Acorah Software Products - Accounts Production 16.5.460 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 03294571 Mr Tim Alderson Mrs Amanda Perry Mr Richard Cochrane Mr Gurjinder Gossal Mr Mark Stevens iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03294571 2023-09-30 03294571 2024-09-30 03294571 2023-10-01 2024-09-30 03294571 frs-core:CurrentFinancialInstruments 2024-09-30 03294571 frs-core:NetGoodwill 2024-09-30 03294571 frs-core:NetGoodwill 2023-10-01 2024-09-30 03294571 frs-core:NetGoodwill 2023-09-30 03294571 frs-core:PlantMachinery 2024-09-30 03294571 frs-core:PlantMachinery 2023-10-01 2024-09-30 03294571 frs-core:PlantMachinery 2023-09-30 03294571 frs-core:ShareCapital 2024-09-30 03294571 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 03294571 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03294571 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 03294571 frs-bus:SmallEntities 2023-10-01 2024-09-30 03294571 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 03294571 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 03294571 frs-bus:Director1 2023-10-01 2024-09-30 03294571 frs-bus:Director2 2023-10-01 2024-09-30 03294571 frs-bus:Director3 2023-10-01 2024-09-30 03294571 frs-bus:Director4 2023-10-01 2024-09-30 03294571 frs-bus:Director5 2023-10-01 2024-09-30 03294571 frs-countries:EnglandWales 2023-10-01 2024-09-30 03294571 2022-09-30 03294571 2023-09-30 03294571 2022-10-01 2023-09-30 03294571 frs-core:CurrentFinancialInstruments 2023-09-30 03294571 frs-core:ShareCapital 2023-09-30 03294571 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 03294571
Seaswift Products Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
THB LLP
1&2 Studley Court Mews
Studley Court, Guildford Road
Chobham
Surrey
GU24 8EB
Seaswift Products Limited
Contents
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Seaswift Products Limited
Balance Sheet
As At 30 September 2024
Balance Sheet
Registered number: 03294571
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 75 89
75 89
CURRENT ASSETS
Debtors 6 5,444 3,559
Cash at bank and in hand 3,472 7,846
8,916 11,405
Creditors: Amounts Falling Due Within One Year 7 (58,681 ) (77,920 )
NET CURRENT ASSETS (LIABILITIES) (49,765 ) (66,515 )
TOTAL ASSETS LESS CURRENT LIABILITIES (49,690 ) (66,426 )
NET LIABILITIES (49,690 ) (66,426 )
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account (49,700 ) (66,436 )
SHAREHOLDERS' FUNDS (49,690) (66,426)
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
Mr Tim Alderson
Director
29/09/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Seaswift Products Limited
Notes to the Financial Statements
For The Year Ended 30 September 2024
Notes to the Financial Statements
1. General Information
Seaswift Products Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03294571 . The registered office is 1 & 2 Studley Court Mews Studley Court, Guildford Road, Chobham, GU24 8EB.
Parent Company
The company is a wholly owned subsidiary of International Marine Holdings Limited, a company incorporated in the United Kingdom.
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. Intangible Fixed Assets and Amortisation - Goodwill
Intangible assets are initially measured at cost. After intital recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
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:
Plant & Machinery 15% Reducing Balance
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.
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: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 860
As at 30 September 2024 860
Amortisation
As at 1 October 2023 860
As at 30 September 2024 860
...CONTINUED
Page 2
Page 3
Seaswift Products Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2024
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 -
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 October 2023 4,750
As at 30 September 2024 4,750
Depreciation
As at 1 October 2023 4,661
Provided during the period 14
As at 30 September 2024 4,675
Net Book Value
As at 30 September 2024 75
As at 1 October 2023 89
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,444 3,559
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,575 28,155
Corporation tax 4,139 4,139
VAT 12,734 6,744
Accruals and deferred income 14,233 13,882
Amounts owed to group undertakings 25,000 25,000
58,681 77,920
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
9. Contingent Liabilities
The company is currently in dispute with their former accountant over fees owed. The final liability has not yet currently been decided or settled.
Page 3
Page 4
Seaswift Products Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2024
10. Reserves
Retained 
Reserves
£   
As at 1 October 2023
(66,436)
Profit for the year
16,736 
image
As at 30 September 2024
(49,700)
image
Page 4