Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 March 2022 false 1 September 2023 31 August 2024 31 August 2024 03781302 Mr Christopher Swinton Mr Paul Swinton Mr Robert Swinton Mrs Audrey Swinton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03781302 2023-08-31 03781302 2024-08-31 03781302 2023-09-01 2024-08-31 03781302 frs-core:CurrentFinancialInstruments 2024-08-31 03781302 frs-core:Non-currentFinancialInstruments 2024-08-31 03781302 frs-core:FurnitureFittings 2024-08-31 03781302 frs-core:FurnitureFittings 2023-09-01 2024-08-31 03781302 frs-core:FurnitureFittings 2023-08-31 03781302 frs-core:NetGoodwill 2024-08-31 03781302 frs-core:NetGoodwill 2023-09-01 2024-08-31 03781302 frs-core:NetGoodwill 2023-08-31 03781302 frs-core:ShareCapital 2024-08-31 03781302 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 03781302 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 03781302 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 03781302 frs-bus:SmallEntities 2023-09-01 2024-08-31 03781302 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 03781302 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 03781302 frs-bus:Director1 2023-09-01 2024-08-31 03781302 frs-bus:Director2 2023-09-01 2024-08-31 03781302 frs-bus:Director3 2023-09-01 2024-08-31 03781302 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 03781302 frs-countries:EnglandWales 2023-09-01 2024-08-31 03781302 2022-02-28 03781302 2023-08-31 03781302 2022-03-01 2023-08-31 03781302 frs-core:CurrentFinancialInstruments 2023-08-31 03781302 frs-core:Non-currentFinancialInstruments 2023-08-31 03781302 frs-core:ShareCapital 2023-08-31 03781302 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 03781302
Swinton And Co. (Consultants) Limited
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 03781302
31 August 2024 31 August 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 252,400 279,475
Tangible Assets 5 27,754 21,214
280,154 300,689
CURRENT ASSETS
Debtors 6 333,459 285,737
Cash at bank and in hand 176 7,200
333,635 292,937
Creditors: Amounts Falling Due Within One Year 7 (334,822 ) (262,918 )
NET CURRENT ASSETS (LIABILITIES) (1,187 ) 30,019
TOTAL ASSETS LESS CURRENT LIABILITIES 278,967 330,708
Creditors: Amounts Falling Due After More Than One Year 8 (154,965 ) (207,609 )
NET ASSETS 124,002 123,099
CAPITAL AND RESERVES
Called up share capital 9 53 53
Income Statement 123,949 123,046
SHAREHOLDERS' FUNDS 124,002 123,099
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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 Income Statement.
On behalf of the board
Mr Robert Swinton
Director
29th May 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Swinton And Co. (Consultants) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03781302 . The registered office is Prospect House, 28 Great Melton Road, Norwich, Norfolk, NR9 3AB.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of 20 years.
2.4. 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:
Fixtures & Fittings 15% reducing balance
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable for the period.
The tax currently payable is based on taxable profit for the period. 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 not 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. The directors consider that the relevant assets will have no value and no deferred tax will arise at the end of the useful life of the assets.
Current tax for the period is recognised in profit or loss, except when it related to items that are recognised in other comprehensive income or directly in equity, in which case, the current 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 income statement 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  13 (2023: 14)
13 14
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 361,000
As at 31 August 2024 361,000
Amortisation
As at 1 September 2023 81,525
Provided during the period 27,075
As at 31 August 2024 108,600
Net Book Value
As at 31 August 2024 252,400
As at 1 September 2023 279,475
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5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 September 2023 37,199
Additions 11,439
As at 31 August 2024 48,638
Depreciation
As at 1 September 2023 15,985
Provided during the period 4,899
As at 31 August 2024 20,884
Net Book Value
As at 31 August 2024 27,754
As at 1 September 2023 21,214
6. Debtors
31 August 2024 31 August 2023
£ £
Due within one year
Trade debtors 203,765 177,786
Other debtors 129,694 107,951
333,459 285,737
7. Creditors: Amounts Falling Due Within One Year
31 August 2024 31 August 2023
£ £
Trade creditors 3,059 2,966
Bank loans and overdrafts 109,389 80,657
Other creditors 34,567 26,729
Taxation and social security 187,807 152,566
334,822 262,918
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8. Creditors: Amounts Falling Due After More Than One Year
31 August 2024 31 August 2023
£ £
Bank loans 142,782 200,591
Other creditors 12,183 7,018
154,965 207,609
9. Share Capital
31 August 2024 31 August 2023
£ £
Allotted, Called up and fully paid 53 53
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