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 12588038 Mr Steven Evans iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12588038 2023-05-31 12588038 2024-05-31 12588038 2023-06-01 2024-05-31 12588038 frs-core:CurrentFinancialInstruments 2024-05-31 12588038 frs-core:Non-currentFinancialInstruments 2024-05-31 12588038 frs-core:BetweenOneFiveYears 2024-05-31 12588038 frs-core:ComputerEquipment 2024-05-31 12588038 frs-core:ComputerEquipment 2023-06-01 2024-05-31 12588038 frs-core:ComputerEquipment 2023-05-31 12588038 frs-core:FurnitureFittings 2024-05-31 12588038 frs-core:FurnitureFittings 2023-06-01 2024-05-31 12588038 frs-core:FurnitureFittings 2023-05-31 12588038 frs-core:MotorVehicles 2024-05-31 12588038 frs-core:MotorVehicles 2023-06-01 2024-05-31 12588038 frs-core:MotorVehicles 2023-05-31 12588038 frs-core:PlantMachinery 2024-05-31 12588038 frs-core:PlantMachinery 2023-06-01 2024-05-31 12588038 frs-core:PlantMachinery 2023-05-31 12588038 frs-core:WithinOneYear 2024-05-31 12588038 frs-core:ShareCapital 2024-05-31 12588038 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 12588038 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12588038 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 12588038 frs-bus:SmallEntities 2023-06-01 2024-05-31 12588038 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12588038 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12588038 frs-bus:Director1 2023-06-01 2024-05-31 12588038 frs-core:CurrentFinancialInstruments 5 2024-05-31 12588038 frs-countries:EnglandWales 2023-06-01 2024-05-31 12588038 2022-05-31 12588038 2023-05-31 12588038 2022-06-01 2023-05-31 12588038 frs-core:CurrentFinancialInstruments 2023-05-31 12588038 frs-core:Non-currentFinancialInstruments 2023-05-31 12588038 frs-core:BetweenOneFiveYears 2023-05-31 12588038 frs-core:WithinOneYear 2023-05-31 12588038 frs-core:ShareCapital 2023-05-31 12588038 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 12588038 frs-core:CurrentFinancialInstruments 5 2023-05-31
Registered number: 12588038
Snrg Structures Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12588038
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 25,215 8,175
25,215 8,175
CURRENT ASSETS
Stocks 5 12,800 12,800
Debtors 6 26,913 27,645
Cash at bank and in hand 56,554 33,134
96,267 73,579
Creditors: Amounts Falling Due Within One Year 7 (32,196 ) (20,504 )
NET CURRENT ASSETS (LIABILITIES) 64,071 53,075
TOTAL ASSETS LESS CURRENT LIABILITIES 89,286 61,250
Creditors: Amounts Falling Due After More Than One Year 8 (4,447 ) (3,978 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,791 ) (1,553 )
NET ASSETS 80,048 55,719
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 79,948 55,619
SHAREHOLDERS' FUNDS 80,048 55,719
Page 1
Page 2
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 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 Steven Evans
Director
27/12/2024
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
Snrg Structures Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12588038 . The registered office is 36 Stanshaw Close, Bristol, BS16 1JY.
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 FRS 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:
Plant & Machinery 33.33% Straight Line Method
Motor Vehicles 25% Reducing Balance Method
Fixtures & Fittings 33.33% Straight Line Method
Computer Equipment 33.33% Straight Line Method
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
Page 4
2.7. 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 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.
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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 4 (2023: 3)
4 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 5,161 18,490 300 939 24,890
Additions - 33,495 - - 33,495
Disposals - (18,490 ) - - (18,490 )
As at 31 May 2024 5,161 33,495 300 939 39,895
Depreciation
As at 1 June 2023 4,929 10,690 297 799 16,715
Provided during the period 139 8,374 3 139 8,655
Disposals - (10,690 ) - - (10,690 )
As at 31 May 2024 5,068 8,374 300 938 14,680
Net Book Value
As at 31 May 2024 93 25,121 - 1 25,215
As at 1 June 2023 232 7,800 3 140 8,175
5. Stocks
2024 2023
£ £
Stock 12,800 12,800
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 22,502 18,645
Prepayments and accrued income - 9,000
Other taxes and social security 4,185 -
Net wages 226 -
26,913 27,645
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,845 4,330
Trade creditors 3,093 2,344
Corporation tax 10,310 -
Other taxes and social security - 475
VAT 8,903 5,328
Pension control 49 98
Accruals and deferred income 917 917
Director's loan account 5,079 7,012
32,196 20,504
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,447 3,978
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,845 4,330
Later than one year and not later than five years 4,447 3,978
8,292 8,308
8,292 8,308
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5