Acorah Software Products - Accounts Production 16.1.300 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 07504375 Mr Phil Spence iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07504375 2024-01-31 07504375 2025-01-31 07504375 2024-02-01 2025-01-31 07504375 frs-core:CurrentFinancialInstruments 2025-01-31 07504375 frs-core:Non-currentFinancialInstruments 2025-01-31 07504375 frs-core:NetGoodwill 2025-01-31 07504375 frs-core:NetGoodwill 2024-02-01 2025-01-31 07504375 frs-core:NetGoodwill 2024-01-31 07504375 frs-core:MotorVehicles 2025-01-31 07504375 frs-core:MotorVehicles 2024-02-01 2025-01-31 07504375 frs-core:MotorVehicles 2024-01-31 07504375 frs-core:PlantMachinery 2025-01-31 07504375 frs-core:PlantMachinery 2024-02-01 2025-01-31 07504375 frs-core:PlantMachinery 2024-01-31 07504375 frs-core:ShareCapital 2025-01-31 07504375 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 07504375 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 07504375 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 07504375 frs-bus:SmallEntities 2024-02-01 2025-01-31 07504375 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 07504375 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 07504375 frs-bus:Director1 2024-02-01 2025-01-31 07504375 frs-countries:EnglandWales 2024-02-01 2025-01-31 07504375 2023-01-31 07504375 2024-01-31 07504375 2023-02-01 2024-01-31 07504375 frs-core:CurrentFinancialInstruments 2024-01-31 07504375 frs-core:Non-currentFinancialInstruments 2024-01-31 07504375 frs-core:ShareCapital 2024-01-31 07504375 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 07504375
Southwick Print Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Tasker Osman & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07504375
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 6,868 8,266
6,868 8,266
CURRENT ASSETS
Stocks 6 1,260 1,480
Debtors 7 6,601 9,043
Cash at bank and in hand 1,104 1,330
8,965 11,853
Creditors: Amounts Falling Due Within One Year 8 (8,302 ) (8,612 )
NET CURRENT ASSETS (LIABILITIES) 663 3,241
TOTAL ASSETS LESS CURRENT LIABILITIES 7,531 11,507
Creditors: Amounts Falling Due After More Than One Year 9 (5,083 ) (8,318 )
NET ASSETS 2,448 3,189
CAPITAL AND RESERVES
Called up share capital 10 20 20
Profit and Loss Account 2,428 3,169
SHAREHOLDERS' FUNDS 2,448 3,189
Page 1
Page 2
For the year ending 31 January 2025 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 Phil Spence
Director
28/03/2025
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
Southwick Print Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07504375 . The registered office is Office 4, Cavendish House, New Road, Newhaven, East Sussex, BN9 0EH.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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 15%
Motor Vehicles 25%
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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 year 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
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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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 1 (2024: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2024 15,000
As at 31 January 2025 15,000
Amortisation
As at 1 February 2024 15,000
As at 31 January 2025 15,000
Net Book Value
As at 31 January 2025 -
As at 1 February 2024 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 February 2024 36,069 3,735 39,804
As at 31 January 2025 36,069 3,735 39,804
Depreciation
As at 1 February 2024 29,379 2,159 31,538
Provided during the period 1,004 394 1,398
As at 31 January 2025 30,383 2,553 32,936
Net Book Value
As at 31 January 2025 5,686 1,182 6,868
As at 1 February 2024 6,690 1,576 8,266
6. Stocks
2025 2024
£ £
Materials 1,260 1,480
Page 4
Page 5
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,379 5,801
Prepayments and accrued income 222 242
Other debtors 3,000 3,000
6,601 9,043
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 4,857 4,699
Corporation tax 224 676
Other taxes and social security 122 -
VAT 10 149
Accruals and deferred income 830 830
Director's loan account 2,259 2,258
8,302 8,612
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Loans 5,083 8,318
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 20 20
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