Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08310249 Mrs Sharon Clark Mr Alan Clark iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08310249 2023-03-31 08310249 2024-03-31 08310249 2023-04-01 2024-03-31 08310249 frs-core:CurrentFinancialInstruments 2024-03-31 08310249 frs-core:ComputerEquipment 2024-03-31 08310249 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08310249 frs-core:ComputerEquipment 2023-03-31 08310249 frs-core:FurnitureFittings 2024-03-31 08310249 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08310249 frs-core:FurnitureFittings 2023-03-31 08310249 frs-core:PlantMachinery 2023-04-01 2024-03-31 08310249 frs-core:ShareCapital 2024-03-31 08310249 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08310249 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08310249 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08310249 frs-bus:SmallEntities 2023-04-01 2024-03-31 08310249 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08310249 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08310249 frs-bus:Director1 2023-04-01 2024-03-31 08310249 frs-bus:Director2 2023-04-01 2024-03-31 08310249 frs-countries:EnglandWales 2023-04-01 2024-03-31 08310249 2022-03-31 08310249 2023-03-31 08310249 2022-04-01 2023-03-31 08310249 frs-core:CurrentFinancialInstruments 2023-03-31 08310249 frs-core:ShareCapital 2023-03-31 08310249 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08310249
Supa Model Management Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08310249
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 29,168 33,082
29,168 33,082
CURRENT ASSETS
Debtors 5 525,568 670,117
Cash at bank and in hand 592,468 608,132
1,118,036 1,278,249
Creditors: Amounts Falling Due Within One Year 6 (468,721 ) (529,139 )
NET CURRENT ASSETS (LIABILITIES) 649,315 749,110
TOTAL ASSETS LESS CURRENT LIABILITIES 678,483 782,192
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,978 ) (6,105 )
NET ASSETS 673,505 776,087
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 673,503 776,085
SHAREHOLDERS' FUNDS 673,505 776,087
Page 1
Page 2
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 Sharon Clark
Director
23/12/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Supa Model Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08310249 . The registered office is 8-9 Old Steine, Brighton, BN1 1EJ.
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.
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. 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% reducing balance basis
Fixtures & Fittings 25% reducing balance basis
Computer Equipment 25% reducing balance basis
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 year 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 asset reflects 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: 18 (2023: 22)
18 22
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 102,324 28,938 131,262
Additions 4,083 4,556 8,639
As at 31 March 2024 106,407 33,494 139,901
Depreciation
As at 1 April 2023 82,174 16,006 98,180
Provided during the period 6,371 6,182 12,553
As at 31 March 2024 88,545 22,188 110,733
Net Book Value
As at 31 March 2024 17,862 11,306 29,168
As at 1 April 2023 20,150 12,932 33,082
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 413,363 329,222
Prepayments and accrued income 6,343 4,814
Other debtors 105,862 336,081
525,568 670,117
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 38,888 91,670
Other taxes and social security 17,283 -
VAT 51,819 54,192
Other creditors 355,081 353,472
Accruals and deferred income 5,650 7,870
Directors' loan accounts - 21,935
468,721 529,139
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4