Acorah Software Products - Accounts Production 15.0.400 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 03867147 Mr Simon Harrison Mr Christian Brassington Mr David Goodwin Ms Carol Lister Ms Charlotte Nelson Mr Brendon O'Connor Mr Christian Brassington iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03867147 2023-03-31 03867147 2024-03-31 03867147 2023-04-01 2024-03-31 03867147 frs-core:CurrentFinancialInstruments 2024-03-31 03867147 frs-core:Non-currentFinancialInstruments 2024-03-31 03867147 frs-core:ComputerEquipment 2024-03-31 03867147 frs-core:ComputerEquipment 2023-04-01 2024-03-31 03867147 frs-core:ComputerEquipment 2023-03-31 03867147 frs-core:FurnitureFittings 2024-03-31 03867147 frs-core:FurnitureFittings 2023-04-01 2024-03-31 03867147 frs-core:FurnitureFittings 2023-03-31 03867147 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 03867147 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 03867147 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 03867147 frs-core:PlantMachinery 2024-03-31 03867147 frs-core:PlantMachinery 2023-04-01 2024-03-31 03867147 frs-core:PlantMachinery 2023-03-31 03867147 frs-core:SharePremium 2024-03-31 03867147 frs-core:ShareCapital 2024-03-31 03867147 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03867147 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03867147 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03867147 frs-bus:SmallEntities 2023-04-01 2024-03-31 03867147 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03867147 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03867147 frs-bus:Director1 2023-04-01 2024-03-31 03867147 frs-bus:Director2 2023-04-01 2024-03-31 03867147 frs-bus:Director3 2023-04-01 2024-03-31 03867147 frs-bus:Director4 2023-04-01 2024-03-31 03867147 frs-bus:Director5 2023-04-01 2024-03-31 03867147 frs-bus:Director6 2023-04-01 2024-03-31 03867147 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 03867147 frs-countries:EnglandWales 2023-04-01 2024-03-31 03867147 2022-03-31 03867147 2023-03-31 03867147 2022-04-01 2023-03-31 03867147 frs-core:CurrentFinancialInstruments 2023-03-31 03867147 frs-core:Non-currentFinancialInstruments 2023-03-31 03867147 frs-core:SharePremium 2023-03-31 03867147 frs-core:ShareCapital 2023-03-31 03867147 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Simon Harrison Limited
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: 03867147
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 177,989 242,195
177,989 242,195
CURRENT ASSETS
Stocks 5 1,888,922 1,990,543
Debtors 6 986,067 1,029,535
Cash at bank and in hand 101,699 30,469
2,976,688 3,050,547
Creditors: Amounts Falling Due Within One Year 7 (1,595,178 ) (1,098,677 )
NET CURRENT ASSETS (LIABILITIES) 1,381,510 1,951,870
TOTAL ASSETS LESS CURRENT LIABILITIES 1,559,499 2,194,065
Creditors: Amounts Falling Due After More Than One Year 8 (240,543 ) (372,825 )
NET ASSETS 1,318,956 1,821,240
CAPITAL AND RESERVES
Called up share capital 9 200 200
Share premium account 40,000 40,000
Profit and Loss Account 1,278,756 1,781,040
SHAREHOLDERS' FUNDS 1,318,956 1,821,240
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
Mr Simon Harrison
Director
10/01/2025
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
Simon Harrison Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03867147 . The registered office is 2 Cathedral Street, London, SE1 9DE.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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:
Leasehold 20% on cost
Plant & Machinery 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 32 (2023: 37)
32 37
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 27,486 143,394 502,921 677,499 1,351,300
Additions - - 6,046 2,145 8,191
As at 31 March 2024 27,486 143,394 508,967 679,644 1,359,491
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2023 27,486 141,499 384,840 555,280 1,109,105
Provided during the period - 1,895 37,739 32,763 72,397
As at 31 March 2024 27,486 143,394 422,579 588,043 1,181,502
Net Book Value
As at 31 March 2024 - - 86,388 91,601 177,989
As at 1 April 2023 - 1,895 118,081 122,219 242,195
5. Stocks
2024 2023
£ £
Finished goods 1,888,922 1,990,543
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 626,749 797,748
Prepayments and accrued income 19,624 31,267
Other debtors 339,694 200,520
986,067 1,029,535
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 711,194 396,252
Bank loans and overdrafts - 122
Other taxes and social security 335,663 157,518
Other creditors 548,321 544,785
1,595,178 1,098,677
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 240,543 372,825
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 4