Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 08407611 Mr Ion Soceanu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08407611 2023-02-28 08407611 2024-02-29 08407611 2023-03-01 2024-02-29 08407611 frs-core:CurrentFinancialInstruments 2024-02-29 08407611 frs-core:Non-currentFinancialInstruments 2024-02-29 08407611 frs-core:BetweenOneFiveYears 2024-02-29 08407611 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 08407611 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 08407611 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 08407611 frs-core:MotorVehicles 2024-02-29 08407611 frs-core:MotorVehicles 2023-03-01 2024-02-29 08407611 frs-core:MotorVehicles 2023-02-28 08407611 frs-core:PlantMachinery 2024-02-29 08407611 frs-core:PlantMachinery 2023-03-01 2024-02-29 08407611 frs-core:PlantMachinery 2023-02-28 08407611 frs-core:WithinOneYear 2024-02-29 08407611 frs-core:OtherReservesSubtotal 2024-02-29 08407611 frs-core:ShareCapital 2024-02-29 08407611 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 08407611 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08407611 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 08407611 frs-bus:SmallEntities 2023-03-01 2024-02-29 08407611 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08407611 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08407611 frs-bus:Director1 2023-03-01 2024-02-29 08407611 frs-countries:EnglandWales 2023-03-01 2024-02-29 08407611 2022-02-28 08407611 2023-02-28 08407611 2022-03-01 2023-02-28 08407611 frs-core:CurrentFinancialInstruments 2023-02-28 08407611 frs-core:Non-currentFinancialInstruments 2023-02-28 08407611 frs-core:BetweenOneFiveYears 2023-02-28 08407611 frs-core:WithinOneYear 2023-02-28 08407611 frs-core:OtherReservesSubtotal 2023-02-28 08407611 frs-core:ShareCapital 2023-02-28 08407611 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 08407611
Soceanu Construction Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Consulting Ro Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08407611
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 113,428 133,348
113,428 133,348
CURRENT ASSETS
Stocks 5 64,020 84,143
Debtors 6 13,113 8,339
Cash at bank and in hand 5,992 41,477
83,125 133,959
Creditors: Amounts Falling Due Within One Year 7 (206,436 ) (183,558 )
NET CURRENT ASSETS (LIABILITIES) (123,311 ) (49,599 )
TOTAL ASSETS LESS CURRENT LIABILITIES (9,883 ) 83,749
Creditors: Amounts Falling Due After More Than One Year 8 (158,378 ) (129,257 )
NET LIABILITIES (168,261 ) (45,508 )
CAPITAL AND RESERVES
Called up share capital 10 2 2
Other reserves (1 ) (1 )
Profit and Loss Account (168,262 ) (45,509 )
SHAREHOLDERS' FUNDS (168,261) (45,508)
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 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 Ion Soceanu
Director
21/10/2024
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
Soceanu Construction Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08407611 . The registered office is 23 Bassenthwaite Avenue, Liverpool, L33 2DB.
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. 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:
Freehold No depreciation allocated for the freehold
Plant & Machinery 33% on straight line basis
Motor Vehicles 25% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under 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. 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.
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 March 2023 80,351 3,316 84,686 168,353
Additions - 2,941 (27,720 ) (24,779 )
As at 29 February 2024 80,351 6,257 56,966 143,574
Depreciation
As at 1 March 2023 - 2,486 32,519 35,005
Provided during the period - 780 10,029 10,809
Disposals - - (15,668 ) (15,668 )
As at 29 February 2024 - 3,266 26,880 30,146
Net Book Value
As at 29 February 2024 80,351 2,991 30,086 113,428
As at 1 March 2023 80,351 830 52,167 133,348
5. Stocks
2024 2023
£ £
Materials 29,450 36,354
Work in progress 34,570 47,789
64,020 84,143
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,023 8,239
VAT 11,990 -
13,013 8,239
Due after more than one year
Other debtors 100 100
100 100
13,113 8,339
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,187 15,181
Trade creditors 54,234 72,236
Bank loans and overdrafts 106,615 78,219
Other taxes and social security 12,884 11,291
VAT - 3,007
Net wages 2,672 3,447
Other creditors 400 -
Accruals and deferred income 131 177
Director's loan account 21,313 -
206,436 183,558
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 19,454 30,608
Bank loans 138,924 98,649
158,378 129,257
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,187 15,181
Later than one year and not later than five years 19,454 30,608
27,641 45,789
27,641 45,789
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5