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 10834052 B Steele M Bradshaw J Day B Halstead R Lee L Lord A Manderfield R Saward P Tutin P Tutin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10834052 2023-03-31 10834052 2024-03-31 10834052 2023-04-01 2024-03-31 10834052 frs-core:CurrentFinancialInstruments 2024-03-31 10834052 frs-core:Non-currentFinancialInstruments 2024-03-31 10834052 frs-core:ComputerEquipment 2024-03-31 10834052 frs-core:ComputerEquipment 2023-04-01 2024-03-31 10834052 frs-core:ComputerEquipment 2023-03-31 10834052 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 10834052 frs-core:FurnitureFittings 2024-03-31 10834052 frs-core:FurnitureFittings 2023-04-01 2024-03-31 10834052 frs-core:FurnitureFittings 2023-03-31 10834052 frs-core:NetGoodwill 2024-03-31 10834052 frs-core:NetGoodwill 2023-04-01 2024-03-31 10834052 frs-core:NetGoodwill 2023-03-31 10834052 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 10834052 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 10834052 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 10834052 frs-core:OtherResidualIntangibleAssets 2024-03-31 10834052 frs-core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 10834052 frs-core:OtherResidualIntangibleAssets 2023-03-31 10834052 frs-core:PlantMachinery 2024-03-31 10834052 frs-core:PlantMachinery 2023-04-01 2024-03-31 10834052 frs-core:PlantMachinery 2023-03-31 10834052 frs-core:CapitalRedemptionReserve 2024-03-31 10834052 frs-core:ShareCapital 2024-03-31 10834052 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10834052 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10834052 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10834052 frs-bus:SmallEntities 2023-04-01 2024-03-31 10834052 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10834052 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10834052 frs-bus:Director1 2023-04-01 2024-03-31 10834052 frs-bus:Director2 2023-04-01 2024-03-31 10834052 frs-bus:Director3 2023-04-01 2024-03-31 10834052 frs-bus:Director4 2023-04-01 2024-03-31 10834052 frs-bus:Director5 2023-04-01 2024-03-31 10834052 frs-bus:Director6 2023-04-01 2024-03-31 10834052 frs-bus:Director7 2023-04-01 2024-03-31 10834052 frs-bus:Director8 2023-04-01 2024-03-31 10834052 frs-bus:Director9 2023-04-01 2024-03-31 10834052 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 10834052 frs-countries:EnglandWales 2023-04-01 2024-03-31 10834052 2022-03-31 10834052 2023-03-31 10834052 2022-04-01 2023-03-31 10834052 frs-core:CurrentFinancialInstruments 2023-03-31 10834052 frs-core:Non-currentFinancialInstruments 2023-03-31 10834052 frs-core:CapitalRedemptionReserve 2023-03-31 10834052 frs-core:ShareCapital 2023-03-31 10834052 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10834052
Streets Steele Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10834052
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 34,930 31,991
Tangible Assets 5 27,611 15,428
62,541 47,419
CURRENT ASSETS
Stocks 6 813 813
Debtors 7 53,043 17,197
Cash at bank and in hand 190,127 124,161
243,983 142,171
Creditors: Amounts Falling Due Within One Year 8 (160,183 ) (93,143 )
NET CURRENT ASSETS (LIABILITIES) 83,800 49,028
TOTAL ASSETS LESS CURRENT LIABILITIES 146,341 96,447
Creditors: Amounts Falling Due After More Than One Year 9 (20,000 ) (36,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,062 ) -
NET ASSETS 121,279 60,447
CAPITAL AND RESERVES
Called up share capital 10 1,002 1,002
Capital redemption reserve 81 81
Profit and Loss Account 120,196 59,364
SHAREHOLDERS' FUNDS 121,279 60,447
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
P Tutin
Director
20 November 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
Streets Steele Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10834052 . The registered office is Stanway House, Bradley Stoke, Bristol, Gloucestershire, BS32 4QH.
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 - 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 profit and loss account over its estimated economic life of .... years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... 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 10% Straight Line
Plant & Machinery 20% Straight Line
Fixtures & Fittings 20% Straight Line
Computer Equipment 25% Straight Line
2.6. 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.
2.7. 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.
...CONTINUED
Page 3
Page 4
2.7. Taxation - continued
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 15 (2023: 10)
15 10
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 April 2023 44,357 6,855 51,212
Additions 9,416 - 9,416
As at 31 March 2024 53,773 6,855 60,628
Amortisation
As at 1 April 2023 15,506 3,715 19,221
Provided during the period 5,106 1,371 6,477
As at 31 March 2024 20,612 5,086 25,698
Net Book Value
As at 31 March 2024 33,161 1,769 34,930
As at 1 April 2023 28,851 3,140 31,991
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 1,430 7,944 5,605 16,531 31,510
Additions 6,466 3,283 561 6,948 17,258
As at 31 March 2024 7,896 11,227 6,166 23,479 48,768
Depreciation
As at 1 April 2023 334 3,001 4,474 8,273 16,082
Provided during the period 197 1,140 713 3,025 5,075
As at 31 March 2024 531 4,141 5,187 11,298 21,157
Net Book Value
As at 31 March 2024 7,365 7,086 979 12,181 27,611
As at 1 April 2023 1,096 4,943 1,131 8,258 15,428
Page 4
Page 5
6. Stocks
2024 2023
£ £
Stock 813 813
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 23,859 13,568
Other debtors 29,184 3,629
53,043 17,197
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 44,415 (1 )
Bank loans and overdrafts 14,667 16,049
Other creditors 13,390 12,426
Taxation and social security 87,711 64,669
160,183 93,143
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 20,000 36,000
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,002 1,002
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