Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 11365342 Mr Mark Shand Mr Mark Shand iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11365342 2023-05-31 11365342 2024-05-31 11365342 2023-06-01 2024-05-31 11365342 frs-core:CurrentFinancialInstruments 2024-05-31 11365342 frs-core:ComputerEquipment 2024-05-31 11365342 frs-core:ComputerEquipment 2023-06-01 2024-05-31 11365342 frs-core:ComputerEquipment 2023-05-31 11365342 frs-core:FurnitureFittings 2024-05-31 11365342 frs-core:FurnitureFittings 2023-06-01 2024-05-31 11365342 frs-core:FurnitureFittings 2023-05-31 11365342 frs-core:WithinOneYear 2024-05-31 11365342 frs-core:ShareCapital 2024-05-31 11365342 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 11365342 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11365342 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 11365342 frs-bus:SmallEntities 2023-06-01 2024-05-31 11365342 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11365342 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11365342 frs-bus:OrdinaryShareClass1 2023-06-01 2024-05-31 11365342 frs-bus:OrdinaryShareClass1 2024-05-31 11365342 frs-core:DeferredTaxation 2023-06-01 2024-05-31 11365342 frs-core:DeferredTaxation 2023-05-31 11365342 frs-core:DeferredTaxation 2024-05-31 11365342 frs-bus:Director1 2023-06-01 2024-05-31 11365342 frs-bus:Director1 2023-05-31 11365342 frs-bus:Director1 2024-05-31 11365342 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 11365342 frs-countries:EnglandWales 2023-06-01 2024-05-31 11365342 2022-05-31 11365342 2023-05-31 11365342 2022-06-01 2023-05-31 11365342 frs-core:CurrentFinancialInstruments 2023-05-31 11365342 frs-core:BetweenOneFiveYears 2023-05-31 11365342 frs-core:WithinOneYear 2023-05-31 11365342 frs-core:ShareCapital 2023-05-31 11365342 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 11365342 frs-bus:OrdinaryShareClass1 2022-06-01 2023-05-31
Registered number: 11365342
SDDC Consulting Ltd
Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11365342
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 245 492
245 492
CURRENT ASSETS
Debtors 5 636,457 611,520
Cash at bank and in hand 209,896 99,972
846,353 711,492
Creditors: Amounts Falling Due Within One Year 6 (69,312 ) (86,104 )
NET CURRENT ASSETS (LIABILITIES) 777,041 625,388
TOTAL ASSETS LESS CURRENT LIABILITIES 777,286 625,880
PROVISIONS FOR LIABILITIES
Deferred Taxation (80 ) (122 )
NET ASSETS 777,206 625,758
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 777,205 625,757
SHAREHOLDERS' FUNDS 777,206 625,758
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Mark Shand
Director
14 October 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SDDC Consulting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11365342 . The registered office is 14 Woodfield Road, Bristol, BS6 6JQ.
The presentation currency of the financial statements is the Pound Sterling (£)
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 represents the revenue generated from the sale of services. Revenue is measured at the fair value of the consideration received and receivable excluding value added tax.
Revenue from services is recognised when services have been provided and the contractual right to the consideration has been earned. For incomplete contracts an assessment is made of the extent to which revenue has been earned.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses
Depreciation is provided at following annual rates in order to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on cost
Computer Equipment 25% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter with a full charge on the year of acquisition.
The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
...CONTINUED
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2.5. Taxation - continued
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.
2.6. 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.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
The average number of employees, including directors, during the year was 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 1,153 706 1,859
As at 31 May 2024 1,153 706 1,859
Depreciation
As at 1 June 2023 768 599 1,367
Provided during the period 193 54 247
As at 31 May 2024 961 653 1,614
Net Book Value
As at 31 May 2024 192 53 245
As at 1 June 2023 385 107 492
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by participating interests 375,817 351,186
Other debtors 196,603 196,419
572,420 547,605
...CONTINUED
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Due after more than one year
Other debtors 64,037 63,915
636,457 611,520
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 2,369 2,216
Taxation and social security 66,943 83,888
69,312 86,104
7. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 June 2023 122 122
Deferred taxation (42 ) (42 )
Balance at 31 May 2024 80 80
The provision for deferred taxation is made up of accelerated capital allowances.
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.000 each 1 1
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 7,496 7,496
Later than one year and not later than five years - 7,496
7,496 14,992
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10. Directors Advances, Credits and Guarantees
The following advances and credits to directors subsisted during the financial year were as follows:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr Mark Shand 195,320 16,041 (15,682 ) - 195,679
Other than movements on the directors' loan accounts with the company, there were no other advances, credits and guarantees with the directors during the accounting period.
The above loan is unsecured and is repayable on demand. Interest has been charged on a monthly basis at the official HMRC rate of interest.
11. Related Party Transactions
During the year, total dividends of £1,000 (2023 - £2,000) were paid to the directors.
Mr M Shand, director and shareholder, is a shareholder of SDDC Property Ltd. At 31 May 2024, £375,817 (2023: £351,186) was owed by SDDC Property Ltd. This amount is unsecured, interest free and repayable on demand.
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