Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07882544 Mr Grant Purnell Ms. Sara Snell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07882544 2022-12-31 07882544 2023-12-31 07882544 2023-01-01 2023-12-31 07882544 frs-core:CurrentFinancialInstruments 2023-12-31 07882544 frs-core:Non-currentFinancialInstruments 2023-12-31 07882544 frs-core:ShareCapital 2023-12-31 07882544 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07882544 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07882544 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07882544 frs-bus:SmallEntities 2023-01-01 2023-12-31 07882544 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07882544 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07882544 frs-bus:Director1 2023-01-01 2023-12-31 07882544 frs-bus:Director2 2023-01-01 2023-12-31 07882544 frs-countries:EnglandWales 2023-01-01 2023-12-31 07882544 2021-12-31 07882544 2022-12-31 07882544 2022-01-01 2022-12-31 07882544 frs-core:CurrentFinancialInstruments 2022-12-31 07882544 frs-core:Non-currentFinancialInstruments 2022-12-31 07882544 frs-core:ShareCapital 2022-12-31 07882544 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07882544
Purnell Snell Building Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Advoco (SW) Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07882544
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 65,500 64,000
Debtors 5 3,710 6,548
Cash at bank and in hand 38 1,786
69,248 72,334
Creditors: Amounts Falling Due Within One Year 6 (738 ) (3,554 )
NET CURRENT ASSETS (LIABILITIES) 68,510 68,780
TOTAL ASSETS LESS CURRENT LIABILITIES 68,510 68,780
Creditors: Amounts Falling Due After More Than One Year 7 (59,692 ) (59,692 )
NET ASSETS 8,818 9,088
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 8,718 8,988
SHAREHOLDERS' FUNDS 8,818 9,088
Page 1
Page 2
For the year ending 31 December 2023 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 Grant Purnell
Director
4 April 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Purnell Snell Building Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07882544 . The registered office is 14a Albany Road, Weymouth, Dorset, DT4 9TH.
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. 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.
2.3. 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: 2 (2022: NIL)
2 -
4. Stocks
2023 2022
£ £
Work in progress 65,500 64,000
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 3,510 4,440
VAT 200 2,108
3,710 6,548
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 677
Corporation tax liability 108 2,287
Accrued expenses 630 590
738 3,554
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 59,692 59,692
59,692 59,692
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4