Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 09159110 Mr Ryan Taylor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09159110 2023-08-31 09159110 2024-08-31 09159110 2023-09-01 2024-08-31 09159110 frs-core:CurrentFinancialInstruments 2024-08-31 09159110 frs-core:Non-currentFinancialInstruments 2024-08-31 09159110 frs-core:ComputerEquipment 2024-08-31 09159110 frs-core:ComputerEquipment 2023-08-31 09159110 frs-core:FurnitureFittings 2024-08-31 09159110 frs-core:FurnitureFittings 2023-08-31 09159110 frs-core:NetGoodwill 2024-08-31 09159110 frs-core:NetGoodwill 2023-09-01 2024-08-31 09159110 frs-core:NetGoodwill 2023-08-31 09159110 frs-core:ShareCapital 2024-08-31 09159110 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 09159110 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09159110 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 09159110 frs-bus:SmallEntities 2023-09-01 2024-08-31 09159110 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09159110 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09159110 frs-bus:Director1 2023-09-01 2024-08-31 09159110 frs-countries:EnglandWales 2023-09-01 2024-08-31 09159110 2022-08-31 09159110 2023-08-31 09159110 2022-09-01 2023-08-31 09159110 frs-core:CurrentFinancialInstruments 2023-08-31 09159110 frs-core:Non-currentFinancialInstruments 2023-08-31 09159110 frs-core:ShareCapital 2023-08-31 09159110 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 09159110
Sherwood Property Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Property Accounting Here Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09159110
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 10,000 10,000
Tangible Assets 5 12,803 12,803
22,803 22,803
CURRENT ASSETS
Debtors 6 2,750 -
Cash at bank and in hand 26,971 1,513
29,721 1,513
Creditors: Amounts Falling Due Within One Year 7 (31,621 ) (23,569 )
NET CURRENT ASSETS (LIABILITIES) (1,900 ) (22,056 )
TOTAL ASSETS LESS CURRENT LIABILITIES 20,903 747
Creditors: Amounts Falling Due After More Than One Year 8 (34,790 ) (40,749 )
NET LIABILITIES (13,887 ) (40,002 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (13,888 ) (40,003 )
SHAREHOLDERS' FUNDS (13,887) (40,002)
Page 1
Page 2
For the year ending 31 August 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 Ryan Taylor
Director
13th May 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sherwood Property Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09159110 . The registered office is 711 Marco Island, Huntingdon Street, Nottingham, NG1 1AS.
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:
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: )
1 -
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 10,000
As at 31 August 2024 10,000
Net Book Value
As at 31 August 2024 10,000
As at 1 September 2023 10,000
Page 3
Page 4
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 1,944 10,859 12,803
As at 31 August 2024 1,944 10,859 12,803
Net Book Value
As at 31 August 2024 1,944 10,859 12,803
As at 1 September 2023 1,944 10,859 12,803
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,750 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 487 -
Other creditors 28,704 21,139
Taxation and social security 2,430 2,430
31,621 23,569
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 34,790 40,749
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4