Acorah Software Products - Accounts Production 14.6.300 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 3062092 Mr R Riffer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 3062092 2022-10-31 3062092 2023-10-31 3062092 2022-11-01 2023-10-31 3062092 frs-core:CurrentFinancialInstruments 2023-10-31 3062092 frs-core:Non-currentFinancialInstruments 2023-10-31 3062092 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 3062092 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 3062092 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-10-31 3062092 frs-core:PlantMachinery 2023-10-31 3062092 frs-core:PlantMachinery 2022-11-01 2023-10-31 3062092 frs-core:PlantMachinery 2022-10-31 3062092 frs-core:ShareCapital 2023-10-31 3062092 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 3062092 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 3062092 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 3062092 frs-bus:SmallEntities 2022-11-01 2023-10-31 3062092 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 3062092 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 3062092 frs-bus:Director1 2022-11-01 2023-10-31 3062092 frs-countries:EnglandWales 2022-11-01 2023-10-31 3062092 2021-10-31 3062092 2022-10-31 3062092 2021-11-01 2022-10-31 3062092 frs-core:CurrentFinancialInstruments 2022-10-31 3062092 frs-core:Non-currentFinancialInstruments 2022-10-31 3062092 frs-core:ShareCapital 2022-10-31 3062092 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 3062092
Sun Valley Developments
Unaudited Financial Statements
For The Year Ended 31 October 2023
Bayside Business Centre
48 Willis Way
Poole
Dorset
BH15 3TB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 3062092
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,398 21,633
21,398 21,633
CURRENT ASSETS
Debtors 5 180,891 176,586
Cash at bank and in hand 2,868 3,847
183,759 180,433
Creditors: Amounts Falling Due Within One Year 6 (2,216 ) (2,225 )
NET CURRENT ASSETS (LIABILITIES) 181,543 178,208
TOTAL ASSETS LESS CURRENT LIABILITIES 202,941 199,841
Creditors: Amounts Falling Due After More Than One Year 7 (117,812 ) (117,811 )
NET ASSETS 85,129 82,030
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 85,029 81,930
SHAREHOLDERS' FUNDS 85,129 82,030
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Page 2
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 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 R Riffer
Director
29/07/2024
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
Sun Valley Developments is a private company, limited by shares, incorporated in England & Wales, registered number 3062092 . The registered office is The Fox House, The Parade Blandford Road, Poole, Dorset, BH15 4BH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Freehold nil
Plant & Machinery 20% Reducing balance
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 year 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 asset reflects 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: NIL (2022: NIL)
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 November 2022 20,460 50,781 71,241
As at 31 October 2023 20,460 50,781 71,241
Depreciation
As at 1 November 2022 - 49,608 49,608
Provided during the period - 235 235
As at 31 October 2023 - 49,843 49,843
Net Book Value
As at 31 October 2023 20,460 938 21,398
As at 1 November 2022 20,460 1,173 21,633
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 52,633 48,328
Other debtors 128,258 128,258
180,891 176,586
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,495 1,496
Corporation tax 721 729
2,216 2,225
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Directors loan account 117,812 117,811
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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