Acorah Software Products - Accounts Production 16.7.461 false true false 23 February 2024 28 February 2025 28 February 2025 15516982 Mr Adrian Gorka Bond Mrs Emily Gorka Bond iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15516982 2024-02-22 15516982 2025-02-28 15516982 2024-02-23 2025-02-28 15516982 frs-core:CurrentFinancialInstruments 2025-02-28 15516982 frs-core:ShareCapital 2025-02-28 15516982 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 15516982 frs-bus:PrivateLimitedCompanyLtd 2024-02-23 2025-02-28 15516982 frs-bus:FilletedAccounts 2024-02-23 2025-02-28 15516982 frs-bus:SmallEntities 2024-02-23 2025-02-28 15516982 frs-bus:AuditExempt-NoAccountantsReport 2024-02-23 2025-02-28 15516982 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-23 2025-02-28 15516982 frs-bus:Director1 2024-02-23 2025-02-28 15516982 frs-bus:Director2 2024-02-23 2025-02-28 15516982 frs-countries:EnglandWales 2024-02-23 2025-02-28
Registered number: 15516982
1st Sovereign Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 15516982
2025
Notes £ £
CURRENT ASSETS
Stocks 4 140,000
Cash at bank and in hand 145,189
285,189
Creditors: Amounts Falling Due Within One Year 6 (239,883 )
NET CURRENT ASSETS (LIABILITIES) 45,306
TOTAL ASSETS LESS CURRENT LIABILITIES 45,306
NET ASSETS 45,306
CAPITAL AND RESERVES
Called up share capital 7 100
Profit and Loss Account 45,206
SHAREHOLDERS' FUNDS 45,306
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 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 Adrian Gorka Bond
Director
10th December 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
1st Sovereign Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15516982 . The registered office is 139-141 Watling Street, Gillingham, Kent, ME7 2YY.
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 . Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. 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.
2.4. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
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 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.
2.6. Cash and cash equivalents
 Cash is represented by cash in hand and deposits with financial institutions.
2.7. Creditors
Creditors are measured at transaction price.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2
2
Page 2
Page 3
4. Stocks
2025
£
Finished goods 140,000
5. Debtors
2025
£
Due within one year
6. Creditors: Amounts Falling Due Within One Year
2025
£
Trade creditors 28,839
Other creditors 169,920
Taxation and social security 41,124
239,883
7. Share Capital
2025
£
Allotted, Called up and fully paid 100
Page 3