Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 06209085 Mr Christopher Sinclair Mrs Sarah Sinclair Chris Sinclair true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06209085 2023-04-30 06209085 2024-04-30 06209085 2023-05-01 2024-04-30 06209085 frs-core:CurrentFinancialInstruments 2024-04-30 06209085 frs-core:ComputerEquipment 2024-04-30 06209085 frs-core:ComputerEquipment 2023-05-01 2024-04-30 06209085 frs-core:ComputerEquipment 2023-04-30 06209085 frs-core:FurnitureFittings 2024-04-30 06209085 frs-core:FurnitureFittings 2023-05-01 2024-04-30 06209085 frs-core:FurnitureFittings 2023-04-30 06209085 frs-core:MotorVehicles 2024-04-30 06209085 frs-core:MotorVehicles 2023-05-01 2024-04-30 06209085 frs-core:MotorVehicles 2023-04-30 06209085 frs-core:ShareCapital 2024-04-30 06209085 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 06209085 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06209085 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 06209085 frs-bus:SmallEntities 2023-05-01 2024-04-30 06209085 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06209085 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 06209085 1 2023-05-01 2024-04-30 06209085 frs-bus:Director1 2023-05-01 2024-04-30 06209085 frs-bus:Director1 2023-04-30 06209085 frs-bus:Director1 2024-04-30 06209085 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 06209085 frs-countries:EnglandWales 2023-05-01 2024-04-30 06209085 2022-04-30 06209085 2023-04-30 06209085 2022-05-01 2023-04-30 06209085 frs-core:CurrentFinancialInstruments 2023-04-30 06209085 frs-core:ShareCapital 2023-04-30 06209085 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 06209085
Saint Ventures Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Cairns Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06209085
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 64,112 594
64,112 594
CURRENT ASSETS
Debtors 5 - 15,639
Cash at bank and in hand 7,863 8,874
7,863 24,513
Creditors: Amounts Falling Due Within One Year 6 (38,694 ) (15,722 )
NET CURRENT ASSETS (LIABILITIES) (30,831 ) 8,791
TOTAL ASSETS LESS CURRENT LIABILITIES 33,281 9,385
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,883 ) (113 )
NET ASSETS 31,398 9,272
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 31,298 9,172
SHAREHOLDERS' FUNDS 31,398 9,272
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For the year ending 30 April 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 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 Christopher Sinclair
Director
11/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Saint Ventures Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06209085 . The registered office is 106 Hilltop Road, Dronfield, S18 1UN.
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Motor Vehicles 20% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 25% reducing balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 - 378 3,180 3,558
Additions 68,999 - 1,834 70,833
As at 30 April 2024 68,999 378 5,014 74,391
Depreciation
As at 1 May 2023 - 257 2,707 2,964
Provided during the period 6,900 18 397 7,315
As at 30 April 2024 6,900 275 3,104 10,279
Net Book Value
As at 30 April 2024 62,099 103 1,910 64,112
As at 1 May 2023 - 121 473 594
5. Debtors
2024 2023
£ £
Due within one year
Director's loan account - 15,639
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 144 38
VAT 4,720 4,364
Other creditors 10,625 11,000
Accruals and deferred income 335 320
Director's loan account 22,870 -
38,694 15,722
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Christopher Sinclair 15,638 - 15,638 - -
The above loan is unsecured, interest free and repayable on demand.
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9. Ultimate Controlling Party
The company's ultimate controlling party is Chris Sinclair by virtue of his beneficial ownership of 100% of the issued share capital in the company.
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