Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 10898553 Dr Melanie Sinclair Mr Alexander Sinclair Mr Avnir Soni Dr Cai Bird Dr Melanie Sinclair iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10898553 2023-08-31 10898553 2024-08-31 10898553 2023-09-01 2024-08-31 10898553 frs-core:CurrentFinancialInstruments 2024-08-31 10898553 frs-core:Non-currentFinancialInstruments 2024-08-31 10898553 frs-core:ComputerEquipment 2024-08-31 10898553 frs-core:ComputerEquipment 2023-09-01 2024-08-31 10898553 frs-core:ComputerEquipment 2023-08-31 10898553 frs-core:PlantMachinery 2024-08-31 10898553 frs-core:PlantMachinery 2023-09-01 2024-08-31 10898553 frs-core:PlantMachinery 2023-08-31 10898553 frs-core:ShareCapital 2024-08-31 10898553 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10898553 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10898553 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10898553 frs-bus:SmallEntities 2023-09-01 2024-08-31 10898553 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10898553 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10898553 frs-bus:Director1 2023-09-01 2024-08-31 10898553 frs-bus:Director2 2023-09-01 2024-08-31 10898553 frs-bus:Director3 2023-09-01 2024-08-31 10898553 frs-bus:Director4 2023-09-01 2024-08-31 10898553 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 10898553 frs-countries:EnglandWales 2023-09-01 2024-08-31 10898553 2022-08-31 10898553 2023-08-31 10898553 2022-09-01 2023-08-31 10898553 frs-core:CurrentFinancialInstruments 2023-08-31 10898553 frs-core:Non-currentFinancialInstruments 2023-08-31 10898553 frs-core:ShareCapital 2023-08-31 10898553 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 10898553
Coastsense Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
CCF Accountancy Limited
Chartered Certified Accountants & Chartered Tax Advisers
20 Victoria Avenue
Harrogate
HG1 5QY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10898553
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 218,886 213,371
218,886 213,371
CURRENT ASSETS
Debtors 5 157,904 108,075
Cash at bank and in hand 6,841 1,321
164,745 109,396
Creditors: Amounts Falling Due Within One Year 6 (275,719 ) (209,229 )
NET CURRENT ASSETS (LIABILITIES) (110,974 ) (99,833 )
TOTAL ASSETS LESS CURRENT LIABILITIES 107,912 113,538
Creditors: Amounts Falling Due After More Than One Year 7 (32,157 ) (64,294 )
NET ASSETS 75,755 49,244
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 75,754 49,243
SHAREHOLDERS' FUNDS 75,755 49,244
Page 1
Page 2
For the year ending 31 August 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
Dr Melanie Sinclair
Director
12/02/2025
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
Coastsense Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10898553 . The registered office is 320 Mariners House Queens Dock Business Centre,, Norfolk Street, Liverpool, L1 0BG.
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 15% Reducing Balance
Computer Equipment 20% Straight Line
2.4. 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.
2.5. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 290,210 18,053 308,263
Additions 33,482 11,837 45,319
As at 31 August 2024 323,692 29,890 353,582
Depreciation
As at 1 September 2023 85,001 9,891 94,892
Provided during the period 35,804 4,000 39,804
As at 31 August 2024 120,805 13,891 134,696
Net Book Value
As at 31 August 2024 202,887 15,999 218,886
As at 1 September 2023 205,209 8,162 213,371
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 47,352
Other debtors 157,904 60,723
157,904 108,075
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,369 6,843
Bank loans and overdrafts 8,477 8,182
Other creditors 244,734 175,812
Taxation and social security 12,139 18,392
275,719 209,229
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 32,157 40,634
Other creditors - 23,660
32,157 64,294
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5