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 13090869 Mrs Melissa Banks Mrs Bethany Holland iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13090869 2023-03-31 13090869 2024-03-31 13090869 2023-04-01 2024-03-31 13090869 frs-core:CurrentFinancialInstruments 2024-03-31 13090869 frs-core:Non-currentFinancialInstruments 2024-03-31 13090869 frs-core:BetweenOneFiveYears 2024-03-31 13090869 frs-core:MotorVehicles 2024-03-31 13090869 frs-core:MotorVehicles 2023-04-01 2024-03-31 13090869 frs-core:MotorVehicles 2023-03-31 13090869 frs-core:PlantMachinery 2024-03-31 13090869 frs-core:PlantMachinery 2023-04-01 2024-03-31 13090869 frs-core:PlantMachinery 2023-03-31 13090869 frs-core:WithinOneYear 2024-03-31 13090869 frs-core:ShareCapital 2024-03-31 13090869 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13090869 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13090869 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 13090869 frs-bus:SmallEntities 2023-04-01 2024-03-31 13090869 frs-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13090869 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13090869 frs-bus:Director1 2023-04-01 2024-03-31 13090869 frs-bus:Director1 2023-03-31 13090869 frs-bus:Director1 2024-03-31 13090869 frs-bus:Director2 2023-04-01 2024-03-31 13090869 frs-bus:Director2 2023-03-31 13090869 frs-bus:Director2 2024-03-31 13090869 frs-countries:EnglandWales 2023-04-01 2024-03-31 13090869 2022-03-31 13090869 2023-03-31 13090869 2022-04-01 2023-03-31 13090869 frs-core:CurrentFinancialInstruments 2023-03-31 13090869 frs-core:Non-currentFinancialInstruments 2023-03-31 13090869 frs-core:BetweenOneFiveYears 2023-03-31 13090869 frs-core:MotorVehicles 2022-04-01 2023-03-31 13090869 frs-core:WithinOneYear 2023-03-31 13090869 frs-core:ShareCapital 2023-03-31 13090869 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13090869
Signature Property Stagers Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Elementary Accountancy Services Limited
Unaudited Financial Statements
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Signature Property Stagers Ltd for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Signature Property Stagers Ltd for the year ended 31 March 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Signature Property Stagers Ltd , as a body, in accordance with the terms of our engagement letter dated 06 November 2021. Our work has been undertaken solely to prepare for your approval the accounts of Signature Property Stagers Ltd and state those matters that we have agreed to state to the directors of Signature Property Stagers Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Signature Property Stagers Ltd and its directors, as a body, for our work or for this report.
It is your duty to ensure that Signature Property Stagers Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Signature Property Stagers Ltd . You consider that Signature Property Stagers Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Signature Property Stagers Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
15/11/2024
Elementary Accountancy Services Limited
36 Dearne Hall Lane
Barnsley
S751FX
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Balance Sheet
Registered number: 13090869
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,828 17,020
12,828 17,020
CURRENT ASSETS
Stocks 5 1,500 2,900
Debtors 6 36,841 23,849
Cash at bank and in hand 18,871 17,424
57,212 44,173
Creditors: Amounts Falling Due Within One Year 7 (58,470 ) (46,121 )
NET CURRENT ASSETS (LIABILITIES) (1,258 ) (1,948 )
TOTAL ASSETS LESS CURRENT LIABILITIES 11,570 15,072
Creditors: Amounts Falling Due After More Than One Year 8 (11,232 ) (14,814 )
NET ASSETS 338 258
CAPITAL AND RESERVES
Called up share capital 11 202 202
Profit and Loss Account 136 56
SHAREHOLDERS' FUNDS 338 258
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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 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
Mrs Melissa Banks
Director
15/11/2024
The notes on pages 4 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Signature Property Stagers Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13090869 . The registered office is 71-75 Shelton Street, London, WC2H 9JQ.
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. Turnover relates to services provided in relation to property staging and the sale of furniture and homeware used in this process.

Turnover in relation to the sale of furniture and homeware is recognised when the goods are placed in the property and therefore the risks and rewards of ownership have passed to the property owner.

Turnover from the rendering of services is recognised when the services have been provided (i.e. once the property is staged for the property owner).
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 25% straight line
Motor Vehicles 25% reducing balance
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. 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. Stock is calculated using the first in first out method.
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.
...CONTINUED
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2.6. 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 289 22,500 22,789
Additions 119 - 119
As at 31 March 2024 408 22,500 22,908
Depreciation
As at 1 April 2023 144 5,625 5,769
Provided during the period 92 4,219 4,311
As at 31 March 2024 236 9,844 10,080
Net Book Value
As at 31 March 2024 172 12,656 12,828
As at 1 April 2023 145 16,875 17,020
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 12,656 16,875
12,656 16,875
5. Stocks
2024 2023
£ £
Stock 1,500 2,900
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,140 8,694
Prepayments and accrued income 250 530
Other debtors 9,912 9,894
Directors' loan accounts 19,539 4,731
36,841 23,849
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,459 4,558
Trade creditors 3,151 23,328
Other loans 7,478 -
Corporation tax 12,308 3,344
VAT 5,395 6,282
Other creditors 13,022 995
Accruals and deferred income 12,657 7,614
58,470 46,121
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,232 14,814
11,232 14,814
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 15,691 19,372
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,459 4,558
Later than one year and not later than five years 11,232 14,814
15,691 19,372
15,691 19,372
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11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 202 202
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Miss Melissa Banks 4,731 9,770 4,731 - 9,770
Miss Bethany Holland - 9,769 - - 9,769
The above loan is unsecured, interest free and repayable on demand.
13. Related Party Transactions
A balance of £7,145 (2023: £995) included within other creditors relates to another entity under same control as this entity. This is considered repayable on demand and no interest is charged. 
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