Acorah Software Products - Accounts Production 16.8.200 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 09061833 Mr Benjamin Hendon Mr Benjamin Hendon Mr Benjamin Hendon Mr Benjamin Hendon Mr Benjamin Hendon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09061833 2024-03-31 09061833 2025-03-31 09061833 2024-04-01 2025-03-31 09061833 frs-core:CurrentFinancialInstruments 2025-03-31 09061833 frs-core:Non-currentFinancialInstruments 2025-03-31 09061833 frs-core:ComputerEquipment 2025-03-31 09061833 frs-core:ComputerEquipment 2024-04-01 2025-03-31 09061833 frs-core:ComputerEquipment 2024-03-31 09061833 frs-core:FurnitureFittings 2025-03-31 09061833 frs-core:FurnitureFittings 2024-04-01 2025-03-31 09061833 frs-core:FurnitureFittings 2024-03-31 09061833 frs-core:MotorVehicles 2025-03-31 09061833 frs-core:MotorVehicles 2024-04-01 2025-03-31 09061833 frs-core:MotorVehicles 2024-03-31 09061833 frs-core:PlantMachinery 2025-03-31 09061833 frs-core:PlantMachinery 2024-04-01 2025-03-31 09061833 frs-core:PlantMachinery 2024-03-31 09061833 frs-core:ShareCapital 2025-03-31 09061833 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 09061833 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09061833 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 09061833 frs-bus:SmallEntities 2024-04-01 2025-03-31 09061833 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09061833 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09061833 frs-bus:Director1 2024-04-01 2025-03-31 09061833 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 09061833 frs-countries:EnglandWales 2024-04-01 2025-03-31 09061833 2023-03-31 09061833 2024-03-31 09061833 2023-04-01 2024-03-31 09061833 frs-core:CurrentFinancialInstruments 2024-03-31 09061833 frs-core:Non-currentFinancialInstruments 2024-03-31 09061833 frs-core:ShareCapital 2024-03-31 09061833 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 09061833
Setanta Developments Ltd
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09061833
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,268 12,639
11,268 12,639
CURRENT ASSETS
Stocks 5 4,800 4,800
Debtors 6 15,312 54,959
Cash at bank and in hand 17,051 16,879
37,163 76,638
Creditors: Amounts Falling Due Within One Year 7 (60,196 ) (79,198 )
NET CURRENT ASSETS (LIABILITIES) (23,033 ) (2,560 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,765 ) 10,079
Creditors: Amounts Falling Due After More Than One Year 8 (9,699 ) (12,027 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (377 )
NET LIABILITIES (21,464 ) (2,325 )
CAPITAL AND RESERVES
Called up share capital 9 500 500
Profit and Loss Account (21,964 ) (2,825 )
SHAREHOLDERS' FUNDS (21,464) (2,325)
Page 1
Page 2
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 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.
The financial statements were approved by the board of directors on 23 December 2025 and were signed on its behalf by:
Benjamin Hendon
Mr Benjamin Hendon
Director
Mr Benjamin Hendon
Director
Mr Benjamin Hendon
Director
Mr Benjamin Hendon
Director
23rd December 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Setanta Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09061833 . The registered office is 259, Copnor Road, Portsmouth, Hampshire, PO3 5EE.
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.
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.
2.3. 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:
Plant & Machinery Over 4 years
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Straight Line Method
Computer Equipment Over 4 years
2.4. 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.
2.5. 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 year 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 asset reflects 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.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 2,856 32,970 448 2,663 38,937
Additions 362 11,500 - 486 12,348
Disposals - (32,970 ) - - (32,970 )
As at 31 March 2025 3,218 11,500 448 3,149 18,315
Depreciation
As at 1 April 2024 2,804 21,001 93 2,400 26,298
Provided during the period 85 3,014 112 115 3,326
Disposals - (22,577 ) - - (22,577 )
As at 31 March 2025 2,889 1,438 205 2,515 7,047
Net Book Value
As at 31 March 2025 329 10,062 243 634 11,268
As at 1 April 2024 52 11,969 355 263 12,639
5. Stocks
2025 2024
£ £
Stock 4,800 4,800
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 8,055 35,112
Other debtors 4,607 19,847
12,662 54,959
Due after more than one year
Amounts owed by participating interests 2,650 -
15,312 54,959
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,153 2,710
Bank loans and overdrafts 2,328 2,328
Other creditors 56,734 74,179
Taxation and social security (19 ) (19 )
60,196 79,198
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Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 9,699 12,027
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 500 500
Page 5