Acorah Software Products - Accounts Production 16.1.200 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 07072557 Dr Bridget Bannerman Ms Joanna Chukualim iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07072557 2023-05-31 07072557 2024-05-31 07072557 2023-06-01 2024-05-31 07072557 frs-core:CurrentFinancialInstruments 2024-05-31 07072557 frs-core:ComputerEquipment 2024-05-31 07072557 frs-core:ComputerEquipment 2023-06-01 2024-05-31 07072557 frs-core:ComputerEquipment 2023-05-31 07072557 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 07072557 frs-bus:CompanyLimitedByGuarantee 2023-06-01 2024-05-31 07072557 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 07072557 frs-bus:SmallEntities 2023-06-01 2024-05-31 07072557 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07072557 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07072557 frs-bus:Director1 2023-06-01 2024-05-31 07072557 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 07072557 frs-countries:EnglandWales 2023-06-01 2024-05-31 07072557 2022-05-31 07072557 2023-05-31 07072557 2022-06-01 2023-05-31 07072557 frs-core:CurrentFinancialInstruments 2023-05-31 07072557 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 07072557
Science Resources Foundation Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07072557
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 473 631
473 631
CURRENT ASSETS
Debtors 5 168 -
Cash at bank and in hand 4,144 1,834
4,312 1,834
Creditors: Amounts Falling Due Within One Year 6 (52,490 ) (26,642 )
NET CURRENT ASSETS (LIABILITIES) (48,178 ) (24,808 )
TOTAL ASSETS LESS CURRENT LIABILITIES (47,705 ) (24,177 )
NET LIABILITIES (47,705 ) (24,177 )
Income and Expenditure Account (47,705 ) (24,177 )
MEMBERS' FUNDS (47,705) (24,177)
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 Income and Expenditure Account.
On behalf of the board
Dr Bridget Bannerman
Director
21 February 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
Science Resources Foundation Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 07072557 . The registered office is 128 City Road, London, EC1V 2NX.
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:
Computer Equipment 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: NIL)
1 -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 2,748
As at 31 May 2024 2,748
Depreciation
As at 1 June 2023 2,117
Provided during the period 158
As at 31 May 2024 2,275
Net Book Value
As at 31 May 2024 473
As at 1 June 2023 631
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Other taxes and social security 168 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Director's loan account 52,490 26,642
7. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 3