Acorah Software Products - Accounts Production 14.6.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 09393951 Dr Samina Price Mr Mark Price iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09393951 2023-03-31 09393951 2024-03-31 09393951 2023-04-01 2024-03-31 09393951 frs-core:CurrentFinancialInstruments 2024-03-31 09393951 frs-core:ComputerEquipment 2024-03-31 09393951 frs-core:ComputerEquipment 2023-04-01 2024-03-31 09393951 frs-core:ComputerEquipment 2023-03-31 09393951 frs-core:OtherReservesSubtotal 2024-03-31 09393951 frs-core:ShareCapital 2024-03-31 09393951 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09393951 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09393951 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09393951 frs-bus:SmallEntities 2023-04-01 2024-03-31 09393951 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09393951 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09393951 frs-bus:Director1 2023-04-01 2024-03-31 09393951 frs-bus:Director2 2023-04-01 2024-03-31 09393951 frs-countries:EnglandWales 2023-04-01 2024-03-31 09393951 2022-03-31 09393951 2023-03-31 09393951 2022-04-01 2023-03-31 09393951 frs-core:CurrentFinancialInstruments 2023-03-31 09393951 frs-core:OtherReservesSubtotal 2023-03-31 09393951 frs-core:ShareCapital 2023-03-31 09393951 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 09393951
Sea Glass Services Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Fairmans Accountants
61 Stanifield Lane
Farington
Leyland
PR25 4UD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09393951
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 913 724
Investment Properties 5 269,611 269,611
270,524 270,335
CURRENT ASSETS
Debtors 6 - (138 )
Cash at bank and in hand 134,570 131,700
134,570 131,562
Creditors: Amounts Falling Due Within One Year 7 (25,974 ) (28,661 )
NET CURRENT ASSETS (LIABILITIES) 108,596 102,901
TOTAL ASSETS LESS CURRENT LIABILITIES 379,120 373,236
NET ASSETS 379,120 373,236
CAPITAL AND RESERVES
Called up share capital 8 115 115
Other reserves 103,900 103,900
Profit and Loss Account 275,105 269,221
SHAREHOLDERS' FUNDS 379,120 373,236
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For the year ending 31 March 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
Dr Samina Price
Director
10/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sea Glass Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09393951 . The registered office is 61 Stanifield Lane, Farington, Leyland, Lancashire, PR25 4UD.
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.
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.
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:
Computer Equipment 33% S/L
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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2.5. Taxation
Income tax expense represents 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 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.
Current tax for the year is recognised in profit or loss, except when it relates 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: 2 (2023: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 869
Additions 719
As at 31 March 2024 1,588
Depreciation
As at 1 April 2023 145
Provided during the period 530
As at 31 March 2024 675
Net Book Value
As at 31 March 2024 913
As at 1 April 2023 724
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 269,611
6. Debtors
2024 2023
£ £
Due within one year
Deferred tax current asset - (138)
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (1 )
Corporation tax 1,726 722
Accruals and deferred income 900 2,000
Directors' loan accounts 23,348 25,940
25,974 28,661
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 115 115
9. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Dr Samina Price 2,522 1,009
Mr Mark Price 2,478 991
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