Acorah Software Products - Accounts Production 16.4.660 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10166384 P Foers J V Rose iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10166384 2023-12-31 10166384 2024-12-31 10166384 2024-01-01 2024-12-31 10166384 frs-core:CurrentFinancialInstruments 2024-12-31 10166384 frs-core:Non-currentFinancialInstruments 2024-12-31 10166384 frs-core:BetweenOneFiveYears 2024-12-31 10166384 frs-core:ComputerEquipment 2024-12-31 10166384 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10166384 frs-core:ComputerEquipment 2023-12-31 10166384 frs-core:MotorVehicles 2024-12-31 10166384 frs-core:MotorVehicles 2024-01-01 2024-12-31 10166384 frs-core:MotorVehicles 2023-12-31 10166384 frs-core:PlantMachinery 2024-12-31 10166384 frs-core:PlantMachinery 2024-01-01 2024-12-31 10166384 frs-core:PlantMachinery 2023-12-31 10166384 frs-core:WithinOneYear 2024-12-31 10166384 frs-core:ShareCapital 2024-12-31 10166384 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10166384 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10166384 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10166384 frs-bus:SmallEntities 2024-01-01 2024-12-31 10166384 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10166384 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10166384 frs-bus:Director1 2024-01-01 2024-12-31 10166384 frs-bus:Director2 2024-01-01 2024-12-31 10166384 frs-countries:EnglandWales 2024-01-01 2024-12-31 10166384 2022-12-31 10166384 2023-12-31 10166384 2023-01-01 2023-12-31 10166384 frs-core:CurrentFinancialInstruments 2023-12-31 10166384 frs-core:Non-currentFinancialInstruments 2023-12-31 10166384 frs-core:BetweenOneFiveYears 2023-12-31 10166384 frs-core:MotorVehicles 2023-01-01 2023-12-31 10166384 frs-core:WithinOneYear 2023-12-31 10166384 frs-core:ShareCapital 2023-12-31 10166384 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10166384
Serentipi Ltd
Financial Statements
For The Year Ended 31 December 2024
Gravitate Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10166384
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 137,572 122,301
137,572 122,301
CURRENT ASSETS
Debtors 5 11,386 10,566
Cash at bank and in hand 41,792 106,430
53,178 116,996
Creditors: Amounts Falling Due Within One Year 6 (58,739 ) (100,955 )
NET CURRENT ASSETS (LIABILITIES) (5,561 ) 16,041
TOTAL ASSETS LESS CURRENT LIABILITIES 132,011 138,342
Creditors: Amounts Falling Due After More Than One Year 7 (65,966 ) (29,286 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (26,139 ) (23,237 )
NET ASSETS 39,906 85,819
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 39,904 85,817
SHAREHOLDERS' FUNDS 39,906 85,819
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Page 2
For the year ending 31 December 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
P Foers
Director
13th May 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
Serentipi Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10166384 . The registered office is Unit 12 & 12a Adwick Business Park, Adwick Park Court, Doncaster, DN6 7HD.
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.
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 on the following bases:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 33% Straight Line
2.4. 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.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 10)
6 10
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 251,165 54,342 6,189 311,696
Additions 2,593 45,995 149 48,737
As at 31 December 2024 253,758 100,337 6,338 360,433
Depreciation
As at 1 January 2024 160,702 24,382 4,311 189,395
Provided during the period 18,347 14,197 922 33,466
As at 31 December 2024 179,049 38,579 5,233 222,861
Net Book Value
As at 31 December 2024 74,709 61,758 1,105 137,572
As at 1 January 2024 90,463 29,960 1,878 122,301
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 39,287 -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,537 6,125
Other debtors 3,849 4,441
11,386 10,566
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,600 -
Trade creditors 1,675 1,575
Bank loans and overdrafts 5,567 6,438
Other taxes and social security 9,872 43,395
Other creditors 36,025 49,547
58,739 100,955
Assets held under hire purchase contracts are secured on the relevant fixed assets.
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 36,997 -
Bank loans 24,590 29,286
Other creditors 4,379 -
65,966 29,286
Assets held under hire purchase contracts are secured on the relevant fixed assets.
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,600 -
Later than one year and not later than five years 36,997 -
42,597 -
42,597 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Related Party Transactions
Included within other creditors are loans from related parties amounting to £5.046 (2023: £4,411). These loans are unsecured, interest free and repayable on demand.
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