Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 08397660 Mr David Walker Mr Michael Fox Mrs Valerie Bishopp Mr Paul Bishopp iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08397660 2023-01-31 08397660 2024-01-31 08397660 2023-02-01 2024-01-31 08397660 frs-core:CurrentFinancialInstruments 2024-01-31 08397660 frs-core:Non-currentFinancialInstruments 2024-01-31 08397660 frs-core:FurnitureFittings 2024-01-31 08397660 frs-core:FurnitureFittings 2023-02-01 2024-01-31 08397660 frs-core:FurnitureFittings 2023-01-31 08397660 frs-core:MotorVehicles 2024-01-31 08397660 frs-core:MotorVehicles 2023-02-01 2024-01-31 08397660 frs-core:MotorVehicles 2023-01-31 08397660 frs-core:PlantMachinery 2024-01-31 08397660 frs-core:PlantMachinery 2023-02-01 2024-01-31 08397660 frs-core:PlantMachinery 2023-01-31 08397660 frs-core:SharePremium 2024-01-31 08397660 frs-core:ShareCapital 2024-01-31 08397660 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08397660 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08397660 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 08397660 frs-bus:SmallEntities 2023-02-01 2024-01-31 08397660 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08397660 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08397660 frs-bus:Director1 2023-02-01 2024-01-31 08397660 frs-bus:Director2 2023-02-01 2024-01-31 08397660 frs-bus:Director3 2023-02-01 2024-01-31 08397660 frs-bus:Director4 2023-02-01 2024-01-31 08397660 frs-core:CurrentFinancialInstruments 1 2024-01-31 08397660 frs-core:CurrentFinancialInstruments 2 2024-01-31 08397660 frs-countries:EnglandWales 2023-02-01 2024-01-31 08397660 2022-01-31 08397660 2023-01-31 08397660 2022-02-01 2023-01-31 08397660 frs-core:CurrentFinancialInstruments 2023-01-31 08397660 frs-core:Non-currentFinancialInstruments 2023-01-31 08397660 frs-core:SharePremium 2023-01-31 08397660 frs-core:ShareCapital 2023-01-31 08397660 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 08397660 frs-core:CurrentFinancialInstruments 1 2023-01-31 08397660 frs-core:CurrentFinancialInstruments 2 2023-01-31
Registered number: 08397660
Sensapeel Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Booth & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08397660
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 43,522 55,073
43,522 55,073
CURRENT ASSETS
Stocks 5 3,523 2,955
Debtors 6 1,709 2,869
Cash at bank and in hand 13,624 31,690
18,856 37,514
Creditors: Amounts Falling Due Within One Year 7 (150,282 ) (113,976 )
NET CURRENT ASSETS (LIABILITIES) (131,426 ) (76,462 )
TOTAL ASSETS LESS CURRENT LIABILITIES (87,904 ) (21,389 )
Creditors: Amounts Falling Due After More Than One Year 8 (63,998 ) (59,743 )
NET LIABILITIES (151,902 ) (81,132 )
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Share premium account 29,950 29,950
Profit and Loss Account (182,852 ) (112,082 )
SHAREHOLDERS' FUNDS (151,902) (81,132)
Page 1
Page 2
For the year ending 31 January 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 David Walker
Director
17/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sensapeel Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08397660 . The registered office is Norton Hill Lodge, Norton Hill, Snettisham, Norfolk, PE31 7LZ.
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:
Plant & Machinery 25% Reducing balance
Motor Vehicles 20% Reducing balance
Fixtures & Fittings 25% Reducing balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 5)
4 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 February 2023 24,153 83,000 4,605 111,758
As at 31 January 2024 24,153 83,000 4,605 111,758
Depreciation
As at 1 February 2023 13,236 40,504 2,945 56,685
Provided during the period 2,637 8,499 415 11,551
As at 31 January 2024 15,873 49,003 3,360 68,236
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 January 2024 8,280 33,997 1,245 43,522
As at 1 February 2023 10,917 42,496 1,660 55,073
5. Stocks
2024 2023
£ £
Materials 3,523 2,955
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,496 1,496
VAT 213 1,373
1,709 2,869
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 43,900 6,880
Bank loans and overdrafts 26,667 33,551
Other taxes and social security 4,508 1,660
Net wages 5,109 1,087
Other creditors 12,082 12,082
Other creditors (1) 41,489 41,489
Provision for compensation 16,027 16,027
Accruals and deferred income 500 1,200
150,282 113,976
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 3,286
Directors loan account 63,998 56,457
63,998 59,743
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4