Acorah Software Products - Accounts Production 16.1.200 false true true 29 April 2023 30 April 2022 false 30 April 2023 29 April 2024 29 April 2024 08018907 Mr CLIVE SEFTON iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08018907 2023-04-29 08018907 2024-04-29 08018907 2023-04-30 2024-04-29 08018907 frs-core:CurrentFinancialInstruments 2024-04-29 08018907 frs-core:Non-currentFinancialInstruments 2024-04-29 08018907 frs-core:PlantMachinery 2024-04-29 08018907 frs-core:PlantMachinery 2023-04-30 2024-04-29 08018907 frs-core:PlantMachinery 2023-04-29 08018907 frs-core:ShareCapital 2024-04-29 08018907 frs-core:RetainedEarningsAccumulatedLosses 2024-04-29 08018907 frs-bus:PrivateLimitedCompanyLtd 2023-04-30 2024-04-29 08018907 frs-bus:FilletedAccounts 2023-04-30 2024-04-29 08018907 frs-bus:SmallEntities 2023-04-30 2024-04-29 08018907 frs-bus:AuditExemptWithAccountantsReport 2023-04-30 2024-04-29 08018907 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-30 2024-04-29 08018907 frs-bus:Director1 2023-04-30 2024-04-29 08018907 frs-bus:Director1 2023-04-29 08018907 frs-bus:Director1 2024-04-29 08018907 frs-countries:EnglandWales 2023-04-30 2024-04-29 08018907 2022-04-29 08018907 2023-04-29 08018907 2022-04-30 2023-04-29 08018907 frs-core:CurrentFinancialInstruments 2023-04-29 08018907 frs-core:Non-currentFinancialInstruments 2023-04-29 08018907 frs-core:ShareCapital 2023-04-29 08018907 frs-core:RetainedEarningsAccumulatedLosses 2023-04-29
Registered number: 08018907
Clive Sefton Limited
Unaudited Financial Statements
For The Year Ended 29 April 2024
Springtide Business Services Ltd
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of Clive Sefton Limited for the year ended 29 April 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Clive Sefton Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Clive Sefton Limited , as a body, in accordance with the terms of our engagement letter dated 12 January 2023. Our work has been undertaken solely to prepare for your approval the accounts of Clive Sefton Limited and state those matters that we have agreed to state to the director of Clive Sefton Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clive Sefton Limited and its director as a body for our work or for this report.
It is your duty to ensure that Clive Sefton 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 Clive Sefton Limited . You consider that Clive Sefton Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Clive Sefton 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
28/04/2025
Springtide Business Services Ltd
26 Woodland Way
Brighton
East Sussex
BN1 8BA
Page 1
Page 2
Balance Sheet
Registered number: 08018907
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 535 420
535 420
CURRENT ASSETS
Debtors 5 19,890 18,927
Cash at bank and in hand 41 20
19,931 18,947
Creditors: Amounts Falling Due Within One Year 6 (20,875 ) (21,727 )
NET CURRENT ASSETS (LIABILITIES) (944 ) (2,780 )
TOTAL ASSETS LESS CURRENT LIABILITIES (409 ) (2,360 )
Creditors: Amounts Falling Due After More Than One Year 7 (5,837 ) (5,154 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (102 ) (80 )
NET LIABILITIES (6,348 ) (7,594 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (6,448 ) (7,694 )
SHAREHOLDERS' FUNDS (6,348) (7,594)
Page 2
Page 3
For the year ending 29 April 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 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 CLIVE SEFTON
Director
28/04/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Clive Sefton Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08018907 . The registered office is 8 Bond Street, Brighton, East Sussex, BN1 1RD.
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. Going Concern Disclosure
The director has reviewed the financial position of the company for the next twelve months and has decided the going concern basis remains appropriate.
2.3. 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.
2.4. 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 25% straight line
2.5. 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.
Page 4
Page 5
3. Average Number of Employees
1Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 30 April 2023 1,140
Additions 427
As at 29 April 2024 1,567
Depreciation
As at 30 April 2023 720
Provided during the period 312
As at 29 April 2024 1,032
Net Book Value
As at 29 April 2024 535
As at 30 April 2023 420
5. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 423 94
Corporation tax recoverable assets - 2,443
Director's loan account 19,467 16,390
19,890 18,927
6. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 752 1
Bank loans and overdrafts 905 1,995
Corporation tax 18,218 18,731
Accruals and deferred income 1,000 1,000
20,875 21,727
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Bank loans 5,837 5,154
Page 5
Page 6
8. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 30 April 2023 Amounts advanced Amounts repaid Amounts written off As at 29 April 2024
£ £ £ £ £
Mr CLIVE SEFTON 16,390 9,837 6,760 - 19,467
The above loan is unsecured,  interest charged at 2.25% and repayable on demand.
10. Prior Period Adjustment
The financial statements for year ending 30th April 2023 have been restated to incorporate the impact of previous periods corporation tax owed to HMRC and to remove the debtor for S455 recoverable.  This change has resulted in capital and reserves decreasing from a positive £4,228 to negative £7,594.
The impact on the comparative is as follows:
Debtors reduced by £4,083
Creditors increased by £7,739
Page 6