Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 05364100 Dr Samantha Toft iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05364100 2023-01-31 05364100 2024-01-31 05364100 2023-02-01 2024-01-31 05364100 frs-core:ComputerEquipment 2023-02-01 2024-01-31 05364100 frs-core:FurnitureFittings 2023-02-01 2024-01-31 05364100 frs-core:NetGoodwill 2023-02-01 2024-01-31 05364100 frs-core:PlantMachinery 2023-02-01 2024-01-31 05364100 frs-core:ShareCapital 2024-01-31 05364100 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 05364100 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05364100 frs-bus:AbridgedAccounts 2023-02-01 2024-01-31 05364100 frs-bus:SmallEntities 2023-02-01 2024-01-31 05364100 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05364100 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 05364100 frs-bus:Director1 2023-02-01 2024-01-31 05364100 frs-bus:Director1 2023-01-31 05364100 frs-bus:Director1 2024-01-31 05364100 frs-countries:EnglandWales 2023-02-01 2024-01-31 05364100 2022-01-31 05364100 2023-01-31 05364100 2022-02-01 2023-01-31 05364100 frs-core:ShareCapital 2023-01-31 05364100 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 05364100
Sam Toft Ltd
ABRIDGED Financial Statements
For The Year Ended 31 January 2024
Simon Winnard & Company
Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 05364100
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 20,936 17,325
Cash at bank and in hand 41,928 111,051
62,864 128,376
Creditors: Amounts Falling Due Within One Year (15,483 ) (31,830 )
NET CURRENT ASSETS (LIABILITIES) 47,381 96,546
TOTAL ASSETS LESS CURRENT LIABILITIES 47,381 96,546
NET ASSETS 47,381 96,546
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 47,380 96,545
SHAREHOLDERS' FUNDS 47,381 96,546
Page 1
Page 2
For the year ending 31 January 2024 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 her 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 January 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Dr Samantha Toft
Director
02/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Abridged Financial Statements
1. General Information
Sam Toft Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05364100 . The registered office is C/O Simon Winnard & Company, Reddington Court 69 Church Road, Hove, BN3 2BB.
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 .... years.
2.4. 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 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 33% Straight Line
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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Total
£
Cost
As at 1 February 2023 36,800
As at 31 January 2024 36,800
Amortisation
As at 1 February 2023 36,800
As at 31 January 2024 36,800
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 -
5. Tangible Assets
Total
£
Cost
As at 1 February 2023 11,090
As at 31 January 2024 11,090
Depreciation
As at 1 February 2023 11,090
As at 31 January 2024 11,090
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 -
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Dr Samantha Toft (637 ) 188,014 176,711 - 9,835
The above loan is unsecured, interest free and repayable on demand.
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8. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 70,500 68,147
70,500 68,147
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