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 03415521 Mr Andrew Stokes Mr William Pharaoh the directors true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03415521 2023-08-31 03415521 2024-08-31 03415521 2023-09-01 2024-08-31 03415521 frs-core:CurrentFinancialInstruments 2024-08-31 03415521 frs-core:Non-currentFinancialInstruments 2024-08-31 03415521 frs-core:ComputerEquipment 2024-08-31 03415521 frs-core:ComputerEquipment 2023-09-01 2024-08-31 03415521 frs-core:ComputerEquipment 2023-08-31 03415521 frs-core:FurnitureFittings 2024-08-31 03415521 frs-core:FurnitureFittings 2023-09-01 2024-08-31 03415521 frs-core:FurnitureFittings 2023-08-31 03415521 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 03415521 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 03415521 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 03415521 frs-core:MotorVehicles 2024-08-31 03415521 frs-core:MotorVehicles 2023-09-01 2024-08-31 03415521 frs-core:MotorVehicles 2023-08-31 03415521 frs-core:WithinOneYear 2024-08-31 03415521 frs-core:CapitalRedemptionReserve 2024-08-31 03415521 frs-core:ShareCapital 2024-08-31 03415521 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 03415521 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 03415521 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 03415521 frs-bus:SmallEntities 2023-09-01 2024-08-31 03415521 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 03415521 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 03415521 1 2023-09-01 2024-08-31 03415521 frs-core:UnlistedNon-exchangeTraded 2024-08-31 03415521 frs-core:UnlistedNon-exchangeTraded 2023-08-31 03415521 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-08-31 03415521 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-08-31 03415521 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-08-31 03415521 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-08-31 03415521 frs-bus:Director1 2023-09-01 2024-08-31 03415521 frs-bus:Director2 2023-09-01 2024-08-31 03415521 frs-countries:EnglandWales 2023-09-01 2024-08-31 03415521 2022-08-31 03415521 2023-08-31 03415521 2022-09-01 2023-08-31 03415521 frs-core:CurrentFinancialInstruments 2023-08-31 03415521 frs-core:Non-currentFinancialInstruments 2023-08-31 03415521 frs-core:BetweenOneFiveYears 2023-08-31 03415521 frs-core:WithinOneYear 2023-08-31 03415521 frs-core:CapitalRedemptionReserve 2023-08-31 03415521 frs-core:ShareCapital 2023-08-31 03415521 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 03415521
S.S. Systems Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Enterprise Chartered Certified Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03415521
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 156,518 185,233
Investments 5 10,000 10,000
166,518 195,233
CURRENT ASSETS
Stocks 6 172,748 143,827
Debtors 7 386,726 561,403
Cash at bank and in hand 354,342 220,557
913,816 925,787
Creditors: Amounts Falling Due Within One Year 8 (868,904 ) (933,768 )
NET CURRENT ASSETS (LIABILITIES) 44,912 (7,981 )
TOTAL ASSETS LESS CURRENT LIABILITIES 211,430 187,252
Creditors: Amounts Falling Due After More Than One Year 9 - (49,008 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,456 ) (8,607 )
NET ASSETS 205,974 129,637
CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Capital redemption reserve (76,425 ) (76,425 )
Profit and Loss Account 281,399 205,062
SHAREHOLDERS' FUNDS 205,974 129,637
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
Mr Andrew Stokes
Director
28/05/2025
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
S.S. Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03415521 . The registered office is Hollowgate House, Hollowgate, Rotherham, S60 2LD.
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. 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:
Freehold 0%
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 33% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under 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. 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.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
Page 4
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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 years 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 assets reflect 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 40 (2023: 33)
40 33
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 139,933 37,281 34,158 71,374 282,746
Disposals - (37,281 ) - - (37,281 )
As at 31 August 2024 139,933 - 34,158 71,374 245,465
Depreciation
As at 1 September 2023 - 17,859 33,007 46,647 97,513
Provided during the period - 4,856 173 9,120 14,149
Disposals - (22,715 ) - - (22,715 )
As at 31 August 2024 - - 33,180 55,767 88,947
Net Book Value
As at 31 August 2024 139,933 - 978 15,607 156,518
As at 1 September 2023 139,933 19,422 1,151 24,727 185,233
Page 4
Page 5
5. Investments
Unlisted
£
Cost
As at 1 September 2023 10,000
As at 31 August 2024 10,000
Provision
As at 1 September 2023 -
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 10,000
As at 1 September 2023 10,000
6. Stocks
2024 2023
£ £
Finished goods 143,500 99,696
Work in progress 29,248 44,131
172,748 143,827
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 253,624 383,801
Other debtors 133,102 177,602
386,726 561,403
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,725 8,201
Trade creditors 169,338 286,890
Bank loans and overdrafts 17,690 32,000
Amounts owed to group undertakings - 348
Other creditors 509,037 450,171
Taxation and social security 166,114 156,158
868,904 933,768
Page 5
Page 6
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 392
Bank loans - 48,616
- 49,008
The bank borrowings of the company are secured by a mortgage debenture incorporating a fixed and floating charge over the assets of the company dated 27 February 2018.
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,725 8,201
Later than one year and not later than five years - 392
6,725 8,593
6,725 8,593
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
12. Ultimate Controlling Party
The company's ultimate controlling party is the directors by virtue of their ownership of 100% of the issued share capital in the company.
Page 6