Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 03706096 E Regan L D Regan E Regan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03706096 2023-07-31 03706096 2024-07-31 03706096 2023-08-01 2024-07-31 03706096 frs-core:CurrentFinancialInstruments 2024-07-31 03706096 frs-core:ComputerEquipment 2024-07-31 03706096 frs-core:ComputerEquipment 2023-08-01 2024-07-31 03706096 frs-core:ComputerEquipment 2023-07-31 03706096 frs-core:FurnitureFittings 2024-07-31 03706096 frs-core:FurnitureFittings 2023-08-01 2024-07-31 03706096 frs-core:FurnitureFittings 2023-07-31 03706096 frs-core:ShareCapital 2024-07-31 03706096 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 03706096 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03706096 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 03706096 frs-bus:SmallEntities 2023-08-01 2024-07-31 03706096 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 03706096 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 03706096 frs-bus:Director1 2023-08-01 2024-07-31 03706096 frs-bus:Director2 2023-08-01 2024-07-31 03706096 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 03706096 frs-core:CurrentFinancialInstruments 1 2024-07-31 03706096 frs-core:CurrentFinancialInstruments 2 2024-07-31 03706096 frs-core:CurrentFinancialInstruments 4 2024-07-31 03706096 frs-countries:EnglandWales 2023-08-01 2024-07-31 03706096 2022-07-31 03706096 2023-07-31 03706096 2022-08-01 2023-07-31 03706096 frs-core:CurrentFinancialInstruments 2023-07-31 03706096 frs-core:ShareCapital 2023-07-31 03706096 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 03706096 frs-core:CurrentFinancialInstruments 1 2023-07-31 03706096 frs-core:CurrentFinancialInstruments 2 2023-07-31 03706096 frs-core:CurrentFinancialInstruments 4 2023-07-31
Registered number: 03706096
Sew Essential Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03706096
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,699 2,963
1,699 2,963
CURRENT ASSETS
Stocks 5 179,000 183,000
Debtors 6 7,112 4,949
Cash at bank and in hand 286,562 307,383
472,674 495,332
Creditors: Amounts Falling Due Within One Year 7 (39,877 ) (81,204 )
NET CURRENT ASSETS (LIABILITIES) 432,797 414,128
TOTAL ASSETS LESS CURRENT LIABILITIES 434,496 417,091
NET ASSETS 434,496 417,091
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 434,396 416,991
SHAREHOLDERS' FUNDS 434,496 417,091
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
E Regan
Director
06/02/2025
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
Sew Essential Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03706096 . The registered office is Sew Essential Ltd Unit 4 Marquis Court, Marquis Drive Moira, Swadlincote, Derbyshire, DE12 6EJ.
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. 
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:
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33% on cost
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 7)
6 7
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Page 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 13,588 33,070 46,658
Additions - 1,224 1,224
As at 31 July 2024 13,588 34,294 47,882
Depreciation
As at 1 August 2023 13,250 30,445 43,695
Provided during the period 84 2,404 2,488
As at 31 July 2024 13,334 32,849 46,183
Net Book Value
As at 31 July 2024 254 1,445 1,699
As at 1 August 2023 338 2,625 2,963
5. Stocks
2024 2023
£ £
Stock 179,000 183,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,112 4,949
7,112 4,949
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13,060 27,576
Corporation tax 4,511 24,131
VAT 17,880 21,581
Other creditors 816 4,457
Accrued expenses 1,235 1,215
Deferred tax 322 -
Pension creditor 98 289
Directors' loan accounts 1,955 1,955
39,877 81,204
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4