Acorah Software Products - Accounts Production 16.1.200 false true true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 12109631 Mrs Kamaljit Deol Mr Satwinder Deol iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12109631 2023-07-31 12109631 2024-07-31 12109631 2023-08-01 2024-07-31 12109631 frs-core:CurrentFinancialInstruments 2024-07-31 12109631 frs-core:FurnitureFittings 2024-07-31 12109631 frs-core:FurnitureFittings 2023-08-01 2024-07-31 12109631 frs-core:FurnitureFittings 2023-07-31 12109631 frs-core:NetGoodwill 2024-07-31 12109631 frs-core:NetGoodwill 2023-08-01 2024-07-31 12109631 frs-core:NetGoodwill 2023-07-31 12109631 frs-core:PlantMachinery 2024-07-31 12109631 frs-core:PlantMachinery 2023-08-01 2024-07-31 12109631 frs-core:PlantMachinery 2023-07-31 12109631 frs-core:ShareCapital 2024-07-31 12109631 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 12109631 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12109631 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 12109631 frs-bus:SmallEntities 2023-08-01 2024-07-31 12109631 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12109631 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12109631 frs-bus:Director1 2023-08-01 2024-07-31 12109631 frs-bus:Director2 2023-08-01 2024-07-31 12109631 frs-core:CurrentFinancialInstruments 1 2024-07-31 12109631 frs-countries:EnglandWales 2023-08-01 2024-07-31 12109631 2022-07-31 12109631 2023-07-31 12109631 2022-08-01 2023-07-31 12109631 frs-core:CurrentFinancialInstruments 2023-07-31 12109631 frs-core:ShareCapital 2023-07-31 12109631 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 12109631 frs-core:CurrentFinancialInstruments 1 2023-07-31
Registered number: 12109631
s & g Discount Limited
Financial Statements
For The Year Ended 31 July 2024
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12109631
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 290,000 290,000
Tangible Assets 5 50,677 54,000
340,677 344,000
CURRENT ASSETS
Stocks 6 189,167 174,750
Debtors 7 - 1,389
Cash at bank and in hand 4,715 4,365
193,882 180,504
Creditors: Amounts Falling Due Within One Year 8 (569,726 ) (580,053 )
NET CURRENT ASSETS (LIABILITIES) (375,844 ) (399,549 )
TOTAL ASSETS LESS CURRENT LIABILITIES (35,167 ) (55,549 )
NET LIABILITIES (35,167 ) (55,549 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (35,169 ) (55,551 )
SHAREHOLDERS' FUNDS (35,167) (55,549)
Page 1
Page 2
For the year ending 31 July 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 Satwinder Deol
Director
20/02/2025
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
s & g Discount Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12109631 . The registered office is 75 Moulton Road, Hamilton, Leicester, LE5 1BS.
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. Going Concern Disclosure
The directors have 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.
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.
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.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.5. 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
Fixtures & Fittings 25% reducing balance
2.6. 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: 4 (2023: 2)
4 2
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4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 290,000
As at 31 July 2024 290,000
Net Book Value
As at 31 July 2024 290,000
As at 1 August 2023 290,000
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2023 60,000 - 60,000
Additions - 3,570 3,570
As at 31 July 2024 60,000 3,570 63,570
Depreciation
As at 1 August 2023 6,000 - 6,000
Provided during the period 6,000 893 6,893
As at 31 July 2024 12,000 893 12,893
Net Book Value
As at 31 July 2024 48,000 2,677 50,677
As at 1 August 2023 54,000 - 54,000
6. Stocks
2024 2023
£ £
Finished goods 189,167 174,750
7. Debtors
2024 2023
£ £
Due within one year
Other taxes and social security - 1,389
- 1,389
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 9,112 14,059
Other taxes and social security 928 -
VAT 754 41
Pension - 21
Other creditors (1) 98,000 142,000
Directors' loan accounts 460,932 423,932
569,726 580,053
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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