Acorah Software Products - Accounts Production 14.5.601 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 13532901 Mr Wayne Fundalski Mr Lloyd Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13532901 2022-10-31 13532901 2023-10-31 13532901 2022-11-01 2023-10-31 13532901 frs-core:CurrentFinancialInstruments 2023-10-31 13532901 frs-core:MotorVehicles 2023-10-31 13532901 frs-core:MotorVehicles 2022-11-01 2023-10-31 13532901 frs-core:MotorVehicles 2022-10-31 13532901 frs-core:PlantMachinery 2023-10-31 13532901 frs-core:PlantMachinery 2022-11-01 2023-10-31 13532901 frs-core:PlantMachinery 2022-10-31 13532901 frs-core:ShareCapital 2023-10-31 13532901 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 13532901 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 13532901 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 13532901 frs-bus:SmallEntities 2022-11-01 2023-10-31 13532901 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 13532901 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 13532901 frs-bus:Director1 2022-11-01 2023-10-31 13532901 frs-bus:Director2 2022-11-01 2023-10-31 13532901 frs-countries:EnglandWales 2022-11-01 2023-10-31 13532901 2021-10-31 13532901 2022-10-31 13532901 2021-11-01 2022-10-31 13532901 frs-core:CurrentFinancialInstruments 2022-10-31 13532901 frs-core:ShareCapital 2022-10-31 13532901 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 13532901
Shear Testing Systems Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
James Khan
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13532901
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 30,061 33,964
30,061 33,964
CURRENT ASSETS
Debtors 4 21,683 19,940
Cash at bank and in hand 1,409 14,153
23,092 34,093
Creditors: Amounts Falling Due Within One Year 5 (37,014 ) (32,103 )
NET CURRENT ASSETS (LIABILITIES) (13,922 ) 1,990
TOTAL ASSETS LESS CURRENT LIABILITIES 16,139 35,954
NET ASSETS 16,139 35,954
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 16,039 35,854
SHAREHOLDERS' FUNDS 16,139 35,954
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For the year ending 31 October 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 Wayne Fundalski
Director
Mr Lloyd Smith
Director
08/11/2023
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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 10% straight line
Motor Vehicles 15% reducing balance
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2022: 2)
2 2
3. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 November 2022 31,127 7,000 38,127
Additions 107 - 107
As at 31 October 2023 31,234 7,000 38,234
Depreciation
As at 1 November 2022 3,113 1,050 4,163
Provided during the period 3,117 893 4,010
As at 31 October 2023 6,230 1,943 8,173
Net Book Value
As at 31 October 2023 25,004 5,057 30,061
As at 1 November 2022 28,014 5,950 33,964
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4. Debtors
2023 2022
£ £
Due within one year
Trade debtors 16,498 17,444
Other debtors 5,185 2,496
21,683 19,940
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 36,159 29,530
Taxation and social security 855 2,573
37,014 32,103
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
7. General Information
Shear Testing Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13532901 . The registered office is 33 Teasel Avenue, Penarth, CF64 2QE.
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