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 05002130 Mrs D Evans Mr A Whitehorn Mrs B Whitehorn Mrs B Whitehorn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05002130 2023-06-30 05002130 2024-06-30 05002130 2023-07-01 2024-06-30 05002130 frs-core:CurrentFinancialInstruments 2024-06-30 05002130 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 05002130 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05002130 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 05002130 frs-core:ShareCapital 2024-06-30 05002130 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 05002130 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05002130 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 05002130 frs-bus:SmallEntities 2023-07-01 2024-06-30 05002130 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05002130 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 05002130 frs-core:UnlistedNon-exchangeTraded 2024-06-30 05002130 frs-core:UnlistedNon-exchangeTraded 2023-06-30 05002130 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-06-30 05002130 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 05002130 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 05002130 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-06-30 05002130 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-06-30 05002130 frs-core:DisposalsDecreaseInProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 05002130 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 05002130 frs-bus:Director1 2023-07-01 2024-06-30 05002130 frs-bus:Director2 2023-07-01 2024-06-30 05002130 frs-bus:Director2 2023-06-30 05002130 frs-bus:Director2 2024-06-30 05002130 frs-bus:Director3 2023-07-01 2024-06-30 05002130 frs-bus:Director3 2023-06-30 05002130 frs-bus:Director3 2024-06-30 05002130 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 05002130 frs-countries:EnglandWales 2023-07-01 2024-06-30 05002130 2022-06-30 05002130 2023-06-30 05002130 2022-07-01 2023-06-30 05002130 frs-core:CurrentFinancialInstruments 2023-06-30 05002130 frs-core:ShareCapital 2023-06-30 05002130 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 05002130
Springfields (UK) Limited
Financial Statements
For The Year Ended 30 June 2024
RT Accountancy Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05002130
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 498,060
Investments 5 1,054,274 959,809
1,054,274 1,457,869
CURRENT ASSETS
Debtors 6 2,788,000 2,448,718
Cash at bank and in hand 810,858 1,616,371
3,598,858 4,065,089
Creditors: Amounts Falling Due Within One Year 7 (320,573 ) (14,206 )
NET CURRENT ASSETS (LIABILITIES) 3,278,285 4,050,883
TOTAL ASSETS LESS CURRENT LIABILITIES 4,332,559 5,508,752
PROVISIONS FOR LIABILITIES
Deferred Taxation - (93,235 )
NET ASSETS 4,332,559 5,415,517
CAPITAL AND RESERVES
Called up share capital 8 15,004 15,004
Profit and Loss Account 4,317,555 5,400,513
SHAREHOLDERS' FUNDS 4,332,559 5,415,517
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
Mrs B Whitehorn
Director
24/03/2025
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
Springfields (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05002130
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
Rentals receivable under operating leases are credited to income on a straight line basis over the lease term.
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:
Freehold at variable rates on reducing balance
2.4. 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: 3 (2023: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 July 2023 650,000
Disposals (650,000 )
As at 30 June 2024 -
Depreciation
As at 1 July 2023 151,940
Disposals (151,940 )
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 498,060
5. Investments
Unlisted
£
Cost
As at 1 July 2023 742,077
Additions 544,656
Disposals (492,077 )
As at 30 June 2024 794,656
Provision
As at 1 July 2023 (217,732 )
Disposals (41,886 )
As at 30 June 2024 (259,618 )
Net Book Value
As at 30 June 2024 1,054,274
As at 1 July 2023 959,809
Fixed asset investments are stated at cost less provision for diminutation to market value.
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 13,457
Other debtors 2,788,000 2,435,261
2,788,000 2,448,718
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,783 1,601
Amounts owed to group undertakings 275,000 -
Other creditors 11,548 12,605
Taxation and social security 28,242 -
320,573 14,206
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 15,004 15,004
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mrs Deborah Evans 50,000 44,000 - - 94,000
Mr Andrew Whitehorn 163,750 127,710 - - 291,460
The above loan is unsecured, interest free and repayable on demand.
Page 5