Acorah Software Products - Accounts Production 16.3.350 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 10599504 C M Smith M A Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10599504 2024-02-29 10599504 2025-02-28 10599504 2024-03-01 2025-02-28 10599504 frs-core:CurrentFinancialInstruments 2025-02-28 10599504 frs-core:FurnitureFittings 2025-02-28 10599504 frs-core:FurnitureFittings 2024-03-01 2025-02-28 10599504 frs-core:FurnitureFittings 2024-02-29 10599504 frs-core:NetGoodwill 2025-02-28 10599504 frs-core:NetGoodwill 2024-03-01 2025-02-28 10599504 frs-core:NetGoodwill 2024-02-29 10599504 frs-core:MotorVehicles 2025-02-28 10599504 frs-core:MotorVehicles 2024-03-01 2025-02-28 10599504 frs-core:MotorVehicles 2024-02-29 10599504 frs-core:PlantMachinery 2025-02-28 10599504 frs-core:PlantMachinery 2024-03-01 2025-02-28 10599504 frs-core:PlantMachinery 2024-02-29 10599504 frs-core:ShareCapital 2025-02-28 10599504 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 10599504 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 10599504 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 10599504 frs-bus:SmallEntities 2024-03-01 2025-02-28 10599504 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 10599504 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 10599504 frs-bus:Director1 2024-03-01 2025-02-28 10599504 frs-bus:Director2 2024-03-01 2025-02-28 10599504 frs-countries:EnglandWales 2024-03-01 2025-02-28 10599504 2023-02-28 10599504 2024-02-29 10599504 2023-03-01 2024-02-29 10599504 frs-core:CurrentFinancialInstruments 2024-02-29 10599504 frs-core:ShareCapital 2024-02-29 10599504 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 10599504
Smith & Ellis Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
The Boss Partnership
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10599504
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 9,900 14,850
Tangible Assets 5 6,992 7,432
16,892 22,282
CURRENT ASSETS
Stocks 6 8,550 5,550
Debtors 7 4,426 3,038
Cash at bank and in hand 10,946 15,777
23,922 24,365
Creditors: Amounts Falling Due Within One Year 8 (124,512 ) (97,870 )
NET CURRENT ASSETS (LIABILITIES) (100,590 ) (73,505 )
TOTAL ASSETS LESS CURRENT LIABILITIES (83,698 ) (51,223 )
NET LIABILITIES (83,698 ) (51,223 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (83,798 ) (51,323 )
SHAREHOLDERS' FUNDS (83,698) (51,223)
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Page 2
For the year ending 28 February 2025 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
M A Smith
Director
29/05/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Smith & Ellis Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10599504 . The registered office is No1 Parkside Court, Greenhough Road, Lichfield, Staffordshire, WS13 7FE.
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 .... 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:
Plant & Machinery 25% RB
Motor Vehicles 25% RB
Fixtures & Fittings 25% RB
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 was: 3 (2024: 2)
3 2
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4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2024 49,500
As at 28 February 2025 49,500
Amortisation
As at 1 March 2024 34,650
Provided during the period 4,950
As at 28 February 2025 39,600
Net Book Value
As at 28 February 2025 9,900
As at 1 March 2024 14,850
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 March 2024 10,000 3,750 7,172 20,922
Additions 1,700 - - 1,700
As at 28 February 2025 11,700 3,750 7,172 22,622
Depreciation
As at 1 March 2024 4,375 3,249 5,866 13,490
Provided during the period 1,689 125 326 2,140
As at 28 February 2025 6,064 3,374 6,192 15,630
Net Book Value
As at 28 February 2025 5,636 376 980 6,992
As at 1 March 2024 5,625 501 1,306 7,432
6. Stocks
2025 2024
£ £
Stock 8,550 -
Payments on account - 5,550
8,550 5,550
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7. Debtors
2025 2024
£ £
Due within one year
Other debtors 4,426 3,038
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1 1
Other creditors 112,864 89,099
Taxation and social security 11,647 8,770
124,512 97,870
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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