Acorah Software Products - Accounts Production 14.5.501 false true 31 March 2022 1 April 2021 false 1 April 2022 31 August 2023 31 August 2023 00127688 Mrs Maria Lillie Mrs Katie Owen Mr Guy Lillie Mr Guy Lillie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00127688 2022-03-31 00127688 2023-08-31 00127688 2022-04-01 2023-08-31 00127688 frs-core:CurrentFinancialInstruments 2023-08-31 00127688 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 00127688 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-04-01 2023-08-31 00127688 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-03-31 00127688 frs-core:RevaluationReserve 2023-08-31 00127688 frs-core:ShareCapital 2023-08-31 00127688 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 00127688 frs-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-08-31 00127688 frs-bus:FilletedAccounts 2022-04-01 2023-08-31 00127688 frs-bus:SmallEntities 2022-04-01 2023-08-31 00127688 frs-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-08-31 00127688 frs-bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-08-31 00127688 frs-bus:Director1 2022-04-01 2023-08-31 00127688 frs-bus:Director2 2022-04-01 2023-08-31 00127688 frs-bus:Director3 2022-04-01 2023-08-31 00127688 frs-bus:CompanySecretary1 2022-04-01 2023-08-31 00127688 frs-countries:EnglandWales 2022-04-01 2023-08-31 00127688 2021-03-31 00127688 2022-03-31 00127688 2021-04-01 2022-03-31 00127688 frs-core:CurrentFinancialInstruments 2022-03-31 00127688 frs-core:RevaluationReserve 2022-03-31 00127688 frs-core:ShareCapital 2022-03-31 00127688 frs-core:RetainedEarningsAccumulatedLosses 2022-03-31
Registered number: 00127688
Horticultural And General Standard Manufacturing Company Limited(The)
Financial Statements
For the Period 1 April 2022 to 31 August 2023
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 00127688
31 August 2023 31 March 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 170,000
- 170,000
CURRENT ASSETS
Debtors 5 1,984 325
Cash at bank and in hand 223,814 27,012
225,798 27,337
Creditors: Amounts Falling Due Within One Year 6 (4,572 ) (3,175 )
NET CURRENT ASSETS (LIABILITIES) 221,226 24,162
TOTAL ASSETS LESS CURRENT LIABILITIES 221,226 194,162
NET ASSETS 221,226 194,162
CAPITAL AND RESERVES
Called up share capital 7 3,000 3,000
Revaluation reserve - 69,722
Profit and Loss Account 218,226 121,440
SHAREHOLDERS' FUNDS 221,226 194,162
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For the period ending 31 August 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 Guy Lillie
Director
3 April 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Horticultural And General Standard Manufacturing Company Limited(The) is a private company, limited by shares, incorporated in England & Wales, registered number 00127688 . The registered office is 16 Queen Street, Ilkeston, Derbyshire, DE7 5GT.
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:
Freehold 0%
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: 3 (2022: 3)
3 3
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4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 April 2022 170,000
Disposals (170,000 )
Net Book Value
As at 31 August 2023 -
As at 1 April 2022 170,000
5. Debtors
31 August 2023 31 March 2022
£ £
Due within one year
Other debtors 1,984 325
1,984 325
6. Creditors: Amounts Falling Due Within One Year
31 August 2023 31 March 2022
£ £
Trade creditors 8 7
Corporation tax 4,322 2,568
Other creditors 242 600
4,572 3,175
7. Share Capital
31 August 2023 31 March 2022
£ £
Allotted, Called up and fully paid 3,000 3,000
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