Acorah Software Products - Accounts Production 16.3.350 false true 29 September 2023 1 October 2022 false 30 September 2023 30 September 2024 30 September 2024 05277425 Mr Justin Gilchrist Mr Justin Gilchrist iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05277425 2023-09-29 05277425 2024-09-30 05277425 2023-09-30 2024-09-30 05277425 frs-core:CurrentFinancialInstruments 2024-09-30 05277425 frs-core:Non-currentFinancialInstruments 2024-09-30 05277425 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-30 2024-09-30 05277425 frs-core:FurnitureFittings 2024-09-30 05277425 frs-core:FurnitureFittings 2023-09-30 2024-09-30 05277425 frs-core:FurnitureFittings 2023-09-29 05277425 frs-core:NetGoodwill 2024-09-30 05277425 frs-core:NetGoodwill 2023-09-30 2024-09-30 05277425 frs-core:NetGoodwill 2023-09-29 05277425 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-30 05277425 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 2024-09-30 05277425 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-29 05277425 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 05277425 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 2024-09-30 05277425 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-29 05277425 frs-core:MotorVehicles 2024-09-30 05277425 frs-core:MotorVehicles 2023-09-30 2024-09-30 05277425 frs-core:MotorVehicles 2023-09-29 05277425 frs-core:OtherResidualIntangibleAssets 2024-09-30 05277425 frs-core:OtherResidualIntangibleAssets 2023-09-30 2024-09-30 05277425 frs-core:OtherResidualIntangibleAssets 2023-09-29 05277425 frs-core:PlantMachinery 2024-09-30 05277425 frs-core:PlantMachinery 2023-09-30 2024-09-30 05277425 frs-core:PlantMachinery 2023-09-29 05277425 frs-core:SharePremium 2024-09-30 05277425 frs-core:ShareCapital 2024-09-30 05277425 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 05277425 frs-bus:PrivateLimitedCompanyLtd 2023-09-30 2024-09-30 05277425 frs-bus:FilletedAccounts 2023-09-30 2024-09-30 05277425 frs-bus:SmallEntities 2023-09-30 2024-09-30 05277425 frs-bus:AuditExempt-NoAccountantsReport 2023-09-30 2024-09-30 05277425 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-30 2024-09-30 05277425 frs-bus:Director1 2023-09-30 2024-09-30 05277425 frs-bus:CompanySecretary1 2023-09-30 2024-09-30 05277425 frs-countries:EnglandWales 2023-09-30 2024-09-30 05277425 2022-09-30 05277425 2023-09-29 05277425 2022-10-01 2023-09-29 05277425 frs-core:CurrentFinancialInstruments 2023-09-29 05277425 frs-core:Non-currentFinancialInstruments 2023-09-29 05277425 frs-core:SharePremium 2023-09-29 05277425 frs-core:ShareCapital 2023-09-29 05277425 frs-core:RetainedEarningsAccumulatedLosses 2023-09-29
Registered number: 05277425
Southern Hospitality UK Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Bennett Verby Limited
7 St Petersgate
Stockport
Cheshire
SK1 1EB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05277425
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 117 3,957
Tangible Assets 5 385,712 403,391
385,829 407,348
CURRENT ASSETS
Stocks 6 27,200 22,000
Debtors 7 447,657 490,549
Cash at bank and in hand 20,003 22,538
494,860 535,087
Creditors: Amounts Falling Due Within One Year 8 (188,590 ) (226,339 )
NET CURRENT ASSETS (LIABILITIES) 306,270 308,748
TOTAL ASSETS LESS CURRENT LIABILITIES 692,099 716,096
Creditors: Amounts Falling Due After More Than One Year 9 (93,533 ) (174,028 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,305 ) (15,706 )
NET ASSETS 585,261 526,362
CAPITAL AND RESERVES
Called up share capital 10 945 945
Share premium account 11,176 11,176
Profit and Loss Account 573,140 514,241
SHAREHOLDERS' FUNDS 585,261 526,362
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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 Profit and Loss Account.
On behalf of the board
Mr Justin Gilchrist
Director
20 May 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Southern Hospitality UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05277425 . The registered office is 1 Rebirth House Europa Triangle, John Gilbert Way, Trafford Park, Manchester, M17 1FP.
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 10 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Website costs It is amortised to profit and loss account over its estimated economic life of 3 years.
2.5. 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 NIL
Property improvements 2% straight line
Plant & Machinery 6.67% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 21 (2023: 7)
21 7
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 30 September 2023 10,000 20,238 30,238
As at 30 September 2024 10,000 20,238 30,238
Amortisation
As at 30 September 2023 10,000 16,281 26,281
Provided during the period - 3,840 3,840
As at 30 September 2024 10,000 20,121 30,121
Net Book Value
As at 30 September 2024 - 117 117
As at 30 September 2023 - 3,957 3,957
5. Tangible Assets
Land & Property
Leasehold Property improvements Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 30 September 2023 - 455,335 57,630 10,200
Disposals - - - -
Transfers 328,476 (328,476 ) (47,785 ) 47,785
As at 30 September 2024 328,476 126,859 9,845 57,985
...CONTINUED
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Depreciation
As at 30 September 2023 - 122,432 24,180 1,488
Provided during the period - 410 656 9,006
Disposals - - - -
Transfers 14,781 (14,781 ) (20,472 ) 20,472
As at 30 September 2024 14,781 108,061 4,364 30,966
Net Book Value
As at 30 September 2024 313,695 18,798 5,481 27,019
As at 30 September 2023 - 332,903 33,450 8,712
Fixtures & Fittings Total
£ £
Cost
As at 30 September 2023 82,625 605,790
Disposals (2,064 ) (2,064 )
Transfers - -
As at 30 September 2024 80,561 603,726
Depreciation
As at 30 September 2023 54,299 202,399
Provided during the period 7,081 17,153
Disposals (1,538 ) (1,538 )
Transfers - -
As at 30 September 2024 59,842 218,014
Net Book Value
As at 30 September 2024 20,719 385,712
As at 30 September 2023 28,326 403,391
6. Stocks
2024 2023
£ £
Stock 27,200 22,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 68,754 70,873
Amounts owed by participating interests 334,782 375,237
Other debtors 44,121 44,439
447,657 490,549
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 36,909 31,508
Bank loans and overdrafts 87,395 86,837
Other creditors 6,596 54,793
Taxation and social security 57,690 53,201
188,590 226,339
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 93,533 174,028
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 945 945
11. Related Party Transactions
Included within other debtors at the year end is an amount of £15,000 (2023: £15,000) owed to the company by Rebirth Capital. And also, included within other debtors is £319,782 (2023: £360,237) owed to the company by Global Giving Solutions Ltd.
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