Acorah Software Products - Accounts Production 16.3.350 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 07205886 Mr Guy Speed iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07205886 2023-05-31 07205886 2024-05-31 07205886 2023-06-01 2024-05-31 07205886 frs-core:CurrentFinancialInstruments 2024-05-31 07205886 frs-core:Non-currentFinancialInstruments 2024-05-31 07205886 frs-core:ComputerEquipment 2024-05-31 07205886 frs-core:ComputerEquipment 2023-06-01 2024-05-31 07205886 frs-core:ComputerEquipment 2023-05-31 07205886 frs-core:ShareCapital 2024-05-31 07205886 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 07205886 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07205886 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 07205886 frs-bus:SmallEntities 2023-06-01 2024-05-31 07205886 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07205886 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07205886 frs-bus:Director1 2023-06-01 2024-05-31 07205886 frs-countries:EnglandWales 2023-06-01 2024-05-31 07205886 2022-05-31 07205886 2023-05-31 07205886 2022-06-01 2023-05-31 07205886 frs-core:CurrentFinancialInstruments 2023-05-31 07205886 frs-core:Non-currentFinancialInstruments 2023-05-31 07205886 frs-core:ShareCapital 2023-05-31 07205886 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 07205886
Speeds Surveyors Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07205886
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 41,220 50,565
Cash at bank and in hand 663 -
41,883 50,565
Creditors: Amounts Falling Due Within One Year 6 (28,802 ) (21,764 )
NET CURRENT ASSETS (LIABILITIES) 13,081 28,801
TOTAL ASSETS LESS CURRENT LIABILITIES 13,081 28,801
Creditors: Amounts Falling Due After More Than One Year 7 - (6,950 )
NET ASSETS 13,081 21,851
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 13,080 21,850
SHAREHOLDERS' FUNDS 13,081 21,851
For the year ending 31 May 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 Guy Speed
Director
20 May 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
Speeds Surveyors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07205886 . The registered office is 6 Houndiscombe Road, Plymouth, Devon, PL4 6HH.
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 comprises the fair value of the consideration received or receivable for the and provision of surveying services in the ordinary course of the company’s activities.  Turnover is shown net of value added tax, rebates and discounts.
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:
Computer Equipment 33% straight line
2.4. Taxation
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change
attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in
other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or
substantively enacted by the reporting date in the countries where the company operates and generates taxable
income.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 4,677
As at 31 May 2024 4,677
Depreciation
As at 1 June 2023 4,677
As at 31 May 2024 4,677
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 -
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,950 8,585
Other debtors 35,270 41,980
41,220 50,565
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,712 13
Bank loans and overdrafts 5,881 3,672
Other creditors 3,213 4,015
Taxation and social security 17,996 14,064
28,802 21,764
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 6,950
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Related Party Transactions
The director received advances of £36,301 (2023: £46,853) from the company during the year, and made repayments of £43,011 (2023: £46,303). At the year end the director owed £35,270 (2023: £41,980) to the company. Interest was charged on the outstanding balance at the HMRC standard rate. The balance is unsecured and repayable on demand.
Page 3