Acorah Software Products - Accounts Production 14.6.300 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 8151140 Mr Huw Stone Mr Kerri Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 8151140 2022-07-31 8151140 2023-07-31 8151140 2022-08-01 2023-07-31 8151140 frs-core:CurrentFinancialInstruments 2023-07-31 8151140 frs-core:FurnitureFittings 2023-07-31 8151140 frs-core:FurnitureFittings 2022-08-01 2023-07-31 8151140 frs-core:FurnitureFittings 2022-07-31 8151140 frs-core:PlantMachinery 2023-07-31 8151140 frs-core:PlantMachinery 2022-08-01 2023-07-31 8151140 frs-core:PlantMachinery 2022-07-31 8151140 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 8151140 frs-bus:CompanyLimitedByGuarantee 2022-08-01 2023-07-31 8151140 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 8151140 frs-bus:SmallEntities 2022-08-01 2023-07-31 8151140 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 8151140 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 8151140 frs-bus:Director1 2022-08-01 2023-07-31 8151140 frs-bus:Director2 2022-08-01 2023-07-31 8151140 frs-countries:EnglandWales 2022-08-01 2023-07-31 8151140 2021-07-31 8151140 2022-07-31 8151140 2021-08-01 2022-07-31 8151140 frs-core:CurrentFinancialInstruments 2022-07-31 8151140 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31 8151140 frs-core:CurrentFinancialInstruments 1 2022-07-31
Registered number: 8151140
Seaside Sports & Social Club Ltd
Financial Statements
For The Year Ended 31 July 2023
EasyBooks Wales Ltd
Unit 4, Dragon 24 North Dock
Llanelli
SA15 2LF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 8151140
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,666 6,974
3,666 6,974
CURRENT ASSETS
Stocks 5 6,846 6,089
Debtors 6 - 618
Cash at bank and in hand 29,948 59,886
36,794 66,593
Creditors: Amounts Falling Due Within One Year 7 (7,363 ) (10,549 )
NET CURRENT ASSETS (LIABILITIES) 29,431 56,044
TOTAL ASSETS LESS CURRENT LIABILITIES 33,097 63,018
NET ASSETS 33,097 63,018
Income and Expenditure Account 33,097 63,018
MEMBERS' FUNDS 33,097 63,018
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For the year ending 31 July 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 Income and Expenditure Account.
On behalf of the board
Mr Kerri Williams
Director
31/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Seaside Sports & Social Club Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 8151140 . The registered office is Crown Park Clubhouse Crown Park, Seaside, Llanelli, Dyfed, SA15 2PB.
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 January 2015).
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:
Plant & Machinery 25% Straight Line
Fixtures & Fittings 25% Straight Line
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 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.
...CONTINUED
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2.5. Taxation - continued
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 during the year was  5 (2022: 5)
5 5
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2022 12,858 67,150 80,008
Disposals (4,904 ) (2,125 ) (7,029 )
As at 31 July 2023 7,954 65,025 72,979
Depreciation
As at 1 August 2022 10,131 62,903 73,034
Provided during the period 606 1,326 1,932
Disposals (4,161 ) (1,492 ) (5,653 )
As at 31 July 2023 6,576 62,737 69,313
Net Book Value
As at 31 July 2023 1,378 2,288 3,666
As at 1 August 2022 2,727 4,247 6,974
5. Stocks
2023 2022
£ £
Finished goods 6,846 6,089
6. Debtors
2023 2022
£ £
Due within one year
VAT - 618
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (103 ) 1,565
Bank loans and overdrafts 725 -
Corporation tax (3 ) 2,998
Other taxes and social security 508 361
VAT 4,638 -
Other creditors (Machine Games Duty) 698 255
Other creditors (1) - 4,470
Accruals and deferred income 900 900
7,363 10,549
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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