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 07182203 Mr Stephen Lovelace Mrs Vivian Lovelace Grosvenor Secretary Ltd Grosvenor Secretary Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07182203 2023-03-31 07182203 2024-03-31 07182203 2023-04-01 2024-03-31 07182203 frs-core:CurrentFinancialInstruments 2024-03-31 07182203 frs-core:Non-currentFinancialInstruments 2024-03-31 07182203 frs-core:ComputerEquipment 2024-03-31 07182203 frs-core:ComputerEquipment 2023-04-01 2024-03-31 07182203 frs-core:ComputerEquipment 2023-03-31 07182203 frs-core:FurnitureFittings 2024-03-31 07182203 frs-core:FurnitureFittings 2023-04-01 2024-03-31 07182203 frs-core:FurnitureFittings 2023-03-31 07182203 frs-core:ShareCapital 2024-03-31 07182203 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07182203 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07182203 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07182203 frs-bus:SmallEntities 2023-04-01 2024-03-31 07182203 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07182203 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07182203 1 2023-04-01 2024-03-31 07182203 frs-core:UnlistedNon-exchangeTraded 2024-03-31 07182203 frs-core:UnlistedNon-exchangeTraded 2023-03-31 07182203 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 07182203 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 07182203 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 07182203 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 07182203 frs-bus:Director1 2023-04-01 2024-03-31 07182203 frs-bus:Director2 2023-04-01 2024-03-31 07182203 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 07182203 frs-bus:CompanySecretary2 2023-04-01 2024-03-31 07182203 frs-core:Non-currentFinancialInstruments 1 2024-03-31 07182203 frs-countries:EnglandWales 2023-04-01 2024-03-31 07182203 2022-03-31 07182203 2023-03-31 07182203 2022-04-01 2023-03-31 07182203 frs-core:CurrentFinancialInstruments 2023-03-31 07182203 frs-core:Non-currentFinancialInstruments 2023-03-31 07182203 frs-core:ShareCapital 2023-03-31 07182203 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 07182203 frs-core:Non-currentFinancialInstruments 1 2023-03-31
Registered number: 07182203
Spicepot Ltd
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: 07182203
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,995 654
Investments 5 100 100
7,095 754
CURRENT ASSETS
Stocks 6 31,232 29,329
Debtors 7 1,194,785 1,198,258
Cash at bank and in hand 3,214 4,275
1,229,231 1,231,862
Creditors: Amounts Falling Due Within One Year 8 (1,188,502 ) (1,196,807 )
NET CURRENT ASSETS (LIABILITIES) 40,729 35,055
TOTAL ASSETS LESS CURRENT LIABILITIES 47,824 35,809
Creditors: Amounts Falling Due After More Than One Year 9 (25,000 ) (25,000 )
NET ASSETS 22,824 10,809
CAPITAL AND RESERVES
Called up share capital 10 200 200
Profit and Loss Account 22,624 10,609
SHAREHOLDERS' FUNDS 22,824 10,809
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 Stephen Lovelace
Director
19/11/2024
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
Spicepot Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07182203 . The registered office is Priestfield Farm Henfield Road, Albourne, Hassocks, West Sussex, BN6 9DE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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% straight line
Computer Equipment 20% straight line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 1,418 - 1,418
Additions 5,331 1,384 6,715
As at 31 March 2024 6,749 1,384 8,133
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2023 764 - 764
Provided during the period 98 276 374
As at 31 March 2024 862 276 1,138
Net Book Value
As at 31 March 2024 5,887 1,108 6,995
As at 1 April 2023 654 - 654
5. Investments
Unlisted
£
Cost
As at 1 April 2023 100
As at 31 March 2024 100
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 100
As at 1 April 2023 100
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies 
Tenterden Investments Limited 
Country of registration Gibraltar 
Share held : 100% Ordinary shares
Principal activity : Property rental
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows: 
Capital and Reserves at the year end 31st March 2024 :£196,765(2023 :£188,045)
Profit for year2024:£38,825 (2023 : £31,139)
6. Stocks
2024 2023
£ £
Work in progress 31,232 29,329
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 400,000 400,000
Pension scheme prepayments 34,807 30,453
Tenterden Investments Ltd (Debtors < 1 year) 759,978 767,805
1,194,785 1,198,258
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2 -
Other taxes and social security 4,862 2,388
Other creditors 4,587 4,587
Accruals and deferred income 7,696 7,514
Directors' loan accounts 1,171,355 1,182,318
1,188,502 1,196,807
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors Loan (Long term liabilities - creditors > 1 year) 25,000 25,000
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
11. Ultimate Controlling Party
The company was under the control of Mrs Vivian Lovelace and Mr Stephen Lovelace during the period.
Page 5