Acorah Software Products - Accounts Production 16.1.200 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 08564266 Mr David Stanbridge Mrs Louise Stanbridge iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08564266 2023-05-31 08564266 2024-05-31 08564266 2023-06-01 2024-05-31 08564266 frs-core:CurrentFinancialInstruments 2024-05-31 08564266 frs-core:Non-currentFinancialInstruments 2024-05-31 08564266 frs-core:ComputerEquipment 2024-05-31 08564266 frs-core:ComputerEquipment 2023-06-01 2024-05-31 08564266 frs-core:ComputerEquipment 2023-05-31 08564266 frs-core:MotorVehicles 2024-05-31 08564266 frs-core:MotorVehicles 2023-06-01 2024-05-31 08564266 frs-core:MotorVehicles 2023-05-31 08564266 frs-core:PlantMachinery 2024-05-31 08564266 frs-core:PlantMachinery 2023-06-01 2024-05-31 08564266 frs-core:PlantMachinery 2023-05-31 08564266 frs-core:ShareCapital 2024-05-31 08564266 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 08564266 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08564266 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 08564266 frs-bus:SmallEntities 2023-06-01 2024-05-31 08564266 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08564266 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 08564266 frs-bus:Director1 2023-06-01 2024-05-31 08564266 frs-bus:Director2 2023-06-01 2024-05-31 08564266 frs-countries:EnglandWales 2023-06-01 2024-05-31 08564266 2022-05-31 08564266 2023-05-31 08564266 2022-06-01 2023-05-31 08564266 frs-core:CurrentFinancialInstruments 2023-05-31 08564266 frs-core:Non-currentFinancialInstruments 2023-05-31 08564266 frs-core:ShareCapital 2023-05-31 08564266 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 08564266
David Stanbridge Ltd.
Unaudited Financial Statements
For The Year Ended 31 May 2024
Landsborough Accounting Services Ltd
Abbots Cottage
Abbots Way
Guildford
GU1 2XP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08564266
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,394 21,436
16,394 21,436
CURRENT ASSETS
Cash at bank and in hand 31 -
31 -
Creditors: Amounts Falling Due Within One Year 5 (39,132 ) (40,957 )
NET CURRENT ASSETS (LIABILITIES) (39,101 ) (40,957 )
TOTAL ASSETS LESS CURRENT LIABILITIES (22,707 ) (19,521 )
Creditors: Amounts Falling Due After More Than One Year 6 (11,250 ) (18,000 )
NET LIABILITIES (33,957 ) (37,521 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (34,057 ) (37,621 )
SHAREHOLDERS' FUNDS (33,957) (37,521)
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For the year ending 31 May 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 David Stanbridge
Director
Mrs Louise Stanbridge
Director
02/01/2025
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
David Stanbridge Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 08564266 . The registered office is Abbots Cottage, Abbots Way, Guildford, Surrey, GU1 2XP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. 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:
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Computer Equipment 25% Reducing balance
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.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 3,020 68,984 7,106 79,110
Additions - - 424 424
As at 31 May 2024 3,020 68,984 7,530 79,534
Depreciation
As at 1 June 2023 2,234 49,792 5,648 57,674
Provided during the period 197 4,798 471 5,466
As at 31 May 2024 2,431 54,590 6,119 63,140
Net Book Value
As at 31 May 2024 589 14,394 1,411 16,394
As at 1 June 2023 786 19,192 1,458 21,436
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Bank loans and overdrafts 3,536 8,546
Corporation tax 18,809 11,945
VAT 4,477 7,848
Accruals and deferred income 1,985 1,765
Government grants within one year 9,000 9,000
Directors' loan accounts 1,324 1,853
39,132 40,957
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Government grants after one year 11,250 18,000
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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