Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 04802839 Mr Gary Lepley Mrs Haruko Lepley Mrs Haruko Lepley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04802839 2023-06-30 04802839 2024-06-30 04802839 2023-07-01 2024-06-30 04802839 frs-core:CurrentFinancialInstruments 2024-06-30 04802839 frs-core:Non-currentFinancialInstruments 2024-06-30 04802839 frs-core:BetweenOneFiveYears 2024-06-30 04802839 frs-core:ComputerEquipment 2024-06-30 04802839 frs-core:ComputerEquipment 2023-07-01 2024-06-30 04802839 frs-core:ComputerEquipment 2023-06-30 04802839 frs-core:FurnitureFittings 2024-06-30 04802839 frs-core:FurnitureFittings 2023-07-01 2024-06-30 04802839 frs-core:FurnitureFittings 2023-06-30 04802839 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 04802839 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 04802839 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-30 04802839 frs-core:MoreThanFiveYears 2024-06-30 04802839 frs-core:MotorVehicles 2024-06-30 04802839 frs-core:MotorVehicles 2023-07-01 2024-06-30 04802839 frs-core:MotorVehicles 2023-06-30 04802839 frs-core:PlantMachinery 2024-06-30 04802839 frs-core:PlantMachinery 2023-07-01 2024-06-30 04802839 frs-core:PlantMachinery 2023-06-30 04802839 frs-core:WithinOneYear 2024-06-30 04802839 frs-core:CapitalRedemptionReserve 2024-06-30 04802839 frs-core:ShareCapital 2024-06-30 04802839 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 04802839 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04802839 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 04802839 frs-bus:SmallEntities 2023-07-01 2024-06-30 04802839 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04802839 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04802839 frs-bus:Director1 2023-07-01 2024-06-30 04802839 frs-bus:Director2 2023-07-01 2024-06-30 04802839 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 04802839 frs-countries:EnglandWales 2023-07-01 2024-06-30 04802839 2022-06-30 04802839 2023-06-30 04802839 2022-07-01 2023-06-30 04802839 frs-core:CurrentFinancialInstruments 2023-06-30 04802839 frs-core:Non-currentFinancialInstruments 2023-06-30 04802839 frs-core:BetweenOneFiveYears 2023-06-30 04802839 frs-core:MoreThanFiveYears 2023-06-30 04802839 frs-core:WithinOneYear 2023-06-30 04802839 frs-core:CapitalRedemptionReserve 2023-06-30 04802839 frs-core:ShareCapital 2023-06-30 04802839 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 04802839
Smart Directions Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
James Walsh Accountant Limited
Association of International Accountants
19 Titan Court Laporte Way
Luton
Beds
LU4 8EF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 04802839
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 35,048 33,230
35,048 33,230
CURRENT ASSETS
Debtors 5 683,400 633,380
Cash at bank and in hand 278,363 459,252
961,763 1,092,632
Creditors: Amounts Falling Due Within One Year 6 (404,209 ) (471,086 )
NET CURRENT ASSETS (LIABILITIES) 557,554 621,546
TOTAL ASSETS LESS CURRENT LIABILITIES 592,602 654,776
Creditors: Amounts Falling Due After More Than One Year 7 (53,803 ) (162,223 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (8,383 ) (7,803 )
NET ASSETS 530,416 484,750
CAPITAL AND RESERVES
Called up share capital 9 103 103
Capital redemption reserve 103 103
Profit and Loss Account 530,210 484,544
SHAREHOLDERS' FUNDS 530,416 484,750
Page 1
Page 2
For the year ending 30 June 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 Gary Lepley
Director
17th March 2025
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Smart Directions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04802839 . The registered office is 19 Titan Court Laporte Way, Luton, Beds, LU4 8EF.
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:
Leasehold 25% reducing balance method
Plant & Machinery 25% reducing balance method
Motor Vehicles 25% reducing balance method
Fixtures & Fittings 25% reducing balance method
Computer Equipment 25% Reducing balance method
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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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 year 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 asset reflects 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 11)
13 11
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 July 2023 6,388 9,276 32,473 2,490
Additions - 1,049 8,500 -
Disposals - - - -
As at 30 June 2024 6,388 10,325 40,973 2,490
Depreciation
As at 1 July 2023 4,367 4,219 24,920 963
Provided during the period 505 1,411 3,969 382
Disposals - - - -
As at 30 June 2024 4,872 5,630 28,889 1,345
Net Book Value
As at 30 June 2024 1,516 4,695 12,084 1,145
As at 1 July 2023 2,021 5,057 7,553 1,527
Computer Equipment Total
£ £
Cost
As at 1 July 2023 32,469 83,096
Additions 3,938 13,487
Disposals (483 ) (483 )
As at 30 June 2024 35,924 96,100
Depreciation
As at 1 July 2023 15,397 49,866
Provided during the period 4,956 11,223
Disposals (37 ) (37 )
As at 30 June 2024 20,316 61,052
Net Book Value
As at 30 June 2024 15,608 35,048
As at 1 July 2023 17,072 33,230
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 644,777 589,339
Prepayments and accrued income 14,847 16,370
Other debtors 23,776 27,671
683,400 633,380
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 233,890 275,427
Bank loans and overdrafts 108,810 104,729
Corporation tax 42,532 65,707
Other taxes and social security 6,331 8,402
VAT 4,809 8,448
Other creditors 1,340 2,428
Accruals and deferred income 6,497 5,945
404,209 471,086
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 53,803 162,223
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 8,383 7,803
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 103 103
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 40,952 39,365
Later than one year and not later than five years 68,877 103,102
Later than five years 1,369 8,096
111,198 150,563
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11. Pension Commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £1,340 (2023: £1,531) were due to the fund. They are included in Other Creditors.
12. Directors Advances, Credits and Guarantees
Dividends paid to directors:
2024 2023
£ £
Mr Gary Lepley 40,950 39,920
Mrs Haruko Lepley 41,250 38,000
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