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 04020881 Mr Michael Sears Mr Michael Sears iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04020881 2023-06-30 04020881 2024-06-30 04020881 2023-07-01 2024-06-30 04020881 frs-core:CurrentFinancialInstruments 2024-06-30 04020881 frs-core:Non-currentFinancialInstruments 2024-06-30 04020881 frs-core:ComputerEquipment 2024-06-30 04020881 frs-core:ComputerEquipment 2023-07-01 2024-06-30 04020881 frs-core:ComputerEquipment 2023-06-30 04020881 frs-core:FurnitureFittings 2024-06-30 04020881 frs-core:FurnitureFittings 2023-07-01 2024-06-30 04020881 frs-core:FurnitureFittings 2023-06-30 04020881 frs-core:NetGoodwill 2024-06-30 04020881 frs-core:NetGoodwill 2023-07-01 2024-06-30 04020881 frs-core:NetGoodwill 2023-06-30 04020881 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 04020881 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 04020881 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04020881 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 04020881 frs-core:MotorVehicles 2024-06-30 04020881 frs-core:MotorVehicles 2023-07-01 2024-06-30 04020881 frs-core:MotorVehicles 2023-06-30 04020881 frs-core:WithinOneYear 2024-06-30 04020881 frs-core:ShareCapital 2024-06-30 04020881 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 04020881 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04020881 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 04020881 frs-bus:SmallEntities 2023-07-01 2024-06-30 04020881 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04020881 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04020881 frs-bus:Director1 2023-07-01 2024-06-30 04020881 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 04020881 frs-countries:EnglandWales 2023-07-01 2024-06-30 04020881 2022-06-30 04020881 2023-06-30 04020881 2022-07-01 2023-06-30 04020881 frs-core:CurrentFinancialInstruments 2023-06-30 04020881 frs-core:Non-currentFinancialInstruments 2023-06-30 04020881 frs-core:WithinOneYear 2023-06-30 04020881 frs-core:ShareCapital 2023-06-30 04020881 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 04020881
Sealeys Estate Agents Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Blue Rocket Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04020881
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 287,707 320,936
Tangible Assets 5 41,322 29,464
329,029 350,400
CURRENT ASSETS
Debtors 6 64,887 67,137
Cash at bank and in hand 156,571 175,614
221,458 242,751
Creditors: Amounts Falling Due Within One Year 7 (146,978 ) (203,030 )
NET CURRENT ASSETS (LIABILITIES) 74,480 39,721
TOTAL ASSETS LESS CURRENT LIABILITIES 403,509 390,121
Creditors: Amounts Falling Due After More Than One Year 8 - (32,396 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,886 ) (7,681 )
NET ASSETS 394,623 350,044
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account 394,613 350,034
SHAREHOLDERS' FUNDS 394,623 350,044
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 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
Mr Michael Sears
Director
17/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sealeys Estate Agents Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04020881 . The registered office is 184 Parrock Street, Gravesend, Kent, DA12 1EN.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
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:
Freehold 25% on reducing balance
Leasehold 25% on reducing balance
Motor Vehicles 33% on cost
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.5. 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.
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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 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 year was:2023-24 20 (2023: )
20 -
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 443,051
As at 30 June 2024 443,051
Amortisation
As at 1 July 2023 122,115
Provided during the period 33,229
As at 30 June 2024 155,344
Net Book Value
As at 30 June 2024 287,707
As at 1 July 2023 320,936
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 27,308 28,601 19,945 30,074 105,928
Additions - 26,599 - 1,538 28,137
Disposals - (28,601 ) - - (28,601 )
As at 30 June 2024 27,308 26,599 19,945 31,612 105,464
Depreciation
As at 1 July 2023 22,447 28,601 14,190 11,226 76,464
...CONTINUED
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Page 5
Provided during the period 1,215 8,778 1,438 4,848 16,279
Disposals - (28,601 ) - - (28,601 )
As at 30 June 2024 23,662 8,778 15,628 16,074 64,142
Net Book Value
As at 30 June 2024 3,646 17,821 4,317 15,538 41,322
As at 1 July 2023 4,861 - 5,755 18,848 29,464
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 21,789 38,132
Amounts owed by participating interests 40,100 20,251
Other debtors 2,998 8,754
64,887 67,137
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,687 -
Trade creditors 29,007 19,327
Bank loans and overdrafts 861 -
Other creditors 21,782 70,251
Taxation and social security 80,641 113,452
146,978 203,030
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors - 32,396
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 14,687 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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