Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07936293 J K Patel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07936293 2023-03-31 07936293 2024-03-31 07936293 2023-04-01 2024-03-31 07936293 frs-core:CurrentFinancialInstruments 2024-03-31 07936293 frs-core:PlantMachinery 2024-03-31 07936293 frs-core:PlantMachinery 2023-04-01 2024-03-31 07936293 frs-core:PlantMachinery 2023-03-31 07936293 frs-core:ShareCapital 2024-03-31 07936293 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07936293 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07936293 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07936293 frs-bus:SmallEntities 2023-04-01 2024-03-31 07936293 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07936293 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07936293 frs-bus:Director1 2023-04-01 2024-03-31 07936293 frs-countries:EnglandWales 2023-04-01 2024-03-31 07936293 2022-03-31 07936293 2023-03-31 07936293 2022-04-01 2023-03-31 07936293 frs-core:CurrentFinancialInstruments 2023-03-31 07936293 frs-core:ShareCapital 2023-03-31 07936293 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07936293
Soar Point Limited
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07936293
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 (439 ) 6,912
(439 ) 6,912
CURRENT ASSETS
Stocks 5 15,400 15,400
Debtors 6 10,276 10,276
Cash at bank and in hand 13,590 13,590
39,266 39,266
Creditors: Amounts Falling Due Within One Year 7 (161,242 ) (148,842 )
NET CURRENT ASSETS (LIABILITIES) (121,976 ) (109,576 )
TOTAL ASSETS LESS CURRENT LIABILITIES (122,415 ) (102,664 )
NET LIABILITIES (122,415 ) (102,664 )
CAPITAL AND RESERVES
Called up share capital 8 200,100 200,100
Profit and Loss Account (322,515 ) (302,764 )
SHAREHOLDERS' FUNDS (122,415) (102,664)
For the year ending 31 March 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
J K Patel
Director
30th April 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Soar Point Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07936293 . The registered office is 7 Ringers Spinney, Leicester, Leicestershire, LE2 2HB.
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. 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% on cost
2.3. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 70,891
As at 31 March 2024 70,891
Depreciation
As at 1 April 2023 63,979
Provided during the period 7,351
As at 31 March 2024 71,330
Net Book Value
As at 31 March 2024 (439 )
As at 1 April 2023 6,912
5. Stocks
2024 2023
£ £
Stock 15,400 15,400
Page 2
Page 3
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 168 168
Other debtors 10,108 10,108
10,276 10,276
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 1
Bank loans and overdrafts 25,875 25,875
Other creditors 134,533 122,533
Taxation and social security 833 433
161,242 148,842
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200,100 200,100
Page 3