Acorah Software Products - Accounts Production 14.5.501 false true true 5 April 2022 6 April 2021 false 6 April 2022 5 April 2023 5 April 2023 05126643 Mr Kenneth Harbour Mrs Christine Harbour Mrs Christine Harbour iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05126643 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-04-05 05126643 2022-04-05 05126643 2023-04-05 05126643 2022-04-06 2023-04-05 05126643 frs-core:CurrentFinancialInstruments 2023-04-05 05126643 frs-core:Non-currentFinancialInstruments 2023-04-05 05126643 frs-core:PlantMachinery 2023-04-05 05126643 frs-core:PlantMachinery 2022-04-06 2023-04-05 05126643 frs-core:PlantMachinery 2022-04-05 05126643 frs-core:ShareCapital 2023-04-05 05126643 frs-core:RetainedEarningsAccumulatedLosses 2023-04-05 05126643 frs-bus:PrivateLimitedCompanyLtd 2022-04-06 2023-04-05 05126643 frs-bus:FilletedAccounts 2022-04-06 2023-04-05 05126643 frs-bus:SmallEntities 2022-04-06 2023-04-05 05126643 frs-bus:AuditExempt-NoAccountantsReport 2022-04-06 2023-04-05 05126643 frs-bus:SmallCompaniesRegimeForAccounts 2022-04-06 2023-04-05 05126643 frs-bus:Director1 2022-04-06 2023-04-05 05126643 frs-bus:Director2 2022-04-06 2023-04-05 05126643 frs-bus:CompanySecretary1 2022-04-06 2023-04-05 05126643 frs-countries:EnglandWales 2022-04-06 2023-04-05 05126643 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2022-04-05 05126643 2021-04-05 05126643 2022-04-05 05126643 2021-04-06 2022-04-05 05126643 frs-core:CurrentFinancialInstruments 2022-04-05 05126643 frs-core:Non-currentFinancialInstruments 2022-04-05 05126643 frs-core:ShareCapital 2022-04-05 05126643 frs-core:RetainedEarningsAccumulatedLosses 2022-04-05
Registered number: 05126643
Onsolar Ltd
Financial Statements
For The Year Ended 5 April 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05126643
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,210 1,614
1,210 1,614
CURRENT ASSETS
Stocks 5 20,429 11,893
Debtors 6 1,265 1,524
Cash at bank and in hand 228 243
21,922 13,660
Creditors: Amounts Falling Due Within One Year 7 (96,730 ) (83,317 )
NET CURRENT ASSETS (LIABILITIES) (74,808 ) (69,657 )
TOTAL ASSETS LESS CURRENT LIABILITIES (73,598 ) (68,043 )
Creditors: Amounts Falling Due After More Than One Year 8 (7,110 ) (7,110 )
NET LIABILITIES (80,708 ) (75,153 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (80,710 ) (75,155 )
SHAREHOLDERS' FUNDS (80,708) (75,153)
Page 1
Page 2
For the year ending 5 April 2023 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
Mrs Christine Harbour
Director
27th March 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Onsolar Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05126643 . The registered office is R & J Business Solutions, North Street, Langport, TA10 9RL.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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:
Plant & Machinery 25% reducing balance
2.5. 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.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 6 April 2022 2,677
As at 5 April 2023 2,677
Depreciation
As at 6 April 2022 1,063
Provided during the period 404
As at 5 April 2023 1,467
Net Book Value
As at 5 April 2023 1,210
As at 6 April 2022 1,614
5. Stocks
2023 2022
£ £
Stock 20,429 11,893
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,265 1,524
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 7,067 5,005
Bank loans and overdrafts 17,928 25,101
Other creditors 880 193
Accruals and deferred income 780 780
Directors' loan accounts 70,075 52,238
96,730 83,317
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 7,110 7,110
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2023 2022
£ £
Bank loans 3,950 3,950
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9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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