Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 04884308 Mr R Mason true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04884308 2023-09-30 04884308 2024-09-30 04884308 2023-10-01 2024-09-30 04884308 frs-core:CurrentFinancialInstruments 2024-09-30 04884308 frs-core:Non-currentFinancialInstruments 2024-09-30 04884308 frs-core:BetweenOneFiveYears 2024-09-30 04884308 frs-core:NetGoodwill 2024-09-30 04884308 frs-core:NetGoodwill 2023-10-01 2024-09-30 04884308 frs-core:NetGoodwill 2023-09-30 04884308 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-30 04884308 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 04884308 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 04884308 frs-core:MotorVehicles 2024-09-30 04884308 frs-core:MotorVehicles 2023-10-01 2024-09-30 04884308 frs-core:MotorVehicles 2023-09-30 04884308 frs-core:PlantMachinery 2024-09-30 04884308 frs-core:PlantMachinery 2023-10-01 2024-09-30 04884308 frs-core:PlantMachinery 2023-09-30 04884308 frs-core:WithinOneYear 2024-09-30 04884308 frs-core:ShareCapital 2024-09-30 04884308 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 04884308 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04884308 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 04884308 frs-bus:SmallEntities 2023-10-01 2024-09-30 04884308 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04884308 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04884308 1 2023-10-01 2024-09-30 04884308 frs-bus:Director1 2023-10-01 2024-09-30 04884308 frs-bus:Director1 2023-09-30 04884308 frs-bus:Director1 2024-09-30 04884308 frs-countries:EnglandWales 2023-10-01 2024-09-30 04884308 2022-09-30 04884308 2023-09-30 04884308 2022-10-01 2023-09-30 04884308 frs-core:CurrentFinancialInstruments 2023-09-30 04884308 frs-core:Non-currentFinancialInstruments 2023-09-30 04884308 frs-core:BetweenOneFiveYears 2023-09-30 04884308 frs-core:WithinOneYear 2023-09-30 04884308 frs-core:ShareCapital 2023-09-30 04884308 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 04884308
The Secret Drawer Ltd.
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 04884308
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,395 2,790
Tangible Assets 5 196,396 137,298
197,791 140,088
CURRENT ASSETS
Stocks 168,245 137,602
Debtors 6 107,383 217,711
Cash at bank and in hand 258,275 347,428
533,903 702,741
Creditors: Amounts Falling Due Within One Year 7 (361,657 ) (444,218 )
NET CURRENT ASSETS (LIABILITIES) 172,246 258,523
TOTAL ASSETS LESS CURRENT LIABILITIES 370,037 398,611
Creditors: Amounts Falling Due After More Than One Year 8 (29,480 ) (24,167 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (49,099 ) (34,324 )
NET ASSETS 291,458 340,120
CAPITAL AND RESERVES
Called up share capital 100 100
Income Statement 291,358 340,020
SHAREHOLDERS' FUNDS 291,458 340,120
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Page 2
For the year ending 30 September 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 Income Statement.
On behalf of the board
Mr R Mason
Director
08/11/2024
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
The Secret Drawer Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 04884308 . The registered office is The Old Chapel, Sawley Street, Skipton, North Yorkshire, BD23 1SX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A
Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act
2006.

The financial statements are prepared under the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.


2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Turnover is invoiced and recognised on a staged basis throughout the job process.

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 10 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 20% straight line
Plant & Machinery 15% - 25% reducing balance
Motor Vehicles 25% reducing balance
2.5. 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 income statement 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 income statement as incurred.
2.6. 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.
2.7. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transactions price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
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2.8. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
2.9. Pensions
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
2.10. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period is arises.
2.11. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
2.12. Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 27 (2023: 27)
27 27
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 27,900
As at 30 September 2024 27,900
Amortisation
As at 1 October 2023 25,110
Provided during the period 1,395
As at 30 September 2024 26,505
...CONTINUED
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Net Book Value
As at 30 September 2024 1,395
As at 1 October 2023 2,790
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 October 2023 216,123 273,169 67,635 556,927
Additions 10,761 31,063 62,569 104,393
Disposals - (3,250 ) - (3,250 )
As at 30 September 2024 226,884 300,982 130,204 658,070
Depreciation
As at 1 October 2023 199,982 203,315 16,332 419,629
Provided during the period 5,380 15,661 21,004 42,045
As at 30 September 2024 205,362 218,976 37,336 461,674
Net Book Value
As at 30 September 2024 21,522 82,006 92,868 196,396
As at 1 October 2023 16,141 69,854 51,303 137,298
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 91,499 165,089
Prepayments and accrued income 13,165 10,252
Corporation tax recoverable assets 2,719 -
Director's loan account - 42,370
107,383 217,711
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,125 -
Trade creditors 64,471 103,144
Bank loans and overdrafts 10,000 10,000
Corporation tax - 5,133
Other taxes and social security 17,952 19,967
VAT 37,348 50,525
Net wages 464 3,270
Accruals and deferred income 224,156 252,179
Director's loan account 1,141 -
361,657 444,218
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Included in creditors: amounts falling due within one year, are net obligations under hire purchase contracts of £6,125 (2023 - £nil) which are secured against the assets to which they relate.
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 15,313 -
Bank loans 14,167 24,167
29,480 24,167
Included in creditors: amounts falling due after more than one year, are net obligations under hire purchase contracts of £15,313 (2023 - £nil) which are secured against the assets to which they relate.
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 593 593
Later than one year and not later than five years 593 1,186
1,186 1,779
10. Pension Commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £20,445 (2023 - £20,938).
Contributions totalling £3,222 (2023 - £3,297) were payable to the fund at the year end, and are included in creditors: amount falling due within one year.
11. Directors Advances, Credits and Guarantees
Included within other debtors is the following loan to the director:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Richard Mason 42,370 - (42,370 ) - -
The above loan is interest free and repayable on demand.
12. Related Party Transactions
During the year, dividends of £42,000 (2023 - £42,000) were paid to the director.
Included in creditors: amounts falling due within one year, is a directors loan account balance of £1,141 (2023 - £nil) owing to Mr R Mason.
The loan is interest free and repayable on demand.
13. Ultimate Controlling Party
The company is under the control of Mr R Mason & Mrs K Mason, who are interested in 100% of the company's issued share capital.
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