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 12176947 Mr Lee McQueen Mr Christopher Wimshurst iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12176947 2023-12-31 12176947 2024-12-31 12176947 2024-01-01 2024-12-31 12176947 frs-core:CurrentFinancialInstruments 2024-12-31 12176947 frs-core:ComputerEquipment 2024-12-31 12176947 frs-core:ComputerEquipment 2024-01-01 2024-12-31 12176947 frs-core:ComputerEquipment 2023-12-31 12176947 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 12176947 frs-core:OtherResidualIntangibleAssets 2024-12-31 12176947 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 12176947 frs-core:OtherResidualIntangibleAssets 2023-12-31 12176947 frs-core:SharePremium 2024-12-31 12176947 frs-core:ShareCapital 2024-12-31 12176947 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12176947 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12176947 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12176947 frs-bus:SmallEntities 2024-01-01 2024-12-31 12176947 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12176947 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12176947 frs-bus:Director1 2024-01-01 2024-12-31 12176947 frs-bus:Director1 2023-12-31 12176947 frs-bus:Director1 2024-12-31 12176947 frs-bus:Director2 2024-01-01 2024-12-31 12176947 frs-countries:EnglandWales 2024-01-01 2024-12-31 12176947 2022-12-31 12176947 2023-12-31 12176947 2023-01-01 2023-12-31 12176947 frs-core:CurrentFinancialInstruments 2023-12-31 12176947 frs-core:SharePremium 2023-12-31 12176947 frs-core:ShareCapital 2023-12-31 12176947 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 12176947
Phoenix 51 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: 12176947
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 97,982 77,247
97,982 77,247
CURRENT ASSETS
Debtors 6 85,736 53,644
Cash at bank and in hand 31,597 13,042
117,333 66,686
Creditors: Amounts Falling Due Within One Year 7 (135,057 ) (182,447 )
NET CURRENT ASSETS (LIABILITIES) (17,724 ) (115,761 )
TOTAL ASSETS LESS CURRENT LIABILITIES 80,258 (38,514 )
NET ASSETS/(LIABILITIES) 80,258 (38,514 )
CAPITAL AND RESERVES
Called up share capital 8 11,762 11,762
Share premium account 903,038 903,038
Profit and Loss Account (834,542 ) (953,314 )
SHAREHOLDERS' FUNDS 80,258 (38,514)
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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 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 Lee McQueen
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
Phoenix 51 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12176947 . The registered office is Unit 4, Corum 2 Crown Way, Warmley, Bristol, BS30 8FJ.
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 software currently under construction. It will be amortised when completed to profit and loss account over its estimated economic life of 10 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:
Computer Equipment 33.3% straightline
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 85,703
Additions 27,500
As at 31 December 2024 113,203
Amortisation
As at 1 January 2024 8,456
Provided during the period 6,765
As at 31 December 2024 15,221
Net Book Value
As at 31 December 2024 97,982
As at 1 January 2024 77,247
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5. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 1,904
As at 31 December 2024 1,904
Depreciation
As at 1 January 2024 1,904
As at 31 December 2024 1,904
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 55,795 37,200
Prepayments and accrued income 713 4,396
Other debtors 7,026 2,166
Net wages - 2,082
Directors' loan accounts 14,402 -
Called up share capital not paid 7,800 7,800
85,736 53,644
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 23,448 38,709
Corporation tax 4,860 -
Other taxes and social security 14,951 40,058
VAT 27,898 10,008
Accruals and deferred income 63,900 87,672
Directors' loan accounts - 6,000
135,057 182,447
8. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 7,800 7,800
Called Up Share Capital has been paid up 3,962 3,962
Amount of Allotted, Called Up Share Capital 11,762 11,762
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9. 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 Lee McQueen (6,000 ) 20,401 - - 14,401
The above loan is unsecured, interest free and repayable on demand.
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