Acorah Software Products - Accounts Production 14.6.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 09601591 Mrs Jacqui Forster Mr Paul Forster true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09601591 2023-05-31 09601591 2024-05-31 09601591 2023-06-01 2024-05-31 09601591 frs-core:CurrentFinancialInstruments 2024-05-31 09601591 frs-core:Non-currentFinancialInstruments 2024-05-31 09601591 frs-core:ComputerEquipment 2024-05-31 09601591 frs-core:ComputerEquipment 2023-06-01 2024-05-31 09601591 frs-core:ComputerEquipment 2023-05-31 09601591 frs-core:FurnitureFittings 2024-05-31 09601591 frs-core:FurnitureFittings 2023-06-01 2024-05-31 09601591 frs-core:FurnitureFittings 2023-05-31 09601591 frs-core:InvestmentPropertyIncludedWithinPPE 2024-05-31 09601591 frs-core:InvestmentPropertyIncludedWithinPPE 2023-05-31 09601591 frs-core:ShareCapital 2024-05-31 09601591 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 09601591 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09601591 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 09601591 frs-bus:SmallEntities 2023-06-01 2024-05-31 09601591 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09601591 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09601591 frs-bus:OrdinaryShareClass1 2023-06-01 2024-05-31 09601591 frs-bus:OrdinaryShareClass1 2024-05-31 09601591 1 2023-06-01 2024-05-31 09601591 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-05-31 09601591 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-05-31 09601591 frs-bus:Director1 2023-06-01 2024-05-31 09601591 frs-bus:Director2 2023-06-01 2024-05-31 09601591 frs-countries:EnglandWales 2023-06-01 2024-05-31 09601591 2022-05-31 09601591 2023-05-31 09601591 2022-06-01 2023-05-31 09601591 frs-core:CurrentFinancialInstruments 2023-05-31 09601591 frs-core:Non-currentFinancialInstruments 2023-05-31 09601591 frs-core:ShareCapital 2023-05-31 09601591 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 09601591 frs-bus:OrdinaryShareClass1 2022-06-01 2023-05-31 09601591 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-05-31
Registered number: 09601591
Simpull Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09601591
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,689,027 3,689,609
3,689,027 3,689,609
CURRENT ASSETS
Debtors 5 (19,709 ) -
Cash at bank and in hand 30,703 132,434
10,994 132,434
Creditors: Amounts Falling Due Within One Year 6 (494,947 ) (560,339 )
NET CURRENT ASSETS (LIABILITIES) (483,953 ) (427,905 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,205,074 3,261,704
Creditors: Amounts Falling Due After More Than One Year 7 (2,773,948 ) (2,778,939 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (147,179 ) (147,179 )
NET ASSETS 283,947 335,586
CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair Value Reserve 10 776,342 776,342
Profit and Loss Account (492,397 ) (440,758 )
SHAREHOLDERS' FUNDS 283,947 335,586
Page 1
Page 2
For the year ending 31 May 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
Mr Paul Forster
Director
13/08/2024
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
Simpull Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09601591 . The registered office is 80 Crosby Road, West Bridgford, Nottingham, Nottinghamshire, NG2 5GH.
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:
Fixtures & Fittings 20% reducing balance basis
Computer Equipment 20% reducing balance basis
2.4. Investment Properties
Investment properties are measured at fair value determined annually and adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
Page 3
Page 4
4. Tangible Assets
Investment Properties Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 3,686,696 6,116 319 3,693,131
As at 31 May 2024 3,686,696 6,116 319 3,693,131
Depreciation
As at 1 June 2023 - 3,335 187 3,522
Provided during the period - 556 26 582
As at 31 May 2024 - 3,891 213 4,104
Net Book Value
As at 31 May 2024 3,686,696 2,225 106 3,689,027
As at 1 June 2023 3,686,696 2,781 132 3,689,609
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,941 -
Other debtors (22,650 ) -
(19,709 ) -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 471 6,243
Directors' loan accounts 494,476 554,096
494,947 560,339
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,773,948 2,778,939
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 2,762,908 -
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.000 each 2 2
Page 4
Page 5
10. Reserves
Fair Value Reserve
£
As at 1 June 2023 776,342
As at 31 May 2024 776,342
11. Ultimate Controlling Party
There is no utimate controlling party due to the shares being held equally by both shareholders.
Page 5