Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 03747867 Mr K Beadle Mr P Rolfe Mrs L Beadle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03747867 2023-05-31 03747867 2024-05-31 03747867 2023-06-01 2024-05-31 03747867 frs-core:CurrentFinancialInstruments 2024-05-31 03747867 frs-core:ComputerEquipment 2024-05-31 03747867 frs-core:ComputerEquipment 2023-06-01 2024-05-31 03747867 frs-core:ComputerEquipment 2023-05-31 03747867 frs-core:FurnitureFittings 2024-05-31 03747867 frs-core:FurnitureFittings 2023-06-01 2024-05-31 03747867 frs-core:FurnitureFittings 2023-05-31 03747867 frs-core:ShareCapital 2024-05-31 03747867 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 03747867 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 03747867 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 03747867 frs-bus:SmallEntities 2023-06-01 2024-05-31 03747867 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 03747867 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 03747867 frs-bus:Director1 2023-06-01 2024-05-31 03747867 frs-bus:Director2 2023-06-01 2024-05-31 03747867 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 03747867 frs-countries:EnglandWales 2023-06-01 2024-05-31 03747867 2022-05-31 03747867 2023-05-31 03747867 2022-06-01 2023-05-31 03747867 frs-core:CurrentFinancialInstruments 2023-05-31 03747867 frs-core:ShareCapital 2023-05-31 03747867 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 03747867
S.A.F. Co (Services) Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 03747867
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 15,003 15,091
15,003 15,091
CURRENT ASSETS
Debtors 4 275,950 175,246
Cash at bank and in hand 27,726 35,642
303,676 210,888
Creditors: Amounts Falling Due Within One Year 5 (262,710 ) (148,159 )
NET CURRENT ASSETS (LIABILITIES) 40,966 62,729
TOTAL ASSETS LESS CURRENT LIABILITIES 55,969 77,820
NET ASSETS 55,969 77,820
CAPITAL AND RESERVES
Called up share capital 6 100 100
Income Statement 55,869 77,720
SHAREHOLDERS' FUNDS 55,969 77,820
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For the year ending 31 May 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 Income Statement.
On behalf of the board
Mr K Beadle
Director
11 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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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 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:
Fixtures & Fittings 25% Reducing balance Basis
Computer Equipment 10% Reducing balance Basis
1.4. 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.
...CONTINUED
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1.4. Taxation - continued
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.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 4)
5 4
3. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 14,477 33,037 47,514
Additions - 1,561 1,561
As at 31 May 2024 14,477 34,598 49,075
Depreciation
As at 1 June 2023 13,908 18,515 32,423
Provided during the period 142 1,507 1,649
As at 31 May 2024 14,050 20,022 34,072
Net Book Value
As at 31 May 2024 427 14,576 15,003
As at 1 June 2023 569 14,522 15,091
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 246,435 166,818
Other debtors 29,515 8,428
275,950 175,246
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5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 246,639 74,395
Other creditors 5,557 45,051
Taxation and social security 10,514 28,713
262,710 148,159
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. General Information
S.A.F. Co (Services) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03747867 . The registered office is Foremost House, Radford Way, Billericay, Essex, CM12 0BT.
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