Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 10330632 Jack Anthony Mark Patrick Browne Georgina Anne Mcgregor Blake Nicholas Sellar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10330632 2023-08-31 10330632 2024-08-31 10330632 2023-09-01 2024-08-31 10330632 frs-core:CurrentFinancialInstruments 2024-08-31 10330632 frs-core:ComputerEquipment 2023-09-01 2024-08-31 10330632 frs-core:FurnitureFittings 2023-09-01 2024-08-31 10330632 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 10330632 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10330632 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 10330632 frs-core:PlantMachinery 2024-08-31 10330632 frs-core:PlantMachinery 2023-09-01 2024-08-31 10330632 frs-core:PlantMachinery 2023-08-31 10330632 frs-core:ShareCapital 2024-08-31 10330632 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10330632 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10330632 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10330632 frs-bus:SmallEntities 2023-09-01 2024-08-31 10330632 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10330632 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10330632 frs-bus:Director1 2023-09-01 2024-08-31 10330632 frs-bus:Director1 2023-08-31 10330632 frs-bus:Director1 2024-08-31 10330632 frs-bus:Director2 2023-09-01 2024-08-31 10330632 frs-bus:Director2 2023-08-31 10330632 frs-bus:Director2 2024-08-31 10330632 frs-bus:Director3 2023-09-01 2024-08-31 10330632 frs-bus:Director3 2023-08-31 10330632 frs-bus:Director3 2024-08-31 10330632 frs-countries:EnglandWales 2023-09-01 2024-08-31 10330632 2022-08-31 10330632 2023-08-31 10330632 2022-09-01 2023-08-31 10330632 frs-core:CurrentFinancialInstruments 2023-08-31 10330632 frs-core:ShareCapital 2023-08-31 10330632 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 10330632
S&B's Mart Ltd.
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10330632
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,674 2,306
2,674 2,306
CURRENT ASSETS
Debtors 5 48,330 21,738
Cash at bank and in hand 10,903 39,180
59,233 60,918
Creditors: Amounts Falling Due Within One Year 6 (17,854 ) (6,445 )
NET CURRENT ASSETS (LIABILITIES) 41,379 54,473
TOTAL ASSETS LESS CURRENT LIABILITIES 44,053 56,779
NET ASSETS 44,053 56,779
CAPITAL AND RESERVES
Called up share capital 7 43,200 43,200
Profit and Loss Account 853 13,579
SHAREHOLDERS' FUNDS 44,053 56,779
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 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 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
Jack Anthony Mark Patrick Browne
Director
31/01/2025
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
S&B's Mart Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 10330632 . The registered office is Unit 2, 199 Station Road, West Moors, Dorset, BH22 0HX.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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 on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold over 5.5 years
Plant & Machinery over 5.5 years
Fixtures & Fittings over 5.5 years
Computer Equipment over 5.5 years
2.4. Taxation
A current tax liability is recognised for the tax oayable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is reconised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be reocvered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 September 2023 1,845 9,070 10,915
Additions - 226 226
As at 31 August 2024 1,845 9,296 11,141
Depreciation
As at 1 September 2023 1,158 7,451 8,609
Provided during the period 84 (226 ) (142 )
As at 31 August 2024 1,242 7,225 8,467
...CONTINUED
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Page 4
Net Book Value
As at 31 August 2024 603 2,071 2,674
As at 1 September 2023 687 1,619 2,306
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,205 2,086
Other debtors 43,125 19,652
48,330 21,738
Short term debtors are mesaured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,054 -
Corporation tax 6,075 1,077
Other taxes and social security - 1,778
VAT 1,725 -
Directors' loan accounts - 3,590
17,854 6,445
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 43,200 43,200
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Jack Browne - 1,561 - - 1,561
Miss Georgina Blake - 1,201 - - 1,201
Mr Nicholas Sellar - 360 - - 360
The above loan is unsecured, interest free and repayable on demand.
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