Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10938196 Ms Margaret Everitt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10938196 2023-12-31 10938196 2024-12-31 10938196 2024-01-01 2024-12-31 10938196 frs-core:CurrentFinancialInstruments 2024-12-31 10938196 frs-core:Non-currentFinancialInstruments 2024-12-31 10938196 frs-core:ComputerEquipment 2024-12-31 10938196 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10938196 frs-core:ComputerEquipment 2023-12-31 10938196 frs-core:FurnitureFittings 2024-12-31 10938196 frs-core:FurnitureFittings 2024-01-01 2024-12-31 10938196 frs-core:FurnitureFittings 2023-12-31 10938196 frs-core:NetGoodwill 2024-12-31 10938196 frs-core:NetGoodwill 2024-01-01 2024-12-31 10938196 frs-core:NetGoodwill 2023-12-31 10938196 frs-core:MotorVehicles 2024-01-01 2024-12-31 10938196 frs-core:PlantMachinery 2024-12-31 10938196 frs-core:PlantMachinery 2024-01-01 2024-12-31 10938196 frs-core:PlantMachinery 2023-12-31 10938196 frs-core:SharePremium 2024-12-31 10938196 frs-core:ShareCapital 2024-12-31 10938196 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10938196 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10938196 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10938196 frs-bus:SmallEntities 2024-01-01 2024-12-31 10938196 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10938196 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10938196 frs-bus:Director1 2024-01-01 2024-12-31 10938196 frs-core:CurrentFinancialInstruments 1 2024-12-31 10938196 frs-core:CurrentFinancialInstruments 2 2024-12-31 10938196 frs-countries:EnglandWales 2024-01-01 2024-12-31 10938196 2022-12-31 10938196 2023-12-31 10938196 2023-01-01 2023-12-31 10938196 frs-core:CurrentFinancialInstruments 2023-12-31 10938196 frs-core:Non-currentFinancialInstruments 2023-12-31 10938196 frs-core:SharePremium 2023-12-31 10938196 frs-core:ShareCapital 2023-12-31 10938196 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10938196 frs-core:CurrentFinancialInstruments 1 2023-12-31 10938196 frs-core:CurrentFinancialInstruments 2 2023-12-31
Registered number: 10938196
24-7 Steller Packing Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10938196
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 65,702 70,082
Tangible Assets 5 155,290 133,641
220,992 203,723
CURRENT ASSETS
Stocks 6 - 28,929
Debtors 7 779,089 583,722
Cash at bank and in hand 453,568 443,694
1,232,657 1,056,345
Creditors: Amounts Falling Due Within One Year 8 (941,009 ) (668,447 )
NET CURRENT ASSETS (LIABILITIES) 291,648 387,898
TOTAL ASSETS LESS CURRENT LIABILITIES 512,640 591,621
Creditors: Amounts Falling Due After More Than One Year 9 - (238,370 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (124,665 ) (124,665 )
NET ASSETS 387,975 228,586
CAPITAL AND RESERVES
Called up share capital 10 100 100
Share premium account 49,900 49,900
Profit and Loss Account 337,975 178,586
SHAREHOLDERS' FUNDS 387,975 228,586
Page 1
Page 2
For the year ending 31 December 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 her 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
Ms Margaret Everitt
Director
4 April 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
24-7 Steller Packing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10938196 . The registered office is Unit V Paddock Wood Distribution Centre, Paddock Wood, Tonbridge, TN12 6UU.
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 20% reducing balance basis
Motor Vehicles 20% reducing balance basis
Fixtures & Fittings 20% reducing balance basis
Computer Equipment 20% reducing balance basis
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 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
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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: 28 (2023: 32)
28 32
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 87,602
As at 31 December 2024 87,602
Amortisation
As at 1 January 2024 17,520
Provided during the period 4,380
As at 31 December 2024 21,900
Net Book Value
As at 31 December 2024 65,702
As at 1 January 2024 70,082
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 148,600 133,586 25,493 307,679
Additions 20,040 34,070 6,362 60,472
As at 31 December 2024 168,640 167,656 31,855 368,151
Depreciation
As at 1 January 2024 74,584 85,808 13,646 174,038
Provided during the period 18,811 16,370 3,642 38,823
As at 31 December 2024 93,395 102,178 17,288 212,861
Net Book Value
As at 31 December 2024 75,245 65,478 14,567 155,290
As at 1 January 2024 74,016 47,778 11,847 133,641
6. Stocks
2024 2023
£ £
Stock - 28,929
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 574,742 402,159
Prepayments and accrued income 90,746 67,062
Other debtors 113,551 113,551
Other debtors - Employee Loan Account 50 950
779,089 583,722
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 278,511 230,949
Bank loans and overdrafts 19,151 29,240
Corporation tax 47,806 10,610
Other taxes and social security 26,750 42,548
VAT 90,976 104,286
Other creditors 246,462 246,912
Other creditors - Eden (50 ) 50
Other creditors - Pension 4,586 3,852
Accruals and deferred income 226,817 -
941,009 668,447
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
VAT - 238,370
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5