Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 04621634 Mrs S Patel Dr A Patel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04621634 2023-12-31 04621634 2024-12-31 04621634 2024-01-01 2024-12-31 04621634 frs-core:CurrentFinancialInstruments 2024-12-31 04621634 frs-core:Non-currentFinancialInstruments 2024-12-31 04621634 frs-core:ComputerEquipment 2024-12-31 04621634 frs-core:ComputerEquipment 2024-01-01 2024-12-31 04621634 frs-core:ComputerEquipment 2023-12-31 04621634 frs-core:FurnitureFittings 2024-12-31 04621634 frs-core:FurnitureFittings 2024-01-01 2024-12-31 04621634 frs-core:FurnitureFittings 2023-12-31 04621634 frs-core:NetGoodwill 2024-12-31 04621634 frs-core:NetGoodwill 2024-01-01 2024-12-31 04621634 frs-core:NetGoodwill 2023-12-31 04621634 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 04621634 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 04621634 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 04621634 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 04621634 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04621634 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 04621634 frs-core:MotorVehicles 2024-12-31 04621634 frs-core:MotorVehicles 2024-01-01 2024-12-31 04621634 frs-core:MotorVehicles 2023-12-31 04621634 frs-core:RevaluationReserve 2024-12-31 04621634 frs-core:SharePremium 2024-12-31 04621634 frs-core:ShareCapital 2024-12-31 04621634 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04621634 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04621634 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04621634 frs-bus:SmallEntities 2024-01-01 2024-12-31 04621634 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04621634 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04621634 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 04621634 frs-core:CostValuation 2023-12-31 04621634 frs-core:AdditionsToInvestments 2024-12-31 04621634 frs-core:CostValuation 2024-12-31 04621634 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 04621634 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 04621634 frs-bus:Director1 2024-01-01 2024-12-31 04621634 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 04621634 frs-countries:EnglandWales 2024-01-01 2024-12-31 04621634 2022-12-31 04621634 2023-12-31 04621634 2023-01-01 2023-12-31 04621634 frs-core:CurrentFinancialInstruments 2023-12-31 04621634 frs-core:Non-currentFinancialInstruments 2023-12-31 04621634 frs-core:RevaluationReserve 2023-12-31 04621634 frs-core:SharePremium 2023-12-31 04621634 frs-core:ShareCapital 2023-12-31 04621634 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04621634 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31
Registered number: 04621634
S&A Pharma Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Affinity Associates (Flemmings) Limited
Accountants and Statutory Auditors
76 Canterbury Road
Croydon
Surrey
CR0 3HA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 04621634
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 89,905 199,655
Tangible Assets 5 319,002 397,557
Investment Properties 6 300,000 300,000
Investments 7 250,000 -
958,907 897,212
CURRENT ASSETS
Stocks 182,484 178,306
Debtors 8 846,472 818,068
Cash at bank and in hand 486,852 607,927
1,515,808 1,604,301
Creditors: Amounts Falling Due Within One Year 9 (559,627 ) (584,011 )
NET CURRENT ASSETS (LIABILITIES) 956,181 1,020,290
TOTAL ASSETS LESS CURRENT LIABILITIES 1,915,088 1,917,502
Creditors: Amounts Falling Due After More Than One Year 10 (540,370 ) (659,915 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (64,778 ) (87,995 )
NET ASSETS 1,309,940 1,169,592
CAPITAL AND RESERVES
Called up share capital 110 110
Share premium account 99,990 99,990
Revaluation reserve 42,430 42,430
Fair value reserve 65,241 65,241
Profit and Loss Account 1,102,169 961,821
SHAREHOLDERS' FUNDS 1,309,940 1,169,592
Page 1
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs S Patel
Director
30 September 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
S&A Pharma Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04621634 . The registered office is 376 Barking Road, Plaistow, London, E13 8HL .
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.
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.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of over 10 years.
2.5. 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:
Freehold Straight line basis over 50 years
Leasehold Over the lease term
Motor Vehicles 15% on reducing balance method
Fixtures & Fittings 15% on reducing balance method
Computer Equipment 15% on reducing balance method
2.6. 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 profit and loss account.
2.7. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.8. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.9. 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: 14 (2023: 12)
14 12
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 1,827,555
As at 31 December 2024 1,827,555
Amortisation
As at 1 January 2024 1,627,900
Provided during the period 109,750
As at 31 December 2024 1,737,650
Net Book Value
As at 31 December 2024 89,905
As at 1 January 2024 199,655
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5. Tangible Assets
Land & Property
Freehold Leasehold Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 235,312 30,384 113,534 260,957
Additions 5,000 19,230 - 5,016
Disposals - - (113,534 ) -
As at 31 December 2024 240,312 49,614 - 265,973
Depreciation
As at 1 January 2024 42,083 14,703 38,355 168,473
Provided during the period 4,806 3,308 - 19,825
Disposals - - (38,355 ) -
As at 31 December 2024 46,889 18,011 - 188,298
Net Book Value
As at 31 December 2024 193,423 31,603 - 77,675
As at 1 January 2024 193,229 15,681 75,179 92,484
Computer Equipment Total
£ £
Cost
As at 1 January 2024 48,013 688,200
Additions - 29,246
Disposals - (113,534 )
As at 31 December 2024 48,013 603,912
Depreciation
As at 1 January 2024 27,029 290,643
Provided during the period 4,683 32,622
Disposals - (38,355 )
As at 31 December 2024 31,712 284,910
Net Book Value
As at 31 December 2024 16,301 319,002
As at 1 January 2024 20,984 397,557
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Page 6
6. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 300,000
The valuation was on an open market basis. The director is of the opinion that the value of the investment properties was £300,000 as at 31 December 2024. 
The historic cost of the investment properties were £211,172 (2023 - £211,172). The depreciation on this historical cost is £Nil (2023 - £Nil). 
There has been no valuation of investment property by an independent valuer. 
7. Investments
Joint Ventures
£
Cost
As at 1 January 2024 -
Additions 250,000
As at 31 December 2024 250,000
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 250,000
As at 1 January 2024 -
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 271,073 249,296
Other debtors 575,399 568,772
846,472 818,068
Other debtors include three loans totalling £211,564 (2023 : £536,564) provided by the company to three separate entities. For the loans amounting to £211,564 the interest receivable on these loans varies between 10% - 12% per annum. However, no interest has been accrued for during the year as the ultimate borrowers have gone into administration and it is unlikely any interest will be receivable. The remaining loan provided amounting to £325,000 (2023 : £325,000) is interest free with no fixed repayment terms agreed.
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9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 17,396
Trade creditors 286,781 300,513
Bank loans and overdrafts 104,050 88,554
Other creditors 68,289 63,649
Taxation and social security 100,507 113,899
559,627 584,011
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 540,370 659,915
Bank Borrowings
The bank borrowings are denominated in Pound Sterling. Interest is payable at a rate of 2.65% plus the bank base rate and the last instalment to be paid on the borrowings is due on 26 October 2025. The canying amount of the borrowings at year end is £644,419 (2023: £748,469). 
The bank borrowing is secured by the following: 
I. A mortgage debenture created on 3 October 2012.
2. A first legal charge over the freehold and leasehold properties from which the company trades from.
3. A personal guarantee limited to £140,000 from Mrs S Patel and an assignment of a life policy for £530,000 on her life. Mrs S Patel is a director and a shareholder in the company.
11. Other Commitments
Amounts not provided for in the balance sheet.
The total amount of financial commitments not included in the balance sheet is £233,595 (2023 - £263,595). This relates to the outstanding commitments for future minimum lease payments under a non-cancellable operating lease for one of the properties which the company trades from. 
12. Related Party Transactions
Other transactions with directors
Mrs S Patel 
(Director and Shareholder) 
Mrs S Patel has provided a personal guarantee limited to £140,000 and an assignment over her life policy in the sum of £530,000 as security towards the company's bank borrowings. 
During the year £23,540 dividend was paid to Mrs S Patel (2023 - £27,500). 
At the balance sheet date the amount due to Mrs S Patel was £64,309 (2023 - £60,191). 
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