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 05953335 Mr C Doel Mr M P Hulse Mr G R Straker Mr S J Sartin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05953335 2023-03-31 05953335 2024-03-31 05953335 2023-04-01 2024-03-31 05953335 frs-core:CurrentFinancialInstruments 2024-03-31 05953335 frs-core:Non-currentFinancialInstruments 2024-03-31 05953335 frs-core:BetweenOneFiveYears 2024-03-31 05953335 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 05953335 frs-core:FurnitureFittings 2024-03-31 05953335 frs-core:FurnitureFittings 2023-04-01 2024-03-31 05953335 frs-core:FurnitureFittings 2023-03-31 05953335 frs-core:NetGoodwill 2024-03-31 05953335 frs-core:NetGoodwill 2023-04-01 2024-03-31 05953335 frs-core:NetGoodwill 2023-03-31 05953335 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 05953335 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 05953335 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 05953335 frs-core:PlantMachinery 2024-03-31 05953335 frs-core:PlantMachinery 2023-04-01 2024-03-31 05953335 frs-core:PlantMachinery 2023-03-31 05953335 frs-core:WithinOneYear 2024-03-31 05953335 frs-core:CapitalRedemptionReserve 2024-03-31 05953335 frs-core:ShareCapital 2024-03-31 05953335 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05953335 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05953335 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05953335 frs-bus:SmallEntities 2023-04-01 2024-03-31 05953335 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05953335 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05953335 frs-core:CostValuation 2023-03-31 05953335 frs-core:CostValuation 2024-03-31 05953335 frs-core:ProvisionsForImpairmentInvestments 2023-03-31 05953335 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 05953335 frs-bus:Director1 2023-04-01 2024-03-31 05953335 frs-bus:Director2 2023-04-01 2024-03-31 05953335 frs-bus:Director3 2023-04-01 2024-03-31 05953335 frs-bus:Director4 2023-04-01 2024-03-31 05953335 frs-countries:EnglandWales 2023-04-01 2024-03-31 05953335 2022-03-31 05953335 2023-03-31 05953335 2022-04-01 2023-03-31 05953335 frs-core:CurrentFinancialInstruments 2023-03-31 05953335 frs-core:Non-currentFinancialInstruments 2023-03-31 05953335 frs-core:BetweenOneFiveYears 2023-03-31 05953335 frs-core:WithinOneYear 2023-03-31 05953335 frs-core:CapitalRedemptionReserve 2023-03-31 05953335 frs-core:ShareCapital 2023-03-31 05953335 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 05953335
Strakers (Holdings) Limited
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: 05953335
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 354,167 404,167
Tangible Assets 5 69,820 75,654
423,987 479,821
CURRENT ASSETS
Debtors 7 441,668 289,645
Cash at bank and in hand 588,253 592,399
1,029,921 882,044
Creditors: Amounts Falling Due Within One Year 8 (580,557 ) (378,485 )
NET CURRENT ASSETS (LIABILITIES) 449,364 503,559
TOTAL ASSETS LESS CURRENT LIABILITIES 873,351 983,380
Creditors: Amounts Falling Due After More Than One Year 9 (56,250 ) (101,250 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (19,010 ) (17,759 )
NET ASSETS 798,091 864,371
CAPITAL AND RESERVES
Called up share capital 10 5,363 5,363
Capital redemption reserve 228 228
Profit and Loss Account 792,500 858,780
SHAREHOLDERS' FUNDS 798,091 864,371
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 Profit and Loss Account.
On behalf of the board
Mr M P Hulse
Director
21/11/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Strakers (Holdings) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05953335 . The registered office is 7-7c Snuff Street, Devizes, Wiltshire, SN10 1DU.
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.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 20 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Webste development costs. This is amortised to the profit and loss account over its estimated economic life of 10 years.
2.5. 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:
Leasehold 20% Reducing Balance
Plant & Machinery 10% Straight line
Fixtures & Fittings 20% Reducing Balance
2.6. 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.
Page 3
Page 4
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 49 (2023: 47)
49 47
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 1,000,000
As at 31 March 2024 1,000,000
Amortisation
As at 1 April 2023 595,833
Provided during the period 50,000
As at 31 March 2024 645,833
Net Book Value
As at 31 March 2024 354,167
As at 1 April 2023 404,167
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 7,052 31,800 217,082 255,934
Additions - - 7,647 7,647
As at 31 March 2024 7,052 31,800 224,729 263,581
Depreciation
As at 1 April 2023 6,559 3,180 170,541 180,280
Provided during the period 98 3,180 10,203 13,481
As at 31 March 2024 6,657 6,360 180,744 193,761
Net Book Value
As at 31 March 2024 395 25,440 43,985 69,820
As at 1 April 2023 493 28,620 46,541 75,654
Page 4
Page 5
6. Investments
Other
£
Cost
As at 1 April 2023 448,000
As at 31 March 2024 448,000
Provision
As at 1 April 2023 448,000
As at 31 March 2024 448,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
7. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 191,839 151,586
Amounts owed by group undertakings 3,106 3,106
Amounts owed by participating interests 220,000 100,000
Other debtors 26,723 34,953
441,668 289,645
8. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 52,922 40,429
Bank loans and overdrafts 48,239 48,838
Other loans 93,794 -
Other creditors 43,182 43,044
Taxation and social security 342,420 246,174
580,557 378,485
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Bank loans 56,250 101,250
10. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 5,363 5,363
Page 5
Page 6
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
as restated
£ £
Not later than one year 26,720 52,400
Later than one year and not later than five years 9,185 35,904
35,905 88,304
Page 6