Acorah Software Products - Accounts Production 15.0.600 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 10551214 Mr Matthew Venn Mr Stephen Halstead Mr John Oakton Mrs Claire Venn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10551214 2023-01-31 10551214 2024-01-31 10551214 2023-02-01 2024-01-31 10551214 frs-core:CurrentFinancialInstruments 2024-01-31 10551214 frs-core:FurnitureFittings 2024-01-31 10551214 frs-core:FurnitureFittings 2023-02-01 2024-01-31 10551214 frs-core:FurnitureFittings 2023-01-31 10551214 frs-core:PlantMachinery 2024-01-31 10551214 frs-core:PlantMachinery 2023-02-01 2024-01-31 10551214 frs-core:PlantMachinery 2023-01-31 10551214 frs-core:ShareCapital 2024-01-31 10551214 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 10551214 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10551214 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 10551214 frs-bus:SmallEntities 2023-02-01 2024-01-31 10551214 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10551214 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 10551214 frs-bus:Director1 2023-02-01 2024-01-31 10551214 frs-bus:Director1 2023-01-31 10551214 frs-bus:Director1 2024-01-31 10551214 frs-bus:Director2 2023-02-01 2024-01-31 10551214 frs-bus:Director2 2023-01-31 10551214 frs-bus:Director2 2024-01-31 10551214 frs-bus:Director3 2023-02-01 2024-01-31 10551214 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 10551214 frs-core:CurrentFinancialInstruments 1 2024-01-31 10551214 frs-countries:EnglandWales 2023-02-01 2024-01-31 10551214 2022-01-31 10551214 2023-01-31 10551214 2022-02-01 2023-01-31 10551214 frs-core:CurrentFinancialInstruments 2023-01-31 10551214 frs-core:ShareCapital 2023-01-31 10551214 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 10551214 frs-core:CurrentFinancialInstruments 1 2023-01-31
Registered number: 10551214
Sharper Print And Mail Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Steiner & Co.
50 Cowick Street
Exeter
Devon
EX4 1AP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10551214
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,270 4,300
3,270 4,300
CURRENT ASSETS
Debtors 5 156,968 191,511
Cash at bank and in hand 79,525 48,713
236,493 240,224
Creditors: Amounts Falling Due Within One Year 6 (84,741 ) (116,785 )
NET CURRENT ASSETS (LIABILITIES) 151,752 123,439
TOTAL ASSETS LESS CURRENT LIABILITIES 155,022 127,739
NET ASSETS 155,022 127,739
CAPITAL AND RESERVES
Called up share capital 7 3,000 3,000
Profit and Loss Account 152,022 124,739
SHAREHOLDERS' FUNDS 155,022 127,739
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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 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 Matthew Venn
Director
31st July 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Sharper Print And Mail Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10551214 . The registered office is Unit 5 Block D Flightway, Dunkeswell Business Park, Honiton, Devon, EX14 4PQ.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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 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 15% 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. 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 year 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 asset reflects 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:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 February 2023 15,680 876 16,556
As at 31 January 2024 15,680 876 16,556
Depreciation
As at 1 February 2023 11,920 336 12,256
Provided during the period 950 80 1,030
As at 31 January 2024 12,870 416 13,286
Net Book Value
As at 31 January 2024 2,810 460 3,270
As at 1 February 2023 3,760 540 4,300
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 156,218 170,377
VAT - 20,384
Called up share capital not paid 750 750
156,968 191,511
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 38,754 83,407
Corporation tax 21,633 15,986
Other taxes and social security - 14
VAT 2,950 -
Beckham Enterprises Ltd 7 7
Directors' loan accounts 21,397 17,371
84,741 116,785
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7. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 750 750
Called Up Share Capital has been paid up 2,250 2,250
Amount of Allotted, Called Up Share Capital 3,000 3,000
8. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans by the directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Matthew Venn 17,155 44,938 48,964 - 21,181
Mr Stephen Halstead 216 - - - 216
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
2024 2023
£ £
Mr Matthew Venn 24,000 24,000
9. Related Party Transactions
Mr S HalsteadDirectorDuring the year the company was charged rent of £9,000 for the use of a commercial property owned by the director.

Mr S Halstead

Director

During the year the company was charged rent of £9,000 for the use of a commercial property owned by the director.

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