Acorah Software Products - Accounts Production 16.1.300 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 11794994 Mr Chaim Sholem Weisman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11794994 2023-01-31 11794994 2024-01-31 11794994 2023-02-01 2024-01-31 11794994 frs-core:CurrentFinancialInstruments 2024-01-31 11794994 frs-core:Non-currentFinancialInstruments 2024-01-31 11794994 frs-core:BetweenOneFiveYears 2024-01-31 11794994 frs-core:ComputerEquipment 2024-01-31 11794994 frs-core:ComputerEquipment 2023-02-01 2024-01-31 11794994 frs-core:ComputerEquipment 2023-01-31 11794994 frs-core:FurnitureFittings 2024-01-31 11794994 frs-core:FurnitureFittings 2023-02-01 2024-01-31 11794994 frs-core:FurnitureFittings 2023-01-31 11794994 frs-core:MotorVehicles 2024-01-31 11794994 frs-core:MotorVehicles 2023-02-01 2024-01-31 11794994 frs-core:MotorVehicles 2023-01-31 11794994 frs-core:WithinOneYear 2024-01-31 11794994 frs-core:ShareCapital 2024-01-31 11794994 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11794994 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11794994 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11794994 frs-bus:SmallEntities 2023-02-01 2024-01-31 11794994 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11794994 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11794994 frs-bus:Director1 2023-02-01 2024-01-31 11794994 frs-countries:EnglandWales 2023-02-01 2024-01-31 11794994 2022-01-31 11794994 2023-01-31 11794994 2022-02-01 2023-01-31 11794994 frs-core:CurrentFinancialInstruments 2023-01-31 11794994 frs-core:Non-currentFinancialInstruments 2023-01-31 11794994 frs-core:BetweenOneFiveYears 2023-01-31 11794994 frs-core:WithinOneYear 2023-01-31 11794994 frs-core:ShareCapital 2023-01-31 11794994 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 11794994
Setonia Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11794994
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,946 9,262
6,946 9,262
CURRENT ASSETS
Debtors 5 93,984 91,632
Cash at bank and in hand 12,048 29
106,032 91,661
Creditors: Amounts Falling Due Within One Year 6 (147,808 ) (126,305 )
NET CURRENT ASSETS (LIABILITIES) (41,776 ) (34,644 )
TOTAL ASSETS LESS CURRENT LIABILITIES (34,830 ) (25,382 )
Creditors: Amounts Falling Due After More Than One Year 7 (23,996 ) (29,108 )
NET LIABILITIES (58,826 ) (54,490 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (58,926 ) (54,590 )
SHAREHOLDERS' FUNDS (58,826) (54,490)
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For the year ending 31 January 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 Chaim Sholem Weisman
Director
06/03/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Setonia Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11794994 . The registered office is 4b Vartry Road, London, N15 6PT.
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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 13,500 822 2,786 17,108
As at 31 January 2024 13,500 822 2,786 17,108
Depreciation
As at 1 February 2023 5,906 359 1,581 7,846
Provided during the period 1,899 116 301 2,316
As at 31 January 2024 7,805 475 1,882 10,162
Net Book Value
As at 31 January 2024 5,695 347 904 6,946
As at 1 February 2023 7,594 463 1,205 9,262
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 56,630 62,864
Other debtors 37,354 26,329
Corporation tax recoverable assets - 388
Directors' loan accounts - 2,051
93,984 91,632
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,540 2,540
Trade creditors 9,965 15,392
Bank loans and overdrafts 4,032 7,608
VAT 37,673 30,015
Other creditors 59,045 55,035
Accruals and deferred income 1,450 1,400
Directors' loan accounts 33,103 14,315
147,808 126,305
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,503 10,160
Bank loans 18,493 18,948
23,996 29,108
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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 2,540 2,540
Later than one year and not later than five years 5,503 10,160
8,043 12,700
8,043 12,700
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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