Acorah Software Products - Accounts Production 16.3.350 false true true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 13172935 Andrew Stephenson Abby Stephenson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13172935 2024-01-31 13172935 2025-01-31 13172935 2024-02-01 2025-01-31 13172935 frs-core:ComputerEquipment 2024-02-01 2025-01-31 13172935 frs-core:ShareCapital 2025-01-31 13172935 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 13172935 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 13172935 frs-bus:AbridgedAccounts 2024-02-01 2025-01-31 13172935 frs-bus:SmallEntities 2024-02-01 2025-01-31 13172935 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 13172935 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 13172935 frs-bus:OrdinaryShareClass1 2024-02-01 2025-01-31 13172935 frs-bus:OrdinaryShareClass1 2025-01-31 13172935 frs-bus:Director1 2024-02-01 2025-01-31 13172935 frs-bus:Director2 2024-02-01 2025-01-31 13172935 frs-countries:EnglandWales 2024-02-01 2025-01-31 13172935 2023-01-31 13172935 2024-01-31 13172935 2023-02-01 2024-01-31 13172935 frs-core:ShareCapital 2024-01-31 13172935 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 13172935 frs-bus:OrdinaryShareClass1 2023-02-01 2024-01-31
Registered number: 13172935
Stephenson Gaming Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Abridged Statement of Financial Position 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Statement of Financial Position
Registered number: 13172935
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 5,955 6,380
Tangible Assets 5 37,871 22,490
43,826 28,870
CURRENT ASSETS
Stocks 62,347 22,938
Debtors 7,397 4,821
Cash at bank and in hand 1,589,186 1,534,037
1,658,930 1,561,796
Creditors: Amounts Falling Due Within One Year (89,916 ) (166,426 )
NET CURRENT ASSETS (LIABILITIES) 1,569,014 1,395,370
TOTAL ASSETS LESS CURRENT LIABILITIES 1,612,840 1,424,240
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,106 ) (5,622 )
NET ASSETS 1,603,734 1,418,618
CAPITAL AND RESERVES
Called up share capital 6 100 100
Income Statement 1,603,634 1,418,518
SHAREHOLDERS' FUNDS 1,603,734 1,418,618
Page 1
Page 2
For the year ending 31 January 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 Income Statement.
All of the company's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 31 January 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Andrew Stephenson
Director
Abby Stephenson
Director
21/05/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Stephenson Gaming Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13172935 . The registered office is C/O Suite 3 Rake House Farm, Rake Lane, Whitley Bay, Tyne And Wear, NE29 8EQ.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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:
Computer Equipment 25% Reducing balance basis
2.5. Stocks and Work in Progress
Income Recognition
Revenue is recognised at the point at which services are supplied. Where services have been performed and the proportion not invoiced until after the year end, specific revenue is recognised and provided for by refernce to the value of work performed.
2.6. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 3 (2024: 2)
3 2
Page 3
Page 4
4. Intangible Assets
Total
£
Cost
As at 1 February 2024 6,380
As at 31 January 2025 6,380
Amortisation
As at 1 February 2024 -
Provided during the period 425
As at 31 January 2025 425
Net Book Value
As at 31 January 2025 5,955
As at 1 February 2024 6,380
5. Tangible Assets
Total
£
Cost
As at 1 February 2024 35,605
Additions 28,005
As at 31 January 2025 63,610
Depreciation
As at 1 February 2024 13,115
Provided during the period 12,624
As at 31 January 2025 25,739
Net Book Value
As at 31 January 2025 37,871
As at 1 February 2024 22,490
6. Share Capital
2025 2024
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.000 each 100 100
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