Acorah Software Products - Accounts Production 16.1.200 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05774726 Mr Paul Lynch Ms Vivien Fenyvesi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05774726 2023-03-31 05774726 2024-03-31 05774726 2023-04-01 2024-03-31 05774726 frs-core:CurrentFinancialInstruments 2024-03-31 05774726 frs-core:Non-currentFinancialInstruments 2024-03-31 05774726 frs-core:ComputerEquipment 2024-03-31 05774726 frs-core:ComputerEquipment 2023-04-01 2024-03-31 05774726 frs-core:ComputerEquipment 2023-03-31 05774726 frs-core:FurnitureFittings 2024-03-31 05774726 frs-core:FurnitureFittings 2023-04-01 2024-03-31 05774726 frs-core:FurnitureFittings 2023-03-31 05774726 frs-core:MotorVehicles 2024-03-31 05774726 frs-core:MotorVehicles 2023-04-01 2024-03-31 05774726 frs-core:MotorVehicles 2023-03-31 05774726 frs-core:ShareCapital 2024-03-31 05774726 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05774726 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05774726 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05774726 frs-bus:SmallEntities 2023-04-01 2024-03-31 05774726 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05774726 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05774726 frs-bus:Director1 2023-04-01 2024-03-31 05774726 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 05774726 frs-core:CurrentFinancialInstruments 1 2024-03-31 05774726 frs-countries:EnglandWales 2023-04-01 2024-03-31 05774726 2022-03-31 05774726 2023-03-31 05774726 2022-04-01 2023-03-31 05774726 frs-core:CurrentFinancialInstruments 2023-03-31 05774726 frs-core:Non-currentFinancialInstruments 2023-03-31 05774726 frs-core:ShareCapital 2023-03-31 05774726 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 05774726 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 05774726
Saint Design Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05774726
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 57,198 54,904
57,198 54,904
CURRENT ASSETS
Debtors 5 152,736 158,150
Cash at bank and in hand 350,387 204,389
503,123 362,539
Creditors: Amounts Falling Due Within One Year 6 (120,895 ) (48,112 )
NET CURRENT ASSETS (LIABILITIES) 382,228 314,427
TOTAL ASSETS LESS CURRENT LIABILITIES 439,426 369,331
Creditors: Amounts Falling Due After More Than One Year 7 (45,113 ) (50,055 )
NET ASSETS 394,313 319,276
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 394,213 319,176
SHAREHOLDERS' FUNDS 394,313 319,276
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 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 Paul Lynch
Director
19 December 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
Saint Design Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05774726 . The registered office is Unit 14 109 Bartholomew Road, The Dove Commercial Centre, London, NW5 2BJ.
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 identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
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.
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 15%WDV
Fixtures & Fittings 25% SLM
Computer Equipment 25% SLM
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other
Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a
legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to
realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price
including transaction costs and are subsequently carried at amortised cost using the effective interest method unless
the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the
future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not
amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements
entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after
deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that
are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing
transaction, where the debt instrument is measured at the present value of the future payments discounted at a
market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business
from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not,
they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and
subsequently measured at amortised cost using the effective interest method.
Page 3
Page 4
2.6. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
2.7. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other
short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts
are shown within borrowings in current liabilities.
2.8. Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 5)
7 5
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 46,836 20,235 26,746 93,817
Additions - 706 12,433 13,139
As at 31 March 2024 46,836 20,941 39,179 106,956
Depreciation
As at 1 April 2023 - 18,566 20,347 38,913
Provided during the period 7,025 584 3,236 10,845
As at 31 March 2024 7,025 19,150 23,583 49,758
Net Book Value
As at 31 March 2024 39,811 1,791 15,596 57,198
As at 1 April 2023 46,836 1,669 6,399 54,904
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 149,549 158,150
Prepayments and accrued income 3,187 -
152,736 158,150
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,168 1,592
Corporation tax payable 38,775 8,198
PAYE control account 4,633 3,535
VAT control account 70,000 27,869
Wages and salaries control - 1,019
Pension control account 799 487
Director's loan account 4,520 5,412
120,895 48,112
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
VCFS UK Ltd loan 45,113 50,055
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5