Acorah Software Products - Accounts Production 16.2.800 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10665733 Joshua Nusenbaum Serge Schrurs iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10665733 2023-03-31 10665733 2024-03-31 10665733 2023-04-01 2024-03-31 10665733 frs-core:CurrentFinancialInstruments 2024-03-31 10665733 frs-core:Non-currentFinancialInstruments 2024-03-31 10665733 frs-core:PlantMachinery 2024-03-31 10665733 frs-core:PlantMachinery 2023-04-01 2024-03-31 10665733 frs-core:PlantMachinery 2023-03-31 10665733 frs-core:ShareCapital 2024-03-31 10665733 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10665733 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10665733 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10665733 frs-bus:SmallEntities 2023-04-01 2024-03-31 10665733 frs-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10665733 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10665733 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 10665733 frs-bus:OrdinaryShareClass1 2024-03-31 10665733 frs-bus:Director1 2023-04-01 2024-03-31 10665733 frs-bus:Director2 2023-04-01 2024-03-31 10665733 frs-countries:EnglandWales 2023-04-01 2024-03-31 10665733 2022-03-31 10665733 2023-03-31 10665733 2022-04-01 2023-03-31 10665733 frs-core:CurrentFinancialInstruments 2023-03-31 10665733 frs-core:Non-currentFinancialInstruments 2023-03-31 10665733 frs-core:ShareCapital 2023-03-31 10665733 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 10665733 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31
Registered number: 10665733
Seff Fibre Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Contents
Page
Company Information 1
Accountants' Report 2
Statement of Financial Position 3—4
Notes to the Financial Statements 5—7
Page 1
Company Information
Directors Joshua Nusenbaum
Serge Schrurs
Company Number 10665733
Registered Office The Fairways
83 Primley Park Road
Leeds
LS17 7HR
Accountants Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Page 1
Page 2
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Seff Fibre Limited For The Year Ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Seff Fibre Limited For The Year Ended 31 March 2024 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Seff Fibre Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Seff Fibre Limited and state those matters that we have agreed to state to the directors of Seff Fibre Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Seff Fibre Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Seff Fibre Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Seff Fibre Limited . You consider that Seff Fibre Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Seff Fibre Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
28/03/2025
Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Page 2
Page 3
Statement of Financial Position
Registered number: 10665733
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 143,155 159,061
143,155 159,061
CURRENT ASSETS
Debtors 5 162 217
162 217
Creditors: Amounts Falling Due Within One Year 6 (1,000 ) -
NET CURRENT ASSETS (LIABILITIES) (838 ) 217
TOTAL ASSETS LESS CURRENT LIABILITIES 142,317 159,278
Creditors: Amounts Falling Due After More Than One Year 7 (512,990 ) (466,237 )
NET LIABILITIES (370,673 ) (306,959 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Income Statement (370,674 ) (306,960 )
SHAREHOLDERS' FUNDS (370,673) (306,959)
Page 3
Page 4
For the year ending 31 March 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 Income Statement.
On behalf of the board
Joshua Nusenbaum
Director
28/03/2025
The notes on pages 5 to 7 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Seff Fibre Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10665733 . The registered office is The Fairways, 83 Primley Park Road, Leeds, LS17 7HR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
2.2. Going Concern Disclosure
The company has full support from its Directors and therefore is deemed a going concern.
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:
Plant & Machinery 10% reducing balance
2.4. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
...CONTINUED
Page 5
Page 6
2.4. Financial Instruments - continued
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 269,078
As at 31 March 2024 269,078
Depreciation
As at 1 April 2023 110,017
Provided during the period 15,906
As at 31 March 2024 125,923
Net Book Value
As at 31 March 2024 143,155
As at 1 April 2023 159,061
5. Debtors
2024 2023
£ £
Due within one year
VAT 162 217
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 1,000 -
Page 6
Page 7
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 366,370 337,453
Directors loan account 146,620 128,784
512,990 466,237
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
10 Ordinary Shares of £ 0.10 each 1 1
Page 7