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Registered number: 12798923
New Spring Lodge Int Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12798923
2023 2022
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 89,671 72,938
89,671 72,938
CURRENT ASSETS
Debtors 5 61,197 -
Cash at bank and in hand 475,937 205,005
537,134 205,005
Creditors: Amounts Falling Due Within One Year 6 (360,859 ) (94,275 )
NET CURRENT ASSETS (LIABILITIES) 176,275 110,730
TOTAL ASSETS LESS CURRENT LIABILITIES 265,946 183,668
PROVISIONS FOR LIABILITIES
Deferred Taxation (21,589 ) (13,718 )
NET ASSETS 244,357 169,950
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 244,257 169,850
SHAREHOLDERS' FUNDS 244,357 169,950
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For the year ending 31 August 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 Ghulam Murtaza
Director
27/08/2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
New Spring Lodge Int Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12798923 . The registered office is 1166 London Road, Derby, DE24 8QG.
The presentation currency of the financial statements is the Pound Sterling (£).
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. Significant judgements and estimations
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources.
The estimates and associated assumptions are based on historical experience and other factors that are relevant.
Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.
The preparation of the company financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as the statement of financial position date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.
2.3. 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.
2.4. Tangible Fixed Assets and Depreciation
Tangible Fixed Assets are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.
The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives
Leasehold 15%
Plant & Machinery 25%
Motor Vehicles 20%
Fixtures & Fittings 25%
Computer Equipment 25%
2.5. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in  surplus or deficit.
Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in income and expenditure. 
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2.6. 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 30 (2022: 29)
30 29
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 September 2022 57,282 1,034 - 11,737
Additions - 409 3,750 26,408
As at 31 August 2023 57,282 1,443 3,750 38,145
Depreciation
As at 1 September 2022 8,592 259 - 2,934
Provided during the period 8,593 360 750 9,537
As at 31 August 2023 17,185 619 750 12,471
Net Book Value
As at 31 August 2023 40,097 824 3,000 25,674
As at 1 September 2022 48,690 775 - 8,803
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Computer Equipment Total
£ £
Cost
As at 1 September 2022 19,560 89,613
Additions 13,728 44,295
As at 31 August 2023 33,288 133,908
Depreciation
As at 1 September 2022 4,890 16,675
Provided during the period 8,322 27,562
As at 31 August 2023 13,212 44,237
Net Book Value
As at 31 August 2023 20,076 89,671
As at 1 September 2022 14,670 72,938
5. Debtors
2023 2022
as restated
£ £
Due within one year
Trade debtors 271 -
Other debtors 60,926 -
61,197 -
6. Creditors: Amounts Falling Due Within One Year
2023 2022
as restated
£ £
Trade creditors 53,985 46,553
Other creditors 240,808 47,722
Taxation and social security 66,066 -
360,859 94,275
7. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 September 2022 13,718 13,718
Additions 7,871 7,871
Balance at 31 August 2023 21,589 21,589
8. Share Capital
2023 2022
as restated
£ £
Allotted, Called up and fully paid 100 100
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9. Related Party Transactions
Included in other creditors less than one year is an amount of £47,772 (2022: £47,722) due to director of the company. The amount is interest free and repayable on demand.
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