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 10394195 Mrs PAULA SULLIVAN Mr MARK SULLIVAN iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10394195 2023-03-31 10394195 2024-03-31 10394195 2023-04-01 2024-03-31 10394195 frs-core:CurrentFinancialInstruments 2024-03-31 10394195 frs-core:ShareCapital 2024-03-31 10394195 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10394195 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10394195 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10394195 frs-bus:SmallEntities 2023-04-01 2024-03-31 10394195 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10394195 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10394195 frs-core:ListedExchangeTraded 2024-03-31 10394195 frs-core:ListedExchangeTraded 2023-03-31 10394195 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-03-31 10394195 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-03-31 10394195 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 10394195 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-03-31 10394195 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 10394195 frs-bus:Director1 2023-04-01 2024-03-31 10394195 frs-bus:Director2 2023-04-01 2024-03-31 10394195 frs-countries:EnglandWales 2023-04-01 2024-03-31 10394195 2022-03-31 10394195 2023-03-31 10394195 2022-04-01 2023-03-31 10394195 frs-core:CurrentFinancialInstruments 2023-03-31 10394195 frs-core:ShareCapital 2023-03-31 10394195 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10394195
Neceda Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
MITCHELLS CHARTERED ACCOUNTANTS AND CONSULTANTS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10394195
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 66,719 49,119
66,719 49,119
CURRENT ASSETS
Stocks 5 1,317,846 1,107,888
Debtors 6 157 361
Cash at bank and in hand 931,747 1,245,321
2,249,750 2,353,570
Creditors: Amounts Falling Due Within One Year 7 (2,353,853 ) (2,446,863 )
NET CURRENT ASSETS (LIABILITIES) (104,103 ) (93,293 )
TOTAL ASSETS LESS CURRENT LIABILITIES (37,384 ) (44,174 )
NET LIABILITIES (37,384 ) (44,174 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (37,386 ) (44,176 )
SHAREHOLDERS' FUNDS (37,384) (44,174)
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
Mrs PAULA SULLIVAN
Director
07/08/2024
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
Neceda Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10394195 . The registered office is 6 Ranmore Road, Cheam, Sutton, England, SM2 7LT.
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. 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: 2 (2023: 2)
2 2
4. Investments
Listed
£
Cost
As at 1 April 2023 49,119
Additions 17,600
As at 31 March 2024 66,719
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 66,719
As at 1 April 2023 49,119
Page 3
Page 4
5. Stocks
2024 2023
£ £
Materials 1,020,587 1,056,902
Finished goods 297,259 50,986
1,317,846 1,107,888
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 157 361
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Other creditors 2,353,854 2,446,863
2,353,853 2,446,863
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4