Acorah Software Products - Accounts Production 14.6.300 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 10309991 Rachel Sestini Samantha Hayward iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10309991 2022-12-31 10309991 2023-12-31 10309991 2023-01-01 2023-12-31 10309991 frs-core:CurrentFinancialInstruments 2023-12-31 10309991 frs-core:Non-currentFinancialInstruments 2023-12-31 10309991 frs-core:ComputerEquipment 2023-12-31 10309991 frs-core:ComputerEquipment 2023-01-01 2023-12-31 10309991 frs-core:ComputerEquipment 2022-12-31 10309991 frs-core:FurnitureFittings 2023-12-31 10309991 frs-core:FurnitureFittings 2023-01-01 2023-12-31 10309991 frs-core:FurnitureFittings 2022-12-31 10309991 frs-core:SharePremium 2023-12-31 10309991 frs-core:ShareCapital 2023-12-31 10309991 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10309991 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10309991 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10309991 frs-bus:SmallEntities 2023-01-01 2023-12-31 10309991 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10309991 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10309991 frs-core:UnlistedNon-exchangeTraded 2023-12-31 10309991 frs-core:UnlistedNon-exchangeTraded 2022-12-31 10309991 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 10309991 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 10309991 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 10309991 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 10309991 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 10309991 frs-bus:Director1 2023-01-01 2023-12-31 10309991 frs-bus:Director2 2023-01-01 2023-12-31 10309991 frs-countries:EnglandWales 2023-01-01 2023-12-31 10309991 2021-12-31 10309991 2022-12-31 10309991 2022-01-01 2022-12-31 10309991 frs-core:CurrentFinancialInstruments 2022-12-31 10309991 frs-core:Non-currentFinancialInstruments 2022-12-31 10309991 frs-core:SharePremium 2022-12-31 10309991 frs-core:ShareCapital 2022-12-31 10309991 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 10309991
Sestini & Co Pension Trustees Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Sestini & Co Ltd.
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10309991
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,470 3,308
Investments 5 - 100
3,470 3,408
CURRENT ASSETS
Debtors 6 73,665 73,587
Cash at bank and in hand 13,738 31,596
87,403 105,183
Creditors: Amounts Falling Due Within One Year 7 (35,719 ) (62,102 )
NET CURRENT ASSETS (LIABILITIES) 51,684 43,081
TOTAL ASSETS LESS CURRENT LIABILITIES 55,154 46,489
Creditors: Amounts Falling Due After More Than One Year 8 (25,371 ) (7,658 )
NET ASSETS 29,783 38,831
CAPITAL AND RESERVES
Called up share capital 9 200 200
Share premium account 9,970 9,970
Profit and Loss Account 19,613 28,661
SHAREHOLDERS' FUNDS 29,783 38,831
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
Rachel Sestini
Director
7 May 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sestini & Co Pension Trustees Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10309991 . The registered office is Paulton House, Old Mills, Paulton, Bristol, BS39 7SX.
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
There were no critical accounting estimates or judgements required in the preparation of these financial statements in the current or prior year.
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.
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 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:
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.5. Financial Instruments
The entity has only entered into basic financial instruments. Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Page 3
Page 4
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 6)
6 6
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 688 4,052 4,740
Additions - 1,320 1,320
As at 31 December 2023 688 5,372 6,060
Depreciation
As at 1 January 2023 - 1,432 1,432
Provided during the period 172 986 1,158
As at 31 December 2023 172 2,418 2,590
Net Book Value
As at 31 December 2023 516 2,954 3,470
As at 1 January 2023 688 2,620 3,308
Page 4
Page 5
5. Investments
Unlisted
£
Cost
As at 1 January 2023 100
Disposals (100 )
As at 31 December 2023 -
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 100
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 19,125 32,173
Other debtors 51,376 41,414
70,501 73,587
Due after more than one year
Other debtors 3,164 -
73,665 73,587
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 10 4,534
Bank loans and overdrafts - 12,187
Other loans 16,035 -
Other creditors 3,803 27,793
Taxation and social security 15,871 17,588
35,719 62,102
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans - 5,143
Other loans 25,371 -
Other creditors - 2,515
25,371 7,658
Page 5
Page 6
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 200 200
10. Loans to directors
Included within Debtors is £9,376 due from a director.
The loan is unsecured, interest free and repayable on demand.
Page 6