Acorah Software Products - Accounts Production 14.5.601 false true false 1 July 2022 30 June 2023 30 June 2023 09069882 Mr Abedin Shahini Mr Samir Maqedonci iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09069882 2022-06-30 09069882 2023-06-30 09069882 2022-07-01 2023-06-30 09069882 frs-core:CurrentFinancialInstruments 2023-06-30 09069882 frs-core:Non-currentFinancialInstruments 2023-06-30 09069882 frs-core:ComputerEquipment 2022-07-01 2023-06-30 09069882 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-07-01 2023-06-30 09069882 frs-core:FurnitureFittings 2023-06-30 09069882 frs-core:FurnitureFittings 2022-07-01 2023-06-30 09069882 frs-core:FurnitureFittings 2022-06-30 09069882 frs-core:NetGoodwill 2023-06-30 09069882 frs-core:NetGoodwill 2022-07-01 2023-06-30 09069882 frs-core:NetGoodwill 2022-06-30 09069882 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-07-01 2023-06-30 09069882 frs-core:OtherResidualIntangibleAssets 2023-06-30 09069882 frs-core:OtherResidualIntangibleAssets 2022-07-01 2023-06-30 09069882 frs-core:OtherResidualIntangibleAssets 2022-06-30 09069882 frs-core:PlantMachinery 2023-06-30 09069882 frs-core:PlantMachinery 2022-07-01 2023-06-30 09069882 frs-core:PlantMachinery 2022-06-30 09069882 frs-core:ShareCapital 2023-06-30 09069882 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 09069882 frs-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 09069882 frs-bus:FilletedAccounts 2022-07-01 2023-06-30 09069882 frs-bus:SmallEntities 2022-07-01 2023-06-30 09069882 frs-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 09069882 frs-bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 09069882 frs-bus:Director1 2022-07-01 2023-06-30 09069882 frs-bus:Director2 2022-07-01 2023-06-30 09069882 frs-core:CurrentFinancialInstruments 1 2023-06-30 09069882 frs-core:Non-currentFinancialInstruments 1 2023-06-30 09069882 frs-countries:EnglandWales 2022-07-01 2023-06-30
Registered number: 09069882
S & D Soho Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2023
YSM Tax Services Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09069882
2023
Notes £ £
FIXED ASSETS
Intangible Assets 4 14,410
Tangible Assets 5 83,607
98,017
CURRENT ASSETS
Stocks 6 5,502
Debtors 7 49,558
Cash at bank and in hand 380,426
435,486
Creditors: Amounts Falling Due Within One Year 8 (204,577 )
NET CURRENT ASSETS (LIABILITIES) 230,909
TOTAL ASSETS LESS CURRENT LIABILITIES 328,926
Creditors: Amounts Falling Due After More Than One Year 9 144,824
NET ASSETS 473,750
CAPITAL AND RESERVES
Called up share capital 10 2
Profit and Loss Account 473,748
SHAREHOLDERS' FUNDS 473,750
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For the year ending 30 June 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
Mr Samir Maqedonci
Director
30/01/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
S & D Soho Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09069882 . The registered office is 21 Berwick Street, London, W1F 0PZ.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.5. 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 25
Plant & Machinery 25
Fixtures & Fittings 25
Computer Equipment 25
2.6. 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.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit 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 profit. 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 profits 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 profits 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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
13
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 July 2022 50,000 50,000 100,000
As at 30 June 2023 50,000 50,000 100,000
Amortisation
As at 1 July 2022 50,000 30,948 80,948
Provided during the period - 4,642 4,642
As at 30 June 2023 50,000 35,590 85,590
Net Book Value
As at 30 June 2023 - 14,410 14,410
As at 1 July 2022 - 19,052 19,052
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2022 45,804 110,842 156,646
Additions 2,410 1,844 4,254
As at 30 June 2023 48,214 112,686 160,900
...CONTINUED
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Depreciation
As at 1 July 2022 25,113 22,078 47,191
Provided during the period 5,775 24,327 30,102
As at 30 June 2023 30,888 46,405 77,293
Net Book Value
As at 30 June 2023 17,326 66,281 83,607
As at 1 July 2022 20,691 88,764 109,455
6. Stocks
2023
£
Finished goods 5,502
7. Debtors
2023
£
Due within one year
Prepayments and accrued income 9,615
Pension scheme prepayments (3,882 )
5,733
Due after more than one year
Rent Deposit 43,825
43,825
49,558
8. Creditors: Amounts Falling Due Within One Year
2023
£
Trade creditors 13,821
Corporation tax 94,395
Other taxes and social security 8,988
VAT 57,303
Net wages 25,898
Other creditors (S&D Properties Ltd) 2,119
Directors' loan accounts 2,053
204,577
9. Creditors: Amounts Falling Due After More Than One Year
2023
£
Bank loans 215,759
Other creditors (FSD London Ltd) (360,583 )
(144,824 )
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10. Share Capital
2023
£
Allotted, Called up and fully paid 2
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