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 06850685 Mr Graeme Renson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06850685 2023-03-31 06850685 2024-03-31 06850685 2023-04-01 2024-03-31 06850685 frs-core:CurrentFinancialInstruments 2024-03-31 06850685 frs-core:ComputerEquipment 2024-03-31 06850685 frs-core:ComputerEquipment 2023-04-01 2024-03-31 06850685 frs-core:ComputerEquipment 2023-03-31 06850685 frs-core:FurnitureFittings 2024-03-31 06850685 frs-core:FurnitureFittings 2023-04-01 2024-03-31 06850685 frs-core:FurnitureFittings 2023-03-31 06850685 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 06850685 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06850685 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 06850685 frs-core:MotorVehicles 2024-03-31 06850685 frs-core:MotorVehicles 2023-04-01 2024-03-31 06850685 frs-core:MotorVehicles 2023-03-31 06850685 frs-core:PlantMachinery 2024-03-31 06850685 frs-core:PlantMachinery 2023-04-01 2024-03-31 06850685 frs-core:PlantMachinery 2023-03-31 06850685 frs-core:ShareCapital 2024-03-31 06850685 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06850685 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06850685 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06850685 frs-bus:SmallEntities 2023-04-01 2024-03-31 06850685 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06850685 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06850685 frs-bus:Director1 2023-04-01 2024-03-31 06850685 frs-countries:EnglandWales 2023-04-01 2024-03-31 06850685 2022-03-31 06850685 2023-03-31 06850685 2022-04-01 2023-03-31 06850685 frs-core:CurrentFinancialInstruments 2023-03-31 06850685 frs-core:ShareCapital 2023-03-31 06850685 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06850685
Ultra Light & Sound Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Mendip Accounting Solutions Ltd
6 Hill Road
Clevedon
North Somerset
BS21 7NE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06850685
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 36,743 37,349
36,743 37,349
CURRENT ASSETS
Stocks 5 6,000 6,000
Debtors 6 7,909 272,970
Cash at bank and in hand 539,256 67,930
553,165 346,900
Creditors: Amounts Falling Due Within One Year 7 (99,712 ) (30,903 )
NET CURRENT ASSETS (LIABILITIES) 453,453 315,997
TOTAL ASSETS LESS CURRENT LIABILITIES 490,196 353,346
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,066 ) (5,066 )
NET ASSETS 485,130 348,280
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 485,129 348,279
SHAREHOLDERS' FUNDS 485,130 348,280
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Graeme Renson
Director
31/08/2024
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
Ultra Light & Sound Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06850685 . The registered office is Rock Shelter Cadbury Camp Lane, Tickenham, Clevedon, BS21 6RL.
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:
Freehold None
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15 years straight line
Computer Equipment 33% 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.
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 year 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 asset reflects 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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2023 6,713 94,370 18,017 6,265
Additions - - - 8,862
As at 31 March 2024 6,713 94,370 18,017 15,127
Depreciation
As at 1 April 2023 - 70,996 14,176 3,040
Provided during the period - 7,505 960 807
As at 31 March 2024 - 78,501 15,136 3,847
Net Book Value
As at 31 March 2024 6,713 15,869 2,881 11,280
As at 1 April 2023 6,713 23,374 3,841 3,225
Computer Equipment Total
£ £
Cost
As at 1 April 2023 2,790 128,155
Additions - 8,862
As at 31 March 2024 2,790 137,017
Depreciation
As at 1 April 2023 2,594 90,806
Provided during the period 196 9,468
As at 31 March 2024 2,790 100,274
Net Book Value
As at 31 March 2024 - 36,743
As at 1 April 2023 196 37,349
5. Stocks
2024 2023
£ £
Materials 6,000 6,000
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,090 5,592
Prepayments and accrued income 175 175
VAT 1,557 -
Other taxes and social security 87 42
Director's loan account - 267,161
7,909 272,970
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,849 -
Corporation tax 53,242 23,189
VAT - 1,943
Other creditors 6,396 5,171
Accruals and deferred income 450 600
Director's loan account 37,775 -
99,712 30,903
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5