Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 06988481 Mr Anthony Temple Mr Anthony Temple iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06988481 2023-08-31 06988481 2024-08-31 06988481 2023-09-01 2024-08-31 06988481 frs-core:CurrentFinancialInstruments 2024-08-31 06988481 frs-core:Non-currentFinancialInstruments 2024-08-31 06988481 frs-core:PlantMachinery 2024-08-31 06988481 frs-core:PlantMachinery 2023-09-01 2024-08-31 06988481 frs-core:PlantMachinery 2023-08-31 06988481 frs-core:WithinOneYear 2024-08-31 06988481 frs-core:ShareCapital 2024-08-31 06988481 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 06988481 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06988481 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 06988481 frs-bus:SmallEntities 2023-09-01 2024-08-31 06988481 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 06988481 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 06988481 frs-bus:Director1 2023-09-01 2024-08-31 06988481 frs-bus:Director1 2023-08-31 06988481 frs-bus:Director1 2024-08-31 06988481 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 06988481 frs-countries:EnglandWales 2023-09-01 2024-08-31 06988481 2022-08-31 06988481 2023-08-31 06988481 2022-09-01 2023-08-31 06988481 frs-core:CurrentFinancialInstruments 2023-08-31 06988481 frs-core:Non-currentFinancialInstruments 2023-08-31 06988481 frs-core:BetweenOneFiveYears 2023-08-31 06988481 frs-core:WithinOneYear 2023-08-31 06988481 frs-core:ShareCapital 2023-08-31 06988481 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 06988481
Sterling Temple Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06988481
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,159 24,205
16,159 24,205
CURRENT ASSETS
Debtors 5 325,085 386,434
Cash at bank and in hand 13,663 13,219
338,748 399,653
Creditors: Amounts Falling Due Within One Year 6 (230,166 ) (223,895 )
NET CURRENT ASSETS (LIABILITIES) 108,582 175,758
TOTAL ASSETS LESS CURRENT LIABILITIES 124,741 199,963
Creditors: Amounts Falling Due After More Than One Year 7 (16,859 ) (27,663 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (4,040 ) (6,052 )
NET ASSETS 103,842 166,248
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 103,840 166,246
SHAREHOLDERS' FUNDS 103,842 166,248
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 Anthony Temple
Director
21st May 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sterling Temple Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06988481 . The registered office is Unit 131, 128 Aldersgate Street, London, EC1A 4AE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 rendering of services and 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 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 25% to 50% per annum of the net book value
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. 
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
...CONTINUED
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2.5. Financial Instruments - continued
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment  not previously been recognised.
2.6. Taxation
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 year 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 asset reflects 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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 September 2023 60,782
Disposals (400 )
As at 31 August 2024 60,382
Depreciation
As at 1 September 2023 36,577
Provided during the period 7,987
Disposals (341 )
As at 31 August 2024 44,223
Net Book Value
As at 31 August 2024 16,159
As at 1 September 2023 24,205
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Page 5
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 45,570 45,156
Prepayments and accrued income 68,019 70,211
Other debtors 4,649 6,766
Corporation tax recoverable assets 20,775 16,131
Director's loan account 186,072 227,395
325,085 365,659
Due after more than one year
Corporation tax recoverable assets - 20,775
325,085 386,434
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,255 10,020
Bank loans and overdrafts 15,200 15,111
Corporation tax 153,421 137,666
Other taxes and social security 27,277 32,241
Other creditors 15,527 16,575
Accruals and deferred income 11,486 12,282
230,166 223,895
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 7,255
Bank loans 16,859 20,408
16,859 27,663
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,525 11,270
Later than one year and not later than five years - 7,525
7,525 18,795
Less: Finance charges allocated to future periods 270 1,520
7,255 17,275
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Page 6
9. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances
2024 2023
£ £
Other timing differences 4,040 6,052
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 4,990 4,546
4,990 4,546
12. 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 Anthony Temple 227,395 186,277 (227,600 ) - 186,072
The above loan is unsecured and repayable on demand. Interest was charged at a rate of 2.00% to 2.25% for the year under review.
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