Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 07275169 Mr Dominic King Mrs Joanna King Mrs Wendy Neale iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07275169 2023-02-28 07275169 2024-02-28 07275169 2023-03-01 2024-02-28 07275169 frs-core:CurrentFinancialInstruments 2024-02-28 07275169 frs-core:Non-currentFinancialInstruments 2024-02-28 07275169 frs-core:BetweenOneFiveYears 2024-02-28 07275169 frs-core:ComputerEquipment 2024-02-28 07275169 frs-core:ComputerEquipment 2023-03-01 2024-02-28 07275169 frs-core:ComputerEquipment 2023-02-28 07275169 frs-core:FurnitureFittings 2024-02-28 07275169 frs-core:FurnitureFittings 2023-03-01 2024-02-28 07275169 frs-core:FurnitureFittings 2023-02-28 07275169 frs-core:PlantMachinery 2024-02-28 07275169 frs-core:PlantMachinery 2023-03-01 2024-02-28 07275169 frs-core:PlantMachinery 2023-02-28 07275169 frs-core:WithinOneYear 2024-02-28 07275169 frs-core:ShareCapital 2024-02-28 07275169 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 07275169 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 07275169 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 07275169 frs-bus:SmallEntities 2023-03-01 2024-02-28 07275169 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 07275169 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 07275169 frs-bus:Director1 2023-03-01 2024-02-28 07275169 frs-bus:Director2 2023-03-01 2024-02-28 07275169 frs-bus:Director3 2023-03-01 2024-02-28 07275169 frs-countries:EnglandWales 2023-03-01 2024-02-28 07275169 2022-02-28 07275169 2023-02-28 07275169 2022-03-01 2023-02-28 07275169 frs-core:CurrentFinancialInstruments 2023-02-28 07275169 frs-core:Non-currentFinancialInstruments 2023-02-28 07275169 frs-core:BetweenOneFiveYears 2023-02-28 07275169 frs-core:WithinOneYear 2023-02-28 07275169 frs-core:ShareCapital 2023-02-28 07275169 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 07275169
Self Store Depot Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07275169
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,884 3,134
1,884 3,134
CURRENT ASSETS
Debtors 5 34,646 33,053
Cash at bank and in hand 55,936 50,937
90,582 83,990
Creditors: Amounts Falling Due Within One Year 6 (49,239 ) (46,749 )
NET CURRENT ASSETS (LIABILITIES) 41,343 37,241
TOTAL ASSETS LESS CURRENT LIABILITIES 43,227 40,375
PROVISIONS FOR LIABILITIES
Deferred Taxation (358 ) (595 )
NET ASSETS 42,869 39,780
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account 42,669 39,580
SHAREHOLDERS' FUNDS 42,869 39,780
Page 1
Page 2
For the year ending 28 February 2024 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
Mrs Wendy Neale
Director
12 August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Self Store Depot Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07275169 . The registered office is 2 The Old Estate Yard High Street, East Hendred, Wantage, Oxfordshire, OX12 8JY.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial are rounded to the nearest £.
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 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:
Plant & Machinery 15% Straight line method
Fixtures & Fittings 15% Straight line method
Computer Equipment 33% Straight line method
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 125,000 8,414 5,415 138,829
Additions - - 154 154
Disposals (11,250 ) - - (11,250 )
As at 28 February 2024 113,750 8,414 5,569 127,733
Depreciation
As at 1 March 2023 125,000 7,366 3,329 135,695
Provided during the period - 309 1,095 1,404
Disposals (11,250 ) - - (11,250 )
As at 28 February 2024 113,750 7,675 4,424 125,849
Net Book Value
As at 28 February 2024 - 739 1,145 1,884
As at 1 March 2023 - 1,048 2,086 3,134
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 22,032 20,437
22,032 20,437
Due after more than one year
Amounts owed by subsidiaries 12,614 12,616
12,614 12,616
34,646 33,053
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,159 733
Corporation tax 10,859 7,987
VAT 10,796 9,875
Accruals and deferred income 25,489 26,279
Directors' loan accounts 936 1,875
49,239 46,749
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 4
Page 5
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 68,029 68,029
Later than one year and not later than five years 56,690 124,719
124,719 192,748
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