Acorah Software Products - Accounts Production 16.2.850 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 06439747 Mrs Neena Dasgupta Mr Nicolas Dasgupta Miss Anita Subair Dr Satyajit Dasgupta iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06439747 2023-05-31 06439747 2024-05-31 06439747 2023-06-01 2024-05-31 06439747 frs-core:CurrentFinancialInstruments 2024-05-31 06439747 frs-core:Non-currentFinancialInstruments 2024-05-31 06439747 frs-core:ComputerEquipment 2024-05-31 06439747 frs-core:ComputerEquipment 2023-06-01 2024-05-31 06439747 frs-core:ComputerEquipment 2023-05-31 06439747 frs-core:FurnitureFittings 2024-05-31 06439747 frs-core:FurnitureFittings 2023-06-01 2024-05-31 06439747 frs-core:FurnitureFittings 2023-05-31 06439747 frs-core:NetGoodwill 2024-05-31 06439747 frs-core:NetGoodwill 2023-06-01 2024-05-31 06439747 frs-core:NetGoodwill 2023-05-31 06439747 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-31 06439747 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 06439747 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-31 06439747 frs-core:PlantMachinery 2024-05-31 06439747 frs-core:PlantMachinery 2023-06-01 2024-05-31 06439747 frs-core:PlantMachinery 2023-05-31 06439747 frs-core:ShareCapital 2024-05-31 06439747 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 06439747 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06439747 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 06439747 frs-bus:SmallEntities 2023-06-01 2024-05-31 06439747 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06439747 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 06439747 frs-bus:Director1 2023-06-01 2024-05-31 06439747 frs-bus:Director2 2023-06-01 2024-05-31 06439747 frs-bus:Director3 2023-06-01 2024-05-31 06439747 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 06439747 frs-core:CurrentFinancialInstruments 2 2024-05-31 06439747 frs-countries:EnglandWales 2023-06-01 2024-05-31 06439747 2022-05-31 06439747 2023-05-31 06439747 2022-06-01 2023-05-31 06439747 frs-core:CurrentFinancialInstruments 2023-05-31 06439747 frs-core:Non-currentFinancialInstruments 2023-05-31 06439747 frs-core:ShareCapital 2023-05-31 06439747 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 06439747 frs-core:CurrentFinancialInstruments 2 2023-05-31
Registered number: 06439747
Sapphire Trading Limited
Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06439747
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 79,740 86,290
Tangible Assets 5 22,294 31,066
102,034 117,356
CURRENT ASSETS
Stocks 6 125,000 200,000
Debtors 7 498,788 467,074
Cash at bank and in hand 101,168 84,840
724,956 751,914
Creditors: Amounts Falling Due Within One Year 8 (704,701 ) (886,915 )
NET CURRENT ASSETS (LIABILITIES) 20,255 (135,001 )
TOTAL ASSETS LESS CURRENT LIABILITIES 122,289 (17,645 )
Creditors: Amounts Falling Due After More Than One Year 9 (41,178 ) (71,934 )
NET ASSETS/(LIABILITIES) 81,111 (89,579 )
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 80,111 (90,579 )
SHAREHOLDERS' FUNDS 81,111 (89,579)
Page 1
Page 2
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 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
Mrs Neena Dasgupta
Director
12/05/2025
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
Sapphire Trading Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06439747 . The registered office is 36 Scotts Road, Bromley, England, BR1 3QD.
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 profit and loss account 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:
Leasehold 10% Straightline
Plant & Machinery 20% Straightline
Fixtures & Fittings 25% Straightline
Computer Equipment 25% Straightline
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.
3. Average Number of Employees
Average number of employees, including directors, during the year were 4 (2023: 6)
4 6
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2023 131,000
As at 31 May 2024 131,000
Amortisation
As at 1 June 2023 44,710
Provided during the period 6,550
As at 31 May 2024 51,260
Net Book Value
As at 31 May 2024 79,740
As at 1 June 2023 86,290
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 204,464 19,138 132,855 30,204 386,661
Additions - - 1,042 7,595 8,637
As at 31 May 2024 204,464 19,138 133,897 37,799 395,298
Depreciation
As at 1 June 2023 177,285 19,138 132,780 26,392 355,595
Provided during the period 12,945 - 298 4,166 17,409
As at 31 May 2024 190,230 19,138 133,078 30,558 373,004
Net Book Value
As at 31 May 2024 14,234 - 819 7,241 22,294
As at 1 June 2023 27,179 - 75 3,812 31,066
6. Stocks
2024 2023
£ £
Finished goods 125,000 200,000
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,820 5,367
Prepayments and accrued income 310,000 310,000
Other debtors - Rent deposit 103,043 103,043
Other debtors - LLP 45,000 25,000
Corporation tax recoverable assets 23,664 23,664
Other taxes and social security 12,261 -
498,788 467,074
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 89,426 82,515
Bank loans and overdrafts 53,289 84,094
Other taxes and social security - 10,701
VAT 29,399 33,504
Other creditors 86,936 83,636
Directors' loan accounts 445,651 592,465
704,701 886,915
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 41,178 71,934
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 5