Acorah Software Products - Accounts Production 14.6.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 01511741 Mr James Biggin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01511741 2023-03-31 01511741 2024-03-31 01511741 2023-04-01 2024-03-31 01511741 frs-core:CurrentFinancialInstruments 2024-03-31 01511741 frs-core:Non-currentFinancialInstruments 2024-03-31 01511741 frs-core:BetweenOneFiveYears 2024-03-31 01511741 frs-core:ComputerEquipment 2024-03-31 01511741 frs-core:ComputerEquipment 2023-04-01 2024-03-31 01511741 frs-core:ComputerEquipment 2023-03-31 01511741 frs-core:MotorVehicles 2024-03-31 01511741 frs-core:MotorVehicles 2023-04-01 2024-03-31 01511741 frs-core:MotorVehicles 2023-03-31 01511741 frs-core:PlantMachinery 2024-03-31 01511741 frs-core:PlantMachinery 2023-04-01 2024-03-31 01511741 frs-core:PlantMachinery 2023-03-31 01511741 frs-core:WithinOneYear 2024-03-31 01511741 frs-core:CapitalRedemptionReserve 2024-03-31 01511741 frs-core:ShareCapital 2024-03-31 01511741 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 01511741 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01511741 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 01511741 frs-bus:SmallEntities 2023-04-01 2024-03-31 01511741 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01511741 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 01511741 frs-core:UnlistedNon-exchangeTraded 2024-03-31 01511741 frs-core:UnlistedNon-exchangeTraded 2023-03-31 01511741 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 01511741 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 01511741 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 01511741 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 01511741 frs-bus:Director1 2023-04-01 2024-03-31 01511741 frs-core:CurrentFinancialInstruments 1 2024-03-31 01511741 frs-core:CurrentFinancialInstruments 2 2024-03-31 01511741 frs-core:CurrentFinancialInstruments 3 2024-03-31 01511741 frs-core:CurrentFinancialInstruments 4 2024-03-31 01511741 frs-countries:EnglandWales 2023-04-01 2024-03-31 01511741 2022-03-31 01511741 2023-03-31 01511741 2022-04-01 2023-03-31 01511741 frs-core:CurrentFinancialInstruments 2023-03-31 01511741 frs-core:Non-currentFinancialInstruments 2023-03-31 01511741 frs-core:BetweenOneFiveYears 2023-03-31 01511741 frs-core:WithinOneYear 2023-03-31 01511741 frs-core:CapitalRedemptionReserve 2023-03-31 01511741 frs-core:ShareCapital 2023-03-31 01511741 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 01511741 frs-core:CurrentFinancialInstruments 1 2023-03-31 01511741 frs-core:CurrentFinancialInstruments 2 2023-03-31 01511741 frs-core:CurrentFinancialInstruments 3 2023-03-31 01511741 frs-core:CurrentFinancialInstruments 4 2023-03-31
Registered number: 01511741
Steel City Marketing Limited
Financial Statements
For The Year Ended 31 March 2024
Gravitate Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01511741
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 57,052 9,832
Investments 5 3,179 3,179
60,231 13,011
CURRENT ASSETS
Stocks 6 19,358 28,383
Debtors 7 216,899 312,497
Cash at bank and in hand 462,006 173,881
698,263 514,761
Creditors: Amounts Falling Due Within One Year 8 (546,113 ) (334,156 )
NET CURRENT ASSETS (LIABILITIES) 152,150 180,605
TOTAL ASSETS LESS CURRENT LIABILITIES 212,381 193,616
Creditors: Amounts Falling Due After More Than One Year 9 (20,833 ) (30,857 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,840 ) (2,444 )
NET ASSETS 180,708 160,315
CAPITAL AND RESERVES
Called up share capital 10 5,001 5,001
Capital redemption reserve 5,000 5,000
Profit and Loss Account 170,707 150,314
SHAREHOLDERS' FUNDS 180,708 160,315
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 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 James Biggin
Director
25/07/2024
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
Steel City Marketing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01511741 . The registered office is The Don Press, New Street, Sheffield, South Yorkshire, S1 2DN.
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:
Plant & Machinery 20% on cost
Motor Vehicles 25% on reducing balance
Computer Equipment 25% 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. Financial Instruments
Debtors and creditors with no stated interest rate, and repayable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss account within overheads.
2.6. 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 29,273 - - 29,273
Additions - 52,717 535 53,252
As at 31 March 2024 29,273 52,717 535 82,525
Depreciation
As at 1 April 2023 19,441 - - 19,441
Provided during the period 3,824 2,197 11 6,032
As at 31 March 2024 23,265 2,197 11 25,473
Net Book Value
As at 31 March 2024 6,008 50,520 524 57,052
As at 1 April 2023 9,832 - - 9,832
5. Investments
Unlisted
£
Cost
As at 1 April 2023 3,179
As at 31 March 2024 3,179
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 3,179
As at 1 April 2023 3,179
6. Stocks
2024 2023
£ £
Stock 19,358 28,383
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 187,030 178,428
Other debtors 29,869 134,069
216,899 312,497
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 427,232 274,331
Bank loans and overdrafts 10,000 10,000
Corporation tax 35,017 2,234
Other taxes and social security 6,201 4,746
VAT 16,269 5,791
Pension creditor 1,271 135
Other creditors - RB 20,000 20,000
Other creditors - Capital on Tap 6,243 -
Other creditors - Mastercard 1,530 4,460
Accruals and deferred income 19,032 12,459
Director's loan account 3,318 -
546,113 334,156
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 20,833 30,857
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5,001 5,001
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 6,379 9,747
Later than one year and not later than five years 7,442 11,494
13,821 21,241
12. Related Party Transactions
The company has taken advantage of exemption conferred by FRS 102 S33,1A, removing the requirement to disclose transactions between group members. 
As at 31 March 2024 amounts owed by entites under common control total NIL (2023 - 109,113).
Page 5