Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 03189202 Mr Jonathan Ward Mr Martin Arkwright true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03189202 2022-12-31 03189202 2023-12-31 03189202 2023-01-01 2023-12-31 03189202 frs-core:CurrentFinancialInstruments 2023-12-31 03189202 frs-core:Non-currentFinancialInstruments 2023-12-31 03189202 frs-core:ComputerEquipment 2023-12-31 03189202 frs-core:ComputerEquipment 2023-01-01 2023-12-31 03189202 frs-core:ComputerEquipment 2022-12-31 03189202 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 03189202 frs-core:FurnitureFittings 2023-12-31 03189202 frs-core:FurnitureFittings 2023-01-01 2023-12-31 03189202 frs-core:FurnitureFittings 2022-12-31 03189202 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 03189202 frs-core:MotorVehicles 2023-12-31 03189202 frs-core:MotorVehicles 2023-01-01 2023-12-31 03189202 frs-core:MotorVehicles 2022-12-31 03189202 frs-core:OtherResidualIntangibleAssets 2023-12-31 03189202 frs-core:OtherResidualIntangibleAssets 2022-12-31 03189202 frs-core:PlantMachinery 2023-01-01 2023-12-31 03189202 frs-core:CapitalRedemptionReserve 2023-12-31 03189202 frs-core:SharePremium 2023-12-31 03189202 frs-core:ShareCapital 2023-12-31 03189202 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03189202 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03189202 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 03189202 frs-bus:SmallEntities 2023-01-01 2023-12-31 03189202 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03189202 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03189202 1 2023-01-01 2023-12-31 03189202 frs-bus:Director1 2023-01-01 2023-12-31 03189202 frs-bus:Director2 2023-01-01 2023-12-31 03189202 frs-countries:EnglandWales 2023-01-01 2023-12-31 03189202 2021-12-31 03189202 2022-12-31 03189202 2022-01-01 2022-12-31 03189202 frs-core:CurrentFinancialInstruments 2022-12-31 03189202 frs-core:Non-currentFinancialInstruments 2022-12-31 03189202 frs-core:CapitalRedemptionReserve 2022-12-31 03189202 frs-core:SharePremium 2022-12-31 03189202 frs-core:ShareCapital 2022-12-31 03189202 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 03189202
Secura Monde International Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Fry Associates
Chartered Accountants
The Quillets, 4 Netherhampton Road
Harnham
Salisbury
Wiltshire
SP2 8HE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03189202
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 3,894 5,035
3,894 5,035
CURRENT ASSETS
Stocks 6 - 110,000
Debtors 7 67,692 101,501
Cash at bank and in hand 569,066 797,601
636,758 1,009,102
Creditors: Amounts Falling Due Within One Year 8 (44,000 ) (206,670 )
NET CURRENT ASSETS (LIABILITIES) 592,758 802,432
TOTAL ASSETS LESS CURRENT LIABILITIES 596,652 807,467
Creditors: Amounts Falling Due After More Than One Year 9 - (42,905 )
NET ASSETS 596,652 764,562
CAPITAL AND RESERVES
Called up share capital 10 679 679
Share premium account 214,970 214,970
Capital redemption reserve 216 216
Profit and Loss Account 380,787 548,697
SHAREHOLDERS' FUNDS 596,652 764,562
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
Mr Jonathan Ward
Director
10/09/2024
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
Secura Monde International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03189202 . The registered office is 5 Beresford Gate, South Way, Andover, Hampshire, SP10 5BN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the Financial Reporting Standard FRS 102 section 1A for small entities.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Website development and filemaker software. They are amortised to profit and loss account over its estimated economic life of 3 -5 years.
2.4. 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:
Leasehold 20% straight line basis
Plant & Machinery 20% straight line basis
Motor Vehicles 20% straight line basis
Fixtures & Fittings 20% straight line basis
Computer Equipment 33.3% straight line basis
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. 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.
2.7. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 2 2
Sales, marketing and distribution 1 1
3 3
Page 3
Page 4
4. Intangible Assets
Other
£
Cost
As at 1 January 2023 27,559
As at 31 December 2023 27,559
Amortisation
As at 1 January 2023 27,559
As at 31 December 2023 27,559
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 3,167 49,994 37,748 90,909
Additions - - 808 808
As at 31 December 2023 3,167 49,994 38,556 91,717
Depreciation
As at 1 January 2023 - 49,994 35,880 85,874
Provided during the period 792 - 1,157 1,949
As at 31 December 2023 792 49,994 37,037 87,823
Net Book Value
As at 31 December 2023 2,375 - 1,519 3,894
As at 1 January 2023 3,167 - 1,868 5,035
6. Stocks
2023 2022
£ £
Work in progress - 110,000
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7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 48,950 80,862
Prepayments and accrued income 850 850
Other debtors 5,168 5,168
Corporation tax recoverable assets 385 446
Deferred tax current asset 5,885 5,885
VAT 3,658 8,290
Directors' loan accounts 2,796 -
67,692 101,501
Deferred tax
The movement in the deferred tax asset in the year is as follows:
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,592 24,461
Corporation tax 2,337 117,651
Other taxes and social security 2,269 -
Other creditors 30,778 57,577
Accruals and deferred income 5,000 4,000
Directors' loan accounts 1,024 2,981
44,000 206,670
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans - 42,905
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 679 679
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
2023 2022
£ £
Mr Jonathan Ward 90,000 72,000
Mr Martin Arkwright 90,000 72,000
Page 5
Page 6
12. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 180,000 144,000
13. Ultimate Controlling Party
The company is controlled by the directors by virtue of their shareholding.
Page 6