Acorah Software Products - Accounts Production 14.5.601 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 12990055 Mr E T Painter Mrs E J Patrick Mr A G Edwards iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12990055 2022-11-30 12990055 2023-11-30 12990055 2022-12-01 2023-11-30 12990055 frs-core:CurrentFinancialInstruments 2023-11-30 12990055 frs-core:BetweenOneFiveYears 2023-11-30 12990055 frs-core:ComputerEquipment 2022-12-01 2023-11-30 12990055 frs-core:FurnitureFittings 2022-12-01 2023-11-30 12990055 frs-core:WithinOneYear 2023-11-30 12990055 frs-core:ShareCapital 2023-11-30 12990055 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 12990055 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12990055 frs-bus:AbridgedAccounts 2022-12-01 2023-11-30 12990055 frs-bus:SmallEntities 2022-12-01 2023-11-30 12990055 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 12990055 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 12990055 frs-bus:Director1 2022-12-01 2023-11-30 12990055 frs-bus:Director2 2022-12-01 2023-11-30 12990055 frs-bus:Director3 2022-12-01 2023-11-30 12990055 frs-countries:EnglandWales 2022-12-01 2023-11-30 12990055 2021-11-30 12990055 2022-11-30 12990055 2021-12-01 2022-11-30 12990055 frs-core:CurrentFinancialInstruments 2022-11-30 12990055 frs-core:BetweenOneFiveYears 2022-11-30 12990055 frs-core:WithinOneYear 2022-11-30 12990055 frs-core:ShareCapital 2022-11-30 12990055 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 12990055
Sylvan Financial Management Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 November 2023
Allen Mills Howard & Co
Chartered Accountants
Lewis House
56 Manchester Road
Altrincham
Cheshire
WA14 4PJ
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 12990055
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,003 2,912
6,003 2,912
CURRENT ASSETS
Debtors 29,581 13,785
Cash at bank and in hand 116,065 83,747
145,646 97,532
Creditors: Amounts Falling Due Within One Year (71,183 ) (42,227 )
NET CURRENT ASSETS (LIABILITIES) 74,463 55,305
TOTAL ASSETS LESS CURRENT LIABILITIES 80,466 58,217
NET ASSETS 80,466 58,217
CAPITAL AND RESERVES
Called up share capital 5 24,012 24,012
Profit and Loss Account 56,454 34,205
SHAREHOLDERS' FUNDS 80,466 58,217
Page 1
Page 2
For the year ending 30 November 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 November 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr E T Painter
Director
Mrs E J Patrick
Director
8th February 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Sylvan Financial Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12990055 . The registered office is 5300 Lakeside, Cheadle, SK8 3GP.
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, value added tax and other sales taxes. 
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:
Fixtures & Fittings 15% on cost
Computer Equipment 33.33% on cost
2.4. Taxation
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.
Page 3
Page 4
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2022: 6)
7 6
4. Tangible Assets
Total
£
Cost
As at 1 December 2022 5,959
Additions 5,963
As at 30 November 2023 11,922
Depreciation
As at 1 December 2022 3,047
Provided during the period 2,872
As at 30 November 2023 5,919
Net Book Value
As at 30 November 2023 6,003
As at 1 December 2022 2,912
5. Share Capital
2023 2022
£ £
Called Up Share Capital not Paid 12 12
Called Up Share Capital has been paid up 24,000 24,000
Amount of Allotted, Called Up Share Capital 24,012 24,012
Page 4
Page 5
6. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 942 633
Later than one year and not later than five years 1,451 840
2,393 1,473
Page 5