Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 08509770 Mr Paul Isaac Mrs Katherine Isaac iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08509770 2023-07-31 08509770 2024-07-31 08509770 2023-08-01 2024-07-31 08509770 frs-core:CurrentFinancialInstruments 2024-07-31 08509770 frs-core:ComputerEquipment 2024-07-31 08509770 frs-core:ComputerEquipment 2023-08-01 2024-07-31 08509770 frs-core:ComputerEquipment 2023-07-31 08509770 frs-core:FurnitureFittings 2024-07-31 08509770 frs-core:FurnitureFittings 2023-08-01 2024-07-31 08509770 frs-core:FurnitureFittings 2023-07-31 08509770 frs-core:ShareCapital 2024-07-31 08509770 frs-core:RetainedEarningsAccumulatedLosses 2023-08-01 2024-07-31 08509770 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 08509770 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08509770 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 08509770 frs-bus:SmallEntities 2023-08-01 2024-07-31 08509770 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 08509770 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 08509770 frs-bus:Director1 2023-08-01 2024-07-31 08509770 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 08509770 frs-countries:EnglandWales 2023-08-01 2024-07-31 08509770 2022-07-31 08509770 2023-07-31 08509770 2022-08-01 2023-07-31 08509770 frs-core:CurrentFinancialInstruments 2023-07-31 08509770 frs-core:ShareCapital 2022-07-31 08509770 frs-core:ShareCapital 2023-07-31 08509770 frs-core:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 08509770 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-07-31 08509770 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 08509770
Sales in Practice Limited
Financial Statements
For The Year Ended 31 July 2024
THB LLP
Contents
Page
Balance Sheet 1
Statement of Changes in Equity 2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08509770
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,114 1,535
1,114 1,535
CURRENT ASSETS
Debtors 5 33,035 21,633
Cash at bank and in hand 1 3,615
33,036 25,248
Creditors: Amounts Falling Due Within One Year 6 (33,250 ) (25,288 )
NET CURRENT ASSETS (LIABILITIES) (214 ) (40 )
TOTAL ASSETS LESS CURRENT LIABILITIES 900 1,495
NET ASSETS 900 1,495
CAPITAL AND RESERVES
Called up share capital 7 50 50
Profit and Loss Account 850 1,445
SHAREHOLDERS' FUNDS 900 1,495
For the year ending 31 July 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 Paul Isaac
Director
29/04/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 1
Page 2
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 August 2022 50 839 889
Profit for the year and total comprehensive income - 59,606 59,606
Dividends paid - (59,000) (59,000)
As at 31 July 2023 and 1 August 2023 50 1,445 1,495
Profit for the year and total comprehensive income - 54,405 54,405
Dividends paid - (55,000) (55,000)
As at 31 July 2024 50 850 900
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sales in Practice Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08509770 . The registered office is 1 & 2 Studley Court Mews, Studley Court Guildford Road, Chobham, Woking, Surrey, GU24 8EB.
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:
Fixtures & Fittings 25% RBM
Computer Equipment 25% RBM
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 2,186 2,067 4,253
As at 31 July 2024 2,186 2,067 4,253
Depreciation
As at 1 August 2023 1,280 1,438 2,718
Provided during the period 243 178 421
As at 31 July 2024 1,523 1,616 3,139
Net Book Value
As at 31 July 2024 663 451 1,114
As at 1 August 2023 906 629 1,535
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,764 -
Other debtors 25,271 21,633
33,035 21,633
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 11,109 1,688
Bounceback Loan - within 1 yr - 1,250
Other creditors 5,035 4,598
Taxation and social security 17,106 17,752
33,250 25,288
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50 50
8. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 55,000 59,000
9. Related Party Transactions
At the end of the year, the director owed an amount of £25,271 ( 2023 : £21,633 ) to the company.
Page 4