Acorah Software Products - Accounts Production 16.6.920 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 10241100 S Fayle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10241100 2024-03-31 10241100 2025-03-31 10241100 2024-04-01 2025-03-31 10241100 frs-core:CurrentFinancialInstruments 2025-03-31 10241100 frs-core:Non-currentFinancialInstruments 2025-03-31 10241100 frs-core:BetweenOneFiveYears 2025-03-31 10241100 frs-core:ComputerEquipment 2025-03-31 10241100 frs-core:ComputerEquipment 2024-04-01 2025-03-31 10241100 frs-core:ComputerEquipment 2024-03-31 10241100 frs-core:FurnitureFittings 2025-03-31 10241100 frs-core:FurnitureFittings 2024-04-01 2025-03-31 10241100 frs-core:FurnitureFittings 2024-03-31 10241100 frs-core:MotorVehicles 2025-03-31 10241100 frs-core:MotorVehicles 2024-04-01 2025-03-31 10241100 frs-core:MotorVehicles 2024-03-31 10241100 frs-core:PlantMachinery 2025-03-31 10241100 frs-core:PlantMachinery 2024-04-01 2025-03-31 10241100 frs-core:PlantMachinery 2024-03-31 10241100 frs-core:WithinOneYear 2025-03-31 10241100 frs-core:ShareCapital 2025-03-31 10241100 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 10241100 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10241100 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 10241100 frs-bus:SmallEntities 2024-04-01 2025-03-31 10241100 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10241100 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10241100 frs-bus:Director1 2024-04-01 2025-03-31 10241100 frs-countries:EnglandWales 2024-04-01 2025-03-31 10241100 2023-03-31 10241100 2024-03-31 10241100 2023-04-01 2024-03-31 10241100 frs-core:CurrentFinancialInstruments 2024-03-31 10241100 frs-core:Non-currentFinancialInstruments 2024-03-31 10241100 frs-core:BetweenOneFiveYears 2024-03-31 10241100 frs-core:WithinOneYear 2024-03-31 10241100 frs-core:ShareCapital 2024-03-31 10241100 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 10241100
Sapphia Trading Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10241100
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 24,919 36,241
24,919 36,241
CURRENT ASSETS
Stocks 5 150,000 400,000
Debtors 6 272,783 525,087
Investments 7 500,000 500,000
Cash at bank and in hand 2,070 20,029
924,853 1,445,116
Creditors: Amounts Falling Due Within One Year 8 (586,322 ) (775,322 )
NET CURRENT ASSETS (LIABILITIES) 338,531 669,794
TOTAL ASSETS LESS CURRENT LIABILITIES 363,450 706,035
Creditors: Amounts Falling Due After More Than One Year 9 (135,930 ) (276,845 )
NET ASSETS 227,520 429,190
CAPITAL AND RESERVES
Called up share capital 11 10 10
Profit and Loss Account 227,510 429,180
SHAREHOLDERS' FUNDS 227,520 429,190
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
S Fayle
Director
24/11/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Sapphia Trading Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10241100 . The registered office is Unit 16 Greenhey Place, Skelmersdale, Lancashire, WN8 9SA.
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. Significant judgements and estimations
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Judgements, estimates and assumptions have been made in the preparation of these financial statements. The Director has exercised significant judgement when determining the value of stock at the balance sheet date.
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.
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 25% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 33% straight line
2.5. 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.
2.6. 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.
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2.7. 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 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: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 14,859 29,878 136 314 45,187
As at 31 March 2025 14,859 29,878 136 314 45,187
Depreciation
As at 1 April 2024 2,786 6,128 6 26 8,946
Provided during the period 3,715 7,469 34 104 11,322
As at 31 March 2025 6,501 13,597 40 130 20,268
Net Book Value
As at 31 March 2025 8,358 16,281 96 184 24,919
As at 1 April 2024 12,073 23,750 130 288 36,241
5. Stocks
2025 2024
£ £
Stock 150,000 400,000
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 8,660 136,701
Other debtors 4,818 54,461
Amounts owed by group undertakings 259,305 333,925
272,783 525,087
7. Current Asset Investments
2025 2024
£ £
Unlisted investments 500,000 500,000
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 8,666 11,402
Trade creditors 94,912 148,730
Bank loans and overdrafts 256,918 301,913
Corporation tax 26,173 54,341
VAT 145,435 157,971
Other creditors 19,990 69,990
Director's loan account 34,228 30,975
586,322 775,322
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 20,003 25,975
Bank loans 115,927 250,870
135,930 276,845
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,666 11,402
Later than one year and not later than five years 20,003 25,975
28,669 37,377
28,669 37,377
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
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12. Exceptional Items
During the period an amount of £4,500 owed from Multipack Foods Ltd and £6,559 owed to Multipack Logistics Ltd, of which S Fayle is a shareholder and director, totalled £2,059 has been written off.
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