Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 09292957 Mr Nicholas Snow iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09292957 2022-11-30 09292957 2023-11-30 09292957 2022-12-01 2023-11-30 09292957 frs-core:CurrentFinancialInstruments 2023-11-30 09292957 frs-core:ComputerEquipment 2023-11-30 09292957 frs-core:ComputerEquipment 2022-12-01 2023-11-30 09292957 frs-core:ComputerEquipment 2022-11-30 09292957 frs-core:FurnitureFittings 2023-11-30 09292957 frs-core:FurnitureFittings 2022-12-01 2023-11-30 09292957 frs-core:FurnitureFittings 2022-11-30 09292957 frs-core:PlantMachinery 2023-11-30 09292957 frs-core:PlantMachinery 2022-12-01 2023-11-30 09292957 frs-core:PlantMachinery 2022-11-30 09292957 frs-core:ShareCapital 2023-11-30 09292957 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 09292957 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 09292957 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 09292957 frs-bus:SmallEntities 2022-12-01 2023-11-30 09292957 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 09292957 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 09292957 frs-bus:Director1 2022-12-01 2023-11-30 09292957 frs-countries:EnglandWales 2022-12-01 2023-11-30 09292957 2021-11-30 09292957 2022-11-30 09292957 2021-12-01 2022-11-30 09292957 frs-core:CurrentFinancialInstruments 2022-11-30 09292957 frs-core:ShareCapital 2022-11-30 09292957 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 09292957
Sixin Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09292957
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,321 2,552
2,321 2,552
CURRENT ASSETS
Debtors 5 3,098 19,676
Cash at bank and in hand 133,651 126,785
136,749 146,461
Creditors: Amounts Falling Due Within One Year 6 (28,311 ) (64,779 )
NET CURRENT ASSETS (LIABILITIES) 108,438 81,682
TOTAL ASSETS LESS CURRENT LIABILITIES 110,759 84,234
PROVISIONS FOR LIABILITIES
Deferred Taxation (471 ) (485 )
NET ASSETS 110,288 83,749
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 110,287 83,748
SHAREHOLDERS' FUNDS 110,288 83,749
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For the year ending 30 November 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 Nicholas Snow
Director
22/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Sixin Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09292957 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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.
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% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 15% on reducing balance
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 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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: 3 (2022: 3)
3 3
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2022 440 1,646 3,842 5,928
Additions - - 439 439
Disposals - - (499 ) (499 )
As at 30 November 2023 440 1,646 3,782 5,868
Depreciation
As at 1 December 2022 299 1,061 2,016 3,376
Provided during the period 21 88 301 410
Disposals - - (239 ) (239 )
As at 30 November 2023 320 1,149 2,078 3,547
Net Book Value
As at 30 November 2023 120 497 1,704 2,321
As at 1 December 2022 141 585 1,826 2,552
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 2,846 19,457
VAT 252 219
3,098 19,676
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 303 303
Corporation tax 13,632 13,054
Director's loan account 14,376 51,422
28,311 64,779
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7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
8. Related Party Transactions
Included in other creditors is an amount of £14,126 (£51422 in 2022), owed to the company director Mr N Snow. This loan is interest free and no repayment terms have been agreed.
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