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 06598814 Mr Neil Bullement Mr Matthew Everatt Mr John Bevan Mr Matthew Norie Mr Ellis Bullement Mr Carl Bullement the directors true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06598814 2023-05-31 06598814 2024-05-31 06598814 2023-06-01 2024-05-31 06598814 frs-core:CurrentFinancialInstruments 2024-05-31 06598814 frs-core:ComputerEquipment 2024-05-31 06598814 frs-core:ComputerEquipment 2023-06-01 2024-05-31 06598814 frs-core:ComputerEquipment 2023-05-31 06598814 frs-core:FurnitureFittings 2024-05-31 06598814 frs-core:FurnitureFittings 2023-06-01 2024-05-31 06598814 frs-core:FurnitureFittings 2023-05-31 06598814 frs-core:NetGoodwill 2024-05-31 06598814 frs-core:NetGoodwill 2023-06-01 2024-05-31 06598814 frs-core:NetGoodwill 2023-05-31 06598814 frs-core:MotorVehicles 2023-06-01 2024-05-31 06598814 frs-core:PlantMachinery 2024-05-31 06598814 frs-core:PlantMachinery 2023-06-01 2024-05-31 06598814 frs-core:PlantMachinery 2023-05-31 06598814 frs-core:ShareCapital 2024-05-31 06598814 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 06598814 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06598814 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 06598814 frs-bus:SmallEntities 2023-06-01 2024-05-31 06598814 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06598814 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 06598814 1 2023-06-01 2024-05-31 06598814 frs-bus:Director1 2023-06-01 2024-05-31 06598814 frs-bus:Director2 2023-06-01 2024-05-31 06598814 frs-bus:Director3 2023-06-01 2024-05-31 06598814 frs-bus:Director4 2023-06-01 2024-05-31 06598814 frs-bus:Director5 2023-06-01 2024-05-31 06598814 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 06598814 frs-core:CurrentFinancialInstruments 1 2024-05-31 06598814 frs-core:CurrentFinancialInstruments 2 2024-05-31 06598814 frs-core:CurrentFinancialInstruments 4 2024-05-31 06598814 frs-core:CurrentFinancialInstruments 5 2024-05-31 06598814 frs-core:CurrentFinancialInstruments 6 2024-05-31 06598814 frs-countries:EnglandWales 2023-06-01 2024-05-31 06598814 2022-05-31 06598814 2023-05-31 06598814 2022-06-01 2023-05-31 06598814 frs-core:CurrentFinancialInstruments 2023-05-31 06598814 frs-core:ShareCapital 2023-05-31 06598814 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 06598814 frs-core:CurrentFinancialInstruments 1 2023-05-31 06598814 frs-core:CurrentFinancialInstruments 2 2023-05-31 06598814 frs-core:CurrentFinancialInstruments 4 2023-05-31 06598814 frs-core:CurrentFinancialInstruments 5 2023-05-31 06598814 frs-core:CurrentFinancialInstruments 6 2023-05-31
Registered number: 06598814
S4S (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Cairns Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06598814
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 323,771 372,952
Tangible Assets 5 319,661 362,556
643,432 735,508
CURRENT ASSETS
Stocks 6 239,002 108,173
Debtors 7 1,434,965 1,142,233
Cash at bank and in hand 978,162 504,972
2,652,129 1,755,378
Creditors: Amounts Falling Due Within One Year 8 (914,894 ) (558,561 )
NET CURRENT ASSETS (LIABILITIES) 1,737,235 1,196,817
TOTAL ASSETS LESS CURRENT LIABILITIES 2,380,667 1,932,325
PROVISIONS FOR LIABILITIES
Deferred Taxation (79,915 ) (90,639 )
NET ASSETS 2,300,752 1,841,686
CAPITAL AND RESERVES
Called up share capital 9 200 200
Profit and Loss Account 2,300,552 1,841,486
SHAREHOLDERS' FUNDS 2,300,752 1,841,686
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 Neil Bullement
Director
Mr Matthew Everatt
Director
Mr John Bevan
Director
Mr Matthew Norie
Director
Mr Ellis Bullement
Director
25/07/2024
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
S4S (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06598814 . The registered office is 151 Rutland Road, Sheffield, S3 9PT.
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 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 5 years straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 10 years straight line
Computer Equipment 4 years straight line
2.5. 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.
2.6. 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.
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Page 4
2.7. 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.
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 asset reflects 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: 130 (2023: 118)
130 118
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2023 705,774
As at 31 May 2024 705,774
Amortisation
As at 1 June 2023 332,822
Provided during the period 49,181
As at 31 May 2024 382,003
Net Book Value
As at 31 May 2024 323,771
As at 1 June 2023 372,952
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 456,246 259,305 140,379 855,930
Additions 80,786 16,060 20,123 116,969
Disposals (44,459 ) - - (44,459 )
Transfers (1,078 ) 1,365 (287 ) -
As at 31 May 2024 491,495 276,730 160,215 928,440
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 June 2023 300,644 108,051 84,679 493,374
Provided during the period 77,839 23,875 27,011 128,725
Disposals (13,320 ) - - (13,320 )
As at 31 May 2024 365,163 131,926 111,690 608,779
Net Book Value
As at 31 May 2024 126,332 144,804 48,525 319,661
As at 1 June 2023 155,602 151,254 55,700 362,556
6. Stocks
2024 2023
£ £
Materials 239,002 108,173
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,367,741 1,007,838
S4S Properties Ltd - 23,040
S4S Teams Ltd 13,380 23,940
S4S London Ltd 47,415 87,415
SF Ortho Ltd 4,000 -
Other debtors - Paypal 2,429 -
1,434,965 1,142,233
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 227,311 220,550
Corporation tax 416,299 127,355
Other taxes and social security 100,894 8,948
VAT 147,747 185,770
Deferred income (Current liabilities - creditors < 1 year) 5,932 5,575
Other creditors - Credit card 12,461 6,835
Other creditors - sundry 472 -
Accruals (Current liabilities - creditors < 1 year) 3,775 3,525
Directors' loan accounts 3 3
914,894 558,561
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
10. Ultimate Controlling Party
The company's ultimate controlling party are the directors by virtue of their beneficial ownership of 100% of the issued ordinary share capital in the company.
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