Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 06459182 Mrs Christie Brown Mr David Brown iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06459182 2022-12-31 06459182 2023-12-31 06459182 2023-01-01 2023-12-31 06459182 frs-core:CurrentFinancialInstruments 2023-12-31 06459182 frs-core:Non-currentFinancialInstruments 2023-12-31 06459182 frs-core:ComputerEquipment 2023-12-31 06459182 frs-core:ComputerEquipment 2023-01-01 2023-12-31 06459182 frs-core:ComputerEquipment 2022-12-31 06459182 frs-core:FurnitureFittings 2023-12-31 06459182 frs-core:FurnitureFittings 2023-01-01 2023-12-31 06459182 frs-core:FurnitureFittings 2022-12-31 06459182 frs-core:PlantMachinery 2023-12-31 06459182 frs-core:PlantMachinery 2023-01-01 2023-12-31 06459182 frs-core:PlantMachinery 2022-12-31 06459182 frs-core:ShareCapital 2023-12-31 06459182 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06459182 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06459182 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06459182 frs-bus:SmallEntities 2023-01-01 2023-12-31 06459182 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06459182 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06459182 frs-bus:Director1 2023-01-01 2023-12-31 06459182 frs-bus:Director1 2022-12-31 06459182 frs-bus:Director1 2023-12-31 06459182 frs-bus:Director2 2023-01-01 2023-12-31 06459182 frs-bus:Director2 2022-12-31 06459182 frs-bus:Director2 2023-12-31 06459182 frs-core:CurrentFinancialInstruments 1 2023-12-31 06459182 frs-countries:EnglandWales 2023-01-01 2023-12-31 06459182 2021-12-31 06459182 2022-12-31 06459182 2022-01-01 2022-12-31 06459182 frs-core:CurrentFinancialInstruments 2022-12-31 06459182 frs-core:Non-currentFinancialInstruments 2022-12-31 06459182 frs-core:ShareCapital 2022-12-31 06459182 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 06459182 frs-core:CurrentFinancialInstruments 1 2022-12-31
Searchlight Network Limited
Financial Statements
For The Year Ended 31 December 2023
TaxAssist Accountants
133 Station Road
Sidcup
DA15 7AA
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06459182
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,143 9,444
6,143 9,444
CURRENT ASSETS
Debtors 5 30,387 17,238
Cash at bank and in hand 36,140 45,268
66,527 62,506
Creditors: Amounts Falling Due Within One Year 6 (54,999 ) (45,842 )
NET CURRENT ASSETS (LIABILITIES) 11,528 16,664
TOTAL ASSETS LESS CURRENT LIABILITIES 17,671 26,108
Creditors: Amounts Falling Due After More Than One Year 7 (12,469 ) (20,574 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,167 ) (1,794 )
NET ASSETS 4,035 3,740
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 3,935 3,640
SHAREHOLDERS' FUNDS 4,035 3,740
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For the year ending 31 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 David Brown
Director
24 September 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Searchlight Network Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06459182 . The registered office is 119 Station Road, Sidcup, Kent, DA15 7AJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
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:
Plant & Machinery 25% Straight line
Fixtures & Fittings 20% Straight line
Computer Equipment 33.33% Straight line
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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 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.
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 assets reflect 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: 3 (2022: 5)
3 5
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 1,699 17,788 1,981 21,468
Additions - - 1,781 1,781
As at 31 December 2023 1,699 17,788 3,762 23,249
Depreciation
As at 1 January 2023 1,218 9,837 969 12,024
Provided during the period 425 3,558 1,099 5,082
As at 31 December 2023 1,643 13,395 2,068 17,106
Net Book Value
As at 31 December 2023 56 4,393 1,694 6,143
As at 1 January 2023 481 7,951 1,012 9,444
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 900 -
Prepayments and accrued income - 93
Other debtors 8,234 1,997
Directors' loan accounts 21,253 15,148
30,387 17,238
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 5,121 3,619
Bank loans and overdrafts 7,927 7,133
Corporation tax 18,024 7,142
Other taxes and social security 87 62
VAT 6,400 6,714
Net wages 3,265 4,422
Pension control 55 106
Accruals and deferred income 14,120 16,644
54,999 45,842
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 12,469 20,574
12,469 20,574
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mrs Christie Brown 7,575 10,626 7,575 - 10,626
Mr David Brown 7,575 10,626 7,575 - 10,626
The above loan is unsecured, interest free and repayable on demand.
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