Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2023 1 April 2022 false 1 April 2023 31 October 2023 31 October 2023 08461181 Mr Stephen Holland iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08461181 2023-03-31 08461181 2023-10-31 08461181 2023-04-01 2023-10-31 08461181 frs-core:CurrentFinancialInstruments 2023-10-31 08461181 frs-core:Non-currentFinancialInstruments 2023-10-31 08461181 frs-core:PlantMachinery 2023-10-31 08461181 frs-core:PlantMachinery 2023-04-01 2023-10-31 08461181 frs-core:PlantMachinery 2023-03-31 08461181 frs-core:ShareCapital 2023-10-31 08461181 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 08461181 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2023-10-31 08461181 frs-bus:FilletedAccounts 2023-04-01 2023-10-31 08461181 frs-bus:SmallEntities 2023-04-01 2023-10-31 08461181 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2023-10-31 08461181 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2023-10-31 08461181 frs-bus:Director1 2023-04-01 2023-10-31 08461181 frs-countries:EnglandWales 2023-04-01 2023-10-31 08461181 2022-03-31 08461181 2023-03-31 08461181 2022-04-01 2023-03-31 08461181 frs-core:CurrentFinancialInstruments 2023-03-31 08461181 frs-core:Non-currentFinancialInstruments 2023-03-31 08461181 frs-core:ShareCapital 2023-03-31 08461181 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08461181
Stephen Holland Limited
Unaudited Financial Statements
For the Period 1 April 2023 to 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08461181
31 October 2023 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,038 2,719
2,038 2,719
CURRENT ASSETS
Stocks 5 31,250 35,564
Debtors 6 8,013 125
Cash at bank and in hand 36,137 8,335
75,400 44,024
Creditors: Amounts Falling Due Within One Year 7 (133,285 ) (76,639 )
NET CURRENT ASSETS (LIABILITIES) (57,885 ) (32,615 )
TOTAL ASSETS LESS CURRENT LIABILITIES (55,847 ) (29,896 )
Creditors: Amounts Falling Due After More Than One Year 8 (31,878 ) (45,000 )
NET LIABILITIES (87,725 ) (74,896 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (87,726 ) (74,897 )
SHAREHOLDERS' FUNDS (87,725) (74,896)
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Page 2
For the period 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 Stephen Holland
Director
29/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Stephen Holland Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08461181 . The registered office is Orchard House, 226 Longridge Road, Preston, PR2 5AQ.
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 25% 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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 8,595
As at 31 October 2023 8,595
Depreciation
As at 1 April 2023 5,876
Provided during the period 681
As at 31 October 2023 6,557
Net Book Value
As at 31 October 2023 2,038
As at 1 April 2023 2,719
5. Stocks
31 October 2023 31 March 2023
£ £
Finished goods 31,250 35,564
6. Debtors
31 October 2023 31 March 2023
£ £
Due within one year
Trade debtors 7,675 -
Prepayments and accrued income 338 125
8,013 125
7. Creditors: Amounts Falling Due Within One Year
31 October 2023 31 March 2023
£ £
Trade creditors 68,012 26,496
Bank loans and overdrafts 9,120 -
VAT 5,426 6,794
...CONTINUED
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Page 5
Accruals and deferred income 910 1,460
Director's loan account 48,216 41,889
Amounts owed to group undertakings 1,601 -
133,285 76,639
8. Creditors: Amounts Falling Due After More Than One Year
31 October 2023 31 March 2023
£ £
Bank loans 31,878 45,000
9. Share Capital
31 October 2023 31 March 2023
£ £
Allotted, Called up and fully paid 1 1
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