Acorah Software Products - Accounts Production 12.4.002 false 20 November 2020 30 November 2021 30 November 2021 13033853 Ms Donna Finning iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13033853 2020-11-19 13033853 2021-11-30 13033853 2020-11-20 2021-11-30 13033853 frs-core:CurrentFinancialInstruments 2021-11-30 13033853 frs-core:CurrentFinancialInstruments 2020-11-20 2021-11-30 13033853 frs-core:Non-currentFinancialInstruments 2021-11-30 13033853 frs-core:Non-currentFinancialInstruments 2020-11-20 2021-11-30 13033853 frs-core:CurrentFinancialInstruments 2020-11-20 2021-11-30 13033853 frs-core:CurrentFinancialInstruments 2021-11-30 13033853 frs-core:AfterOneYear 2020-11-20 2021-11-30 13033853 frs-core:BetweenOneFiveYears 2020-11-20 2021-11-30 13033853 frs-core:BetweenOneFiveYears 2021-11-30 13033853 frs-core:ComputerEquipment 2021-11-30 13033853 frs-core:ComputerEquipment 2020-11-20 2021-11-30 13033853 frs-core:ComputerEquipment 2020-11-19 13033853 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Registered number: 13033853
The Buddha Sanctuary Ltd
Unaudited Financial Statements
For the Period 20 November 2020 to 30 November 2021
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13033853
30 November 2021
Notes £ £
FIXED ASSETS
Tangible Assets 3 9,772
9,772
CURRENT ASSETS
Stocks 4 547
Debtors 5 14,259
Cash at bank and in hand 924
15,730
Creditors: Amounts Falling Due Within One Year 6 (40,798 )
NET CURRENT ASSETS (LIABILITIES) (25,068 )
TOTAL ASSETS LESS CURRENT LIABILITIES (15,296 )
NET LIABILITIES (15,296 )
CAPITAL AND RESERVES
Called up share capital 7 100
Profit and Loss Account (15,396 )
SHAREHOLDERS' FUNDS (15,296)
Page 1
Page 2
For the period ending 30 November 2021 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 her 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
Ms Donna Finning
Director
19/08/2022
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. 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.
1.3. 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:
Plant & Machinery 20% Straight Line
Fixtures & Fittings 20% Straight Line
Computer Equipment 20% Straight Line
1.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3
3
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3. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 20 November 2020 - - - -
Additions 2,754 7,981 272 11,007
As at 30 November 2021 2,754 7,981 272 11,007
Depreciation
As at 20 November 2020 - - - -
Provided during the period 157 1,043 35 1,235
As at 30 November 2021 157 1,043 35 1,235
Net Book Value
As at 30 November 2021 2,597 6,938 237 9,772
As at 20 November 2020 - - - -
4. Stocks
30 November 2021
£
Stock - materials 547
547
5. Debtors
30 November 2021
£
Due within one year
Prepayments and accrued income 329
Other debtors 13,930
14,259
6. Creditors: Amounts Falling Due Within One Year
30 November 2021
£
Trade creditors 297
Other taxes and social security 466
Other creditors 7,037
Accruals and deferred income 1,260
Director's loan account 31,738
40,798
Page 4
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7. Share Capital
30 November 2021
Allotted, Called up and fully paid 100
8. General Information
The Buddha Sanctuary Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13033853 . The registered office is 49 High Street , Canvey Island, Essex, SS8 8HF.
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