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 12032373 Ms Sarah Dawes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12032373 2023-06-30 12032373 2024-06-30 12032373 2023-07-01 2024-06-30 12032373 frs-core:CurrentFinancialInstruments 2024-06-30 12032373 frs-core:Non-currentFinancialInstruments 2024-06-30 12032373 frs-core:ComputerEquipment 2024-06-30 12032373 frs-core:ComputerEquipment 2023-07-01 2024-06-30 12032373 frs-core:ComputerEquipment 2023-06-30 12032373 frs-core:FurnitureFittings 2024-06-30 12032373 frs-core:FurnitureFittings 2023-07-01 2024-06-30 12032373 frs-core:FurnitureFittings 2023-06-30 12032373 frs-core:ShareCapital 2024-06-30 12032373 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12032373 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12032373 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12032373 frs-bus:SmallEntities 2023-07-01 2024-06-30 12032373 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12032373 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12032373 frs-bus:Director1 2023-07-01 2024-06-30 12032373 frs-countries:EnglandWales 2023-07-01 2024-06-30 12032373 2022-06-30 12032373 2023-06-30 12032373 2022-07-01 2023-06-30 12032373 frs-core:CurrentFinancialInstruments 2023-06-30 12032373 frs-core:Non-currentFinancialInstruments 2023-06-30 12032373 frs-core:ShareCapital 2023-06-30 12032373 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 12032373
Sarah Dawes Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Ten Forward Accounting Ltd
Chartered Certified Accountants
Suite 2A, 7th Floor
City Reach, 5 Greenwich View Place
London
E14 9NN
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 12032373
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,413 6,208
3,413 6,208
CURRENT ASSETS
Debtors 5 388,624 462,911
Cash at bank and in hand 217,425 342,028
606,049 804,939
Creditors: Amounts Falling Due Within One Year 6 (316,681 ) (426,072 )
NET CURRENT ASSETS (LIABILITIES) 289,368 378,867
TOTAL ASSETS LESS CURRENT LIABILITIES 292,781 385,075
Creditors: Amounts Falling Due After More Than One Year 7 (13,463 ) (23,374 )
NET ASSETS 279,318 361,701
CAPITAL AND RESERVES
Called up share capital 8 675 675
Income Statement 278,643 361,026
SHAREHOLDERS' FUNDS 279,318 361,701
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 her 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 Income Statement.
On behalf of the board
Ms Sarah Dawes
Director
19 March 2025
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
Sarah Dawes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12032373 . The registered office is Suite 2a, 7th Floor, City Reach, 5 Greenwich View Place, London, E14 9NN.
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:
Fixtures & Fittings 25% Straight Line Basis
Computer Equipment 25% Straight Line Basis
2.4. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
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.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 4,510 6,251 10,761
Disposals - (208 ) (208 )
As at 30 June 2024 4,510 6,043 10,553
Depreciation
As at 1 July 2023 2,255 2,298 4,553
Provided during the period 1,128 1,563 2,691
Disposals - (104 ) (104 )
As at 30 June 2024 3,383 3,757 7,140
Net Book Value
As at 30 June 2024 1,127 2,286 3,413
As at 1 July 2023 2,255 3,953 6,208
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 220,026 200,769
Prepayments and accrued income 145,563 220,656
VAT 23,035 41,486
388,624 462,911
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 273,212 331,909
Bank loans and overdrafts 10,648 10,648
Corporation tax - 11,745
Other taxes and social security 4,149 4,380
Other creditors 25,476 58,455
Accruals and deferred income 3,091 8,442
Director's loan account 105 493
316,681 426,072
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,463 23,374
On 16 October 2020, the company obtained an unsecured Bounce Back Loan from NatWest in the sum of £50,000. The loan is repayable over 72 months on a fixed interest rate of 2.5% from the date of the drawdown.
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 675 675
Page 5