Acorah Software Products - Accounts Production 14.5.601 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 08365112 T R Pilcher R C Pilcher R C Pilcher iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08365112 2023-01-31 08365112 2024-01-31 08365112 2023-02-01 2024-01-31 08365112 frs-core:CurrentFinancialInstruments 2024-01-31 08365112 frs-core:Non-currentFinancialInstruments 2024-01-31 08365112 frs-core:PlantMachinery 2024-01-31 08365112 frs-core:PlantMachinery 2023-02-01 2024-01-31 08365112 frs-core:PlantMachinery 2023-01-31 08365112 frs-core:ShareCapital 2024-01-31 08365112 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08365112 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08365112 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 08365112 frs-bus:SmallEntities 2023-02-01 2024-01-31 08365112 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08365112 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08365112 frs-bus:Director1 2023-02-01 2024-01-31 08365112 frs-bus:Director2 2023-02-01 2024-01-31 08365112 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 08365112 frs-countries:EnglandWales 2023-02-01 2024-01-31 08365112 2022-01-31 08365112 2023-01-31 08365112 2022-02-01 2023-01-31 08365112 frs-core:CurrentFinancialInstruments 2023-01-31 08365112 frs-core:Non-currentFinancialInstruments 2023-01-31 08365112 frs-core:ShareCapital 2023-01-31 08365112 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 08365112
Thomas Pilcher Homes Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08365112
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,125 -
4,125 -
CURRENT ASSETS
Stocks 5 800,000 1,015,793
Debtors 6 76,382 17,298
Cash at bank and in hand 459,910 214,707
1,336,292 1,247,798
Creditors: Amounts Falling Due Within One Year 7 (404,256 ) (324,949 )
NET CURRENT ASSETS (LIABILITIES) 932,036 922,849
TOTAL ASSETS LESS CURRENT LIABILITIES 936,161 922,849
Creditors: Amounts Falling Due After More Than One Year 8 (311,281 ) (456,324 )
NET ASSETS 624,880 466,525
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 624,780 466,425
SHAREHOLDERS' FUNDS 624,880 466,525
Page 1
Page 2
For the year ending 31 January 2024 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
T R Pilcher
Director
05/04/2024
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
Thomas Pilcher Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08365112 . The registered office is Tower House, Askham Fields Lane Askham Bryan, York, North Yorkshire, YO23 3NU.
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 25% reducing balance
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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 February 2023 -
Additions 5,500
As at 31 January 2024 5,500
Depreciation
As at 1 February 2023 -
Provided during the period 1,375
As at 31 January 2024 1,375
Net Book Value
As at 31 January 2024 4,125
As at 1 February 2023 -
5. Stocks
2024 2023
£ £
Stock 800,000 -
Work in progress - 1,015,793
800,000 1,015,793
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,758 -
Other debtors 69,624 17,298
76,382 17,298
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 22,367 41,513
BBL < 1 yr 10,648 9,666
Other creditors 306,233 177,679
Taxation and social security 65,008 96,091
404,256 324,949
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Hampshire Loan 297,812 456,324
BBL > 1 yr 13,469 -
311,281 456,324
Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts
which are secured of £311,282 (2022 - £465,990). The bank loans are secured by fixed and floating charges on
the assets of the company.
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