Acorah Software Products - Accounts Production 14.5.601 false true false 15 August 2022 31 August 2023 31 August 2023 14295637 Mr R Ali Mr S Ali iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14295637 2022-08-14 14295637 2023-08-31 14295637 2022-08-15 2023-08-31 14295637 frs-core:CurrentFinancialInstruments 2023-08-31 14295637 frs-core:ComputerEquipment 2023-08-31 14295637 frs-core:ComputerEquipment 2022-08-15 2023-08-31 14295637 frs-core:ComputerEquipment 2022-08-14 14295637 frs-core:FurnitureFittings 2023-08-31 14295637 frs-core:FurnitureFittings 2022-08-15 2023-08-31 14295637 frs-core:FurnitureFittings 2022-08-14 14295637 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-31 14295637 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-08-15 2023-08-31 14295637 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-08-14 14295637 frs-core:PlantMachinery 2023-08-31 14295637 frs-core:PlantMachinery 2022-08-15 2023-08-31 14295637 frs-core:PlantMachinery 2022-08-14 14295637 frs-core:ShareCapital 2023-08-31 14295637 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 14295637 frs-bus:PrivateLimitedCompanyLtd 2022-08-15 2023-08-31 14295637 frs-bus:FilletedAccounts 2022-08-15 2023-08-31 14295637 frs-bus:SmallEntities 2022-08-15 2023-08-31 14295637 frs-bus:AuditExempt-NoAccountantsReport 2022-08-15 2023-08-31 14295637 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-15 2023-08-31 14295637 frs-bus:Director1 2022-08-15 2023-08-31 14295637 frs-bus:Director2 2022-08-15 2023-08-31 14295637 frs-countries:EnglandWales 2022-08-15 2023-08-31
Registered number: 14295637
So-Mini Ltd
Unaudited Financial Statements
For the Period 15 August 2022 to 31 August 2023
ICAEW
7A Oxford Road
Middlesbrough
TS5 5DY
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14295637
31 August 2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 118,347
118,347
CURRENT ASSETS
Stocks 5 50,755
Debtors 6 103,258
Cash at bank and in hand 114,016
268,029
Creditors: Amounts Falling Due Within One Year 7 (595,864 )
NET CURRENT ASSETS (LIABILITIES) (327,835 )
TOTAL ASSETS LESS CURRENT LIABILITIES (209,488 )
NET LIABILITIES (209,488 )
CAPITAL AND RESERVES
Called up share capital 8 100
Profit and Loss Account (209,588 )
SHAREHOLDERS' FUNDS (209,488)
Page 1
Page 2
For the period 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 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 S Ali
Director
27/03/2024
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
So-Mini Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14295637 . The registered office is 45 Linthorpe Road, Middlesbrough, TS1 5BS.
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.
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 10 years
Plant & Machinery over 5 years
Fixtures & Fittings over 5 years
Computer Equipment over 3 years
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 period was: 16
16
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 15 August 2022 - - - - -
Additions 59,501 1,464 67,717 7,818 136,500
As at 31 August 2023 59,501 1,464 67,717 7,818 136,500
Depreciation
As at 15 August 2022 - - - - -
Provided during the period 5,302 207 10,501 2,143 18,153
As at 31 August 2023 5,302 207 10,501 2,143 18,153
...CONTINUED
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Page 4
Net Book Value
As at 31 August 2023 54,199 1,257 57,216 5,675 118,347
As at 15 August 2022 - - - - -
5. Stocks
31 August 2023
£
Stock 50,755
6. Debtors
31 August 2023
£
Due within one year
Trade debtors 6,239
Prepayments and accrued income 91,036
Other debtors 5,983
103,258
7. Creditors: Amounts Falling Due Within One Year
31 August 2023
£
Trade creditors 24,320
Other taxes and social security 2,340
Other creditors 687
Accruals and deferred income 5,385
Directors' loan accounts 313,132
Amounts owed to related parties 250,000
595,864
8. Share Capital
31 August 2023
£
Allotted, Called up and fully paid 100
9. Other Commitments
Total financial commitments which are not included in the balance sheet amount to £507,813 relating to amounts payable under operating leases.  In respect of operating leases with break clauses exercisable by the company, future minimum payments are taken up to the date of the break clause.
10. Related Party Transactions
During the year the company received £250,000 from a company under common control. No interest has been charged on the loan and amounts are repayable on demand.
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