Acorah Software Products - Accounts Production 15.0.600 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 10944429 Mr Beaux South iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10944429 2022-09-30 10944429 2023-09-30 10944429 2022-10-01 2023-09-30 10944429 frs-core:CurrentFinancialInstruments 2023-09-30 10944429 frs-core:ComputerEquipment 2023-09-30 10944429 frs-core:ComputerEquipment 2022-10-01 2023-09-30 10944429 frs-core:ComputerEquipment 2022-09-30 10944429 frs-core:ShareCapital 2023-09-30 10944429 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 10944429 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 10944429 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 10944429 frs-bus:SmallEntities 2022-10-01 2023-09-30 10944429 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 10944429 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 10944429 frs-bus:Director1 2022-10-01 2023-09-30 10944429 frs-core:CurrentFinancialInstruments 1 2023-09-30 10944429 frs-countries:EnglandWales 2022-10-01 2023-09-30 10944429 2021-09-30 10944429 2022-09-30 10944429 2021-10-01 2022-09-30 10944429 frs-core:CurrentFinancialInstruments 2022-09-30 10944429 frs-core:ShareCapital 2022-09-30 10944429 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30 10944429 frs-core:CurrentFinancialInstruments 1 2022-09-30
Registered number: 10944429
Southernmost Limited
Financial Statements
For The Year Ended 30 September 2023
Sloane & Co. LLP
Chartered Certified Accountants & Business Advisors
36-38 Westbourne Grove
Newton Road
London
W2 5SH
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10944429
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 8,372 8,912
8,372 8,912
CURRENT ASSETS
Debtors 4 5,744 3,950
Cash at bank and in hand 97 584
5,841 4,534
Creditors: Amounts Falling Due Within One Year 5 (82,870 ) (54,702 )
NET CURRENT ASSETS (LIABILITIES) (77,029 ) (50,168 )
TOTAL ASSETS LESS CURRENT LIABILITIES (68,657 ) (41,256 )
NET LIABILITIES (68,657 ) (41,256 )
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account (68,659 ) (41,258 )
SHAREHOLDERS' FUNDS (68,657) (41,256)
Page 1
Page 2
For the year ending 30 September 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 Beaux South
Director
10 September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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:
Computer Equipment 25% Reducing Balance Method
1.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2022: 1)
1 1
3. Tangible Assets
Computer Equipment
£
Cost
As at 1 October 2022 15,460
Additions 2,250
As at 30 September 2023 17,710
...CONTINUED
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Page 4
Depreciation
As at 1 October 2022 6,548
Provided during the period 2,790
As at 30 September 2023 9,338
Net Book Value
As at 30 September 2023 8,372
As at 1 October 2022 8,912
4. Debtors
2023 2022
£ £
Due within one year
Trade debtors 5,744 3,950
5,744 3,950
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
VAT 901 858
Other creditors - DH 17,866 17,866
Director's loan account 64,103 35,978
82,870 54,702
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
7. General Information
Southernmost Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10944429 . The registered office is 36-38 Westbourne Grove, Newton Road, London, W2 5SH.
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