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Registered number: 13309143
S.M&A.R.Astle Ltd
Directors' Report and
Unaudited Financial Statements
For The Year Ended 30 April 2024
Bennett Verby Limited
7 St Petersgate
Stockport
Cheshire
SK1 1EB
Contents
Page
Company Information 1
Directors' Report 2
Accountants' Report 3
Profit and Loss Account 4
Balance Sheet 5—6
Notes to the Financial Statements 7—9
Page 1
Company Information
Directors Mr Stephen Astle
Miss April Astle
Company Number 13309143
Registered Office 393 London Road
Hazel Grove
Stockport
SK7 6AA
Accountants Bennett Verby Limited
7 St Petersgate
Stockport
Cheshire
SK1 1EB
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 30 April 2024.
Directors
The directors who held office during the year were as follows:
Mr Stephen Astle
Miss April Astle
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Stephen Astle
Director
28 January 2025
Page 2
Page 3
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of S.M&A.R.Astle Ltd for the year ended 30 April 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of S.M&A.R.Astle Ltd 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 directors of S.M&A.R.Astle Ltd , as a body, in accordance with the terms of our current engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of S.M&A.R.Astle Ltd and state those matters that we have agreed to state to the directors of S.M&A.R.Astle Ltd , 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 S.M&A.R.Astle Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that S.M&A.R.Astle Ltd 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 S.M&A.R.Astle Ltd . You consider that S.M&A.R.Astle Ltd 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 S.M&A.R.Astle Ltd . 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 January 2025
Bennett Verby Limited
7 St Petersgate
Stockport
Cheshire
SK1 1EB
Page 3
Page 4
Profit and Loss Account
2024 2023
Notes £ £
TURNOVER 83,409 82,317
Cost of sales (14,756 ) (10,333 )
GROSS PROFIT 68,653 71,984
Administrative expenses (68,623 ) (57,460 )
OPERATING PROFIT AND PROFIT BEFORE TAXATION 30 14,524
Tax on Profit 646 (3,323 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 676 11,201
The notes on pages 7 to 9 form part of these financial statements.
Page 4
Page 5
Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 3,333
Tangible Assets 5 3,734 4,393
3,734 7,726
CURRENT ASSETS
Stocks 6 5,655 4,820
Debtors 7 - 2,442
Cash at bank and in hand 1,883 2,470
7,538 9,732
Creditors: Amounts Falling Due Within One Year 8 (9,204 ) (13,766 )
NET CURRENT ASSETS (LIABILITIES) (1,666 ) (4,034 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,068 3,692
Creditors: Amounts Falling Due After More Than One Year 9 (1,100 ) (3,400 )
NET ASSETS 968 292
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 966 290
SHAREHOLDERS' FUNDS 968 292
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For the year ending 30 April 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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr Stephen Astle
Director
28 January 2025
The notes on pages 7 to 9 form part of these financial statements.
Page 6
Page 7
Notes to the Financial Statements
1. General Information
S.M&A.R.Astle Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13309143 . The registered office is 393 London Road, Hazel Grove, Stockport, SK7 6AA.
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:
Fixtures & Fittings 15% Reducing Balance
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.
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.
...CONTINUED
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2.6. Taxation - continued
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: 3 (2023: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 10,000
As at 30 April 2024 10,000
Amortisation
As at 1 May 2023 6,667
Provided during the period 3,333
As at 30 April 2024 10,000
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 3,333
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 May 2023 5,804
As at 30 April 2024 5,804
Depreciation
As at 1 May 2023 1,411
Provided during the period 659
As at 30 April 2024 2,070
Net Book Value
As at 30 April 2024 3,734
As at 1 May 2023 4,393
6. Stocks
2024 2023
£ £
Stock 5,655 4,820
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7. Debtors
2024 2023
£ £
Due within one year
Other debtors - 2,442
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 2,760 2,760
Other creditors 5,304 5,704
Taxation and social security 1,140 5,302
9,204 13,766
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,100 3,400
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Stephen Astle (221 ) (2,250 ) 3,443 - 972
Miss April Astle (2,221 ) (2,292 ) 6,617 - 2,103
The above loan is unsecured, interest free and repayable on demand.
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