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 11184280 H Moon Y Jeong iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11184280 2023-01-31 11184280 2024-01-31 11184280 2023-02-01 2024-01-31 11184280 frs-core:CurrentFinancialInstruments 2024-01-31 11184280 frs-core:Non-currentFinancialInstruments 2024-01-31 11184280 frs-core:ComputerEquipment 2024-01-31 11184280 frs-core:ComputerEquipment 2023-02-01 2024-01-31 11184280 frs-core:ComputerEquipment 2023-01-31 11184280 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 11184280 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 11184280 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-31 11184280 frs-core:PlantMachinery 2024-01-31 11184280 frs-core:PlantMachinery 2023-02-01 2024-01-31 11184280 frs-core:PlantMachinery 2023-01-31 11184280 frs-core:ShareCapital 2024-01-31 11184280 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11184280 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11184280 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11184280 frs-bus:SmallEntities 2023-02-01 2024-01-31 11184280 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11184280 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11184280 frs-bus:Director1 2023-02-01 2024-01-31 11184280 frs-bus:Director1 2023-01-31 11184280 frs-bus:Director1 2024-01-31 11184280 frs-bus:Director2 2023-02-01 2024-01-31 11184280 frs-countries:EnglandWales 2023-02-01 2024-01-31 11184280 2022-01-31 11184280 2023-01-31 11184280 2022-02-01 2023-01-31 11184280 frs-core:CurrentFinancialInstruments 2023-01-31 11184280 frs-core:Non-currentFinancialInstruments 2023-01-31 11184280 frs-core:ShareCapital 2023-01-31 11184280 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 11184280
Sesame-UK Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11184280
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 129,064 136,404
129,064 136,404
CURRENT ASSETS
Stocks 5 10,257 13,894
Debtors 6 264,430 32,004
Investments 7 49 -
Cash at bank and in hand 225,571 456,768
500,307 502,666
Creditors: Amounts Falling Due Within One Year 8 (168,699 ) (168,985 )
NET CURRENT ASSETS (LIABILITIES) 331,608 333,681
TOTAL ASSETS LESS CURRENT LIABILITIES 460,672 470,085
Creditors: Amounts Falling Due After More Than One Year 9 (49,975 ) (77,830 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (181 ) (4,930 )
NET ASSETS 410,516 387,325
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 410,416 387,225
SHAREHOLDERS' FUNDS 410,516 387,325
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
H Moon
Director
23/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sesame-UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11184280 . The registered office is 4 Kensington House Festival Place, Town Centre, Basingstoke, England, RG21 7LN.
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. 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.
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:
Leasehold 5% on cost
Plant & Machinery 20% reducing balance
Computer Equipment 20% 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.
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 12)
13 12
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 148,831 46,672 1,040 196,543
Additions - 4,786 - 4,786
As at 31 January 2024 148,831 51,458 1,040 201,329
Depreciation
As at 1 February 2023 32,145 27,380 614 60,139
Provided during the period 7,441 4,600 85 12,126
As at 31 January 2024 39,586 31,980 699 72,265
Net Book Value
As at 31 January 2024 109,245 19,478 341 129,064
As at 1 February 2023 116,686 19,292 426 136,404
5. Stocks
2024 2023
£ £
Finished goods 10,257 13,894
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 221 -
Prepayments and accrued income 8,067 9,504
Other debtors 17,500 17,500
Directors' loan accounts 13,642 -
39,430 27,004
Due after more than one year
Other debtors 5,000 5,000
Amounts owed by group undertakings 220,000 -
225,000 5,000
264,430 32,004
7. Current Asset Investments
2024 2023
£ £
Unlisted investments 49 -
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Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 29,649 37,553
Bank loans and overdrafts 13,927 -
Corporation tax 55,067 24,400
Other taxes and social security 1,797 8,667
VAT 37,698 35,286
Net wages 23,736 18,801
Accruals and deferred income 6,825 6,719
Directors' loan accounts - 37,559
168,699 168,985
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 49,975 77,830
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mrs Hyee Jin Moon (37,560 ) 51,202 - - 13,642
The above loan is unsecured, interest free and paid after the year end in full.
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