Acorah Software Products - Accounts Production 16.8.200 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 05094634 Mrs S L Donald iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05094634 2024-04-30 05094634 2025-04-30 05094634 2024-05-01 2025-04-30 05094634 frs-core:ComputerEquipment 2024-05-01 2025-04-30 05094634 frs-core:RevaluationReserve 2024-05-01 2025-04-30 05094634 frs-core:RevaluationReserve 2024-04-30 05094634 frs-core:RevaluationReserve 2025-04-30 05094634 frs-core:ShareCapital 2025-04-30 05094634 frs-core:RetainedEarningsAccumulatedLosses 2024-05-01 2025-04-30 05094634 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-04-30 05094634 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 05094634 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 05094634 frs-bus:AbridgedAccounts 2024-05-01 2025-04-30 05094634 frs-bus:SmallEntities 2024-05-01 2025-04-30 05094634 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 05094634 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 05094634 frs-bus:Director1 2024-05-01 2025-04-30 05094634 frs-countries:EnglandWales 2024-05-01 2025-04-30 05094634 2023-04-30 05094634 2024-04-30 05094634 2023-05-01 2024-04-30 05094634 frs-core:RevaluationReserve 2024-04-30 05094634 frs-core:ShareCapital 2024-04-30 05094634 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: 05094634
Sovereign Payroll Solutions Limited
ABRIDGED Financial Statements
For The Year Ended 30 April 2025
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 05094634
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 32,000 26,000
32,000 26,000
CURRENT ASSETS
Debtors 14,941 7,711
Cash at bank and in hand 11,708 29,171
26,649 36,882
Creditors: Amounts Falling Due Within One Year (2,088 ) (4,393 )
NET CURRENT ASSETS (LIABILITIES) 24,561 32,489
TOTAL ASSETS LESS CURRENT LIABILITIES 56,561 58,489
NET ASSETS 56,561 58,489
CAPITAL AND RESERVES
Called up share capital 6 20 20
Revaluation reserve 7 32,000 26,000
Profit and Loss Account 24,541 32,469
SHAREHOLDERS' FUNDS 56,561 58,489
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For the year ending 30 April 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 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 April 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs S L Donald
Director
4th January 2026
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
Sovereign Payroll Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05094634 . The registered office is Unit 9 Moorland Road Industrial Park, Moorland Road, Indian Queens, St Columb, Cornwall, TR9 6FB.
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. 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:
Computer Equipment 25% on cost
2.4. 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: 3 (2024: 3)
3 3
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4. Intangible Assets
Total
£
Cost
As at 1 May 2024 26,000
Revaluations 6,000
As at 30 April 2025 32,000
Net Book Value
As at 30 April 2025 32,000
As at 1 May 2024 26,000
5. Tangible Assets
Total
£
Cost
As at 1 May 2024 2,030
As at 30 April 2025 2,030
Depreciation
As at 1 May 2024 2,030
As at 30 April 2025 2,030
Net Book Value
As at 30 April 2025 -
As at 1 May 2024 -
6. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 20 20
7. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 May 2024 26,000 32,469
Loss for year - (7,928)
Surplus on revaluation 6,000 -
Other comprehensive income for the year 6,000 -
Total comprehensive income for the year 6,000 (7,928 )
As at 30 April 2025 32,000 24,541
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