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 07723694 Mr Gavin Willis Mrs Catherine Head iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07723694 2023-08-31 07723694 2024-08-31 07723694 2023-09-01 2024-08-31 07723694 frs-core:CurrentFinancialInstruments 2024-08-31 07723694 frs-core:ComputerEquipment 2024-08-31 07723694 frs-core:ComputerEquipment 2023-09-01 2024-08-31 07723694 frs-core:ComputerEquipment 2023-08-31 07723694 frs-core:FurnitureFittings 2024-08-31 07723694 frs-core:FurnitureFittings 2023-09-01 2024-08-31 07723694 frs-core:FurnitureFittings 2023-08-31 07723694 frs-core:PlantMachinery 2024-08-31 07723694 frs-core:PlantMachinery 2023-09-01 2024-08-31 07723694 frs-core:PlantMachinery 2023-08-31 07723694 frs-core:ShareCapital 2024-08-31 07723694 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 07723694 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07723694 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 07723694 frs-bus:SmallEntities 2023-09-01 2024-08-31 07723694 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 07723694 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 07723694 frs-bus:Director1 2023-09-01 2024-08-31 07723694 frs-bus:Director2 2023-09-01 2024-08-31 07723694 frs-countries:EnglandWales 2023-09-01 2024-08-31 07723694 2022-08-31 07723694 2023-08-31 07723694 2022-09-01 2023-08-31 07723694 frs-core:CurrentFinancialInstruments 2023-08-31 07723694 frs-core:ShareCapital 2023-08-31 07723694 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 07723694
Search Seven Ltd.
Unaudited Financial Statements
For The Year Ended 31 August 2024
The Wow Company UK Ltd
3rd Floor, 86-90 Paul Street
London
EC2A 4NE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07723694
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,485 22,543
19,485 22,543
CURRENT ASSETS
Debtors 5 42,251 28,938
Cash at bank and in hand 376,714 450,778
418,965 479,716
Creditors: Amounts Falling Due Within One Year 6 (90,349 ) (135,958 )
NET CURRENT ASSETS (LIABILITIES) 328,616 343,758
TOTAL ASSETS LESS CURRENT LIABILITIES 348,101 366,301
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,000 ) (5,000 )
NET ASSETS 344,101 361,301
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 344,099 361,299
SHAREHOLDERS' FUNDS 344,101 361,301
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 Gavin Willis
Director
29 May 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Search Seven Ltd. is a private company, limited by shares, incorporated in England & Wales, the registered number is 07723694 . The registered office is The Offices, 57 Newtown Road, Brighton, East Sussex, England, BN3 7BA.
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 value added taxes. Turnover includes revenue earned from the provision of services and is recognised at the point of invoice. If the provision of services spans the financial year end, it is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can 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:
Plant and machinery 10% Straight Line Method
Fixtures and fittings 18% and 20% Straight Line Method
Computer equipment 18% and 20% Straight Line Method
2.4. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
2.5. Foreign Currencies
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.
2.6. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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.
...CONTINUED
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2.6. Taxation - continued
Deferred tax
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.
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: 15 (2023: 14)
15 14
4. Tangible Assets
Plant and machinery Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
As at 1 September 2023 16,375 445 9,734 26,554
Additions - - 610 610
As at 31 August 2024 16,375 445 10,344 27,164
Depreciation
As at 1 September 2023 882 431 2,698 4,011
Provided during the period 1,638 14 2,016 3,668
As at 31 August 2024 2,520 445 4,714 7,679
Net Book Value
As at 31 August 2024 13,855 - 5,630 19,485
As at 1 September 2023 15,493 14 7,036 22,543
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Page 5
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 36,270 25,160
Other debtors 5,981 3,778
42,251 28,938
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,904 5,956
Other creditors 25,455 28,274
Taxation and social security 60,990 101,728
90,349 135,958
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5