Acorah Software Products - Accounts Production 16.0.110 false true 30 September 2022 1 October 2021 false 1 October 2022 30 September 2023 30 September 2023 07204259 A E Miller T J Whelehan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07204259 2022-09-30 07204259 2023-09-30 07204259 2022-10-01 2023-09-30 07204259 frs-core:CurrentFinancialInstruments 2023-09-30 07204259 frs-core:Non-currentFinancialInstruments 2023-09-30 07204259 frs-core:FurnitureFittings 2023-09-30 07204259 frs-core:FurnitureFittings 2022-10-01 2023-09-30 07204259 frs-core:FurnitureFittings 2022-09-30 07204259 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 07204259 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-10-01 2023-09-30 07204259 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-09-30 07204259 frs-core:MotorVehicles 2022-10-01 2023-09-30 07204259 frs-core:PlantMachinery 2023-09-30 07204259 frs-core:PlantMachinery 2022-10-01 2023-09-30 07204259 frs-core:PlantMachinery 2022-09-30 07204259 frs-core:ShareCapital 2023-09-30 07204259 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 07204259 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 07204259 frs-bus:FilletedAccounts 2022-10-01 2023-09-30 07204259 frs-bus:SmallEntities 2022-10-01 2023-09-30 07204259 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 07204259 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 07204259 frs-bus:Director1 2022-10-01 2023-09-30 07204259 frs-bus:Director1 2022-09-30 07204259 frs-bus:Director1 2023-09-30 07204259 frs-bus:Director2 2022-10-01 2023-09-30 07204259 frs-countries:EnglandWales 2022-10-01 2023-09-30 07204259 2021-09-30 07204259 2022-09-30 07204259 2021-10-01 2022-09-30 07204259 frs-core:CurrentFinancialInstruments 2022-09-30 07204259 frs-core:Non-currentFinancialInstruments 2022-09-30 07204259 frs-core:BetweenOneFiveYears 2022-09-30 07204259 frs-core:ShareCapital 2022-09-30 07204259 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Sub 13 Limited
Unaudited Financial Statements
For The Year Ended 30 September 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 07204259
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 340,594 385,946
Investment Properties 5 425,419 425,419
766,013 811,365
CURRENT ASSETS
Stocks 6 21,094 32,253
Debtors 7 324,474 369,410
Investments 8 69,365 12,365
Cash at bank and in hand 216,129 288,241
631,062 702,269
Creditors: Amounts Falling Due Within One Year 9 (235,411 ) (279,504 )
NET CURRENT ASSETS (LIABILITIES) 395,651 422,765
TOTAL ASSETS LESS CURRENT LIABILITIES 1,161,664 1,234,130
Creditors: Amounts Falling Due After More Than One Year 10 (418,066 ) (460,305 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (71,500 ) (73,325 )
NET ASSETS 672,098 700,500
CAPITAL AND RESERVES
Called up share capital 12 200 200
Profit and Loss Account 671,898 700,300
SHAREHOLDERS' FUNDS 672,098 700,500
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For the year ending 30 September 2023 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
A E Miller
Director
30 September 2024
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Sub 13 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07204259 . The registered office is 4 Edgar Buildings, George Street, Bath, BA1 2EE.
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.
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:
New bar and garden 15% on reducing balance
Plant & Machinery 15% on reducing balance
Motor Vehicles 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. 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.
2.6. 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.
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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.
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 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.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 24 (2022: 30)
24 30
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4. Tangible Assets
Land & Property
New bar and garden Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 October 2022 517,007 143,656 207,800 868,463
Additions - 5,521 7,980 13,501
As at 30 September 2023 517,007 149,177 215,780 881,964
Depreciation
As at 1 October 2022 286,008 86,005 110,504 482,517
Provided during the period 34,650 9,121 15,082 58,853
As at 30 September 2023 320,658 95,126 125,586 541,370
Net Book Value
As at 30 September 2023 196,349 54,051 90,194 340,594
As at 1 October 2022 230,999 57,651 97,296 385,946
5. Investment Property
2023
£
Fair Value
As at 1 October 2022 and 30 September 2023 425,419
6. Stocks
2023 2022
£ £
Stock and work in progress 21,094 32,253
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 2,963 6,372
Prepayments and accrued income 36,385 33,749
Directors' loan accounts 285,126 329,289
324,474 369,410
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8. Current Asset Investments
2023 2022
£ £
Unlisted investments 69,365 12,365
69,365 12,365
9. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 1,039 1,386
Trade creditors 89,176 144,168
Corporation tax 78,349 66,626
Social security and other tax 6,527 7,277
VAT 39,498 46,287
Other creditors 9,455 6,340
Accruals 11,367 7,420
235,411 279,504
10. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 1,039
Bank loans - 1-2 years 41,200 41,200
Bank loans - 2-5 years 376,866 418,066
418,066 460,305
11. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years - 1,039
Less: Finance charges allocated to future periods (1,039 ) (1,386 )
1,039 2,425
12. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 200 200
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13. Directors Advances, Credits and Guarantees
As at 1 October 2022 Amounts advanced Amounts repaid Amounts written off As at 30 September 2023
£ £ £ £ £
Mr Alexander Miller 329,289 285,126 (329,289 ) - 285,126
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