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 13369983 Mr S J Chambers iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13369983 2023-04-30 13369983 2024-04-30 13369983 2023-05-01 2024-04-30 13369983 frs-core:CurrentFinancialInstruments 2024-04-30 13369983 frs-core:ComputerEquipment 2023-05-01 2024-04-30 13369983 frs-core:FurnitureFittings 2023-05-01 2024-04-30 13369983 frs-core:MotorVehicles 2023-05-01 2024-04-30 13369983 frs-core:PlantMachinery 2024-04-30 13369983 frs-core:PlantMachinery 2023-05-01 2024-04-30 13369983 frs-core:PlantMachinery 2023-04-30 13369983 frs-core:ShareCapital 2024-04-30 13369983 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 13369983 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13369983 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 13369983 frs-bus:SmallEntities 2023-05-01 2024-04-30 13369983 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 13369983 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 13369983 frs-bus:Director1 2023-05-01 2024-04-30 13369983 frs-countries:EnglandWales 2023-05-01 2024-04-30 13369983 2022-04-30 13369983 2023-04-30 13369983 2022-05-01 2023-04-30 13369983 frs-core:CurrentFinancialInstruments 2023-04-30 13369983 frs-core:ShareCapital 2023-04-30 13369983 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 13369983
3 Fat Seagulls Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13369983
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,339 34,297
26,339 34,297
CURRENT ASSETS
Debtors 5 1,438 1,079
Cash at bank and in hand 11,572 5,253
13,010 6,332
Creditors: Amounts Falling Due Within One Year 6 (12,724 ) (29,359 )
NET CURRENT ASSETS (LIABILITIES) 286 (23,027 )
TOTAL ASSETS LESS CURRENT LIABILITIES 26,625 11,270
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,652 ) -
NET ASSETS 19,973 11,270
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 19,873 11,170
SHAREHOLDERS' FUNDS 19,973 11,270
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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 S J Chambers
Director
29/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
3 Fat Seagulls Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13369983 . The registered office is C/O Smooth Accounting Limited, Building 1000 Lakeside North Harbour, western Road, PO6 3EN.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 5 years straight line
Computer Equipment 3 years straight line
2.4. Financial Instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
2.5. Taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
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2.6. Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 May 2023 61,725
Additions 1,440
As at 30 April 2024 63,165
Depreciation
As at 1 May 2023 27,428
Provided during the period 9,398
As at 30 April 2024 36,826
Net Book Value
As at 30 April 2024 26,339
As at 1 May 2023 34,297
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,438 1,079
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 26 27
Other creditors 2,468 27,989
Taxation and social security 10,230 1,343
12,724 29,359
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
Included within other creditors is an amount owed to the directors of £2,468 (2023- £27,989). This amount is undated, unsecured, interest free and repayable on demand.
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