Acorah Software Products - Accounts Production 16.1.200 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 09709876 Mr Neil Bennett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09709876 2023-07-31 09709876 2024-07-31 09709876 2023-08-01 2024-07-31 09709876 frs-core:CurrentFinancialInstruments 2024-07-31 09709876 frs-core:ComputerEquipment 2024-07-31 09709876 frs-core:ComputerEquipment 2023-08-01 2024-07-31 09709876 frs-core:ComputerEquipment 2023-07-31 09709876 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-07-31 09709876 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-01 2024-07-31 09709876 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-31 09709876 frs-core:FurnitureFittings 2024-07-31 09709876 frs-core:FurnitureFittings 2023-08-01 2024-07-31 09709876 frs-core:FurnitureFittings 2023-07-31 09709876 frs-core:NetGoodwill 2024-07-31 09709876 frs-core:NetGoodwill 2023-08-01 2024-07-31 09709876 frs-core:NetGoodwill 2023-07-31 09709876 frs-core:MotorVehicles 2024-07-31 09709876 frs-core:MotorVehicles 2023-08-01 2024-07-31 09709876 frs-core:MotorVehicles 2023-07-31 09709876 frs-core:OtherResidualIntangibleAssets 2024-07-31 09709876 frs-core:OtherResidualIntangibleAssets 2023-08-01 2024-07-31 09709876 frs-core:OtherResidualIntangibleAssets 2023-07-31 09709876 frs-core:ShareCapital 2024-07-31 09709876 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 09709876 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09709876 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 09709876 frs-bus:SmallEntities 2023-08-01 2024-07-31 09709876 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 09709876 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09709876 frs-bus:OrdinaryShareClass1 2023-08-01 2024-07-31 09709876 frs-bus:OrdinaryShareClass1 2024-07-31 09709876 frs-bus:Director1 2023-08-01 2024-07-31 09709876 frs-countries:EnglandWales 2023-08-01 2024-07-31 09709876 2022-07-31 09709876 2023-07-31 09709876 2022-08-01 2023-07-31 09709876 frs-core:CurrentFinancialInstruments 2023-07-31 09709876 frs-core:ShareCapital 2023-07-31 09709876 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 09709876 frs-bus:OrdinaryShareClass1 2022-08-01 2023-07-31
Registered number: 09709876
Surfplugs Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09709876
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 1,302 2,113
Tangible Assets 4 169 287
1,471 2,400
CURRENT ASSETS
Stocks 4,621 4,085
Debtors 5 729 1,016
Cash at bank and in hand 8,772 6,361
14,122 11,462
Creditors: Amounts Falling Due Within One Year 6 (15,426 ) (14,775 )
NET CURRENT ASSETS (LIABILITIES) (1,304 ) (3,313 )
TOTAL ASSETS LESS CURRENT LIABILITIES 167 (913 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (32 ) (55 )
NET ASSETS/(LIABILITIES) 135 (968 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 35 (1,068 )
SHAREHOLDERS' FUNDS 135 (968)
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For the year ending 31 July 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 Neil Bennett
Director
7 January 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The accounts are presented in sterling.
1.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3. 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 10 years.
1.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are fair value costs of assets at aquisition. They are amortised to profit and loss account over their estimated economic life of 10 (trademarks) & 5 (other) years.
1.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 20% straight line
Fixtures & Fittings 20% straight line
Computer Equipment 20% straight line
1.6. 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.
1.7. Financial Instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
1.8. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
1.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
1.10. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
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1.11. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
2. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
3. Intangible Assets
Goodwill Other Development Costs Total
£ £ £ £
Cost
As at 1 August 2023 7,070 1,037 5,250 13,357
As at 31 July 2024 7,070 1,037 5,250 13,357
Amortisation
As at 1 August 2023 5,524 470 5,250 11,244
Provided during the period 707 104 - 811
As at 31 July 2024 6,231 574 5,250 12,055
Net Book Value
As at 31 July 2024 839 463 - 1,302
As at 1 August 2023 1,546 567 - 2,113
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 18,002 2,165 4,227 24,394
As at 31 July 2024 18,002 2,165 4,227 24,394
Depreciation
As at 1 August 2023 18,002 2,165 3,940 24,107
Provided during the period - - 118 118
As at 31 July 2024 18,002 2,165 4,058 24,225
Net Book Value
As at 31 July 2024 - - 169 169
As at 1 August 2023 - - 287 287
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 55 202
Prepayments and accrued income 674 814
729 1,016
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,433 51
Corporation tax 632 680
Accruals and deferred income 672 624
Government grants within one year 1,672 -
Director's loan account 11,017 13,420
15,426 14,775
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Value Number 2024 2023
Allotted, called up and fully paid £ £ £
Ordinary Shares 1 100 100 100
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
Land and buildings
2024 2023
£ £
Within 1 year 1,672 -
1,672 -
9. Related Party Transactions
At the year end, 31 July 2024, the company owed the director £11,017 (2023: £13,420) in respect of a loan held with the company. This amount is interest free and repayable on demand.
10. General Information
Surfplugs Limited Registered number 09709876 is a limited by shares company incorporated in England & Wales. The Registered Office is 138 High Street, Crediton, Devon, EX17 3DX.
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