Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 12604464 Michael Vachon Sarah Fulton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12604464 2023-05-31 12604464 2024-05-31 12604464 2023-06-01 2024-05-31 12604464 frs-core:CurrentFinancialInstruments 2024-05-31 12604464 frs-core:ComputerEquipment 2024-05-31 12604464 frs-core:ComputerEquipment 2023-06-01 2024-05-31 12604464 frs-core:ComputerEquipment 2023-05-31 12604464 frs-core:PlantMachinery 2024-05-31 12604464 frs-core:PlantMachinery 2023-06-01 2024-05-31 12604464 frs-core:PlantMachinery 2023-05-31 12604464 frs-core:SharePremium 2024-05-31 12604464 frs-core:ShareCapital 2024-05-31 12604464 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 12604464 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12604464 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 12604464 frs-bus:SmallEntities 2023-06-01 2024-05-31 12604464 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12604464 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12604464 frs-bus:Director1 2023-06-01 2024-05-31 12604464 frs-bus:Director2 2023-06-01 2024-05-31 12604464 frs-countries:EnglandWales 2023-06-01 2024-05-31 12604464 2022-05-31 12604464 2023-05-31 12604464 2022-06-01 2023-05-31 12604464 frs-core:CurrentFinancialInstruments 2023-05-31 12604464 frs-core:SharePremium 2023-05-31 12604464 frs-core:ShareCapital 2023-05-31 12604464 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 12604464
Citizens Of Soil Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Portt & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12604464
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,298 2
1,298 2
CURRENT ASSETS
Stocks 5 139,472 80,913
Debtors 6 76,960 71,886
Cash at bank and in hand 314,176 89,698
530,608 242,497
Creditors: Amounts Falling Due Within One Year 7 (626,055 ) (62,475 )
NET CURRENT ASSETS (LIABILITIES) (95,447 ) 180,022
TOTAL ASSETS LESS CURRENT LIABILITIES (94,149 ) 180,024
NET (LIABILITIES)/ASSETS (94,149 ) 180,024
CAPITAL AND RESERVES
Called up share capital 8 131 131
Share premium account 410,981 420,481
Profit and Loss Account (505,261 ) (240,588 )
SHAREHOLDERS' FUNDS (94,149) 180,024
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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
Michael Vachon
Director
07/02/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Citizens Of Soil Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12604464 . The registered office is 86-90 Paul Street, London, EC2A 4NE.
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:
Plant & Machinery straight line - 3 years
Computer Equipment straight line - 3 years
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.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 3)
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 706 1,320 2,026
Additions - 1,373 1,373
As at 31 May 2024 706 2,693 3,399
Depreciation
As at 1 June 2023 705 1,319 2,024
Provided during the period - 77 77
As at 31 May 2024 705 1,396 2,101
Net Book Value
As at 31 May 2024 1 1,297 1,298
As at 1 June 2023 1 1 2
5. Stocks
2024 2023
£ £
Stock 139,472 80,913
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 58,029 59,492
Other debtors 18,431 11,894
76,460 71,386
Due after more than one year
Other debtors 500 500
76,960 71,886
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 82,786 28,849
Bank loans and overdrafts 21,000 22,500
Other loans 27,632 -
Other creditors 491,281 11,126
Taxation and social security 3,356 -
626,055 62,475
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 131 131
9. Directors Advances, Credits and Guarantees
Included within Debtors is a loan to a director. 
The balances are as follows: At the start of the period £214, amounts advanced £27, amounts repaid £nil, at the end of the period £241.
The above loan is unsecured, interest free and repayable on demand.
10. Advanced Subscription Agreement
During the financial year the company received funds under an Advanced Subscription Agreement (ASA) amounting to £464,744. These funds were recorded as a creditor in the balance sheet as at 31 May 2024. Subsequent to the year-end the ASA was converted into equity on 5 June 2024. The conversion of the ASA into equity has been duly reflected in the financial statements for the subsequent period. 
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