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Registered number: 12852155
Santova Corporate Services UK Ltd
Financial Statements
For The Year Ended 29 February 2024
Athena Accountants & Business Advisors Ltd
Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 12852155
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 125,998 155,774
Cash at bank and in hand 105,133 44,636
231,131 200,410
Creditors: Amounts Falling Due Within One Year 5 (228,932 ) (428,705 )
NET CURRENT ASSETS (LIABILITIES) 2,199 (228,295 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,199 (228,295 )
NET ASSETS/(LIABILITIES) 2,199 (228,295 )
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 2,198 (228,296 )
SHAREHOLDERS' FUNDS 2,199 (228,295)
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
James Robertson
Director
15/04/2024
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Santova Corporate Services UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12852155 . The registered office is Suite A Ventura House, Ventura Park Road, Tamworth, Staffordshire, B78 3LZ.
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. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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. 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.
2.5. Cash and Cash Equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other highly liquid liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.
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2.6. Provisions for Liabilities
Provisions for liabilities are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that there will be an outflow of economic benefit to discharge the obligation and the amount of the obligation can be reliably estimated. Where these criteria are not met, a provision is not recognised in the financial statements but a contingent liability is disclosed if material.  
Amounts recoverable from third parties are only recognised as assets when the receipt is virtually certain. Provisions are measured at the best estimate of the amount required to settle the obligation at the balance sheet date. The best estimate is the amount which the company would rationally pay to settle the obligation at the balance sheet date. Provisions for liabilities are measured at the present value of the expenditures expected to be required in order to settle the obligation where the effects of the time value of money are material using a pre-tax rate which reflects current market assessments. Increases in the provision at each balance sheet date arising due to the passage of time are recognised in profit or loss as an interest expense.
2.7. Employee Benefits
The company provides an annual bonus arrangement for directors and employees. An expense is recognised in the profit and loss account when the company has a legal or constructive obligation to make payments under the plans as a result of past events and a reliable estimate of the obligation can be made. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 6)
7 6
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 125,997 79,000
Other debtors - 674
Amounts owed by parent undertaking 1 1
Deferred tax current asset - 76,099
125,998 155,774
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 33,399 30,205
Taxation and social security 59,287 26,336
Other creditors 36,246 297,141
Amounts owed to group undertakings 100,000 75,023
228,932 428,705
6. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1 each 1 1
7. Parent Undertaking and Controlling Party
The company's immediate parent undertaking is Santova International Holdings (PTY) Limited . Santova International Holdings (PTY) Limited is a company registered in South Africa.
The ultimate controlling party is Santova Limited . Santova Limited is a company registered in South Africa.
Consolidated Financial Statements which include the results of Santova Corporate Services UK Limited are available from Santova Limited's website.
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8. Audit Information
The auditors report on the account of Santova Corporate Services UK Ltd for the year ended 29 February 2024 was unqualified
The auditor's report was signed by Dean Matthew Flood FCCA (Senior Statutory Auditor) for and on behalf of Rowland Hall , Statutory Auditor
Rowland Hall
44-54 Orsett Road
Grays
Essex
RM17 5ED
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