Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07513692 Paul Sutcliffe Tracey Sutcliffe Samuel Sutcliffe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07513692 2023-03-31 07513692 2024-03-31 07513692 2023-04-01 2024-03-31 07513692 frs-core:CurrentFinancialInstruments 2024-03-31 07513692 frs-core:Non-currentFinancialInstruments 2024-03-31 07513692 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 07513692 frs-core:MotorVehicles 2024-03-31 07513692 frs-core:MotorVehicles 2023-04-01 2024-03-31 07513692 frs-core:MotorVehicles 2023-03-31 07513692 frs-core:OtherResidualIntangibleAssets 2024-03-31 07513692 frs-core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 07513692 frs-core:OtherResidualIntangibleAssets 2023-03-31 07513692 frs-core:PlantMachinery 2024-03-31 07513692 frs-core:PlantMachinery 2023-04-01 2024-03-31 07513692 frs-core:PlantMachinery 2023-03-31 07513692 frs-core:ShareCapital 2024-03-31 07513692 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07513692 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07513692 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07513692 frs-bus:SmallEntities 2023-04-01 2024-03-31 07513692 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07513692 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07513692 frs-bus:Director1 2023-04-01 2024-03-31 07513692 frs-bus:Director2 2023-04-01 2024-03-31 07513692 frs-bus:Director3 2023-04-01 2024-03-31 07513692 frs-core:CurrentFinancialInstruments 1 2024-03-31 07513692 frs-countries:EnglandWales 2023-04-01 2024-03-31 07513692 2022-03-31 07513692 2023-03-31 07513692 2022-04-01 2023-03-31 07513692 frs-core:CurrentFinancialInstruments 2023-03-31 07513692 frs-core:Non-currentFinancialInstruments 2023-03-31 07513692 frs-core:ShareCapital 2023-03-31 07513692 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 07513692 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 07513692
Sutcliffe And Sons (South West) Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07513692
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 1,257
Tangible Assets 5 21,226 31,038
21,226 32,295
CURRENT ASSETS
Stocks 6 7,000 7,000
Debtors 7 31,653 87,525
Cash at bank and in hand 25,942 11,550
64,595 106,075
Creditors: Amounts Falling Due Within One Year 8 (40,119 ) (54,136 )
NET CURRENT ASSETS (LIABILITIES) 24,476 51,939
TOTAL ASSETS LESS CURRENT LIABILITIES 45,702 84,234
Creditors: Amounts Falling Due After More Than One Year 9 (13,091 ) (21,739 )
NET ASSETS 32,611 62,495
CAPITAL AND RESERVES
Called up share capital 10 101 101
Profit and Loss Account 32,510 62,394
SHAREHOLDERS' FUNDS 32,611 62,495
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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
Paul Sutcliffe
Director
30 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
Sutcliffe And Sons (South West) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07513692 . The registered office is 3 Stoke Damerel Business Centre, 5 Church Street, Plymouth, Devon, PL3 4DT.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets include the website. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. 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:
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
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.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
Current 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 6,293
As at 31 March 2024 6,293
Amortisation
As at 1 April 2023 5,036
Provided during the period 1,257
As at 31 March 2024 6,293
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 1,257
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 14,867 50,833 65,700
Additions 441 - 441
Disposals - (13,954 ) (13,954 )
As at 31 March 2024 15,308 36,879 52,187
...CONTINUED
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Depreciation
As at 1 April 2023 7,779 26,883 34,662
Provided during the period 1,808 5,168 6,976
Disposals - (10,677 ) (10,677 )
As at 31 March 2024 9,587 21,374 30,961
Net Book Value
As at 31 March 2024 5,721 15,505 21,226
As at 1 April 2023 7,088 23,950 31,038
6. Stocks
2024 2023
£ £
Stock 7,000 7,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 25,741 86,115
Prepayments and accrued income 3,392 -
Other debtors 2,520 1,410
31,653 87,525
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,540 20,262
Bank loans and overdrafts 9,344 10,648
Corporation tax 9,336 7,079
Other taxes and social security 317 351
VAT 10,881 14,453
Equipment Engineering Resource Limited intercompany 2,400 -
Directors' loan accounts 301 1,343
40,119 54,136
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,091 21,739
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10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
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