Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 09393844 Mr Gavin Lambert Ms Olya Paslay iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09393844 2023-01-31 09393844 2024-01-31 09393844 2023-02-01 2024-01-31 09393844 frs-core:CurrentFinancialInstruments 2024-01-31 09393844 frs-core:Non-currentFinancialInstruments 2024-01-31 09393844 frs-core:ComputerEquipment 2024-01-31 09393844 frs-core:ComputerEquipment 2023-02-01 2024-01-31 09393844 frs-core:ComputerEquipment 2023-01-31 09393844 frs-core:ShareCapital 2024-01-31 09393844 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09393844 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09393844 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 09393844 frs-bus:SmallEntities 2023-02-01 2024-01-31 09393844 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09393844 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09393844 frs-bus:Director1 2023-02-01 2024-01-31 09393844 frs-bus:Director2 2023-02-01 2024-01-31 09393844 frs-countries:AntiguaBarbuda 2023-02-01 2024-01-31 09393844 2022-01-31 09393844 2023-01-31 09393844 2022-02-01 2023-01-31 09393844 frs-core:CurrentFinancialInstruments 2023-01-31 09393844 frs-core:Non-currentFinancialInstruments 2023-01-31 09393844 frs-core:ShareCapital 2023-01-31 09393844 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 09393844 frs-core:CurrentFinancialInstruments 1 2023-01-31
Registered number: 09393844
Stonebranch Healthcare Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Praddy Financial Consultancy Ltd
Chartered Management Accountants
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09393844
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,122 438
1,122 438
CURRENT ASSETS
Debtors 5 80,133 66,463
Investments 6 69,942 50,000
Cash at bank and in hand 44,651 157,571
194,726 274,034
Creditors: Amounts Falling Due Within One Year 7 (21,577 ) (55,103 )
NET CURRENT ASSETS (LIABILITIES) 173,149 218,931
TOTAL ASSETS LESS CURRENT LIABILITIES 174,271 219,369
Creditors: Amounts Falling Due After More Than One Year 8 (5,770 ) (7,741 )
NET ASSETS 168,501 211,628
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 168,401 211,528
SHAREHOLDERS' FUNDS 168,501 211,628
Page 1
Page 2
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 Gavin Lambert
Director
28/03/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Stonebranch Healthcare Limited is a private company, limited by shares, incorporated in Antigua and Barbuda, registered number 09393844 . The registered office is 85 Great Portland Street, London, W1W 7LT.
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 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 20% Straightline method
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: 4 (2023: 4)
4 4
Page 3
Page 4
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 February 2023 1,095
Additions 1,129
As at 31 January 2024 2,224
Depreciation
As at 1 February 2023 657
Provided during the period 445
As at 31 January 2024 1,102
Net Book Value
As at 31 January 2024 1,122
As at 1 February 2023 438
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 40,800 27,000
Other debtors 26,725 17,000
Other taxes and social security - 417
Directors' loan accounts 12,608 22,046
80,133 66,463
6. Current Asset Investments
2024 2023
£ £
Listed investments 69,942 50,000
69,942 50,000
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,497 116
Corporation tax 6,588 37,329
Other taxes and social security 2,395 -
VAT 7,750 13,607
Net wages 3,347 3,596
Pension Payable - 80
Accruals and deferred income - 375
21,577 55,103
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,770 7,741
5,770 7,741
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
11. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 71,900 72,400
71,900 72,400
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