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 11464408 Mr Christopher Chapman Space282 Group Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11464408 2022-07-31 11464408 2023-07-31 11464408 2022-08-01 2023-07-31 11464408 frs-core:CurrentFinancialInstruments 2023-07-31 11464408 frs-core:Non-currentFinancialInstruments 2023-07-31 11464408 frs-core:ComputerEquipment 2023-07-31 11464408 frs-core:ComputerEquipment 2022-08-01 2023-07-31 11464408 frs-core:ComputerEquipment 2022-07-31 11464408 frs-core:FurnitureFittings 2023-07-31 11464408 frs-core:FurnitureFittings 2022-08-01 2023-07-31 11464408 frs-core:FurnitureFittings 2022-07-31 11464408 frs-core:ShareCapital 2023-07-31 11464408 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 11464408 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 11464408 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 11464408 frs-bus:SmallEntities 2022-08-01 2023-07-31 11464408 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 11464408 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 11464408 1 2022-08-01 2023-07-31 11464408 frs-bus:Director1 2022-08-01 2023-07-31 11464408 frs-bus:Director1 2022-07-31 11464408 frs-bus:Director1 2023-07-31 11464408 frs-countries:EnglandWales 2022-08-01 2023-07-31 11464408 2021-07-31 11464408 2022-07-31 11464408 2021-08-01 2022-07-31 11464408 frs-core:CurrentFinancialInstruments 2022-07-31 11464408 frs-core:Non-currentFinancialInstruments 2022-07-31 11464408 frs-core:ShareCapital 2022-07-31 11464408 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 11464408
Nelson Street Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11464408
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 886 902
886 902
CURRENT ASSETS
Debtors 5 57,592 40,496
Cash at bank and in hand 9,960 13,089
67,552 53,585
Creditors: Amounts Falling Due Within One Year 6 (47,703 ) (38,441 )
NET CURRENT ASSETS (LIABILITIES) 19,849 15,144
TOTAL ASSETS LESS CURRENT LIABILITIES 20,735 16,046
Creditors: Amounts Falling Due After More Than One Year 7 (6,881 ) (10,628 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (222 ) (225 )
NET ASSETS 13,632 5,193
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 13,631 5,192
SHAREHOLDERS' FUNDS 13,632 5,193
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Page 2
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 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 Christopher Chapman
Director
30th July 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Nelson Street Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11464408 . The registered office is 282 Leigh Road, Leigh-On-Sea, SS9 1BW.
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.
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:
Fixtures & Fittings 33% on cost
Computer Equipment 33% on cost
2.4. 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.
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.
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2.6. 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: 1 (2022: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 August 2022 4,816 4,299 9,115
Additions 399 - 399
As at 31 July 2023 5,215 4,299 9,514
Depreciation
As at 1 August 2022 4,613 3,600 8,213
Provided during the period 94 321 415
As at 31 July 2023 4,707 3,921 8,628
Net Book Value
As at 31 July 2023 508 378 886
As at 1 August 2022 203 699 902
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 9,130 13,625
Other debtors 48,462 26,871
57,592 40,496
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 173 463
Bank loans and overdrafts 3,750 3,750
Other creditors 39,130 31,425
Taxation and social security 4,650 2,803
47,703 38,441
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 6,881 10,628
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2022 Amounts advanced Amounts repaid Amounts written off As at 31 July 2023
£ £ £ £ £
Mr Christopher Chapman 3,942 25,815 (21,690 ) - 8,067
The above loan is unsecured, interest free and repayable on demand.
10. Related Party Transactions
As at the year end, and included in Debtors is £8,619 (2022: £5,619) owed from a related party. The loan is non-interest bearing and repayable on demand.
As at the year end, and included in Debtors is £834 (2022: £500) owed from a related party. The loan is non-interest bearing and repayable on demand.
As at the year end, and included in Debtors is £17,700 (2022: £2,900) owed from a related party. The loan is non-interest bearing and repayable on demand.
As at the year end, and included in Debtors is £140 (2022: £56) owed from a related party. The loan is non-interest bearing and repayable on demand.
As at the year end, and included in Debtors is £1,000 (2022: £1,000) owed from a related party. The loan is non-interest bearing and repayable on demand.
...CONTINUED
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10. Related Party Transactions - continued
As at the year end, and included in Debtors is £980 (2022:- £3,450) owed from a related party. The loan is non-interest bearing and repayable on demand.
As at the year end, and included in Debtors is £9,900 (2022: £9,879) owed from a related party. The loan is non-interest bearing and repayable on demand.
As at the year end, and included in Debtors is £1,084 (2022: -£416) owed from a related party. The loan is non-interest bearing and repayable on demand.
As at the year end, and included in Creditors is £7,264 (2022: £nil) owed to a related party. The loan is non-interest bearing and repayable on demand.
During the year, dividends of £3,940 (2022 - £8,210) were paid to the directors.
11. Ultimate Controlling Party
The company's ultimate controlling party is Space282 Group Limited by virtue of his ownership of 100% of the issued share capital in the company.
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