Registered number
11595244
IGNACIO SARMIENTO SOFTWARE SOLUTIONS LTD
Filleted Accounts
30 September 2023
IGNACIO SARMIENTO SOFTWARE SOLUTIONS LTD
Registered number: 11595244
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 306 187
Current assets
Debtors 4 10,800 16,560
Cash at bank and in hand 276,683 231,378
287,483 247,938
Creditors: amounts falling due within one year 5 (72,798) (71,648)
Net current assets 214,685 176,290
Net assets 214,991 176,477
Capital and reserves
Called up share capital 100 100
Profit and loss account 214,891 176,377
Shareholder's funds 214,991 176,477
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ignacio Sarmiento Losada
Director
Approved by the board on 17 April 2024
IGNACIO SARMIENTO SOFTWARE SOLUTIONS LTD
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Computer equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2022 281
Additions 319
At 30 September 2023 600
Depreciation
At 1 October 2022 94
Charge for the year 200
At 30 September 2023 294
Net book value
At 30 September 2023 306
At 30 September 2022 187
4 Debtors 2023 2022
£ £
Trade debtors 10,800 16,560
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 8
VAT 3,182 5,157
Taxation and social security costs 23,752 25,039
Other creditors 45,864 41,444
72,798 71,648
6 Other information
IGNACIO SARMIENTO SOFTWARE SOLUTIONS LTD is a private company limited by shares and incorporated in England. Its registered office is:
565 Green Lanes
London
N8 0RL
IGNACIO SARMIENTO SOFTWARE SOLUTIONS LTD 11595244 false 2022-10-01 2023-09-30 2023-09-30 VT Final Accounts April 2024 Ignacio Sarmiento Losada No description of principal activity 11595244 2021-10-01 2022-09-30 11595244 core:WithinOneYear 2022-09-30 11595244 core:ShareCapital 2022-09-30 11595244 core:RetainedEarningsAccumulatedLosses 2022-09-30 11595244 2022-10-01 2023-09-30 11595244 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 11595244 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 11595244 bus:Director40 2022-10-01 2023-09-30 11595244 1 2022-10-01 2023-09-30 11595244 2 2022-10-01 2023-09-30 11595244 core:PlantMachinery 2022-10-01 2023-09-30 11595244 countries:England 2022-10-01 2023-09-30 11595244 bus:FRS102 2022-10-01 2023-09-30 11595244 bus:FilletedAccounts 2022-10-01 2023-09-30 11595244 2023-09-30 11595244 core:WithinOneYear 2023-09-30 11595244 core:ShareCapital 2023-09-30 11595244 core:RetainedEarningsAccumulatedLosses 2023-09-30 11595244 core:PlantMachinery 2023-09-30 11595244 2022-09-30 11595244 core:PlantMachinery 2022-09-30 iso4217:GBP xbrli:pure