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 09084187 Mr Stephen Whyte iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09084187 2023-06-30 09084187 2024-06-30 09084187 2023-07-01 2024-06-30 09084187 frs-core:CurrentFinancialInstruments 2024-06-30 09084187 frs-core:ComputerEquipment 2024-06-30 09084187 frs-core:ComputerEquipment 2023-07-01 2024-06-30 09084187 frs-core:ComputerEquipment 2023-06-30 09084187 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-30 09084187 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 09084187 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-30 09084187 frs-core:FurnitureFittings 2024-06-30 09084187 frs-core:FurnitureFittings 2023-07-01 2024-06-30 09084187 frs-core:FurnitureFittings 2023-06-30 09084187 frs-core:OtherResidualIntangibleAssets 2024-06-30 09084187 frs-core:OtherResidualIntangibleAssets 2023-07-01 2024-06-30 09084187 frs-core:OtherResidualIntangibleAssets 2023-06-30 09084187 frs-core:SharePremium 2024-06-30 09084187 frs-core:ShareCapital 2024-06-30 09084187 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 09084187 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09084187 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 09084187 frs-bus:SmallEntities 2023-07-01 2024-06-30 09084187 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09084187 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 09084187 frs-core:UnlistedNon-exchangeTraded 2024-06-30 09084187 frs-core:UnlistedNon-exchangeTraded 2023-06-30 09084187 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-06-30 09084187 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 09084187 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-06-30 09084187 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-06-30 09084187 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 09084187 frs-bus:Director1 2023-07-01 2024-06-30 09084187 frs-countries:EnglandWales 2023-07-01 2024-06-30 09084187 2022-06-30 09084187 2023-06-30 09084187 2022-07-01 2023-06-30 09084187 frs-core:CurrentFinancialInstruments 2023-06-30 09084187 frs-core:SharePremium 2023-06-30 09084187 frs-core:ShareCapital 2023-06-30 09084187 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 09084187
Schappit Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09084187
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 297,247 36,939
Tangible Assets 5 3,469 2,477
Investments 6 19,378 -
320,094 39,416
CURRENT ASSETS
Debtors 7 291,786 397,287
Cash at bank and in hand 42,983 575,137
334,769 972,424
Creditors: Amounts Falling Due Within One Year 8 (3,361,531 ) (3,232,340 )
NET CURRENT ASSETS (LIABILITIES) (3,026,762 ) (2,259,916 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,706,668 ) (2,220,500 )
NET LIABILITIES (2,706,668 ) (2,220,500 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Share premium account 94,980 94,980
Profit and Loss Account (2,801,649 ) (2,315,481 )
SHAREHOLDERS' FUNDS (2,706,668) (2,220,500)
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 Stephen Whyte
Director
25/03/2025
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
Schappit Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09084187 . The registered office is 79-93 Ratcliffe Road, Sileby, Loughborough, Leicestershire, LE12 7PU.
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 - Other Intangible
Other intangible assets are development costs. They are amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. 
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.5. 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 20% Straight Line
Computer Equipment 25% Straight Line
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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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: 27 (2023: 11)
27 11
4. Intangible Assets
Other Development Costs Total
£ £ £
Cost
As at 1 July 2023 1,030,847 36,939 1,067,786
Additions - 260,308 260,308
As at 30 June 2024 1,030,847 297,247 1,328,094
Amortisation
As at 1 July 2023 1,030,847 - 1,030,847
As at 30 June 2024 1,030,847 - 1,030,847
Net Book Value
As at 30 June 2024 - 297,247 297,247
As at 1 July 2023 - 36,939 36,939
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 - 14,443 14,443
Additions 816 1,434 2,250
Disposals - (1,857 ) (1,857 )
As at 30 June 2024 816 14,020 14,836
Depreciation
As at 1 July 2023 - 11,966 11,966
Provided during the period 163 1,095 1,258
Disposals - (1,857 ) (1,857 )
As at 30 June 2024 163 11,204 11,367
Net Book Value
As at 30 June 2024 653 2,816 3,469
As at 1 July 2023 - 2,477 2,477
Page 4
Page 5
6. Investments
Unlisted
£
Cost
As at 1 July 2023 -
Additions 19,378
As at 30 June 2024 19,378
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 19,378
As at 1 July 2023 -
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 246,244 373,929
Amounts owed by participating interests 23,104 3,430
Other debtors 22,438 19,928
291,786 397,287
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 14,158 41,759
Amounts owed to participating interests 707,940 406,156
Other creditors 2,524,948 2,528,515
Taxation and social security 114,485 255,910
3,361,531 3,232,340
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5