Acorah Software Products - Accounts Production 16.1.300 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 12962568 Mr James Medlam Mrs Lynsey Rose iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12962568 2023-10-31 12962568 2024-10-31 12962568 2023-11-01 2024-10-31 12962568 frs-core:CurrentFinancialInstruments 2024-10-31 12962568 frs-core:Non-currentFinancialInstruments 2024-10-31 12962568 frs-core:BetweenOneFiveYears 2024-10-31 12962568 frs-core:ComputerEquipment 2024-10-31 12962568 frs-core:ComputerEquipment 2023-11-01 2024-10-31 12962568 frs-core:ComputerEquipment 2023-10-31 12962568 frs-core:FurnitureFittings 2024-10-31 12962568 frs-core:FurnitureFittings 2023-11-01 2024-10-31 12962568 frs-core:FurnitureFittings 2023-10-31 12962568 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 12962568 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 12962568 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 12962568 frs-core:MotorVehicles 2024-10-31 12962568 frs-core:MotorVehicles 2023-11-01 2024-10-31 12962568 frs-core:MotorVehicles 2023-10-31 12962568 frs-core:PlantMachinery 2024-10-31 12962568 frs-core:PlantMachinery 2023-11-01 2024-10-31 12962568 frs-core:PlantMachinery 2023-10-31 12962568 frs-core:WithinOneYear 2024-10-31 12962568 frs-core:ShareCapital 2024-10-31 12962568 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 12962568 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12962568 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 12962568 frs-bus:SmallEntities 2023-11-01 2024-10-31 12962568 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12962568 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12962568 frs-core:DeferredTaxation 2023-11-01 2024-10-31 12962568 frs-core:DeferredTaxation 2023-10-31 12962568 frs-core:DeferredTaxation 2024-10-31 12962568 frs-bus:Director1 2023-11-01 2024-10-31 12962568 frs-bus:Director2 2023-11-01 2024-10-31 12962568 frs-core:CurrentFinancialInstruments 1 2024-10-31 12962568 frs-core:CurrentFinancialInstruments 2 2024-10-31 12962568 frs-core:CurrentFinancialInstruments 3 2024-10-31 12962568 frs-countries:EnglandWales 2023-11-01 2024-10-31 12962568 2022-10-31 12962568 2023-10-31 12962568 2022-11-01 2023-10-31 12962568 frs-core:CurrentFinancialInstruments 2023-10-31 12962568 frs-core:Non-currentFinancialInstruments 2023-10-31 12962568 frs-core:BetweenOneFiveYears 2023-10-31 12962568 frs-core:MotorVehicles 2022-11-01 2023-10-31 12962568 frs-core:WithinOneYear 2023-10-31 12962568 frs-core:ShareCapital 2023-10-31 12962568 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12962568 frs-core:CurrentFinancialInstruments 1 2023-10-31 12962568 frs-core:CurrentFinancialInstruments 2 2023-10-31 12962568 frs-core:CurrentFinancialInstruments 3 2023-10-31
Registered number: 12962568
Sprint Renewables Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
DEB Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12962568
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 472,293 141,164
472,293 141,164
CURRENT ASSETS
Stocks 50,000 50,000
Debtors 5 1,881,408 2,160,300
Cash at bank and in hand 1,303,201 684,406
3,234,609 2,894,706
Creditors: Amounts Falling Due Within One Year 6 (1,824,260 ) (1,337,163 )
NET CURRENT ASSETS (LIABILITIES) 1,410,349 1,557,543
TOTAL ASSETS LESS CURRENT LIABILITIES 1,882,642 1,698,707
Creditors: Amounts Falling Due After More Than One Year 7 - (4,842 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (36,865 ) (35,291 )
NET ASSETS 1,845,777 1,658,574
CAPITAL AND RESERVES
Called up share capital 11 4 4
Profit and Loss Account 1,845,773 1,658,570
SHAREHOLDERS' FUNDS 1,845,777 1,658,574
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For the year ending 31 October 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
Mrs Lynsey Rose
Director
10/03/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Sprint Renewables Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12962568 . The registered office is DEB House, 19 Middlewoods Way, Wharncliffe Business Park, Carlton, Barnsley, S71 3HR.
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:
Freehold 25 year Straight line
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Office Equipment 25% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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.
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2.6. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 5)
8 5
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 November 2023 - 3,190 177,860 6,142
Additions 338,366 - 55,450 -
As at 31 October 2024 338,366 3,190 233,310 6,142
Depreciation
As at 1 November 2023 - 1,844 44,465 1,536
Provided during the period 13,535 336 47,210 1,152
As at 31 October 2024 13,535 2,180 91,675 2,688
Net Book Value
As at 31 October 2024 324,831 1,010 141,635 3,454
As at 1 November 2023 - 1,346 133,395 4,606
Office Equipment Total
£ £
Cost
As at 1 November 2023 2,422 189,614
Additions - 393,816
As at 31 October 2024 2,422 583,430
...CONTINUED
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Page 5
Depreciation
As at 1 November 2023 605 48,450
Provided during the period 454 62,687
As at 31 October 2024 1,059 111,137
Net Book Value
As at 31 October 2024 1,363 472,293
As at 1 November 2023 1,817 141,164
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles - 108,704
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 572,918 1,029,891
Prepayments and accrued income 77,661 11,978
Bond 3,000 3,000
Other Debtors 22,000 -
VAT - 114,383
Amounts owed by associates 1,205,829 1,001,048
1,881,408 2,160,300
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 11,595
Trade creditors 1,280,233 571,213
Corporation tax 430,762 691,007
PAYE & CIS 24,976 23,180
VAT 52,482 -
Pension creditor 1,051 666
Accruals and deferred income 34,400 39,146
Directors' loan accounts 356 356
1,824,260 1,337,163
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 4,842
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8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 11,595
Later than one year and not later than five years - 4,842
- 16,437
- 16,437
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 36,865 35,291
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 November 2023 35,291 35,291
Additions 1,574 1,574
Balance at 31 October 2024 36,865 36,865
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 59,850 55,750
Later than one year and not later than five years 32,812 86,562
92,662 142,312
13. Related Party Transactions
The company is controlled by Mr J Medlam and Mrs L Rose, directors & shareholders of the company.
The balance on the directors' loan account of Mrs L Rose at 31st October 2024 was £356 due from the company (2023 - £356).
During the year the company paid accommodation costs to Elite Holiday Lettings Ltd totalling £38,750 (2023 - £177,517).
L Rose and J Medlam are directors and shareholders of Elite Holiday Lettings Ltd.
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