Acorah Software Products - Accounts Production 16.1.300 false true 28 February 2023 1 April 2022 false 1 March 2023 28 February 2024 28 February 2024 08230762 Mr George Stavrinidis Ms Adrienne Cadle Mr Michael Cunningham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08230762 2023-02-28 08230762 2024-02-28 08230762 2023-03-01 2024-02-28 08230762 frs-core:CurrentFinancialInstruments 2024-02-28 08230762 frs-core:Non-currentFinancialInstruments 2024-02-28 08230762 frs-core:ComputerEquipment 2024-02-28 08230762 frs-core:ComputerEquipment 2023-02-28 08230762 frs-core:FurnitureFittings 2024-02-28 08230762 frs-core:FurnitureFittings 2023-02-28 08230762 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-28 08230762 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 08230762 frs-core:ShareCapital 2024-02-28 08230762 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 08230762 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 08230762 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 08230762 frs-bus:SmallEntities 2023-03-01 2024-02-28 08230762 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 08230762 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 08230762 frs-bus:Director1 2023-03-01 2024-02-28 08230762 frs-bus:Director2 2023-03-01 2024-02-28 08230762 frs-bus:Director3 2023-03-01 2024-02-28 08230762 frs-core:CurrentFinancialInstruments 1 2024-02-28 08230762 frs-core:CurrentFinancialInstruments 2 2024-02-28 08230762 frs-core:CurrentFinancialInstruments 3 2024-02-28 08230762 frs-core:CurrentFinancialInstruments 4 2024-02-28 08230762 frs-countries:EnglandWales 2023-03-01 2024-02-28 08230762 2022-03-31 08230762 2023-02-28 08230762 2022-04-01 2023-02-28 08230762 frs-core:CurrentFinancialInstruments 2023-02-28 08230762 frs-core:Non-currentFinancialInstruments 2023-02-28 08230762 frs-core:ShareCapital 2023-02-28 08230762 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 08230762 frs-core:CurrentFinancialInstruments 1 2023-02-28 08230762 frs-core:CurrentFinancialInstruments 2 2023-02-28 08230762 frs-core:CurrentFinancialInstruments 3 2023-02-28 08230762 frs-core:CurrentFinancialInstruments 4 2023-02-28
Registered number: 08230762
Cadence Performance St Paul's Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Pytronot Accountancy services Limited
262 High Road
Harrow
HA3 7BB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08230762
28 February 2024 28 February 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,327 6,327
6,327 6,327
CURRENT ASSETS
Stocks 5 257,949 473,664
Debtors 6 226,645 36,962
Investments 7 (209,562 ) -
Cash at bank and in hand 89,021 71,891
364,053 582,517
Creditors: Amounts Falling Due Within One Year 8 (148,540 ) (366,179 )
NET CURRENT ASSETS (LIABILITIES) 215,513 216,338
TOTAL ASSETS LESS CURRENT LIABILITIES 221,840 222,665
NET ASSETS 221,840 222,665
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 221,839 222,664
SHAREHOLDERS' FUNDS 221,840 222,665
Page 1
Page 2
For the year ending 28 February 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
Ms Adrienne Cadle
Director
28th February 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
Cadence Performance St Paul's Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08230762 . The registered office is 2a Anerley Hill, London, SE19 2AA.
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. 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: 6 (2023: 6)
6 6
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 7,336 2,030 364 9,730
As at 28 February 2024 7,336 2,030 364 9,730
Depreciation
As at 1 March 2023 2,241 1,017 145 3,403
As at 28 February 2024 2,241 1,017 145 3,403
Net Book Value
As at 28 February 2024 5,095 1,013 219 6,327
As at 1 March 2023 5,095 1,013 219 6,327
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Page 4
5. Stocks
28 February 2024 28 February 2023
£ £
Stock 257,949 473,664
6. Debtors
28 February 2024 28 February 2023
£ £
Due within one year
Trade debtors - (283 )
Prepayments and accrued income (2,627 ) 3,477
Credit Card clearing Control Account 2,579 7,796
Cardnet - 485
Cyclescheme-Finance clearing a/c 20,395 25,482
Stripe/Citrus Pay - 5
Pension scheme prepayments (535 ) -
19,812 36,962
Due after more than one year
Other debtors 206,833 -
226,645 36,962
7. Current Asset Investments
28 February 2024 28 February 2023
£ £
Unlisted investments (209,562) -
8. Creditors: Amounts Falling Due Within One Year
28 February 2024 28 February 2023
£ £
Trade creditors 171,265 82,617
Other taxes and social security 4,306 3,271
VAT 5,665 42,452
Net wages 9,468 967
Creditors Sundry - 105
Customer deposits - CP 1,483 (1,955 )
Inter-co account - Cadence Performance (14,907 ) 97,285
Inter-co account - Mr Cycles Ltd 85,988 76,014
Evernden inter company (8,059 ) 9,594
Accruals and deferred income (106,669 ) 55,829
148,540 366,179
Page 4
Page 5
9. Share Capital
28 February 2024 28 February 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5