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 04641709 Mr JOHN ELLIOTT Mrs Emily ELLIOTT Dr Valerie Richards iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04641709 2023-01-31 04641709 2024-01-31 04641709 2023-02-01 2024-01-31 04641709 frs-core:Non-currentFinancialInstruments 2024-01-31 04641709 frs-core:ComputerEquipment 2024-01-31 04641709 frs-core:ComputerEquipment 2023-02-01 2024-01-31 04641709 frs-core:ComputerEquipment 2023-01-31 04641709 frs-core:FurnitureFittings 2024-01-31 04641709 frs-core:FurnitureFittings 2023-02-01 2024-01-31 04641709 frs-core:FurnitureFittings 2023-01-31 04641709 frs-core:MotorVehicles 2023-02-01 2024-01-31 04641709 frs-core:PlantMachinery 2024-01-31 04641709 frs-core:PlantMachinery 2023-02-01 2024-01-31 04641709 frs-core:PlantMachinery 2023-01-31 04641709 frs-core:ShareCapital 2024-01-31 04641709 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 04641709 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04641709 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 04641709 frs-bus:SmallEntities 2023-02-01 2024-01-31 04641709 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 04641709 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 04641709 frs-bus:Director1 2023-02-01 2024-01-31 04641709 frs-bus:Director2 2023-02-01 2024-01-31 04641709 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 04641709 frs-countries:EnglandWales 2023-02-01 2024-01-31 04641709 2022-01-31 04641709 2023-01-31 04641709 2022-02-01 2023-01-31 04641709 frs-core:Non-currentFinancialInstruments 2023-01-31 04641709 frs-core:ShareCapital 2023-01-31 04641709 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 04641709
Satori Designs Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Lloyd Richards Ltd
Eaton House Stoke Prior Lane
Leominster
Herefordshire
HR6 0NA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04641709
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,233 1,839
1,233 1,839
CURRENT ASSETS
Stocks 69,600 63,375
Debtors 2 3,729
Cash at bank and in hand 252,264 220,305
321,866 287,409
Creditors: Amounts Falling Due Within One Year (69,741 ) (72,563 )
NET CURRENT ASSETS (LIABILITIES) 252,125 214,846
TOTAL ASSETS LESS CURRENT LIABILITIES 253,358 216,685
Creditors: Amounts Falling Due After More Than One Year 5 (308 ) (270 )
NET ASSETS 253,050 216,415
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account 252,050 215,415
SHAREHOLDERS' FUNDS 253,050 216,415
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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 JOHN ELLIOTT
Director
Mrs Emily ELLIOTT
Director
19/06/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Satori Designs Limited is a private company, limited by shares, incorporated in Wales, registered number 04641709 . The registered office is Glandulas House, Llafan Fawr, Builth Wells, Powys, LD2 3LW
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. 
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.
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:
Plant & Machinery 20% straight line
Motor Vehicles 20% straight line
Fixtures & Fittings 20% straight line
Computer Equipment 20% straight line
2.4. 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.
2.5. 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.
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2.6. 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.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
All grants in the profit and loss account, if relevant are recognised when all conditions for receipt have been complied with.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 10)
9 10
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 4,866 9,007 4,393 18,266
Disposals (441 ) (3,540 ) (921 ) (4,902 )
As at 31 January 2024 4,425 5,467 3,472 13,364
Depreciation
As at 1 February 2023 4,430 9,007 2,990 16,427
Provided during the period 154 - 452 606
Disposals (441 ) (3,540 ) (921 ) (4,902 )
As at 31 January 2024 4,143 5,467 2,521 12,131
Net Book Value
As at 31 January 2024 282 - 951 1,233
As at 1 February 2023 436 - 1,403 1,839
5. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Deferred tax (Long term liabilities - creditors > 1 year) 308 270
Deferred taxation £308
6. Deferred Taxation
The provision for deferred tax is made up as follows:
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7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
8. Pension Commitments
The company operates a defined contribution pension scheme for .... The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £34.33 were due to the fund. They are included in Other Creditors.
9. Directors Advances, Credits and Guarantees
Dividends paid to directors during this accounting period
2024 2023
£ £
Mr JOHN ELLIOTT 15,600 15,600
Mrs Emily ELLIOTT 15,600 15,600
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