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 11496752 Mr T Shankar Mr C Surabaskaran Mr S Sathiyavadivelu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11496752 2023-03-31 11496752 2024-03-31 11496752 2023-04-01 2024-03-31 11496752 frs-core:CurrentFinancialInstruments 2024-03-31 11496752 frs-core:Non-currentFinancialInstruments 2024-03-31 11496752 frs-core:ComputerEquipment 2024-03-31 11496752 frs-core:ComputerEquipment 2023-04-01 2024-03-31 11496752 frs-core:ComputerEquipment 2023-03-31 11496752 frs-core:FurnitureFittings 2024-03-31 11496752 frs-core:FurnitureFittings 2023-04-01 2024-03-31 11496752 frs-core:FurnitureFittings 2023-03-31 11496752 frs-core:ShareCapital 2024-03-31 11496752 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11496752 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11496752 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11496752 frs-bus:SmallEntities 2023-04-01 2024-03-31 11496752 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11496752 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11496752 frs-bus:Director1 2023-04-01 2024-03-31 11496752 frs-bus:Director2 2023-04-01 2024-03-31 11496752 frs-bus:Director3 2023-04-01 2024-03-31 11496752 frs-countries:EnglandWales 2023-04-01 2024-03-31 11496752 2022-03-31 11496752 2023-03-31 11496752 2022-04-01 2023-03-31 11496752 frs-core:CurrentFinancialInstruments 2023-03-31 11496752 frs-core:Non-currentFinancialInstruments 2023-03-31 11496752 frs-core:ShareCapital 2023-03-31 11496752 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 11496752
Susash Middlesbrough Ltd
Financial Statements
For The Year Ended 31 March 2024
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 11496752
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 65,683 72,562
Investment Properties 5 1,288,230 1,288,230
1,353,913 1,360,792
CURRENT ASSETS
Debtors 6 598,421 45,000
Cash at bank and in hand 123,724 128,384
722,145 173,384
Creditors: Amounts Falling Due Within One Year 7 (305,374 ) (124,695 )
NET CURRENT ASSETS (LIABILITIES) 416,771 48,689
TOTAL ASSETS LESS CURRENT LIABILITIES 1,770,684 1,409,481
Creditors: Amounts Falling Due After More Than One Year 8 (761,237 ) (793,894 )
NET ASSETS 1,009,447 615,587
CAPITAL AND RESERVES
Called up share capital 9 3 3
Income Statement 1,009,444 615,584
SHAREHOLDERS' FUNDS 1,009,447 615,587
Page 1
Page 2
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 Income Statement.
On behalf of the board
Mr T Shankar
Director
19/07/2024
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
Susash Middlesbrough Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11496752 . The registered office is 24 Baron Grove, Mitcham, Surrey, CR4 4EH.
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:
Fixtures & Fittings 20% Reducing balance method
Computer Equipment 20% Reducing balance method
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
Page 3
Page 4
2.5. 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: 52 (2023: 54)
52 54
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 111,417 7,409 118,826
Additions 438 9,104 9,542
As at 31 March 2024 111,855 16,513 128,368
Depreciation
As at 1 April 2023 43,546 2,718 46,264
Provided during the period 13,662 2,759 16,421
As at 31 March 2024 57,208 5,477 62,685
Net Book Value
As at 31 March 2024 54,647 11,036 65,683
As at 1 April 2023 67,871 4,691 72,562
Page 4
Page 5
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 1,288,230
6. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 594,000 45,000
Other debtors 4,421 -
598,421 45,000
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 30,447 12,659
Taxation and social security 274,927 112,036
305,374 124,695
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Mortgage loan 602,958 623,119
Other loans-Barclays Loan 158,279 170,775
761,237 793,894
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
Page 5