Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2024 11 April 2023 false 1 April 2024 31 March 2025 31 March 2025 14791208 Dr S B Oldfield iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14791208 2024-03-31 14791208 2025-03-31 14791208 2024-04-01 2025-03-31 14791208 frs-core:CurrentFinancialInstruments 2025-03-31 14791208 frs-core:FurnitureFittings 2025-03-31 14791208 frs-core:FurnitureFittings 2024-04-01 2025-03-31 14791208 frs-core:FurnitureFittings 2024-03-31 14791208 frs-core:ShareCapital 2025-03-31 14791208 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 14791208 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 14791208 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 14791208 frs-bus:SmallEntities 2024-04-01 2025-03-31 14791208 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 14791208 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 14791208 frs-core:DeferredTaxation 2024-04-01 2025-03-31 14791208 frs-core:DeferredTaxation 2025-03-31 14791208 frs-bus:Director1 2024-04-01 2025-03-31 14791208 frs-countries:EnglandWales 2024-04-01 2025-03-31 14791208 2023-04-10 14791208 2024-03-31 14791208 2023-04-11 2024-03-31 14791208 frs-core:CurrentFinancialInstruments 2024-03-31 14791208 frs-core:ShareCapital 2024-03-31 14791208 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 14791208
SB Oldfield Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14791208
31 March 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,709 -
2,709 -
CURRENT ASSETS
Debtors 5 99,762 8,533
Cash at bank and in hand 18,512 52,233
118,274 60,766
Creditors: Amounts Falling Due Within One Year 6 (22,392 ) (20,700 )
NET CURRENT ASSETS (LIABILITIES) 95,882 40,066
TOTAL ASSETS LESS CURRENT LIABILITIES 98,591 40,066
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (515 ) -
NET ASSETS 98,076 40,066
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 97,976 39,966
SHAREHOLDERS' FUNDS 98,076 40,066
For the year ending 31 March 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 Profit and Loss Account.
On behalf of the board
Dr S B Oldfield
Director
06/08/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
SB Oldfield Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14791208 . The registered office is 216 Norton Lane, Sheffield, S8 8HB.
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.
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:
Fixtures & Equipment 20% 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Fixtures & Equipment
£
Cost
As at 1 April 2024 -
Additions 3,187
As at 31 March 2025 3,187
Depreciation
As at 1 April 2024 -
Provided during the period 478
As at 31 March 2025 478
Net Book Value
As at 31 March 2025 2,709
As at 1 April 2024 -
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Page 3
5. Debtors
31 March 2025 31 March 2024
£ £
Due within one year
Trade debtors 11,762 8,533
Due after more than one year
Amounts owed by participating interests 88,000 -
99,762 8,533
6. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 March 2024
£ £
Other loans 797 -
Corporation tax 20,458 19,497
Accruals and deferred income 899 719
Director's loan account 238 484
22,392 20,700
7. Deferred Taxation
The provision for deferred tax is made up as follows:
31 March 2025 31 March 2024
£ £
Other timing differences 515 -
8. Provisions for Liabilities
Deferred Tax Total
£ £
Deferred taxation 515 515
Balance at 31 March 2025 515 515
Provision is made for the potential charge to tax that would arise should the company dispose of its fixed assets at the stated net book value to the extent that this is in excess of the tax written down value.
9. Share Capital
31 March 2025 31 March 2024
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
During the year, the company loaned monies to Oldfield Estate Management Ltd, a company in which the director is also a director. The loan is interest-free.
Page 3