Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 16 November 2022 false 1 January 2024 31 December 2024 31 December 2024 14489399 Mr Martin Baxter Mr Edward Lockhart-Mummery Mr Peter Young Mr Jacob Hayler Mr Guy Thompson Mr Paul Wilson Ms Miranda Barker Ms Signe Norberg Dr Richard Benwell Mr Matthew Farrow iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14489399 2023-12-31 14489399 2024-12-31 14489399 2024-01-01 2024-12-31 14489399 frs-core:CurrentFinancialInstruments 2024-12-31 14489399 frs-core:ComputerEquipment 2024-12-31 14489399 frs-core:ComputerEquipment 2024-01-01 2024-12-31 14489399 frs-core:ComputerEquipment 2023-12-31 14489399 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 14489399 frs-bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 14489399 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 14489399 frs-bus:SmallEntities 2024-01-01 2024-12-31 14489399 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14489399 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14489399 frs-bus:Director1 2024-01-01 2024-12-31 14489399 frs-bus:Director2 2024-01-01 2024-12-31 14489399 frs-bus:Director3 2024-01-01 2024-12-31 14489399 frs-bus:Director4 2024-01-01 2024-12-31 14489399 frs-bus:Director5 2024-01-01 2024-12-31 14489399 frs-bus:Director6 2024-01-01 2024-12-31 14489399 frs-bus:Director7 2024-01-01 2024-12-31 14489399 frs-bus:Director8 2024-01-01 2024-12-31 14489399 frs-bus:Director9 2024-01-01 2024-12-31 14489399 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 14489399 frs-countries:EnglandWales 2024-01-01 2024-12-31 14489399 2022-11-15 14489399 2023-12-31 14489399 2022-11-16 2023-12-31 14489399 frs-core:CurrentFinancialInstruments 2023-12-31 14489399 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 14489399
Broadway Initiative Ltd
Financial Statements
For The Year Ended 31 December 2024
5th Floor
30-31 Furnival Street
London
EC4A 1JQ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14489399
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 649 396
649 396
CURRENT ASSETS
Debtors 5 137,217 136,400
Cash at bank and in hand 84,358 80,966
221,575 217,366
Creditors: Amounts Falling Due Within One Year 6 (196,877 ) (194,072 )
NET CURRENT ASSETS (LIABILITIES) 24,698 23,294
TOTAL ASSETS LESS CURRENT LIABILITIES 25,347 23,690
NET ASSETS 25,347 23,690
Income and Expenditure Account 25,347 23,690
MEMBERS' FUNDS 25,347 23,690
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
Mr Edward Lockhart-Mummery
Director
29 September 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Broadway Initiative Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 14489399 . The registered office is C/O Veale Wasbrough Vizards Llp Narrow Quay House, Narrow Quay, Bristol, BS1 4QA.
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 derived from membership fees and sponsorship income net of value added taxes and grants received from charitable organisations.
Income is accounted for on a straight line basis over the membership, sponsorship or grant award period except in the circumstances where income has to be matched to costs incurred on a specific project.  
2.3. 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:
Computer Equipment 25% straight line basis
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus 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 surplus. 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 surplus 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 surplus 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 surplus or deficit 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was 13 (2023: 6)
13 6
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 528
Additions 513
As at 31 December 2024 1,041
Depreciation
As at 1 January 2024 132
Provided during the period 260
As at 31 December 2024 392
Net Book Value
As at 31 December 2024 649
As at 1 January 2024 396
5. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Trade debtors 130,800 136,400
Other debtors 6,417 -
137,217 136,400
6. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors 18,096 -
Other creditors 136,228 146,660
Taxation and social security 42,553 47,412
196,877 194,072
7. 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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