Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2024 1 July 2023 false 1 July 2024 7 July 2024 7 July 2024 08586533 Mr Jamil Anakkar Mr Richard Sheen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08586533 2024-06-30 08586533 2024-07-07 08586533 2024-07-01 2024-07-07 08586533 frs-core:CurrentFinancialInstruments 2024-07-07 08586533 frs-core:PlantMachinery 2024-07-07 08586533 frs-core:PlantMachinery 2024-07-01 2024-07-07 08586533 frs-core:PlantMachinery 2024-06-30 08586533 frs-core:ShareCapital 2024-07-07 08586533 frs-core:RetainedEarningsAccumulatedLosses 2024-07-07 08586533 frs-bus:PrivateLimitedCompanyLtd 2024-07-01 2024-07-07 08586533 frs-bus:FilletedAccounts 2024-07-01 2024-07-07 08586533 frs-bus:SmallEntities 2024-07-01 2024-07-07 08586533 frs-bus:AuditExempt-NoAccountantsReport 2024-07-01 2024-07-07 08586533 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-01 2024-07-07 08586533 frs-bus:Director1 2024-07-01 2024-07-07 08586533 frs-bus:Director2 2024-07-01 2024-07-07 08586533 frs-countries:EnglandWales 2024-07-01 2024-07-07 08586533 2023-06-30 08586533 2024-06-30 08586533 2023-07-01 2024-06-30 08586533 frs-core:CurrentFinancialInstruments 2024-06-30 08586533 frs-core:ShareCapital 2024-06-30 08586533 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30
Registered number: 08586533
Sheen Doors Ltd
Unaudited Financial Statements
For the Period 1 July 2024 to 7 July 2024
Onpoint Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08586533
7 July 2024 30 June 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 64,059 64,249
64,059 64,249
CURRENT ASSETS
Stocks 5 2,010 2,010
Debtors 6 38,162 32,411
Cash at bank and in hand 445,796 460,696
485,968 495,117
Creditors: Amounts Falling Due Within One Year 7 (70,559 ) (65,734 )
NET CURRENT ASSETS (LIABILITIES) 415,409 429,383
TOTAL ASSETS LESS CURRENT LIABILITIES 479,468 493,632
NET ASSETS 479,468 493,632
CAPITAL AND RESERVES
Called up share capital 8 75 75
Profit and Loss Account 479,393 493,557
SHAREHOLDERS' FUNDS 479,468 493,632
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Page 2
For the period ending 7 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 Jamil Anakkar
Director
06/11/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Sheen Doors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08586533 . The registered office is Sheen Crigglestone Industrial Estate, High Street, Wakefield, West Yorkshire, WF4 3HT.
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:
Plant & Machinery 10% Straight Line
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.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 6 (2024: 6)
6 6
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 July 2024 98,466
As at 7 July 2024 98,466
Depreciation
As at 1 July 2024 34,217
Provided during the period 190
As at 7 July 2024 34,407
Net Book Value
As at 7 July 2024 64,059
As at 1 July 2024 64,249
5. Stocks
7 July 2024 30 June 2024
£ £
Stock 2,010 2,010
6. Debtors
7 July 2024 30 June 2024
£ £
Due within one year
Trade debtors 26,598 26,598
Other debtors 11,564 5,813
38,162 32,411
7. Creditors: Amounts Falling Due Within One Year
7 July 2024 30 June 2024
£ £
Trade creditors 36,525 31,700
Amounts owed to group undertakings 11,152 11,152
Other creditors - 1,119
Taxation and social security 22,882 21,763
70,559 65,734
8. Share Capital
7 July 2024 30 June 2024
£ £
Allotted, Called up and fully paid 75 75
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