Acorah Software Products - Accounts Production 14.5.601 false true false 15 February 2023 28 February 2024 28 February 2024 14664400 Mr J Owen Mr J Powis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14664400 2023-02-14 14664400 2024-02-28 14664400 2023-02-15 2024-02-28 14664400 frs-core:CurrentFinancialInstruments 2024-02-28 14664400 frs-core:ComputerEquipment 2024-02-28 14664400 frs-core:ComputerEquipment 2023-02-15 2024-02-28 14664400 frs-core:ComputerEquipment 2023-02-14 14664400 frs-core:PlantMachinery 2024-02-28 14664400 frs-core:PlantMachinery 2023-02-15 2024-02-28 14664400 frs-core:PlantMachinery 2023-02-14 14664400 frs-core:ShareCapital 2024-02-28 14664400 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 14664400 frs-bus:PrivateLimitedCompanyLtd 2023-02-15 2024-02-28 14664400 frs-bus:FilletedAccounts 2023-02-15 2024-02-28 14664400 frs-bus:SmallEntities 2023-02-15 2024-02-28 14664400 frs-bus:AuditExempt-NoAccountantsReport 2023-02-15 2024-02-28 14664400 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-15 2024-02-28 14664400 frs-bus:Director1 2023-02-15 2024-02-28 14664400 frs-bus:Director2 2023-02-15 2024-02-28 14664400 frs-countries:EnglandWales 2023-02-15 2024-02-28
Registered number: 14664400
Nottingham Building & Joinery Ltd
Financial Statements
For the Period 15 February 2023 to 28 February 2024
Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14664400
28 February 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 2,902
2,902
CURRENT ASSETS
Cash at bank and in hand 12,485
12,485
Creditors: Amounts Falling Due Within One Year 5 (11,080 )
NET CURRENT ASSETS (LIABILITIES) 1,405
TOTAL ASSETS LESS CURRENT LIABILITIES 4,307
NET ASSETS 4,307
CAPITAL AND RESERVES
Called up share capital 6 100
Profit and Loss Account 4,207
SHAREHOLDERS' FUNDS 4,307
For the period ending 28 February 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
Mr J Owen
Director
20 March 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Nottingham Building & Joinery Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14664400 . The registered office is 550 Valley Road, Nottingham, NG5 1JJ.
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
Computer Equipment 25% reducing balance
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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
Page 2
Page 3
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 15 February 2023 - - -
Additions 2,866 1,003 3,869
As at 28 February 2024 2,866 1,003 3,869
Depreciation
As at 15 February 2023 - - -
Provided during the period 716 251 967
As at 28 February 2024 716 251 967
Net Book Value
As at 28 February 2024 2,150 752 2,902
As at 15 February 2023 - - -
5. Creditors: Amounts Falling Due Within One Year
28 February 2024
£
Corporation tax 9,220
Accruals and deferred income 960
Directors' loan accounts 900
11,080
6. Share Capital
28 February 2024
£
Allotted, Called up and fully paid 100
Page 3