Acorah Software Products - Accounts Production 14.6.300 false true false 27 January 2023 31 January 2024 31 January 2024 14623106 Mr Christian Walker Mr Ramy Soliman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14623106 2023-01-26 14623106 2024-01-31 14623106 2023-01-27 2024-01-31 14623106 frs-core:CurrentFinancialInstruments 2024-01-31 14623106 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 14623106 frs-bus:CompanyLimitedByGuarantee 2023-01-27 2024-01-31 14623106 frs-bus:FilletedAccounts 2023-01-27 2024-01-31 14623106 frs-bus:SmallEntities 2023-01-27 2024-01-31 14623106 frs-bus:AuditExempt-NoAccountantsReport 2023-01-27 2024-01-31 14623106 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-27 2024-01-31 14623106 frs-bus:Director1 2023-01-27 2024-01-31 14623106 frs-bus:Director2 2023-01-27 2024-01-31 14623106 frs-countries:EnglandWales 2023-01-27 2024-01-31
Registered number: 14623106
Stablecoin Standard Ltd
Unaudited Financial Statements
For the Period 27 January 2023 to 31 January 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14623106
31 January 2024
Notes £ £
CURRENT ASSETS
Debtors 4 (7,823 )
(7,823 )
NET CURRENT ASSETS (LIABILITIES) (7,823 )
TOTAL ASSETS LESS CURRENT LIABILITIES (7,823 )
NET LIABILITIES (7,823 )
Income and Expenditure Account (7,823 )
MEMBERS' FUNDS (7,823)
For the period 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 Income and Expenditure Account.
On behalf of the board
Mr Christian Walker
Director
16th September 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Stablecoin Standard Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 14623106 . The registered office is 13 Upper High Street, Thame, OX9 3ER.
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. 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 surplus.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Debtors
31 January 2024
£
Due within one year
Trade debtors (4,157 )
Other debtors (3,666)
(7,823 )
Page 2
Page 3
5. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 3