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 08790645 Mr S L Gee iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08790645 2023-03-31 08790645 2024-03-31 08790645 2023-04-01 2024-03-31 08790645 frs-core:CurrentFinancialInstruments 2024-03-31 08790645 frs-core:Non-currentFinancialInstruments 2024-03-31 08790645 frs-core:BetweenOneFiveYears 2024-03-31 08790645 frs-core:MotorVehicles 2024-03-31 08790645 frs-core:MotorVehicles 2023-04-01 2024-03-31 08790645 frs-core:MotorVehicles 2023-03-31 08790645 frs-core:PlantMachinery 2024-03-31 08790645 frs-core:PlantMachinery 2023-04-01 2024-03-31 08790645 frs-core:PlantMachinery 2023-03-31 08790645 frs-core:WithinOneYear 2024-03-31 08790645 frs-core:ShareCapital 2024-03-31 08790645 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08790645 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08790645 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08790645 frs-bus:SmallEntities 2023-04-01 2024-03-31 08790645 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08790645 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08790645 frs-bus:Director1 2023-04-01 2024-03-31 08790645 frs-core:CurrentFinancialInstruments 1 2024-03-31 08790645 frs-countries:EnglandWales 2023-04-01 2024-03-31 08790645 2022-03-31 08790645 2023-03-31 08790645 2022-04-01 2023-03-31 08790645 frs-core:CurrentFinancialInstruments 2023-03-31 08790645 frs-core:Non-currentFinancialInstruments 2023-03-31 08790645 frs-core:BetweenOneFiveYears 2023-03-31 08790645 frs-core:WithinOneYear 2023-03-31 08790645 frs-core:ShareCapital 2023-03-31 08790645 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 08790645 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 08790645
SLG (Services) Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Compton Hardwick Ltd
20 Elin Way
Meldreth
Royston
Hertfordshire
SG86LX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08790645
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,114 -
21,114 -
CURRENT ASSETS
Debtors 5 4,908 11,587
Cash at bank and in hand 6,731 4,616
11,639 16,203
Creditors: Amounts Falling Due Within One Year 6 (12,268 ) (12,413 )
NET CURRENT ASSETS (LIABILITIES) (629 ) 3,790
TOTAL ASSETS LESS CURRENT LIABILITIES 20,485 3,790
Creditors: Amounts Falling Due After More Than One Year 7 (16,366 ) (3,600 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,012 ) -
NET ASSETS 107 190
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 7 90
SHAREHOLDERS' FUNDS 107 190
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 S L Gee
Director
22/11/2024
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
SLG (Services) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08790645 . The registered office is 20 Elin Way, Meldreth, Royston, SG8 6LX.
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:
Plant & Machinery Over 5 years
Motor Vehicles Over 5 years
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
...CONTINUED
Page 3
Page 4
2.5. 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: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 2,325 12,629 14,954
Additions - 26,393 26,393
As at 31 March 2024 2,325 39,022 41,347
Depreciation
As at 1 April 2023 2,325 12,629 14,954
Provided during the period - 5,279 5,279
As at 31 March 2024 2,325 17,908 20,233
Net Book Value
As at 31 March 2024 - 21,114 21,114
As at 1 April 2023 - - -
5. Debtors
2024 2023
£ £
Due within one year
Director's loan account 1,984 8,663
Section 455 tax recoverable 2,924 2,924
4,908 11,587
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,926 -
Corporation tax 2,209 8,931
Other taxes and social security 480 597
Bounceback loan 1,600 1,600
Accruals and deferred income 3,053 1,285
12,268 12,413
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,366 -
Bounce back Loan 2,000 3,600
16,366 3,600
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,926 -
Later than one year and not later than five years 14,366 -
19,292 -
19,292 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5