Acorah Software Products - Accounts Production 16.2.800 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 04382669 Mr N Bromage Mr S Wright iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04382669 2023-05-31 04382669 2024-05-31 04382669 2023-06-01 2024-05-31 04382669 frs-core:CurrentFinancialInstruments 2024-05-31 04382669 frs-core:Non-currentFinancialInstruments 2024-05-31 04382669 frs-core:ComputerEquipment 2023-06-01 2024-05-31 04382669 frs-core:FurnitureFittings 2023-06-01 2024-05-31 04382669 frs-core:LandBuildings 2024-05-31 04382669 frs-core:LandBuildings 2023-06-01 2024-05-31 04382669 frs-core:LandBuildings 2023-05-31 04382669 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04382669 frs-core:PlantMachinery 2024-05-31 04382669 frs-core:PlantMachinery 2023-06-01 2024-05-31 04382669 frs-core:PlantMachinery 2023-05-31 04382669 frs-core:ShareCapital 2024-05-31 04382669 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 04382669 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 04382669 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 04382669 frs-bus:SmallEntities 2023-06-01 2024-05-31 04382669 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 04382669 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 04382669 frs-bus:Director1 2023-06-01 2024-05-31 04382669 frs-bus:Director2 2023-06-01 2024-05-31 04382669 frs-countries:EnglandWales 2023-06-01 2024-05-31 04382669 2022-05-31 04382669 2023-05-31 04382669 2022-06-01 2023-05-31 04382669 frs-core:CurrentFinancialInstruments 2023-05-31 04382669 frs-core:Non-currentFinancialInstruments 2023-05-31 04382669 frs-core:ShareCapital 2023-05-31 04382669 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 04382669
Syndicut Communications Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04382669
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 234,760 238,711
234,760 238,711
CURRENT ASSETS
Debtors 5 310,656 299,560
Cash at bank and in hand 34,886 58,021
345,542 357,581
Creditors: Amounts Falling Due Within One Year 6 (181,244 ) (188,484 )
NET CURRENT ASSETS (LIABILITIES) 164,298 169,097
TOTAL ASSETS LESS CURRENT LIABILITIES 399,058 407,808
Creditors: Amounts Falling Due After More Than One Year 7 (122,162 ) (157,712 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,804 ) (3,291 )
NET ASSETS 273,092 246,805
CAPITAL AND RESERVES
Called up share capital 8 1,500 1,500
Profit and Loss Account 271,592 245,305
SHAREHOLDERS' FUNDS 273,092 246,805
Page 1
Page 2
For the year ending 31 May 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 S Wright
Director
27 March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Syndicut Communications Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04382669 . The registered office is 2 The Old Estate Yard High Street, East Hendred, Wantage, Oxfordshire, OX12 8JY.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary 
amounts in these financial statements are rounded to the nearest £.
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 rendering of services. Turnover is reduced for estimated customer rebates and other similar allowances.
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:
Freehold 2% straight line
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% straight line
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: 14 (2023: 14)
14 14
Page 3
Page 4
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 June 2023 257,340 151,552 408,892
Additions - 10,731 10,731
As at 31 May 2024 257,340 162,283 419,623
Depreciation
As at 1 June 2023 32,648 137,533 170,181
Provided during the period 5,147 9,535 14,682
As at 31 May 2024 37,795 147,068 184,863
Net Book Value
As at 31 May 2024 219,545 15,215 234,760
As at 1 June 2023 224,692 14,019 238,711
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 305,156 297,034
Other debtors 5,500 2,526
310,656 299,560
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 19,679 31,760
Bank loans and overdrafts 35,101 25,356
Other creditors 15,407 14,325
Taxation and social security 111,057 117,043
181,244 188,484
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 117,162 152,712
Other loans 5,000 5,000
122,162 157,712
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,500 1,500
Page 4