Acorah Software Products - Accounts Production 15.0.600 false true true 28 April 2023 29 April 2022 false 29 April 2023 28 April 2024 28 April 2024 12285683 Mr Philip Hodgkinson Mrs Michelle Padgham Mr Robert Twigg iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12285683 2023-04-28 12285683 2024-04-28 12285683 2023-04-29 2024-04-28 12285683 frs-core:CurrentFinancialInstruments 2024-04-28 12285683 frs-core:NetGoodwill 2024-04-28 12285683 frs-core:NetGoodwill 2023-04-29 2024-04-28 12285683 frs-core:NetGoodwill 2023-04-28 12285683 frs-core:ShareCapital 2024-04-28 12285683 frs-core:RetainedEarningsAccumulatedLosses 2023-04-29 2024-04-28 12285683 frs-core:RetainedEarningsAccumulatedLosses 2024-04-28 12285683 frs-bus:PrivateLimitedCompanyLtd 2023-04-29 2024-04-28 12285683 frs-bus:FilletedAccounts 2023-04-29 2024-04-28 12285683 frs-bus:SmallEntities 2023-04-29 2024-04-28 12285683 frs-bus:AuditExempt-NoAccountantsReport 2023-04-29 2024-04-28 12285683 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-29 2024-04-28 12285683 frs-bus:Director1 2023-04-29 2024-04-28 12285683 frs-bus:Director2 2023-04-29 2024-04-28 12285683 frs-bus:Director3 2023-04-29 2024-04-28 12285683 frs-core:CurrentFinancialInstruments 1 2024-04-28 12285683 frs-countries:EnglandWales 2023-04-29 2024-04-28 12285683 2022-04-28 12285683 2023-04-28 12285683 2022-04-29 2023-04-28 12285683 frs-core:CurrentFinancialInstruments 2023-04-28 12285683 frs-core:ShareCapital 2022-04-28 12285683 frs-core:ShareCapital 2023-04-28 12285683 frs-core:RetainedEarningsAccumulatedLosses 2022-04-29 2023-04-28 12285683 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-04-28 12285683 frs-core:RetainedEarningsAccumulatedLosses 2023-04-28 12285683 frs-core:CurrentFinancialInstruments 1 2023-04-28
Registered number: 12285683
Simons Developments Limited
Unaudited Financial Statements
For The Year Ended 28 April 2024
Agent Armour Accounts Limited
Contents
Page
Statement of Financial Position 1
Statement of Changes in Equity 2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 12285683
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 - 226,037
Cash at bank and in hand 62,595 200,687
62,595 426,724
Creditors: Amounts Falling Due Within One Year 6 (399,835 ) (556,901 )
NET CURRENT ASSETS (LIABILITIES) (337,240 ) (130,177 )
TOTAL ASSETS LESS CURRENT LIABILITIES (337,240 ) (130,177 )
NET LIABILITIES (337,240 ) (130,177 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Income Statement (337,242 ) (130,179 )
SHAREHOLDERS' FUNDS (337,240) (130,177)
For the year ending 28 April 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 Income Statement.
On behalf of the board
Mr Philip Hodgkinson
Director
Mrs Michelle Padgham
Director
16/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 1
Page 2
Statement of Changes in Equity
Share Capital Income Statement Total
£ £ £
As at 29 April 2022 2 (129,245 ) (129,243)
Loss for the year and total comprehensive income - (934 ) (934)
As at 28 April 2023 and 29 April 2023 2 (130,179 ) (130,177)
Loss for the year and total comprehensive income - (207,063 ) (207,063)
As at 28 April 2024 2 (337,242 ) (337,240)
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Simons Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12285683 . The registered office is The Old Rectory Main Street, Broxholme, Lincoln, LN1 2NG.
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. Going Concern Disclosure
At the time of signing these financial statements, the directors have considered the effect of the challenging financial market the UK is experiencing on the going concern position, having given due consideration to the trading performance of the company since the year end and projections for the next 12 months from the approval date, the directors are satisfied that the company has adequate resources to continue to meet its liabilities as they fall due including support from the directors.
2.3. 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 a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
* the amount of turnover can be measured reliably;
* it is probable that the company will receive the consideration due under the contract;
* the stage of completion of the contract at the end of the reporting period can be measured reliably; and
* the costs incurred and the costs to complete the contract can be measured reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business in 2019 and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of one years.
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 income statement 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 income statement as incurred.
2.6. 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.
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 29 April 2023 6
As at 28 April 2024 6
Amortisation
As at 29 April 2023 6
As at 28 April 2024 6
Net Book Value
As at 28 April 2024 -
As at 29 April 2023 -
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 225,992
Other debtors - 45
- 226,037
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Other taxes and social security 2,961 2,113
VAT 5,573 15,996
Other creditors 63,973 63,973
Pension payable 710 576
Accruals and deferred income 262,646 410,270
Directors' loan accounts 63,973 63,973
399,835 556,901
7. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Pension Commitments
The company operates a defined contribution pension scheme. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity.
Once the contributions have been paid the company has no further payment obligations.
Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. The assets of the plan are held separately from the company in independently administered funds.
10. Related Party Transactions
Included within creditors due within one year is £63,972 (2022: £63,972) due to the directors of the company. There is no set repayment date for these unsecured amounts due and no interest is charged.
Included within other creditors is a loan of £63,973 (2022: £63,973) due to a shareholder of the company. There is no set repayment date for this unsecured amount due and no interest is charged.
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