Acorah Software Products - Accounts Production 16.1.300 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 06665434 S Pearce iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06665434 2023-08-31 06665434 2024-08-31 06665434 2023-09-01 2024-08-31 06665434 frs-core:CurrentFinancialInstruments 2024-08-31 06665434 frs-core:Non-currentFinancialInstruments 2024-08-31 06665434 frs-core:ComputerEquipment 2024-08-31 06665434 frs-core:ComputerEquipment 2023-09-01 2024-08-31 06665434 frs-core:ComputerEquipment 2023-08-31 06665434 frs-core:ShareCapital 2024-08-31 06665434 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 06665434 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06665434 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 06665434 frs-bus:SmallEntities 2023-09-01 2024-08-31 06665434 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 06665434 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 06665434 frs-bus:Director1 2023-09-01 2024-08-31 06665434 frs-countries:EnglandWales 2023-09-01 2024-08-31 06665434 2022-08-31 06665434 2023-08-31 06665434 2022-09-01 2023-08-31 06665434 frs-core:CurrentFinancialInstruments 2023-08-31 06665434 frs-core:Non-currentFinancialInstruments 2023-08-31 06665434 frs-core:ShareCapital 2023-08-31 06665434 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 06665434
Steven Pearce Associates Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06665434
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,776 2,368
1,776 2,368
CURRENT ASSETS
Debtors 5 103,652 107,396
Cash at bank and in hand 30,932 34,243
134,584 141,639
Creditors: Amounts Falling Due Within One Year 6 (18,152 ) (19,592 )
NET CURRENT ASSETS (LIABILITIES) 116,432 122,047
TOTAL ASSETS LESS CURRENT LIABILITIES 118,208 124,415
Creditors: Amounts Falling Due After More Than One Year 7 (121,080 ) (123,327 )
NET (LIABILITIES)/ASSETS (2,872 ) 1,088
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account (3,872 ) 88
SHAREHOLDERS' FUNDS (2,872) 1,088
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For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
S Pearce
Director
20 March 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
Steven Pearce Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06665434 . The registered office is C/O Milsted Langdon Llp, Winchester House, Deane Gate Avenue, Taunton, TA1 2UH.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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:
Computer Equipment 25% Reducing Balance
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 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: 1 (2023: 1)
1 1
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2023 2,732
As at 31 August 2024 2,732
Depreciation
As at 1 September 2023 364
Provided during the period 592
As at 31 August 2024 956
Net Book Value
As at 31 August 2024 1,776
As at 1 September 2023 2,368
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 1,498
Amounts owed by group undertakings 103,652 105,898
103,652 107,396
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 3,825 3,828
Other creditors 13,740 15,189
Taxation and social security 587 575
18,152 19,592
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 20,513 24,335
Other loans 100,567 98,992
121,080 123,327
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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9. Related Party Transactions
At the end of the financial year, the company owed its Director £9,300 (2023: £9,385). This loan is interest free and is repayable on demand. 
The comapny maintained a loan with its parent company. The loan was interest free and is repayable on demand. The amount due from the parent at the balance sheet date was £103,652 (2023: 105,502).
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