Acorah Software Products - Accounts Production 15.0.600 false true 27 December 2022 28 December 2021 false 28 December 2022 27 December 2023 27 December 2023 07303670 Mr Robert Orchard Mr Marcus Webb iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07303670 2022-12-27 07303670 2023-12-27 07303670 2022-12-28 2023-12-27 07303670 frs-core:CurrentFinancialInstruments 2023-12-27 07303670 frs-core:ComputerEquipment 2023-12-27 07303670 frs-core:ComputerEquipment 2022-12-28 2023-12-27 07303670 frs-core:ComputerEquipment 2022-12-27 07303670 frs-core:FurnitureFittings 2023-12-27 07303670 frs-core:FurnitureFittings 2022-12-28 2023-12-27 07303670 frs-core:FurnitureFittings 2022-12-27 07303670 frs-core:ShareCapital 2023-12-27 07303670 frs-core:RetainedEarningsAccumulatedLosses 2023-12-27 07303670 frs-bus:PrivateLimitedCompanyLtd 2022-12-28 2023-12-27 07303670 frs-bus:FilletedAccounts 2022-12-28 2023-12-27 07303670 frs-bus:SmallEntities 2022-12-28 2023-12-27 07303670 frs-bus:AuditExempt-NoAccountantsReport 2022-12-28 2023-12-27 07303670 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-28 2023-12-27 07303670 frs-bus:Director1 2022-12-28 2023-12-27 07303670 frs-bus:Director2 2022-12-28 2023-12-27 07303670 frs-core:CurrentFinancialInstruments 1 2023-12-27 07303670 frs-core:CurrentFinancialInstruments 2 2023-12-27 07303670 frs-countries:EnglandWales 2022-12-28 2023-12-27 07303670 2021-12-27 07303670 2022-12-27 07303670 2021-12-28 2022-12-27 07303670 frs-core:CurrentFinancialInstruments 2022-12-27 07303670 frs-core:ShareCapital 2022-12-27 07303670 frs-core:RetainedEarningsAccumulatedLosses 2022-12-27 07303670 frs-core:CurrentFinancialInstruments 1 2022-12-27 07303670 frs-core:CurrentFinancialInstruments 2 2022-12-27
Registered number: 07303670
The Slow Journalism Company Ltd
Unaudited Financial Statements
For The Year Ended 27 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07303670
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,162 4,634
6,162 4,634
CURRENT ASSETS
Stocks 5 67,622 66,004
Debtors 6 27,445 47,075
Cash at bank and in hand 149,292 117,808
244,359 230,887
Creditors: Amounts Falling Due Within One Year 7 (260,776 ) (248,322 )
NET CURRENT ASSETS (LIABILITIES) (16,417 ) (17,435 )
TOTAL ASSETS LESS CURRENT LIABILITIES (10,255 ) (12,801 )
NET LIABILITIES (10,255 ) (12,801 )
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account (10,455 ) (13,001 )
SHAREHOLDERS' FUNDS (10,255) (12,801)
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For the year ending 27 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 Robert Orchard
Director
18/09/2024
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
The Slow Journalism Company Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07303670 . The registered office is Bridlesmeet Cricket Lane, Lower Bourne, Farnham, England, GU10 3PR.
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.
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:
Fixtures & Fittings Reducing balance method @25%
Computer Equipment Reducing balance method @25%
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. 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.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable.
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 years 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.
Current 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 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: 5 (2022: 5)
5 5
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 28 December 2022 7,252 15,584 22,836
Additions 382 3,199 3,581
As at 27 December 2023 7,634 18,783 26,417
Depreciation
As at 28 December 2022 6,000 12,202 18,202
Provided during the period 409 1,644 2,053
As at 27 December 2023 6,409 13,846 20,255
Net Book Value
As at 27 December 2023 1,225 4,937 6,162
As at 28 December 2022 1,252 3,382 4,634
5. Stocks
2023 2022
£ £
Finished goods 67,622 66,004
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 7,904 27,419
Other debtors (1) 4,798 4,798
VAT 14,743 14,195
Other taxes and social security - 663
27,445 47,075
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 42,355 26,189
Bank loans and overdrafts - 4
Corporation tax - (1,201 )
Other taxes and social security 7,006 -
Pension payable 1,131 976
Deferred Income 193,010 196,543
Accruals and deferred income 2,640 2,950
Directors' loan accounts 14,634 22,861
260,776 248,322
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 200 200
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