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 05779447 Jason Hewitt Vilma Hewitt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05779447 2023-03-31 05779447 2024-03-31 05779447 2023-04-01 2024-03-31 05779447 frs-core:CurrentFinancialInstruments 2024-03-31 05779447 frs-core:Non-currentFinancialInstruments 2024-03-31 05779447 frs-core:MotorVehicles 2024-03-31 05779447 frs-core:MotorVehicles 2023-04-01 2024-03-31 05779447 frs-core:MotorVehicles 2023-03-31 05779447 frs-core:PlantMachinery 2024-03-31 05779447 frs-core:PlantMachinery 2023-04-01 2024-03-31 05779447 frs-core:PlantMachinery 2023-03-31 05779447 frs-core:WithinOneYear 2024-03-31 05779447 frs-core:ShareCapital 2024-03-31 05779447 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05779447 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05779447 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05779447 frs-bus:SmallEntities 2023-04-01 2024-03-31 05779447 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05779447 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05779447 frs-bus:Director1 2023-04-01 2024-03-31 05779447 frs-bus:Director2 2023-04-01 2024-03-31 05779447 frs-core:CurrentFinancialInstruments 3 2024-03-31 05779447 frs-countries:EnglandWales 2023-04-01 2024-03-31 05779447 2022-03-31 05779447 2023-03-31 05779447 2022-04-01 2023-03-31 05779447 frs-core:CurrentFinancialInstruments 2023-03-31 05779447 frs-core:Non-currentFinancialInstruments 2023-03-31 05779447 frs-core:BetweenOneFiveYears 2023-03-31 05779447 frs-core:WithinOneYear 2023-03-31 05779447 frs-core:ShareCapital 2023-03-31 05779447 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 05779447 frs-core:CurrentFinancialInstruments 3 2023-03-31
Registered number: 05779447
Strawberry Medical Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Directors Jason Hewitt
Vilma Hewitt
Company Number 05779447
Registered Office Unit 8 Wornal Business Park
Menmarsh Road, Worminghall
Aylesbury
Bucks
HP18 9PH
Accountants HJP Chartered
Audley House
Northbridge Road
Berkhamsted
Herts
HP4 1EH
Page 1
Page 2
Balance Sheet
Registered number: 05779447
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 30,351 46,880
30,351 46,880
CURRENT ASSETS
Stocks 5 30,874 27,043
Debtors 6 402,901 450,207
Cash at bank and in hand 180,809 285,978
614,584 763,228
Creditors: Amounts Falling Due Within One Year 7 (186,091 ) (249,688 )
NET CURRENT ASSETS (LIABILITIES) 428,493 513,540
TOTAL ASSETS LESS CURRENT LIABILITIES 458,844 560,420
Creditors: Amounts Falling Due After More Than One Year 8 (58,500 ) (164,163 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (3,389 ) (6,351 )
NET ASSETS 396,955 389,906
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 396,855 389,806
SHAREHOLDERS' FUNDS 396,955 389,906
Page 2
Page 3
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
Jason Hewitt
Director
15 October 2024
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Strawberry Medical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05779447 . The registered office is Unit 8 Wornal Business Park , Menmarsh Road, Worminghall, Aylesbury, Bucks, HP18 9PH.
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.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & Machinery 20% straight line to 25% reducing balance
Motor Vehicles 25% straight line
2.4. 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.
2.5. 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.
2.6. 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.
Page 4
Page 5
2.7. 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 4)
3 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 149,163 48,146 197,309
As at 31 March 2024 149,163 48,146 197,309
Depreciation
As at 1 April 2023 130,104 20,325 150,429
Provided during the period 4,492 12,037 16,529
As at 31 March 2024 134,596 32,362 166,958
Net Book Value
As at 31 March 2024 14,567 15,784 30,351
As at 1 April 2023 19,059 27,821 46,880
5. Stocks
2024 2023
£ £
Finished goods 30,874 27,043
Page 5
Page 6
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,168 44,511
Prepayments and accrued income 2,352 2,085
Other debtors 392,381 403,611
402,901 450,207
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 23,000 19,734
Bank loans and overdrafts 26,000 26,000
Corporation tax 1,481 33,200
Other taxes and social security 32,180 30,418
VAT 181 33,364
Other creditors 3,284 22,400
Deferred income 79,663 79,663
Accruals 3,525 4,865
Directors' loan accounts 16,777 44
186,091 249,688
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 58,500 84,500
Other creditors - 79,663
58,500 164,163
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 3,389 6,351
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 6
Page 7
11. Other Commitments
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
2024 2023
£ £
Not later than one year 761 -
Later than one year and not later than five years - 3,804
761 3,804
12. Related Party Transactions
Modular Medical Ltd is a company incorporated in England which is jointly controlled by the directors, Jason and Vilma Hewitt.
The company rents its offices from this company. The rent is at market value.
National Westminster Bank Plc hold a fixed charge over the assets of both companies in respect of the mortgage on this property, totalling £176,250.
At the end of the year the company was owed £392,346 (2023 - £403,312) by Modular Medical Ltd.
Page 7