Acorah Software Products - Accounts Production 16.1.300 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 12212719 Mr Liangliang Qi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12212719 2023-11-30 12212719 2024-11-30 12212719 2023-12-01 2024-11-30 12212719 frs-core:CurrentFinancialInstruments 2024-11-30 12212719 frs-core:FurnitureFittings 2024-11-30 12212719 frs-core:FurnitureFittings 2023-12-01 2024-11-30 12212719 frs-core:FurnitureFittings 2023-11-30 12212719 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-11-30 12212719 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 12212719 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-30 12212719 frs-core:ShareCapital 2024-11-30 12212719 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 12212719 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 12212719 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 12212719 frs-bus:SmallEntities 2023-12-01 2024-11-30 12212719 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 12212719 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 12212719 frs-bus:Director1 2023-12-01 2024-11-30 12212719 frs-countries:EnglandWales 2023-12-01 2024-11-30 12212719 2022-11-30 12212719 2023-11-30 12212719 2022-12-01 2023-11-30 12212719 frs-core:CurrentFinancialInstruments 2023-11-30 12212719 frs-core:ShareCapital 2023-11-30 12212719 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 12212719
Sweetown Ltd
Financial Statements
For The Year Ended 30 November 2024
Prudence Accountancy
Office 704, JQ Modern
120 Vyse Street
Birmingham
B18 6NF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12212719
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 34,492 38,114
34,492 38,114
CURRENT ASSETS
Stocks 5 1,500 9,000
Debtors 6 13,373 15,867
Cash at bank and in hand 31,841 10,238
46,714 35,105
Creditors: Amounts Falling Due Within One Year 7 (70,907 ) (62,904 )
NET CURRENT ASSETS (LIABILITIES) (24,193 ) (27,799 )
TOTAL ASSETS LESS CURRENT LIABILITIES 10,299 10,315
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,254 ) (2,652 )
NET ASSETS 8,045 7,663
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 7,945 7,563
SHAREHOLDERS' FUNDS 8,045 7,663
Page 1
Page 2
For the year ending 30 November 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 his 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 Liangliang Qi
Director
08/01/2025
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
Sweetown Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12212719 . The registered office is 21 Market Street, Nottingham, NG1 6HX.
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.
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:
Leasehold 5% on straight line basis
Fixtures & Fittings 15% on reducing balance basis
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. 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 years 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.
2.6. Pensions
The company operates a defined pension contribution scheme-NEST. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 10)
6 10
Page 3
Page 4
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 December 2023 30,589 23,269 53,858
As at 30 November 2024 30,589 23,269 53,858
Depreciation
As at 1 December 2023 6,431 9,313 15,744
Provided during the period 1,529 2,093 3,622
As at 30 November 2024 7,960 11,406 19,366
Net Book Value
As at 30 November 2024 22,629 11,863 34,492
As at 1 December 2023 24,158 13,956 38,114
5. Stocks
2024 2023
£ £
Stock 1,500 9,000
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 13,373 15,867
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 66,107 59,969
Taxation and social security 4,800 2,935
70,907 62,904
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
During the year, the company has paid dividend £5,000 to the director.
Page 4