Acorah Software Products - Accounts Production 15.0.400 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 10418092 Mr Alin Manolache iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10418092 2022-10-31 10418092 2023-10-31 10418092 2022-11-01 2023-10-31 10418092 frs-core:CurrentFinancialInstruments 2023-10-31 10418092 frs-core:Non-currentFinancialInstruments 2023-10-31 10418092 frs-core:ComputerEquipment 2023-10-31 10418092 frs-core:ComputerEquipment 2022-11-01 2023-10-31 10418092 frs-core:ComputerEquipment 2022-10-31 10418092 frs-core:MotorVehicles 2023-10-31 10418092 frs-core:MotorVehicles 2022-11-01 2023-10-31 10418092 frs-core:MotorVehicles 2022-10-31 10418092 frs-core:PlantMachinery 2023-10-31 10418092 frs-core:PlantMachinery 2022-11-01 2023-10-31 10418092 frs-core:PlantMachinery 2022-10-31 10418092 frs-core:ShareCapital 2023-10-31 10418092 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 10418092 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10418092 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 10418092 frs-bus:SmallEntities 2022-11-01 2023-10-31 10418092 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 10418092 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 10418092 frs-bus:Director1 2022-11-01 2023-10-31 10418092 frs-countries:EnglandWales 2022-11-01 2023-10-31 10418092 2021-10-31 10418092 2022-10-31 10418092 2021-11-01 2022-10-31 10418092 frs-core:CurrentFinancialInstruments 2022-10-31 10418092 frs-core:Non-currentFinancialInstruments 2022-10-31 10418092 frs-core:ShareCapital 2022-10-31 10418092 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 10418092
SIDERISDELIVERY LTD
Unaudited Financial Statements
For The Year Ended 31 October 2023
67 Meridian Centre
Havant
Hampshire
PO9 1UN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10418092
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 47,433 43,571
47,433 43,571
CURRENT ASSETS
Cash at bank and in hand 12,908 9,341
12,908 9,341
Creditors: Amounts Falling Due Within One Year 5 (151,614 ) (127,127 )
NET CURRENT ASSETS (LIABILITIES) (138,706 ) (117,786 )
TOTAL ASSETS LESS CURRENT LIABILITIES (91,273 ) (74,215 )
Creditors: Amounts Falling Due After More Than One Year 6 (56,965 ) (114,717 )
NET LIABILITIES (148,238 ) (188,932 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (148,239 ) (188,933 )
SHAREHOLDERS' FUNDS (148,238) (188,932)
Page 1
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 Alin Manolache
Director
30/07/2024
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
SIDERISDELIVERY LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10418092 . The registered office is 150a Haslemere Road, Southsea, PO4 9AS.
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.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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% Straight line depreciation
Motor Vehicles 33.33% Straight line depreciation
Computer Equipment 25% straight line depreciation
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 3)
2 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2022 - 233,277 10,282 243,559
Additions 54,237 - 3,490 57,727
As at 31 October 2023 54,237 233,277 13,772 301,286
Depreciation
As at 1 November 2022 - 191,696 8,292 199,988
Provided during the period 9,655 - 2,629 12,284
Disposals - 41,581 - 41,581
As at 31 October 2023 9,655 233,277 10,921 253,853
Net Book Value
As at 31 October 2023 44,582 - 2,851 47,433
As at 1 November 2022 - 41,581 1,990 43,571
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5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts (5,045 ) 5,841
Other taxes and social security 2,392 2,392
VAT 2,590 2,590
Director's loan account 151,677 116,304
151,614 127,127
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 56,965 114,717
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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