Acorah Software Products - Accounts Production 16.0.110 false true true 30 June 2023 1 July 2022 false 1 July 2023 31 March 2024 31 March 2024 12706384 Mr Ian Dunstan Mr Michael Tobin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12706384 2023-06-30 12706384 2024-03-31 12706384 2023-07-01 2024-03-31 12706384 frs-core:CurrentFinancialInstruments 2024-03-31 12706384 frs-core:Non-currentFinancialInstruments 2024-03-31 12706384 frs-core:ShareCapital 2024-03-31 12706384 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12706384 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-03-31 12706384 frs-bus:FilletedAccounts 2023-07-01 2024-03-31 12706384 frs-bus:SmallEntities 2023-07-01 2024-03-31 12706384 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-03-31 12706384 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-03-31 12706384 frs-bus:Director1 2023-07-01 2024-03-31 12706384 frs-bus:Director2 2023-07-01 2024-03-31 12706384 frs-core:CurrentFinancialInstruments 1 2024-03-31 12706384 frs-countries:EnglandWales 2023-07-01 2024-03-31 12706384 2022-06-30 12706384 2023-06-30 12706384 2022-07-01 2023-06-30 12706384 frs-core:CurrentFinancialInstruments 2023-06-30 12706384 frs-core:Non-currentFinancialInstruments 2023-06-30 12706384 frs-core:ShareCapital 2023-06-30 12706384 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 12706384 frs-core:CurrentFinancialInstruments 1 2023-06-30
Registered number: 12706384
Stratus Data Limited
Unaudited Financial Statements
For the Period 1 July 2023 to 31 March 2024
Wilkinson Accounting Solutions Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12706384
31 March 2024 30 June 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 35,706 25,344
Cash at bank and in hand 810 264
36,516 25,608
Creditors: Amounts Falling Due Within One Year 5 (34,702 ) (24,114 )
NET CURRENT ASSETS (LIABILITIES) 1,814 1,494
TOTAL ASSETS LESS CURRENT LIABILITIES 1,814 1,494
NET ASSETS 1,814 1,494
CAPITAL AND RESERVES
Called up share capital 6 131 131
Profit and Loss Account 1,683 1,363
SHAREHOLDERS' FUNDS 1,814 1,494
For the period 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 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
Mr Michael Tobin
Director
29/11/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Stratus Data Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12706384 . The registered office is Unit 9 J2 Business Centre, Bridge Hall Lane, Bury, BL9 7NY.
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 not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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. 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 and deferred tax are recognised in profit or loss for the period, 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.
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Page 3
2.5.
Trade Creditors
Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts Payable are classified as current liabilities if the company does not have an unconditional right at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2023: 1)
1 1
4. Debtors
31 March 2024 30 June 2023
£ £
Due within one year
Trade debtors - 255
DLA Interest 1,033 450
1,033 705
Due after more than one year
Corporation tax recoverable assets 8,749 6,217
Directors loan account 25,924 18,422
34,673 24,639
35,706 25,344
5. Creditors: Amounts Falling Due Within One Year
31 March 2024 30 June 2023
£ £
Trade creditors - (1 )
Corporation tax 22,894 12,955
Accruals and deferred income 1,147 499
Amounts owed to group undertakings 10,661 10,661
34,702 24,114
6. Share Capital
31 March 2024 30 June 2023
£ £
Allotted, Called up and fully paid 131 131
Page 3