Acorah Software Products - Accounts Production 16.4.675 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 08421108 Mr Sandro Gatillo iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08421108 2024-02-29 08421108 2025-02-28 08421108 2024-03-01 2025-02-28 08421108 frs-core:CurrentFinancialInstruments 2025-02-28 08421108 frs-core:Non-currentFinancialInstruments 2025-02-28 08421108 frs-core:ComputerEquipment 2025-02-28 08421108 frs-core:ComputerEquipment 2024-03-01 2025-02-28 08421108 frs-core:ComputerEquipment 2024-02-29 08421108 frs-core:FurnitureFittings 2025-02-28 08421108 frs-core:FurnitureFittings 2024-03-01 2025-02-28 08421108 frs-core:FurnitureFittings 2024-02-29 08421108 frs-core:InvestmentPropertyIncludedWithinPPE 2025-02-28 08421108 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-01 2025-02-28 08421108 frs-core:InvestmentPropertyIncludedWithinPPE 2024-02-29 08421108 frs-core:MotorVehicles 2025-02-28 08421108 frs-core:MotorVehicles 2024-03-01 2025-02-28 08421108 frs-core:MotorVehicles 2024-02-29 08421108 frs-core:PlantMachinery 2025-02-28 08421108 frs-core:PlantMachinery 2024-03-01 2025-02-28 08421108 frs-core:PlantMachinery 2024-02-29 08421108 frs-core:ShareCapital 2025-02-28 08421108 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 08421108 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 08421108 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 08421108 frs-bus:SmallEntities 2024-03-01 2025-02-28 08421108 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 08421108 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 08421108 frs-bus:Director1 2024-03-01 2025-02-28 08421108 frs-countries:EnglandWales 2024-03-01 2025-02-28 08421108 2023-02-28 08421108 2024-02-29 08421108 2023-03-01 2024-02-29 08421108 frs-core:CurrentFinancialInstruments 2024-02-29 08421108 frs-core:Non-currentFinancialInstruments 2024-02-29 08421108 frs-core:ShareCapital 2024-02-29 08421108 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 08421108
SGNP Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 08421108
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 230,149 237,267
230,149 237,267
CURRENT ASSETS
Cash at bank and in hand 40,949 35,209
40,949 35,209
Creditors: Amounts Falling Due Within One Year 6 (23,600 ) (32,688 )
NET CURRENT ASSETS (LIABILITIES) 17,349 2,521
TOTAL ASSETS LESS CURRENT LIABILITIES 247,498 239,788
Creditors: Amounts Falling Due After More Than One Year 7 (75,675 ) (76,175 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,529 ) (10,881 )
NET ASSETS 162,294 152,732
CAPITAL AND RESERVES
Called up share capital 8 1 1
Income Statement 162,293 152,731
SHAREHOLDERS' FUNDS 162,294 152,732
Page 1
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 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 Sandro Gatillo
Director
2nd July 2025
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
SGNP Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08421108 . The registered office is Chalice House, Bromley Road, Colchester, Essex, CO7 7BY.
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 on the following bases:
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
Page 3
Page 4
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: 5 (2024: 3)
5 3
4. Tangible Assets
Investment Properties Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 March 2024 180,000 12,429 58,380 7,619
Additions - 8,500 - 529
As at 28 February 2025 180,000 20,929 58,380 8,148
Depreciation
As at 1 March 2024 - 3,865 25,541 5,875
Provided during the period - 4,266 8,210 568
As at 28 February 2025 - 8,131 33,751 6,443
...CONTINUED
Page 4
Page 5
Net Book Value
As at 28 February 2025 180,000 12,798 24,629 1,705
As at 1 March 2024 180,000 8,564 32,839 1,744
Computer Equipment Total
£ £
Cost
As at 1 March 2024 45,295 303,723
Additions 569 9,598
As at 28 February 2025 45,864 313,321
Depreciation
As at 1 March 2024 31,175 66,456
Provided during the period 3,672 16,716
As at 28 February 2025 34,847 83,172
Net Book Value
As at 28 February 2025 11,017 230,149
As at 1 March 2024 14,120 237,267
5. Debtors
2025 2024
£ £
Due within one year
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 7,500 7,500
Corporation tax 9,377 9,507
Other taxes and social security 110 -
Net wages 1,415 177
Other creditors 2,831 5,286
Director's loan account 2,367 10,218
23,600 32,688
Page 5
Page 6
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,875 9,375
Other creditors 73,800 66,800
75,675 76,175
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 6