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Registered number: 07932958
SanRis Builders Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Kent Coast Accounts Ltd
AAT Licenced Accountants
39 Brooke Avenue
Margate
Kent
CT9 5NG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07932958
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 128,898 138,634
128,898 138,634
CURRENT ASSETS
Stocks 5 50,000 120,000
Debtors 6 610,949 666,796
Cash at bank and in hand 233,677 340,222
894,626 1,127,018
Creditors: Amounts Falling Due Within One Year 7 (362,249 ) (451,928 )
NET CURRENT ASSETS (LIABILITIES) 532,377 675,090
TOTAL ASSETS LESS CURRENT LIABILITIES 661,275 813,724
Creditors: Amounts Falling Due After More Than One Year 8 (112,415 ) (214,275 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (24,495 ) (24,595 )
NET ASSETS 524,365 574,854
CAPITAL AND RESERVES
Called up share capital 10 3 3
Profit and Loss Account 524,362 574,851
SHAREHOLDERS' FUNDS 524,365 574,854
Page 1
Page 2
For the year ending 29 February 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 Christopher Dew
Director
24th October 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
SanRis Builders Ltd Registered number 07932958 is a limited by shares company incorporated in England & Wales. The Registered Office is 4 Burton Fields, Herne Bay, Kent, CT6 6LU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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. 
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.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 8% to 100% varying basis
Motor Vehicles 20% to 100% varying basis
Fixtures & Fittings 25% straight line
Assets considered to fully lose their value in the year of acquisition are fully depreciated when acquired. 
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and are depreciated over their useful lives. 
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. 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 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.
2.9. 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.
2.10. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.11. Directors Loans
Overdrawn Directors Loan Accounts are charged at 3% on an average balance each year on debit balances.
2.12. 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
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 5 5
Site Manager 3 2
8 7
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 March 2023 53,572 228,857 9,706 292,135
Additions 35,090 - 1,168 36,258
As at 29 February 2024 88,662 228,857 10,874 328,393
...CONTINUED
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Depreciation
As at 1 March 2023 46,530 98,897 8,074 153,501
Provided during the period 9,861 34,715 1,418 45,994
As at 29 February 2024 56,391 133,612 9,492 199,495
Net Book Value
As at 29 February 2024 32,271 95,245 1,382 128,898
As at 1 March 2023 7,042 129,960 1,632 138,634
5. Stocks
2024 2023
£ £
Materials 50,000 40,000
Work in progress - 80,000
50,000 120,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 51,509 111,674
Prepayments and accrued income 4,749 4,479
Other debtor 5,431 1,741
Corporation tax recoverable assets 6,548 6,548
68,237 124,442
Due after more than one year
Amounts recoverable on contracts 6,000 6,000
Other debtors 303,163 304,805
Amounts owed by joint-ventures 233,549 231,549
542,712 542,354
610,949 666,796
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 25,387 15,678
Trade creditors 78,008 169,536
Bank loans and overdrafts 95,682 85,169
Corporation tax 22,320 54,162
Other taxes and social security 17,574 17,677
VAT 43,821 36,535
Other creditors 2,219 3,012
Accruals and deferred income 10,034 9,313
Directors' loan accounts 67,204 60,846
362,249 451,928
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 38,650 44,324
Bank loans 73,765 169,951
112,415 214,275
9. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances.
2024 2023
£ £
Other timing differences 24,495 24,595
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
3 Ordinary Shares of £ 1.000 each 3 3
11. Pension Commitments
The company operates a defined contribution pension scheme for employees and directors. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of 2024 - £209 (2023 - £637) were due to the fund. They are included in Other Creditors.
12. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 114,000 114,000
13. Related Party Transactions
During the financial year, the Company maintained loans to closely related companies under common control and management. The total amount outstanding at any one point in the year was 2024 -£233,549 (2023 - £233,191), with the outstanding balance due to be paid at year-end being 2024 - £233,549 (2023 - £233,191). These loans are interest-free, and no set repayment strategy has been discussed. The directors believe that the intercompany debt will be repaid more than one year from the date of balance sheet preparation.
Existing intercompany debt to ACORNS DEVELOPMENTS LTD, a company registered in England and Wales under company number 12282248, is interest-free and expected to be repaid within five years. The total amount outstanding at balance sheet preparation was 2024 - £303,163 (2023 - £303,163).
14. Controlling Party Not Known
The company's controlling party is unknown.
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