Acorah Software Products - Accounts Production 16.2.850 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 04301240 Mr Alan Taggart Mrs Laura MacGillivray Mr Michael Denovellis S77c Mrs June Taggart iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04301240 2023-09-30 04301240 2024-09-30 04301240 2023-10-01 2024-09-30 04301240 frs-core:Non-currentFinancialInstruments 2024-09-30 04301240 frs-core:ComputerEquipment 2023-10-01 2024-09-30 04301240 frs-core:FurnitureFittings 2023-10-01 2024-09-30 04301240 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04301240 frs-core:MotorVehicles 2023-10-01 2024-09-30 04301240 frs-core:PlantMachinery 2023-10-01 2024-09-30 04301240 frs-core:SharePremium 2024-09-30 04301240 frs-core:ShareCapital 2024-09-30 04301240 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 04301240 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04301240 frs-bus:AbridgedAccounts 2023-10-01 2024-09-30 04301240 frs-bus:SmallEntities 2023-10-01 2024-09-30 04301240 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04301240 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04301240 frs-bus:Director1 2023-10-01 2024-09-30 04301240 frs-bus:Director2 2023-10-01 2024-09-30 04301240 frs-bus:Director3 2023-10-01 2024-09-30 04301240 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 04301240 frs-countries:EnglandWales 2023-10-01 2024-09-30 04301240 2022-09-30 04301240 2023-09-30 04301240 2022-10-01 2023-09-30 04301240 frs-core:Non-currentFinancialInstruments 2023-09-30 04301240 frs-core:SharePremium 2023-09-30 04301240 frs-core:ShareCapital 2023-09-30 04301240 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 04301240
System Information Technology Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 September 2024
SeavorChartered
Chartered Accountants & Tax Advisers
Clifford Court
Cooper Way
Carlisle
Cumbria
CA3 0JG
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 04301240
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 153,632 188,099
153,632 188,099
CURRENT ASSETS
Stocks 23,928 25,005
Debtors 339,905 328,720
Cash at bank and in hand 326,112 374,148
689,945 727,873
Creditors: Amounts Falling Due Within One Year (469,702 ) (428,459 )
NET CURRENT ASSETS (LIABILITIES) 220,243 299,414
TOTAL ASSETS LESS CURRENT LIABILITIES 373,875 487,513
Creditors: Amounts Falling Due After More Than One Year - (834 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,508 ) (13,891 )
NET ASSETS 365,367 472,788
CAPITAL AND RESERVES
Called up share capital 6 103 103
Share premium account 119,990 119,990
Profit and Loss Account 245,274 352,695
SHAREHOLDERS' FUNDS 365,367 472,788
Page 1
Page 2
For the year ending 30 September 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 September 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Alan Taggart
Director
10 March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
System Information Technology Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04301240 . The registered office is Warwick House. Allenbrook Road, Rosehill Industrial Estate, Carlisle, Cumbria, CA1 2UT.
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. 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
Plant & Machinery 25% reducing balance
Motor Vehicles 25% straight line
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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. Financial Instruments
A financial asset or financial liability is recognised initially at its fair value. At the end of each reporting period the fair value of each financial instrument is considered and changes in the fair value recognised in the profit or loss.

If a reliable measure of fair value is not available for an equity instrument its fair value at the last date the instrument was reliably measurable is treated as the cost of the instrument less impairment until a reliable measure of fair value becomes available.
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Page 4
2.7. Taxation
The tax charge represents the sum of the tax currently payable and deferred tax.
Corporation tax currently payable is based on taxable profit for the year. 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 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2023: 15)
17 15
4. Tangible Assets
Total
£
Cost
As at 1 October 2023 406,544
Additions 4,729
As at 30 September 2024 411,273
Depreciation
As at 1 October 2023 218,445
Provided during the period 39,196
As at 30 September 2024 257,641
Net Book Value
As at 30 September 2024 153,632
As at 1 October 2023 188,099
5. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 834 4,940
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 103 103
Page 4