgins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11005194 2023-12-31 11005194 2024-12-31 11005194 2024-01-01 2024-12-31 11005194 frs-core:CurrentFinancialInstruments 2024-12-31 11005194 frs-core:Non-currentFinancialInstruments 2024-12-31 11005194 frs-core:ComputerEquipment 2024-12-31 11005194 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11005194 frs-core:ComputerEquipment 2023-12-31 11005194 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 11005194 frs-core:FurnitureFittings 2024-12-31 11005194 frs-core:FurnitureFittings 2024-01-01 2024-12-31 11005194 frs-core:FurnitureFittings 2023-12-31 11005194 frs-core:NetGoodwill 2024-01-01 2024-12-31 11005194 frs-core:MotorVehicles 2024-12-31 11005194 frs-core:MotorVehicles 2024-01-01 2024-12-31 11005194 frs-core:MotorVehicles 2023-12-31 11005194 frs-core:OtherResidualIntangibleAssets 2024-12-31 11005194 frs-core:OtherResidualIntangibleAssets 2023-12-31 11005194 frs-core:ShareCapital 2024-12-31 11005194 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11005194 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11005194 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11005194 frs-bus:SmallEntities 2024-01-01 2024-12-31 11005194 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11005194 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11005194 frs-bus:Director1 2024-01-01 2024-12-31 11005194 frs-bus:Director1 2023-12-31 11005194 frs-bus:Director1 2024-12-31 11005194 frs-core:CurrentFinancialInstruments 1 2024-12-31 11005194 frs-core:CurrentFinancialInstruments 3 2024-12-31 11005194 frs-countries:EnglandWales 2024-01-01 2024-12-31 11005194 2022-12-31 11005194 2023-12-31 11005194 2023-01-01 2023-12-31 11005194 frs-core:CurrentFinancialInstruments 2023-12-31 11005194 frs-core:Non-currentFinancialInstruments 2023-12-31 11005194 frs-core:ShareCapital 2023-12-31 11005194 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11005194 frs-core:CurrentFinancialInstruments 1 2023-12-31 11005194 frs-core:CurrentFinancialInstruments 3 2023-12-31
Registered number: 11005194
Sense IT Support and Services 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: 11005194
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2 2
Tangible Assets 5 3,197 6,698
3,199 6,700
CURRENT ASSETS
Debtors 6 307,127 225,981
Cash at bank and in hand 27,979 10,946
335,106 236,927
Creditors: Amounts Falling Due Within One Year 7 (466,889 ) (254,254 )
NET CURRENT ASSETS (LIABILITIES) (131,783 ) (17,327 )
TOTAL ASSETS LESS CURRENT LIABILITIES (128,584 ) (10,627 )
Creditors: Amounts Falling Due After More Than One Year 8 (34,853 ) (38,739 )
NET LIABILITIES (163,437 ) (49,366 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (163,537 ) (49,466 )
SHAREHOLDERS' FUNDS (163,437) (49,366)
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Mark Higgins
Director
30/09/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Sense IT Support and Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11005194 . The registered office is 6 West Street, Ringwood, BH24 1DZ.
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 - 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 the profit and loss account over its estimated economic life of .... years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
No amortisation has been calculated as asset will retain it's value.
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:
Motor Vehicles 25% p.a. on a reducing balance basis
Fixtures & Fittings 25% p.a. on a reducing balance basis
Computer Equipment 33.33% p.a. on a straight line basis
2.6. 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 year, 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 11)
11 11
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 2
As at 31 December 2024 2
Net Book Value
As at 31 December 2024 2
As at 1 January 2024 2
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 3,250 738 17,597 21,585
Additions 2,650 - - 2,650
As at 31 December 2024 5,900 738 17,597 24,235
Depreciation
As at 1 January 2024 1,992 533 12,362 14,887
Provided during the period 867 51 5,233 6,151
As at 31 December 2024 2,859 584 17,595 21,038
Net Book Value
As at 31 December 2024 3,041 154 2 3,197
As at 1 January 2024 1,258 205 5,235 6,698
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 47,620 49,290
Prepayments and accrued income 47,000 47,000
Rent Deposit 8,000 -
Director's loan account 153,262 111,449
255,882 207,739
Due after more than one year
Corporation tax recoverable assets 51,245 18,242
307,127 225,981
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 147,782 83,331
Bank loans and overdrafts 6,667 5,559
Corporation tax 62,915 27,371
Other taxes and social security 107,578 28,797
VAT 135,835 105,370
Charge Card 631 -
Other pension creditor 958 803
Other loans due within 12 months 3,000 1,500
Accruals and deferred income 1,523 1,523
466,889 254,254
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 34,853 38,739
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Mark Higgins 111,449 97,787 55,975 - 153,262
The above loan is unsecured, interest free and repayable on demand.
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