Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 5033740 Mr Sean Clarke Mrs Anne Clarke iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 5033740 2023-02-28 5033740 2024-02-28 5033740 2023-03-01 2024-02-28 5033740 frs-core:CurrentFinancialInstruments 2024-02-28 5033740 frs-core:Non-currentFinancialInstruments 2024-02-28 5033740 frs-core:BetweenOneFiveYears 2024-02-28 5033740 frs-core:ComputerEquipment 2024-02-28 5033740 frs-core:ComputerEquipment 2023-03-01 2024-02-28 5033740 frs-core:ComputerEquipment 2023-02-28 5033740 frs-core:MotorVehicles 2024-02-28 5033740 frs-core:MotorVehicles 2023-03-01 2024-02-28 5033740 frs-core:MotorVehicles 2023-02-28 5033740 frs-core:PlantMachinery 2024-02-28 5033740 frs-core:PlantMachinery 2023-03-01 2024-02-28 5033740 frs-core:PlantMachinery 2023-02-28 5033740 frs-core:WithinOneYear 2024-02-28 5033740 frs-core:ShareCapital 2024-02-28 5033740 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 5033740 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 5033740 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 5033740 frs-bus:SmallEntities 2023-03-01 2024-02-28 5033740 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 5033740 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 5033740 frs-core:OtherProvisionsContingentLiabilities 2023-02-28 5033740 frs-core:OtherProvisionsContingentLiabilities 2024-02-28 5033740 frs-bus:Director1 2023-03-01 2024-02-28 5033740 frs-bus:CompanySecretary1 2023-03-01 2024-02-28 5033740 frs-countries:EnglandWales 2023-03-01 2024-02-28 5033740 2022-02-28 5033740 2023-02-28 5033740 2022-03-01 2023-02-28 5033740 frs-core:CurrentFinancialInstruments 2023-02-28 5033740 frs-core:Non-currentFinancialInstruments 2023-02-28 5033740 frs-core:BetweenOneFiveYears 2023-02-28 5033740 frs-core:WithinOneYear 2023-02-28 5033740 frs-core:ShareCapital 2023-02-28 5033740 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 5033740
SEC Consulting Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Cottage Computer Services Limited
FMAAT
The Cottage
55 Dysart Avenue
Drayton
Portsmouth
PO6 2LY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 5033740
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 99,079 106,328
99,079 106,328
CURRENT ASSETS
Debtors 5 5,071 4,791
Cash at bank and in hand 124,919 79,718
129,990 84,509
Creditors: Amounts Falling Due Within One Year 6 (56,195 ) (42,186 )
NET CURRENT ASSETS (LIABILITIES) 73,795 42,323
TOTAL ASSETS LESS CURRENT LIABILITIES 172,874 148,651
Creditors: Amounts Falling Due After More Than One Year 7 (19,241 ) (34,358 )
PROVISIONS FOR LIABILITIES
Provisions For Charges 9 (3,920 ) (3,920 )
NET ASSETS 149,713 110,373
CAPITAL AND RESERVES
Called up share capital 10 3 3
Profit and Loss Account 149,710 110,370
SHAREHOLDERS' FUNDS 149,713 110,373
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Page 2
For the year ending 28 February 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 Sean Clarke
Director
25/11/2024
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
SEC Consulting Limited Registered number 5033740 is a limited by shares company incorporated in England & Wales. The Registered Office is 2 Rathdora Mews, Hamble Lane, Burlesdon, Southampton, SO31 8EL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. 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 15% per annum reducing balance
Motor Vehicles 15% per annum reducing balance
Computer Equipment 15% per annum reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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 profit and loss account 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 profit and loss account as incurred.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. 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: 2 (2023: 2)
2 2
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 1,544 141,360 65,763 208,667
Additions 620 - 6,573 7,193
As at 28 February 2024 2,164 141,360 72,336 215,860
Depreciation
As at 1 March 2023 232 57,636 44,471 102,339
Provided during the period 290 9,972 4,180 14,442
As at 28 February 2024 522 67,608 48,651 116,781
Net Book Value
As at 28 February 2024 1,642 73,752 23,685 99,079
As at 1 March 2023 1,312 83,724 21,292 106,328
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 5,071 4,791
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 15,116 15,816
Corporation tax 31,510 19,373
VAT 8,755 6,183
Accruals and deferred income 800 800
Director's loan account 14 14
56,195 42,186
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 19,241 34,358
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 15,116 15,816
Later than one year and not later than five years 19,241 34,358
34,357 50,174
34,357 50,174
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9. Provisions for Liabilities
Other Provisions Total
£ £
As at 1 March 2023 3,920 3,920
Balance at 28 February 2024 3,920 3,920
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
Page 5