Acorah Software Products - Accounts Production 16.0.110 false true true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 10595831 Mr A Searle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10595831 2023-02-28 10595831 2024-02-29 10595831 2023-03-01 2024-02-29 10595831 frs-core:Non-currentFinancialInstruments 2024-02-29 10595831 frs-core:ComputerEquipment 2023-03-01 2024-02-29 10595831 frs-core:MotorVehicles 2023-03-01 2024-02-29 10595831 frs-core:ShareCapital 2024-02-29 10595831 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 10595831 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10595831 frs-bus:AbridgedAccounts 2023-03-01 2024-02-29 10595831 frs-bus:SmallEntities 2023-03-01 2024-02-29 10595831 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 10595831 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 10595831 frs-bus:Director1 2023-03-01 2024-02-29 10595831 frs-countries:EnglandWales 2023-03-01 2024-02-29 10595831 2022-02-28 10595831 2023-02-28 10595831 2022-03-01 2023-02-28 10595831 frs-core:Non-currentFinancialInstruments 2023-02-28 10595831 frs-core:ShareCapital 2023-02-28 10595831 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 10595831
Searle Enterprises Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 10595831
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,198 1,598
1,198 1,598
CURRENT ASSETS
Debtors 1,747 1,899
Cash at bank and in hand 55,545 63,014
57,292 64,913
Creditors: Amounts Falling Due Within One Year - (312 )
NET CURRENT ASSETS (LIABILITIES) 57,292 64,601
TOTAL ASSETS LESS CURRENT LIABILITIES 58,490 66,199
Creditors: Amounts Falling Due After More Than One Year (180,067 ) (179,160 )
NET LIABILITIES (121,577 ) (112,961 )
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account (121,677 ) (113,061 )
SHAREHOLDERS' FUNDS (121,577) (112,961)
Page 1
Page 2
For the year ending 29 February 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 29 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr A Searle
Director
26 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Searle Enterprises Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10595831 . The registered office is 1 Crow Hill Drive, Mansfield, Nottinghamshire, NG19 7AE.
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. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however with the continued support of the directors the going concern basis remains appropriate. The directors have confirmed that they have no intention of withdrawing their support in the next 12 months.
2.3. 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.
2.4. 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:
Motor Vehicles 25% - Reducing Balance
Computer Equipment 25% - Reducing Balance
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Total
£
Cost
As at 1 March 2023 5,713
As at 29 February 2024 5,713
Depreciation
As at 1 March 2023 4,115
Provided during the period 400
As at 29 February 2024 4,515
...CONTINUED
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Net Book Value
As at 29 February 2024 1,198
As at 1 March 2023 1,598
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4