Acorah Software Products - Accounts Production 14.5.601 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 07955415 Mr A P Sullivan Mrs L J Sullivan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07955415 2023-02-28 07955415 2024-02-28 07955415 2023-03-01 2024-02-28 07955415 frs-core:CurrentFinancialInstruments 2024-02-28 07955415 frs-core:ComputerEquipment 2024-02-28 07955415 frs-core:ComputerEquipment 2023-03-01 2024-02-28 07955415 frs-core:ComputerEquipment 2023-02-28 07955415 frs-core:ShareCapital 2024-02-28 07955415 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 07955415 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 07955415 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 07955415 frs-bus:SmallEntities 2023-03-01 2024-02-28 07955415 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 07955415 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 07955415 frs-bus:Director1 2023-03-01 2024-02-28 07955415 frs-bus:Director2 2023-03-01 2024-02-28 07955415 frs-countries:EnglandWales 2023-03-01 2024-02-28 07955415 2022-02-28 07955415 2023-02-28 07955415 2022-03-01 2023-02-28 07955415 frs-core:CurrentFinancialInstruments 2023-02-28 07955415 frs-core:ShareCapital 2023-02-28 07955415 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 07955415
A Sullivan Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07955415
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 267 314
267 314
CURRENT ASSETS
Stocks 5 3,228 2,362
Debtors 6 31,001 18,659
Cash at bank and in hand 14,462 6,436
48,691 27,457
Creditors: Amounts Falling Due Within One Year 7 (26,313 ) (17,376 )
NET CURRENT ASSETS (LIABILITIES) 22,378 10,081
TOTAL ASSETS LESS CURRENT LIABILITIES 22,645 10,395
NET ASSETS 22,645 10,395
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 22,545 10,295
SHAREHOLDERS' FUNDS 22,645 10,395
Page 1
Page 2
For the year ending 28 February 2024 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 A P Sullivan
Director
18th April 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
A Sullivan Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07955415 . The registered office is 12 Ashleigh Court, Henllys, Cwmbran, NP44 6HF.
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:
Computer Equipment 15% Reducing balance
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: 2 (2023: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2023 1,138
As at 28 February 2024 1,138
Depreciation
As at 1 March 2023 824
Provided during the period 47
As at 28 February 2024 871
Net Book Value
As at 28 February 2024 267
As at 1 March 2023 314
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5. Stocks
2024 2023
£ £
Work in progress 3,228 2,362
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 31,001 18,659
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 469 439
Taxation and social security 25,844 16,937
26,313 17,376
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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