Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07880465 Miss Anna Skalberg Mr Erik Skalberg Mr Tomas Skalberg Mrs Ulrika Skalberg iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07880465 2022-12-31 07880465 2023-12-31 07880465 2023-01-01 2023-12-31 07880465 frs-core:CurrentFinancialInstruments 2023-12-31 07880465 frs-core:Non-currentFinancialInstruments 2023-12-31 07880465 frs-core:FurnitureFittings 2023-12-31 07880465 frs-core:FurnitureFittings 2023-01-01 2023-12-31 07880465 frs-core:FurnitureFittings 2022-12-31 07880465 frs-core:NetGoodwill 2023-12-31 07880465 frs-core:NetGoodwill 2023-01-01 2023-12-31 07880465 frs-core:NetGoodwill 2022-12-31 07880465 frs-core:MotorVehicles 2023-12-31 07880465 frs-core:MotorVehicles 2023-01-01 2023-12-31 07880465 frs-core:MotorVehicles 2022-12-31 07880465 frs-core:PlantMachinery 2023-12-31 07880465 frs-core:PlantMachinery 2023-01-01 2023-12-31 07880465 frs-core:PlantMachinery 2022-12-31 07880465 frs-core:ShareCapital 2023-12-31 07880465 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07880465 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07880465 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07880465 frs-bus:SmallEntities 2023-01-01 2023-12-31 07880465 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07880465 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07880465 frs-bus:Director1 2023-01-01 2023-12-31 07880465 frs-bus:Director2 2023-01-01 2023-12-31 07880465 frs-bus:Director3 2023-01-01 2023-12-31 07880465 frs-bus:Director4 2023-01-01 2023-12-31 07880465 frs-countries:EnglandWales 2023-01-01 2023-12-31 07880465 2021-12-31 07880465 2022-12-31 07880465 2022-01-01 2022-12-31 07880465 frs-core:CurrentFinancialInstruments 2022-12-31 07880465 frs-core:Non-currentFinancialInstruments 2022-12-31 07880465 frs-core:ShareCapital 2022-12-31 07880465 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07880465
Skalberg Ltd
Financial Statements
For The Year Ended 31 December 2023
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07880465
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 84,118 106,032
84,118 106,032
CURRENT ASSETS
Debtors 6 730,649 684,890
Investments 7 13,156 16,249
Cash at bank and in hand 102,138 90,780
845,943 791,919
Creditors: Amounts Falling Due Within One Year 8 (182,987 ) (181,153 )
NET CURRENT ASSETS (LIABILITIES) 662,956 610,766
TOTAL ASSETS LESS CURRENT LIABILITIES 747,074 716,798
Creditors: Amounts Falling Due After More Than One Year 9 (116,461 ) (172,459 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (18,147 ) (17,475 )
NET ASSETS 612,466 526,864
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 612,366 526,764
SHAREHOLDERS' FUNDS 612,466 526,864
Page 1
Page 2
For the year ending 31 December 2023 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 Tomas Skalberg
Director
3 September 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
Skalberg Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07880465 . The registered office is First Floor Sterling House, Outrams Wharf, Little Eaton, Derby, DE21 5EL.
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 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
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2022: 11)
12 11
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 340,901
As at 31 December 2023 340,901
Amortisation
As at 1 January 2023 340,901
As at 31 December 2023 340,901
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 22,243 25,500 195,354 243,097
Additions 4,261 - 550 4,811
As at 31 December 2023 26,504 25,500 195,904 247,908
Depreciation
As at 1 January 2023 7,774 11,455 117,836 137,065
Provided during the period 3,753 3,511 19,461 26,725
As at 31 December 2023 11,527 14,966 137,297 163,790
Net Book Value
As at 31 December 2023 14,977 10,534 58,607 84,118
As at 1 January 2023 14,469 14,045 77,518 106,032
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 34,587
Prepayments and accrued income 23,878 5,129
Corporation tax recoverable assets 158,705 159,606
Directors' loan accounts 532,295 485,568
714,878 684,890
Due after more than one year
Corporation tax recoverable assets 15,771 -
15,771 -
730,649 684,890
Page 4
Page 5
7. Current Asset Investments
2023 2022
£ £
Unlisted investments 13,156 16,249
13,156 16,249
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 13,767 11,042
Bank loans and overdrafts 61,430 52,845
Corporation tax 100,774 107,159
Other taxes and social security 1,938 -
Other creditors - 10,107
Accruals and deferred income 5,078 -
182,987 181,153
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 116,461 172,459
116,461 172,459
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5