Acorah Software Products - Accounts Production 16.0.110 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 08183807 S A Prior S L Prior iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08183807 2023-08-31 08183807 2024-08-31 08183807 2023-09-01 2024-08-31 08183807 frs-core:CurrentFinancialInstruments 2024-08-31 08183807 frs-core:ComputerEquipment 2024-08-31 08183807 frs-core:ComputerEquipment 2023-09-01 2024-08-31 08183807 frs-core:ComputerEquipment 2023-08-31 08183807 frs-core:FurnitureFittings 2023-09-01 2024-08-31 08183807 frs-core:MotorVehicles 2024-08-31 08183807 frs-core:MotorVehicles 2023-09-01 2024-08-31 08183807 frs-core:MotorVehicles 2023-08-31 08183807 frs-core:PlantMachinery 2024-08-31 08183807 frs-core:PlantMachinery 2023-09-01 2024-08-31 08183807 frs-core:PlantMachinery 2023-08-31 08183807 frs-core:ShareCapital 2024-08-31 08183807 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 08183807 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08183807 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 08183807 frs-bus:SmallEntities 2023-09-01 2024-08-31 08183807 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08183807 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08183807 frs-bus:Director1 2023-09-01 2024-08-31 08183807 frs-bus:Director2 2023-09-01 2024-08-31 08183807 frs-countries:EnglandWales 2023-09-01 2024-08-31 08183807 2022-08-31 08183807 2023-08-31 08183807 2022-09-01 2023-08-31 08183807 frs-core:CurrentFinancialInstruments 2023-08-31 08183807 frs-core:ShareCapital 2023-08-31 08183807 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 08183807
Stu Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Company Information
Directors S A Prior
S L Prior
Company Number 08183807
Registered Office 33 New Road
Aston Clinton
Bucks
HP22 5JD
Business 33 New Road
Aston Clinton
Bucks
HP22 5JD
Accountants Anglo Dutch
Chartered Certified Accountants
The Counting House
9 High Street
Tring
Herts
HP23 5TE
Page 1
Page 2
Balance Sheet
Registered number: 08183807
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,411 10,384
10,411 10,384
CURRENT ASSETS
Debtors 5 6,251 750
Cash at bank and in hand 26,596 40,274
32,847 41,024
Creditors: Amounts Falling Due Within One Year 6 (33,901 ) (40,002 )
NET CURRENT ASSETS (LIABILITIES) (1,054 ) 1,022
TOTAL ASSETS LESS CURRENT LIABILITIES 9,357 11,406
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,987 ) (1,909 )
NET ASSETS 7,370 9,497
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account 7,360 9,487
SHAREHOLDERS' FUNDS 7,370 9,497
Page 2
Page 3
For the year ending 31 August 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
S L Prior
Director
6 November 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Stu Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08183807 . The registered office is 33 New Road, Aston Clinton, Bucks, HP22 5JD.
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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 4
Page 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 7,405 31,212 7,681 46,298
Additions - - 880 880
As at 31 August 2024 7,405 31,212 8,561 47,178
Depreciation
As at 1 September 2023 6,939 24,021 4,954 35,914
Provided during the period 116 16 721 853
As at 31 August 2024 7,055 24,037 5,675 36,767
Net Book Value
As at 31 August 2024 350 7,175 2,886 10,411
As at 1 September 2023 466 7,191 2,727 10,384
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,541 750
Other debtors 2,710 -
6,251 750
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 147 131
Corporation tax 14,431 18,594
Other taxes and social security 475 227
VAT 7,501 6,768
Directors' loan accounts 11,347 14,282
33,901 40,002
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 5