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 10132617 Mr Timothy Hague Mr Timothy Hague iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10132617 2023-04-30 10132617 2024-04-30 10132617 2023-05-01 2024-04-30 10132617 frs-core:CurrentFinancialInstruments 2024-04-30 10132617 frs-core:Non-currentFinancialInstruments 2024-04-30 10132617 frs-core:PlantMachinery 2024-04-30 10132617 frs-core:PlantMachinery 2023-05-01 2024-04-30 10132617 frs-core:PlantMachinery 2023-04-30 10132617 frs-core:ShareCapital 2024-04-30 10132617 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10132617 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10132617 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10132617 frs-bus:SmallEntities 2023-05-01 2024-04-30 10132617 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10132617 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10132617 frs-bus:Director1 2023-05-01 2024-04-30 10132617 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 10132617 frs-core:CurrentFinancialInstruments 1 2024-04-30 10132617 frs-countries:EnglandWales 2023-05-01 2024-04-30 10132617 2022-04-30 10132617 2023-04-30 10132617 2022-05-01 2023-04-30 10132617 frs-core:CurrentFinancialInstruments 2023-04-30 10132617 frs-core:Non-currentFinancialInstruments 2023-04-30 10132617 frs-core:ShareCapital 2023-04-30 10132617 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 10132617 frs-core:CurrentFinancialInstruments 1 2023-04-30
Registered number: 10132617
Sagis Consulting Ltd
Financial Statements
For The Year Ended 30 April 2024
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10132617
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 1,419 1,892
1,419 1,892
CURRENT ASSETS
Stocks 4 - 19,550
Debtors 5 86,338 86,372
Cash at bank and in hand 35,366 24,188
121,704 130,110
Creditors: Amounts Falling Due Within One Year 6 (89,847 ) (58,881 )
NET CURRENT ASSETS (LIABILITIES) 31,857 71,229
TOTAL ASSETS LESS CURRENT LIABILITIES 33,276 73,121
Creditors: Amounts Falling Due After More Than One Year 7 (19,519 ) (23,296 )
NET ASSETS 13,757 49,825
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 13,756 49,824
SHAREHOLDERS' FUNDS 13,757 49,825
Page 1
Page 2
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 Timothy Hague
Director
29 August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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% Reducing Balance
1.4. 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.
1.5. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2023: NIL)
- -
Page 3
Page 4
3. Tangible Assets
Plant & Machinery
£
Cost
As at 1 May 2023 3,257
As at 30 April 2024 3,257
Depreciation
As at 1 May 2023 1,365
Provided during the period 473
As at 30 April 2024 1,838
Net Book Value
As at 30 April 2024 1,419
As at 1 May 2023 1,892
4. Stocks
2024 2023
£ £
Work in progress - 19,550
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 5
Prepayments and accrued income 210 241
Other debtors 21,126 21,124
Other debtors (1) 65,002 65,002
86,338 86,372
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 3,778 3,778
Corporation tax 71,018 38,129
VAT 7,441 10,568
Other creditors 6,049 6,049
Other creditors (1) 1,204 -
Accruals and deferred income 357 357
89,847 58,881
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 19,519 23,296
19,519 23,296
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. General Information
Sagis Consulting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10132617 . The registered office is Grosvenor House, 11 St. Pauls Square, Birmingham, B3 1RB.
Page 5