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 08706491 Mrs Rimple Kumari Mr Rajesh Vasishat iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08706491 2023-09-30 08706491 2024-09-30 08706491 2023-10-01 2024-09-30 08706491 frs-core:CurrentFinancialInstruments 2024-09-30 08706491 frs-core:Non-currentFinancialInstruments 2024-09-30 08706491 frs-core:FurnitureFittings 2024-09-30 08706491 frs-core:FurnitureFittings 2023-10-01 2024-09-30 08706491 frs-core:FurnitureFittings 2023-09-30 08706491 frs-core:NetGoodwill 2024-09-30 08706491 frs-core:NetGoodwill 2023-10-01 2024-09-30 08706491 frs-core:NetGoodwill 2023-09-30 08706491 frs-core:OtherResidualIntangibleAssets 2024-09-30 08706491 frs-core:OtherResidualIntangibleAssets 2023-10-01 2024-09-30 08706491 frs-core:OtherResidualIntangibleAssets 2023-09-30 08706491 frs-core:PlantMachinery 2024-09-30 08706491 frs-core:PlantMachinery 2023-10-01 2024-09-30 08706491 frs-core:PlantMachinery 2023-09-30 08706491 frs-core:ShareCapital 2024-09-30 08706491 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 08706491 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08706491 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 08706491 frs-bus:SmallEntities 2023-10-01 2024-09-30 08706491 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08706491 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 08706491 frs-bus:Director1 2023-10-01 2024-09-30 08706491 frs-bus:Director2 2023-10-01 2024-09-30 08706491 frs-countries:EnglandWales 2023-10-01 2024-09-30 08706491 2022-09-30 08706491 2023-09-30 08706491 2022-10-01 2023-09-30 08706491 frs-core:CurrentFinancialInstruments 2023-09-30 08706491 frs-core:Non-currentFinancialInstruments 2023-09-30 08706491 frs-core:ShareCapital 2023-09-30 08706491 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Sknd Subs Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
GZS Accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08706491
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,980 2,200
Tangible Assets 5 14,637 14,178
16,617 16,378
CURRENT ASSETS
Stocks 6 2,972 3,837
Debtors 7 41,513 32,302
Cash at bank and in hand 78,633 123,094
123,118 159,233
Creditors: Amounts Falling Due Within One Year 8 (29,314 ) (53,354 )
NET CURRENT ASSETS (LIABILITIES) 93,804 105,879
TOTAL ASSETS LESS CURRENT LIABILITIES 110,421 122,257
Creditors: Amounts Falling Due After More Than One Year 9 (17,371 ) (27,447 )
NET ASSETS 93,050 94,810
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 92,950 94,710
SHAREHOLDERS' FUNDS 93,050 94,810
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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 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 Rimple Kumari
Director
30/05/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Sknd Subs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08706491 . The registered office is 2a Apton Road, Bishop's Stortford, Hertfordshire, CM23 3SN.
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. 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.
Plant & Machinery
Fixtures & Fittings
2.4. 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.
2.5. 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: 8 (2023: 8)
8 8
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4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 October 2023 180,000 4,400 184,400
As at 30 September 2024 180,000 4,400 184,400
Amortisation
As at 1 October 2023 180,000 2,200 182,200
Provided during the period - 220 220
As at 30 September 2024 180,000 2,420 182,420
Net Book Value
As at 30 September 2024 - 1,980 1,980
As at 1 October 2023 - 2,200 2,200
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 October 2023 13,040 46,772 59,812
Additions - 3,549 3,549
As at 30 September 2024 13,040 50,321 63,361
Depreciation
As at 1 October 2023 3,926 41,708 45,634
Provided during the period 1,367 1,723 3,090
As at 30 September 2024 5,293 43,431 48,724
Net Book Value
As at 30 September 2024 7,747 6,890 14,637
As at 1 October 2023 9,114 5,064 14,178
6. Stocks
2024 2023
£ £
Stock 2,972 3,837
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,206 1,244
Prepayments and accrued income 9,083 1,858
Other debtors 29,200 29,200
Pension fund 24 -
41,513 32,302
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,478 13,879
Corporation tax 1,883 1,743
VAT 7,787 32,579
Pension fund - 5
Accruals and deferred income 4,400 4,340
Directors' loan accounts 5,766 808
29,314 53,354
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 17,371 27,447
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
As at the balance sheet date, the company owed director £5,766 and (2023 - £808).
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