Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07825311 Mr Steven Thorne Mrs Juliet Thorne iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07825311 2023-03-31 07825311 2024-03-31 07825311 2023-04-01 2024-03-31 07825311 frs-core:CurrentFinancialInstruments 2024-03-31 07825311 frs-core:Non-currentFinancialInstruments 2024-03-31 07825311 frs-core:BetweenOneFiveYears 2024-03-31 07825311 frs-core:ComputerEquipment 2024-03-31 07825311 frs-core:ComputerEquipment 2023-04-01 2024-03-31 07825311 frs-core:ComputerEquipment 2023-03-31 07825311 frs-core:NetGoodwill 2024-03-31 07825311 frs-core:NetGoodwill 2023-04-01 2024-03-31 07825311 frs-core:NetGoodwill 2023-03-31 07825311 frs-core:MotorVehicles 2024-03-31 07825311 frs-core:MotorVehicles 2023-04-01 2024-03-31 07825311 frs-core:MotorVehicles 2023-03-31 07825311 frs-core:WithinOneYear 2024-03-31 07825311 frs-core:ShareCapital 2024-03-31 07825311 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07825311 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07825311 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07825311 frs-bus:SmallEntities 2023-04-01 2024-03-31 07825311 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07825311 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07825311 frs-bus:Director1 2023-04-01 2024-03-31 07825311 frs-bus:Director2 2023-04-01 2024-03-31 07825311 frs-countries:EnglandWales 2023-04-01 2024-03-31 07825311 2022-03-31 07825311 2023-03-31 07825311 2022-04-01 2023-03-31 07825311 frs-core:CurrentFinancialInstruments 2023-03-31 07825311 frs-core:Non-currentFinancialInstruments 2023-03-31 07825311 frs-core:BetweenOneFiveYears 2023-03-31 07825311 frs-core:WithinOneYear 2023-03-31 07825311 frs-core:ShareCapital 2023-03-31 07825311 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07825311
Screwdriver Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Radford & Sergeant Limited
40rty
40 Caversham Road
Reading
Berkshire
RG1 7EB
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07825311
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 2,750
Tangible Assets 5 29,658 50,093
29,658 52,843
CURRENT ASSETS
Debtors 6 24,559 81,395
24,559 81,395
Creditors: Amounts Falling Due Within One Year 7 (219,340 ) (174,825 )
NET CURRENT ASSETS (LIABILITIES) (194,781 ) (93,430 )
TOTAL ASSETS LESS CURRENT LIABILITIES (165,123 ) (40,587 )
Creditors: Amounts Falling Due After More Than One Year 8 (109,098 ) (119,036 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,635 ) (9,518 )
NET LIABILITIES (279,856 ) (169,141 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (279,956 ) (169,241 )
SHAREHOLDERS' FUNDS (279,856) (169,141)
Page 1
Page 2
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
Mr Steven Thorne
Director
31 October 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
Screwdriver Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07825311 . The registered office is 3 Geoffreyson Road, Caversham, Reading, Berkshire, RG4 7HS.
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 rendering of services.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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:
Motor Vehicles 25% Straight line
Computer Equipment 25% Straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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.
...CONTINUED
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2.6. Taxation - continued
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: 8 (2023: 9)
8 9
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 30,000
As at 31 March 2024 30,000
Amortisation
As at 1 April 2023 27,250
Provided during the period 2,750
As at 31 March 2024 30,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 2,750
5. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 97,161 3,761 100,922
Additions - 163 163
As at 31 March 2024 97,161 3,924 101,085
Depreciation
As at 1 April 2023 47,403 3,426 50,829
Provided during the period 20,407 191 20,598
As at 31 March 2024 67,810 3,617 71,427
Net Book Value
As at 31 March 2024 29,351 307 29,658
As at 1 April 2023 49,758 335 50,093
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 24,559 81,393
Other debtors - 2
24,559 81,395
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 18,003 11,267
Trade creditors - 1,210
Bank loans and overdrafts 70,514 34,409
Other taxes and social security 7,381 11,103
VAT 11,902 24,637
Net wages 135 389
Other creditors 1,748 1,020
Accruals and deferred income 1,770 1,495
Directors' loan accounts 105,887 89,295
Amounts owed to related parties 2,000 -
219,340 174,825
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 32,021 50,024
Bank loans 65,877 57,812
Other creditors 11,200 11,200
109,098 119,036
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 18,003 11,267
Later than one year and not later than five years 32,021 50,024
50,024 61,291
50,024 61,291
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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