Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 11470497 Mr George Sofroniou iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11470497 2022-07-31 11470497 2023-07-31 11470497 2022-08-01 2023-07-31 11470497 frs-core:CurrentFinancialInstruments 2023-07-31 11470497 frs-core:ComputerEquipment 2023-07-31 11470497 frs-core:ComputerEquipment 2022-08-01 2023-07-31 11470497 frs-core:ComputerEquipment 2022-07-31 11470497 frs-core:FurnitureFittings 2023-07-31 11470497 frs-core:FurnitureFittings 2022-08-01 2023-07-31 11470497 frs-core:FurnitureFittings 2022-07-31 11470497 frs-core:MotorVehicles 2023-07-31 11470497 frs-core:MotorVehicles 2022-08-01 2023-07-31 11470497 frs-core:MotorVehicles 2022-07-31 11470497 frs-core:PlantMachinery 2023-07-31 11470497 frs-core:PlantMachinery 2022-08-01 2023-07-31 11470497 frs-core:PlantMachinery 2022-07-31 11470497 frs-core:ShareCapital 2023-07-31 11470497 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 11470497 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 11470497 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 11470497 frs-bus:SmallEntities 2022-08-01 2023-07-31 11470497 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 11470497 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 11470497 frs-bus:Director1 2022-08-01 2023-07-31 11470497 frs-countries:EnglandWales 2022-08-01 2023-07-31 11470497 2021-07-31 11470497 2022-07-31 11470497 2021-08-01 2022-07-31 11470497 frs-core:CurrentFinancialInstruments 2022-07-31 11470497 frs-core:ShareCapital 2022-07-31 11470497 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 11470497
G. Sofroniou Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
IAK ACCOUNTANTS AND CONSULTANTS LTD
Cuffley Place Office 112
Sopers Road
Cuffley
Select County
EN6 4SG
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11470497
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,639 9,151
6,639 9,151
CURRENT ASSETS
Stocks 5 4,500 3,000
Debtors 6 1,678 1,500
Cash at bank and in hand 4,380 455
10,558 4,955
Creditors: Amounts Falling Due Within One Year 7 (43,357 ) (11,363 )
NET CURRENT ASSETS (LIABILITIES) (32,799 ) (6,408 )
TOTAL ASSETS LESS CURRENT LIABILITIES (26,160 ) 2,743
NET (LIABILITIES)/ASSETS (26,160 ) 2,743
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (26,162 ) 2,741
SHAREHOLDERS' FUNDS (26,160) 2,743
Page 1
Page 2
For the year ending 31 July 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 George Sofroniou
Director
26th March 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
G. Sofroniou Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11470497 . The registered office is Cuffley Place, Office Suite 112, Sopers Road, Cuffley, EN6 4SG.
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:
Plant & Machinery 20% on cost
Motor Vehicles 20% on cost
Fixtures & Fittings 20% on cost
Computer Equipment 20% on cost
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 9)
3 9
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2022 5,609 2,350 3,478 1,122 12,559
As at 31 July 2023 5,609 2,350 3,478 1,122 12,559
Depreciation
As at 1 August 2022 1,548 940 696 224 3,408
Provided during the period 1,122 470 696 224 2,512
As at 31 July 2023 2,670 1,410 1,392 448 5,920
...CONTINUED
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Page 4
Net Book Value
As at 31 July 2023 2,939 940 2,086 674 6,639
As at 1 August 2022 4,061 1,410 2,782 898 9,151
5. Stocks
2023 2022
£ £
Stock 4,500 3,000
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 178 -
Rent Deposit 1,500 1,500
1,678 1,500
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 3,291 3,473
Corporation tax 200 200
Other taxes and social security 495 373
VAT - 2,855
Other creditors 290 381
Directors' loan accounts 39,081 4,081
43,357 11,363
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 4