Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 01963412 Mr Jeffrey Hewitt-Dutton Mrs Josephine Hewitt-Dutton Mrs Josephine Hewitt-Dutton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01963412 2023-03-31 01963412 2024-03-31 01963412 2023-04-01 2024-03-31 01963412 frs-core:CurrentFinancialInstruments 2024-03-31 01963412 frs-core:Non-currentFinancialInstruments 2024-03-31 01963412 frs-core:ComputerEquipment 2024-03-31 01963412 frs-core:ComputerEquipment 2023-04-01 2024-03-31 01963412 frs-core:ComputerEquipment 2023-03-31 01963412 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 01963412 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 01963412 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 01963412 frs-core:MotorVehicles 2024-03-31 01963412 frs-core:MotorVehicles 2023-04-01 2024-03-31 01963412 frs-core:MotorVehicles 2023-03-31 01963412 frs-core:ShareCapital 2024-03-31 01963412 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 01963412 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01963412 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 01963412 frs-bus:SmallEntities 2023-04-01 2024-03-31 01963412 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01963412 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 01963412 frs-bus:Director1 2023-04-01 2024-03-31 01963412 frs-bus:Director2 2023-04-01 2024-03-31 01963412 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 01963412 frs-core:CurrentFinancialInstruments 1 2024-03-31 01963412 frs-countries:EnglandWales 2023-04-01 2024-03-31 01963412 2022-03-31 01963412 2023-03-31 01963412 2022-04-01 2023-03-31 01963412 frs-core:CurrentFinancialInstruments 2023-03-31 01963412 frs-core:Non-currentFinancialInstruments 2023-03-31 01963412 frs-core:ShareCapital 2023-03-31 01963412 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 01963412 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 01963412
South Ridge Interiors Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01963412
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,379 17,456
13,379 17,456
CURRENT ASSETS
Stocks 5 - 2,650
Debtors 6 316,818 319,665
Cash at bank and in hand 24,380 4,326
341,198 326,641
Creditors: Amounts Falling Due Within One Year 7 (336,750 ) (315,812 )
NET CURRENT ASSETS (LIABILITIES) 4,448 10,829
TOTAL ASSETS LESS CURRENT LIABILITIES 17,827 28,285
Creditors: Amounts Falling Due After More Than One Year 8 (17,365 ) (27,442 )
NET ASSETS 462 843
CAPITAL AND RESERVES
Called up share capital 9 204 204
Profit and Loss Account 258 639
SHAREHOLDERS' FUNDS 462 843
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
Mrs Josephine Hewitt-Dutton
Director
18/04/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
South Ridge Interiors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01963412 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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.
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 15% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 15% on reducing balance
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.
2.5. 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
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.
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 6,000 22,795 8,038 36,833
Disposals - (2,800 ) - (2,800 )
As at 31 March 2024 6,000 19,995 8,038 34,033
Depreciation
As at 1 April 2023 5,895 10,331 3,151 19,377
Provided during the period 16 3,047 734 3,797
Disposals - (2,520 ) - (2,520 )
As at 31 March 2024 5,911 10,858 3,885 20,654
Net Book Value
As at 31 March 2024 89 9,137 4,153 13,379
As at 1 April 2023 105 12,464 4,887 17,456
5. Stocks
2024 2023
£ £
Work in progress - 2,650
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 229,720 249,179
Prepayments and accrued income 3,077 4,230
Other debtors 700 -
Intercompany 634 598
Deferred tax current asset 3,559 2,515
VAT 27,584 18,140
Directors' loan accounts 51,544 45,003
316,818 319,665
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 285,337 248,086
Bank loans and overdrafts 10,077 43,836
Corporation tax 25,261 5,284
Other taxes and social security 11,576 2,288
Other creditors 937 170
Accruals and deferred income 2,750 14,491
Directors' loan accounts 812 1,657
336,750 315,812
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 17,365 27,442
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 204 204
10. Related Party Transactions
Included in the Other Creditors is an amount owed to the company director Mrs J Hewitt-Durron totalling £812 (2023 - £1,657), no interest is to be charged.
Included in the Other Debtors is an amount owed from the company director Mr J Hewitt-Durron totalling £24,441 (2023 - £12,900), no interest is to be charged.
Included in the Other Debtors is an amount owed from the company shareholder Mrs X Fu totalling £27,103 (2023 - £32,103), no interest is to be charged.
Page 5