Acorah Software Products - Accounts Production 14.5.601 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 07606424 Mr Abdul Rehman Patel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07606424 2023-02-28 07606424 2024-02-28 07606424 2023-03-01 2024-02-28 07606424 frs-core:CurrentFinancialInstruments 2024-02-28 07606424 frs-core:FurnitureFittings 2024-02-28 07606424 frs-core:FurnitureFittings 2023-03-01 2024-02-28 07606424 frs-core:FurnitureFittings 2023-02-28 07606424 frs-core:NetGoodwill 2024-02-28 07606424 frs-core:NetGoodwill 2023-03-01 2024-02-28 07606424 frs-core:NetGoodwill 2023-02-28 07606424 frs-core:MotorVehicles 2024-02-28 07606424 frs-core:MotorVehicles 2023-03-01 2024-02-28 07606424 frs-core:MotorVehicles 2023-02-28 07606424 frs-core:ShareCapital 2024-02-28 07606424 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 07606424 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 07606424 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 07606424 frs-bus:SmallEntities 2023-03-01 2024-02-28 07606424 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 07606424 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 07606424 frs-bus:Director1 2023-03-01 2024-02-28 07606424 frs-countries:EnglandWales 2023-03-01 2024-02-28 07606424 2022-02-28 07606424 2023-02-28 07606424 2022-03-01 2023-02-28 07606424 frs-core:CurrentFinancialInstruments 2023-02-28 07606424 frs-core:ShareCapital 2023-02-28 07606424 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 07606424
S & S Station Ltd
Financial Statements
For The Year Ended 28 February 2024
Accountancy Services
79 Market Street
Farnworth
Bolton
BL4 7NS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07606424
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 60,000 60,000
Tangible Assets 5 6,976 7,751
66,976 67,751
CURRENT ASSETS
Stocks 6 104,500 114,275
Cash at bank and in hand 133,658 129,564
238,158 243,839
Creditors: Amounts Falling Due Within One Year 7 (238,193 ) (262,609 )
NET CURRENT ASSETS (LIABILITIES) (35 ) (18,770 )
TOTAL ASSETS LESS CURRENT LIABILITIES 66,941 48,981
NET ASSETS 66,941 48,981
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 66,940 48,980
SHAREHOLDERS' FUNDS 66,941 48,981
Page 1
Page 2
For the year ending 28 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.
On behalf of the board
Mr Abdul Rehman Patel
Director
25/11/2024
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
S & S Station Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07606424 . The registered office is Manchester Road East, Little Hulton, Manchester, M38 9AW.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
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 10 % reducing balance basis
Fixtures & Fittings 10% reducing balance basis
2.5. 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.
2.6. 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.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 9)
7 9
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 60,000
As at 28 February 2024 60,000
Net Book Value
As at 28 February 2024 60,000
As at 1 March 2023 60,000
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 March 2023 1,406 30,970 32,376
As at 28 February 2024 1,406 30,970 32,376
Depreciation
As at 1 March 2023 1,114 23,511 24,625
Provided during the period 29 746 775
As at 28 February 2024 1,143 24,257 25,400
Net Book Value
As at 28 February 2024 263 6,713 6,976
As at 1 March 2023 292 7,459 7,751
6. Stocks
2024 2023
£ £
Finished goods 104,500 114,275
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 72,903 97,276
Corporation tax 3,930 4,673
VAT 11,048 6,748
Other creditors 138,500 138,500
Accruals and deferred income - 3,600
Director's loan account 11,812 11,812
238,193 262,609
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5