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Registered number: 10072843
Sentinel Fire And Security Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Hub Accountants Limited
Chartered Accountants
1C Fridays Court
3-5 High Street
Ringwood
Hampshire
BH24 1AB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 10072843
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,136 15,364
23,136 15,364
CURRENT ASSETS
Stocks 5 521,436 447,654
Debtors 6 344,939 231,563
Cash at bank and in hand 43,134 14,027
909,509 693,244
Creditors: Amounts Falling Due Within One Year 7 (783,473 ) (624,328 )
NET CURRENT ASSETS (LIABILITIES) 126,036 68,916
TOTAL ASSETS LESS CURRENT LIABILITIES 149,172 84,280
Creditors: Amounts Falling Due After More Than One Year 8 (36,599 ) (79,282 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,784 ) (2,919 )
NET ASSETS 106,789 2,079
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 106,689 1,979
SHAREHOLDERS' FUNDS 106,789 2,079
Page 1
Page 2
For the year ending 31 March 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 Niall Harper
Director
Mr Grant Betts
Director
5th April 2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sentinel Fire And Security Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10072843 . The registered office is First Floor, Unit 17 Branksome Business Park, Bourne Valley Road, Poole, BH12 1DW.
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 Over the length of the lease
Plant & Machinery 4 Years straight line
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 4 Years straight line
Computer Equipment 3 Years straight line
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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.
2.5. 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.
2.6. 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.
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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2023: 21)
20 21
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2023 - 3,835 19,351 8,488
Additions 3,367 12,284 - -
As at 31 March 2024 3,367 16,119 19,351 8,488
Depreciation
As at 1 April 2023 - 1,706 14,662 4,623
Provided during the period 1,122 4,029 1,173 2,122
As at 31 March 2024 1,122 5,735 15,835 6,745
Net Book Value
As at 31 March 2024 2,245 10,384 3,516 1,743
As at 1 April 2023 - 2,129 4,689 3,865
Computer Equipment Total
£ £
Cost
As at 1 April 2023 12,657 44,331
Additions 5,848 21,499
As at 31 March 2024 18,505 65,830
Depreciation
As at 1 April 2023 7,976 28,967
Provided during the period 5,281 13,727
As at 31 March 2024 13,257 42,694
Net Book Value
As at 31 March 2024 5,248 23,136
As at 1 April 2023 4,681 15,364
Page 5
Page 6
5. Stocks
2024 2023
£ £
Stock 521,436 447,654
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 316,699 197,851
Prepayments and accrued income 28,240 4,413
Other debtors - 19,150
Directors' loan accounts - 10,149
344,939 231,563
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 372,676 191,593
Bank loans and overdrafts 35,236 68,939
Corporation tax 103,743 35,252
Other taxes and social security 9,108 567
VAT 135,679 205,720
Pension payable 2,617 1,983
Accruals and deferred income 124,414 120,274
783,473 624,328
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 36,599 79,282
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Other Commitments
The total of future lease payments under non-cancellable operating leases amoount to £166,503.
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11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Niall Harper 5,055 - (5,055 ) - -
Mr Aaron Keith 5,094 - (5,094 ) - -
The above loan is unsecured, interest free and repayable on demand.
12. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 131,617 84,000
Page 7