Acorah Software Products - Accounts Production 14.5.601 false true false 25 May 2022 31 May 2023 31 May 2023 14131429 Dr Stefan Sleiman Dr Boris Petkov Mr Faaris Merali iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14131429 2022-05-24 14131429 2023-05-31 14131429 2022-05-25 2023-05-31 14131429 frs-core:CurrentFinancialInstruments 2023-05-31 14131429 frs-core:Non-currentFinancialInstruments 2023-05-31 14131429 frs-core:BetweenOneFiveYears 2023-05-31 14131429 frs-core:ComputerEquipment 2023-05-31 14131429 frs-core:ComputerEquipment 2022-05-25 2023-05-31 14131429 frs-core:ComputerEquipment 2022-05-24 14131429 frs-core:FurnitureFittings 2023-05-31 14131429 frs-core:FurnitureFittings 2022-05-25 2023-05-31 14131429 frs-core:FurnitureFittings 2022-05-24 14131429 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-31 14131429 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-05-25 2023-05-31 14131429 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-05-24 14131429 frs-core:PlantMachinery 2023-05-31 14131429 frs-core:PlantMachinery 2022-05-25 2023-05-31 14131429 frs-core:PlantMachinery 2022-05-24 14131429 frs-core:WithinOneYear 2023-05-31 14131429 frs-core:ShareCapital 2023-05-31 14131429 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 14131429 frs-bus:PrivateLimitedCompanyLtd 2022-05-25 2023-05-31 14131429 frs-bus:FilletedAccounts 2022-05-25 2023-05-31 14131429 frs-bus:SmallEntities 2022-05-25 2023-05-31 14131429 frs-bus:AuditExempt-NoAccountantsReport 2022-05-25 2023-05-31 14131429 frs-bus:SmallCompaniesRegimeForAccounts 2022-05-25 2023-05-31 14131429 frs-bus:Director1 2022-05-25 2023-05-31 14131429 frs-bus:Director2 2022-05-25 2023-05-31 14131429 frs-bus:Director3 2022-05-25 2023-05-31 14131429 frs-core:CurrentFinancialInstruments 3 2023-05-31 14131429 frs-countries:EnglandWales 2022-05-25 2023-05-31
Registered number: 14131429
Sky Lemon Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2023
TAG My Finance Team Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14131429
2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 198,589
198,589
CURRENT ASSETS
Debtors 5 186
Cash at bank and in hand 8,252
8,438
Creditors: Amounts Falling Due Within One Year 6 (269,978 )
NET CURRENT ASSETS (LIABILITIES) (261,540 )
TOTAL ASSETS LESS CURRENT LIABILITIES (62,951 )
Creditors: Amounts Falling Due After More Than One Year 7 (72,431 )
NET LIABILITIES (135,382 )
CAPITAL AND RESERVES
Called up share capital 9 100
Profit and Loss Account (135,482 )
SHAREHOLDERS' FUNDS (135,382)
Page 1
Page 2
For the year ending 31 May 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
Dr Boris Petkov
Director
3rd April 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sky Lemon Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14131429 . The registered office is Regen Gym, Unit 2, The Exchange, Scarbrook Road, Croydon, CR0 1UH.
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. 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:
Leasehold 10% SLM
Plant & Machinery 10% SLM
Fixtures & Fittings 10% SLM
Computer Equipment 10% SLM
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4
4
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 25 May 2022 - - - - -
Additions 67,793 104,827 22,380 19,549 214,549
Disposals - - - (530 ) (530 )
As at 31 May 2023 67,793 104,827 22,380 19,019 214,019
Depreciation
As at 25 May 2022 - - - - -
Provided during the period 4,347 8,541 1,080 1,489 15,457
Disposals - - - (27 ) (27 )
As at 31 May 2023 4,347 8,541 1,080 1,462 15,430
Net Book Value
As at 31 May 2023 63,446 96,286 21,300 17,557 198,589
As at 25 May 2022 - - - - -
5. Debtors
2023
£
Due within one year
Prepayments and accrued income 186
186
6. Creditors: Amounts Falling Due Within One Year
2023
£
Net obligations under finance lease and hire purchase contracts 36,035
Trade creditors 25,756
Other taxes and social security 85
VAT 4,228
Other Creditor 203,874
269,978
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7. Creditors: Amounts Falling Due After More Than One Year
2023
£
Net obligations under finance lease and hire purchase contracts 72,431
72,431
8. Obligations Under Finance Leases and Hire Purchase
2023
£
The future minimum finance lease payments are as follows:
Not later than one year 36,035
Later than one year and not later than five years 72,431
108,466
108,466
9. Share Capital
2023
£
Allotted, Called up and fully paid 100
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