Acorah Software Products - Accounts Production 16.1.300 false true 31 October 2023 1 November 2022 false 1 November 2023 31 December 2024 31 December 2024 13532901 Mr Wayne Fundalski Mr Lloyd Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13532901 2023-10-31 13532901 2024-12-31 13532901 2023-11-01 2024-12-31 13532901 frs-core:ComputerEquipment 2024-12-31 13532901 frs-core:ComputerEquipment 2023-11-01 2024-12-31 13532901 frs-core:ComputerEquipment 2023-10-31 13532901 frs-core:MotorVehicles 2024-12-31 13532901 frs-core:MotorVehicles 2023-11-01 2024-12-31 13532901 frs-core:MotorVehicles 2023-10-31 13532901 frs-core:PlantMachinery 2024-12-31 13532901 frs-core:PlantMachinery 2023-11-01 2024-12-31 13532901 frs-core:PlantMachinery 2023-10-31 13532901 frs-core:ShareCapital 2024-12-31 13532901 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13532901 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-12-31 13532901 frs-bus:FilletedAccounts 2023-11-01 2024-12-31 13532901 frs-bus:SmallEntities 2023-11-01 2024-12-31 13532901 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-12-31 13532901 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-12-31 13532901 frs-bus:Director1 2023-11-01 2024-12-31 13532901 frs-bus:Director2 2023-11-01 2024-12-31 13532901 frs-countries:EnglandWales 2023-11-01 2024-12-31 13532901 2022-10-31 13532901 2023-10-31 13532901 2022-11-01 2023-10-31 13532901 frs-core:ShareCapital 2023-10-31 13532901 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 13532901
Shear Testing Systems Limited
Unaudited Financial Statements
For the Period 1 November 2023 to 31 December 2024
James Khan
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13532901
31 December 2024 31 October 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,465 30,061
32,465 30,061
CURRENT ASSETS
Debtors 25,722 21,683
Cash at bank and in hand 24,293 1,409
50,015 23,092
Creditors: Amounts Falling Due Within One Year (62,611 ) (37,014 )
NET CURRENT ASSETS (LIABILITIES) (12,596 ) (13,922 )
TOTAL ASSETS LESS CURRENT LIABILITIES 19,869 16,139
NET ASSETS 19,869 16,139
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account 19,769 16,039
SHAREHOLDERS' FUNDS 19,869 16,139
Page 1
Page 2
For the period ending 31 December 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 Wayne Fundalski
Director
Mr Lloyd Smith
Director
20/01/2025
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
Shear Testing Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13532901 . The registered office is 33 Teasel Avenue, Penarth, CF64 2QE.
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 10% straight line
Motor Vehicles 15% reducing balance
Computer Equipment 15% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 31,234 7,000 - 38,234
Additions 5,558 - 995 6,553
As at 31 December 2024 36,792 7,000 995 44,787
Depreciation
As at 1 November 2023 6,230 1,943 - 8,173
Provided during the period 3,349 759 41 4,149
As at 31 December 2024 9,579 2,702 41 12,322
Net Book Value
As at 31 December 2024 27,213 4,298 954 32,465
As at 1 November 2023 25,004 5,057 - 30,061
Page 3
Page 4
5. Share Capital
31 December 2024 31 October 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4