Acorah Software Products - Accounts Production 15.0.500 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 09805259 Mr Paul Bellringer Miss Sandra Matthews Mrs Amanda Studley Mr Paul Bellringer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09805259 2022-10-31 09805259 2023-10-31 09805259 2022-11-01 2023-10-31 09805259 frs-core:CurrentFinancialInstruments 2023-10-31 09805259 frs-core:Non-currentFinancialInstruments 2023-10-31 09805259 frs-core:ComputerEquipment 2022-11-01 2023-10-31 09805259 frs-core:FurnitureFittings 2023-10-31 09805259 frs-core:FurnitureFittings 2022-11-01 2023-10-31 09805259 frs-core:FurnitureFittings 2022-10-31 09805259 frs-core:NetGoodwill 2023-10-31 09805259 frs-core:NetGoodwill 2022-11-01 2023-10-31 09805259 frs-core:NetGoodwill 2022-10-31 09805259 frs-core:PlantMachinery 2022-11-01 2023-10-31 09805259 frs-core:ShareCapital 2023-10-31 09805259 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09805259 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09805259 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 09805259 frs-bus:SmallEntities 2022-11-01 2023-10-31 09805259 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09805259 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09805259 frs-bus:Director1 2022-11-01 2023-10-31 09805259 frs-bus:Director2 2022-11-01 2023-10-31 09805259 frs-bus:Director3 2022-11-01 2023-10-31 09805259 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 09805259 frs-countries:EnglandWales 2022-11-01 2023-10-31 09805259 2021-10-31 09805259 2022-10-31 09805259 2021-11-01 2022-10-31 09805259 frs-core:CurrentFinancialInstruments 2022-10-31 09805259 frs-core:Non-currentFinancialInstruments 2022-10-31 09805259 frs-core:ShareCapital 2022-10-31 09805259 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 09805259
Selene Accounting Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Selene Accounting Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09805259
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 20,000 20,000
Tangible Assets 5 5,788 4,856
25,788 24,856
CURRENT ASSETS
Debtors 6 16,412 23,123
Cash at bank and in hand 21,979 39,151
38,391 62,274
Creditors: Amounts Falling Due Within One Year 7 (2,678 ) (5,688 )
NET CURRENT ASSETS (LIABILITIES) 35,713 56,586
TOTAL ASSETS LESS CURRENT LIABILITIES 61,501 81,442
Creditors: Amounts Falling Due After More Than One Year 8 (43,551 ) (248 )
NET ASSETS 17,950 81,194
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 17,850 81,094
SHAREHOLDERS' FUNDS 17,950 81,194
Page 1
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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 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 Paul Bellringer
Director
14th February 2023
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
Selene Accounting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09805259 . The registered office is 1 Scott House Cook Way, Bindon Road, Taunton, Somerset, TA2 6BG.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... 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 18%
Fixtures & Fittings 18%
Computer Equipment 18%
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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 5)
5 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 20,000
As at 31 October 2023 20,000
Net Book Value
As at 31 October 2023 20,000
As at 1 November 2022 20,000
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 November 2022 11,081
Additions 2,202
As at 31 October 2023 13,283
Depreciation
As at 1 November 2022 6,225
Provided during the period 1,270
As at 31 October 2023 7,495
Net Book Value
As at 31 October 2023 5,788
As at 1 November 2022 4,856
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 15,939 20,573
Prepayments and accrued income 473 2,550
16,412 23,123
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (144 ) -
Corporation tax - 1,276
VAT 2,822 4,412
2,678 5,688
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Directors loan account 43,551 248
43,551 248
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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