Acorah Software Products - Accounts Production 14.5.601 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 07346849 Mr Nicholas Dew iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07346849 2022-08-31 07346849 2023-08-31 07346849 2022-09-01 2023-08-31 07346849 frs-core:CurrentFinancialInstruments 2023-08-31 07346849 frs-core:MotorVehicles 2023-08-31 07346849 frs-core:MotorVehicles 2022-09-01 2023-08-31 07346849 frs-core:MotorVehicles 2022-08-31 07346849 frs-core:PlantMachinery 2023-08-31 07346849 frs-core:PlantMachinery 2022-09-01 2023-08-31 07346849 frs-core:PlantMachinery 2022-08-31 07346849 frs-core:ShareCapital 2023-08-31 07346849 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 07346849 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 07346849 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 07346849 frs-bus:SmallEntities 2022-09-01 2023-08-31 07346849 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 07346849 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 07346849 frs-bus:Director1 2022-09-01 2023-08-31 07346849 frs-countries:EnglandWales 2022-09-01 2023-08-31 07346849 2021-08-31 07346849 2022-08-31 07346849 2021-09-01 2022-08-31 07346849 frs-core:CurrentFinancialInstruments 2022-08-31 07346849 frs-core:ShareCapital 2022-08-31 07346849 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 07346849
Sports Surface Maintenance Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07346849
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,759 16,442
12,759 16,442
CURRENT ASSETS
Debtors 5 41,483 42,240
Cash at bank and in hand 350,325 306,975
391,808 349,215
Creditors: Amounts Falling Due Within One Year 6 (141,225 ) (116,026 )
NET CURRENT ASSETS (LIABILITIES) 250,583 233,189
TOTAL ASSETS LESS CURRENT LIABILITIES 263,342 249,631
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,424 ) (3,124 )
NET ASSETS 260,918 246,507
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 260,818 246,407
SHAREHOLDERS' FUNDS 260,918 246,507
Page 1
Page 2
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Nicholas Dew
Director
15/04/2024
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
Sports Surface Maintenance Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07346849 . The registered office is 36 Hythegate, Peterborough, Cambs, PE4 7ZP.
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% straight line
Motor Vehicles 25% straight line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
Page 3
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 September 2022 75,575 19,871 95,446
Additions 570 - 570
As at 31 August 2023 76,145 19,871 96,016
Depreciation
As at 1 September 2022 61,785 17,219 79,004
Provided during the period 3,590 663 4,253
As at 31 August 2023 65,375 17,882 83,257
Net Book Value
As at 31 August 2023 10,770 1,989 12,759
As at 1 September 2022 13,790 2,652 16,442
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 39,838 40,595
Corporation tax recoverable assets 1,645 1,645
41,483 42,240
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 45 3,545
Corporation tax 14,282 14,892
Other taxes and social security 1,629 4,390
VAT 3,167 7,942
Accruals and deferred income 995 995
Director's loan account 121,107 84,262
141,225 116,026
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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