Acorah Software Products - Accounts Production 15.0.500 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 07838672 Mr Glen Drysdale Mrs Julia Drysdale iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07838672 2022-08-31 07838672 2023-08-31 07838672 2022-09-01 2023-08-31 07838672 frs-core:CurrentFinancialInstruments 2023-08-31 07838672 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-09-01 2023-08-31 07838672 frs-core:OtherResidualIntangibleAssets 2023-08-31 07838672 frs-core:OtherResidualIntangibleAssets 2022-08-31 07838672 frs-core:PlantMachinery 2023-08-31 07838672 frs-core:PlantMachinery 2022-09-01 2023-08-31 07838672 frs-core:PlantMachinery 2022-08-31 07838672 frs-core:ShareCapital 2023-08-31 07838672 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 07838672 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 07838672 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 07838672 frs-bus:SmallEntities 2022-09-01 2023-08-31 07838672 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 07838672 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 07838672 frs-bus:Director1 2022-09-01 2023-08-31 07838672 frs-bus:Director2 2022-09-01 2023-08-31 07838672 frs-countries:EnglandWales 2022-09-01 2023-08-31 07838672 2021-08-31 07838672 2022-08-31 07838672 2021-09-01 2022-08-31 07838672 frs-core:CurrentFinancialInstruments 2022-08-31 07838672 frs-core:ShareCapital 2022-08-31 07838672 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 07838672
The Black Seagull Limited
Unaudited Financial Statements
For The Year Ended 31 August 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07838672
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 41,356 55,095
41,356 55,095
CURRENT ASSETS
Stocks 5,550 5,550
Debtors 6 132,849 116,139
Cash at bank and in hand 39,635 76,577
178,034 198,266
Creditors: Amounts Falling Due Within One Year 7 (119,396 ) (132,973 )
NET CURRENT ASSETS (LIABILITIES) 58,638 65,293
TOTAL ASSETS LESS CURRENT LIABILITIES 99,994 120,388
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,099 ) (11,266 )
NET ASSETS 91,895 109,122
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 91,795 109,022
SHAREHOLDERS' FUNDS 91,895 109,122
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For the year ending 31 August 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.
On behalf of the board
Mr Glen Drysdale
Director
28/05/2024
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
The Black Seagull Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07838672 . The registered office is 36 UNION STREET, RYDE, ISLE OF WIGHT, PO33 2LE.
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.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are franchise licences. It is amortised to the profit and loss account over its estimated economic life of 10 years.
2.4. 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 10% on cost, 20% on cost, 20% reducing balance
2.5. 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.
2.6. 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.8. 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: 48 (2022: 50)
48 50
4. Intangible Assets
Other Intangible Assets
£
Cost
As at 1 September 2022 15,000
As at 31 August 2023 15,000
Amortisation
As at 1 September 2022 15,000
As at 31 August 2023 15,000
Net Book Value
As at 31 August 2023 -
As at 1 September 2022 -
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 September 2022 334,146
Additions 1,300
As at 31 August 2023 335,446
Depreciation
As at 1 September 2022 279,051
Provided during the period 15,039
As at 31 August 2023 294,090
Net Book Value
As at 31 August 2023 41,356
As at 1 September 2022 55,095
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 22,264 14,046
Other debtors 110,585 102,093
132,849 116,139
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 21,085 15,686
Bank loans and overdrafts 8,785 14,180
Other creditors 40,461 26,744
Taxation and social security 49,065 76,363
119,396 132,973
8. Secured Creditors
Of the creditors the following amounts are secured by a fixed and floating charge over company assets.
2023 2022
£ £
Bank loans and overdrafts 8,785 14,180
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are loans to directors of £77,937 (2022: £70,636). During the year, amounts were advanced to the directors totalling £7,301. The loans are unsecured, interest free and repayable on demand.
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