Acorah Software Products - Accounts Production 16.1.300 false true true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 11317351 P L Sunkwa-Mills iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11317351 2023-04-30 11317351 2024-04-30 11317351 2023-05-01 2024-04-30 11317351 frs-core:CurrentFinancialInstruments 2024-04-30 11317351 frs-core:Non-currentFinancialInstruments 2024-04-30 11317351 frs-core:ShareCapital 2024-04-30 11317351 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 11317351 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11317351 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 11317351 frs-bus:SmallEntities 2023-05-01 2024-04-30 11317351 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11317351 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11317351 frs-bus:Director1 2023-05-01 2024-04-30 11317351 frs-countries:EnglandWales 2023-05-01 2024-04-30 11317351 2022-04-30 11317351 2023-04-30 11317351 2022-05-01 2023-04-30 11317351 frs-core:CurrentFinancialInstruments 2023-04-30 11317351 frs-core:Non-currentFinancialInstruments 2023-04-30 11317351 frs-core:ShareCapital 2023-04-30 11317351 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 11317351
Sidela Mills Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11317351
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 10,465 11,715
Cash at bank and in hand 201 13
10,666 11,728
Creditors: Amounts Falling Due Within One Year 5 (10,636 ) (7,191 )
NET CURRENT ASSETS (LIABILITIES) 30 4,537
TOTAL ASSETS LESS CURRENT LIABILITIES 30 4,537
Creditors: Amounts Falling Due After More Than One Year 6 (8,693 ) (12,273 )
NET LIABILITIES (8,663 ) (7,736 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (8,664 ) (7,737 )
SHAREHOLDERS' FUNDS (8,663) (7,736)
For the year ending 30 April 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
P L Sunkwa-Mills
Director
29 January 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Sidela Mills Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11317351 . The registered office is International House, 12 Constance Street, London, E16 2DQ.
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. Going Concern Disclosure
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The company has the support of the director in order to meet its financial obligations in the next 12 months. The director therefore deems it necessary to prepare these accounts on the going concern basis.
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.
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.
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: 1 (2023: 1)
1 1
4. Stocks
2024 2023
£ £
Stock 10,465 11,715
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 300 300
Director's loan account 10,336 6,891
10,636 7,191
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,693 12,273
The company obtained a £19,000 bank loan in 2021. The loan is repayable in 60 monthly instalments commencing 13 months from drawdown date. Interest is payable on the loan at 2.5% per annum. The loan is secured by government backed guarantees.
Page 2
Page 3
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3