Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 04932570 Mr NADARAJAH NAVARATNARAJAH iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04932570 2022-08-31 04932570 2023-08-31 04932570 2022-09-01 2023-08-31 04932570 frs-core:CurrentFinancialInstruments 2023-08-31 04932570 frs-core:Non-currentFinancialInstruments 2023-08-31 04932570 frs-core:ComputerEquipment 2022-09-01 2023-08-31 04932570 frs-core:FurnitureFittings 2023-08-31 04932570 frs-core:FurnitureFittings 2022-09-01 2023-08-31 04932570 frs-core:FurnitureFittings 2022-08-31 04932570 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-09-01 2023-08-31 04932570 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 04932570 frs-core:MotorVehicles 2023-08-31 04932570 frs-core:MotorVehicles 2022-09-01 2023-08-31 04932570 frs-core:MotorVehicles 2022-08-31 04932570 frs-core:PlantMachinery 2022-09-01 2023-08-31 04932570 frs-core:ShareCapital 2023-08-31 04932570 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 04932570 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 04932570 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 04932570 frs-bus:SmallEntities 2022-09-01 2023-08-31 04932570 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 04932570 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 04932570 frs-bus:Director1 2022-09-01 2023-08-31 04932570 frs-countries:EnglandWales 2022-09-01 2023-08-31 04932570 2021-08-31 04932570 2022-08-31 04932570 2021-09-01 2022-08-31 04932570 frs-core:CurrentFinancialInstruments 2022-08-31 04932570 frs-core:Non-currentFinancialInstruments 2022-08-31 04932570 frs-core:ShareCapital 2022-08-31 04932570 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 04932570
SELLAM LIMITED
Unaudited Financial Statements
For The Year Ended 31 August 2023
KARIKALAN ACCOUNTANCY LTD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04932570
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,828 19,242
12,828 19,242
CURRENT ASSETS
Stocks 5 328,264 230,421
Debtors 6 6,628 41,834
Cash at bank and in hand 38,843 33,712
373,735 305,967
Creditors: Amounts Falling Due Within One Year 7 (395,913 ) (327,101 )
NET CURRENT ASSETS (LIABILITIES) (22,178 ) (21,134 )
TOTAL ASSETS LESS CURRENT LIABILITIES (9,350 ) (1,892 )
Creditors: Amounts Falling Due After More Than One Year 8 (15,726 ) (26,418 )
NET LIABILITIES (25,076 ) (28,310 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (25,176 ) (28,410 )
SHAREHOLDERS' FUNDS (25,076) (28,310)
Page 1
Page 2
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 NADARAJAH NAVARATNARAJAH
Director
31/08/2023
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SELLAM LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 04932570 . The registered office is 21 , Greek Street, London, W1D 4DX.
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:
Freehold 0
Leasehold 0
Plant & Machinery 15%
Motor Vehicles 25%
Fixtures & Fittings 15%
Computer Equipment 33%
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 5)
5 5
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2022 57,504 17,600 75,104
As at 31 August 2023 57,504 17,600 75,104
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 September 2022 39,105 16,757 55,862
Provided during the period 6,133 281 6,414
As at 31 August 2023 45,238 17,038 62,276
Net Book Value
As at 31 August 2023 12,266 562 12,828
As at 1 September 2022 18,399 843 19,242
5. Stocks
2023 2022
£ £
Finished goods 328,264 230,421
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 314 520
Due after more than one year
Trade debtors 6,314 41,314
6,628 41,834
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 150,865 136,311
Other creditors 245,048 188,321
Taxation and social security - 2,469
395,913 327,101
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 15,726 40,709
Other loans - (14,291 )
15,726 26,418
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4