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 11100439 Mr Ian Gill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11100439 2022-12-31 11100439 2023-12-31 11100439 2023-01-01 2023-12-31 11100439 frs-core:CurrentFinancialInstruments 2023-12-31 11100439 frs-core:FurnitureFittings 2023-12-31 11100439 frs-core:FurnitureFittings 2023-01-01 2023-12-31 11100439 frs-core:FurnitureFittings 2022-12-31 11100439 frs-core:NetGoodwill 2023-12-31 11100439 frs-core:NetGoodwill 2023-01-01 2023-12-31 11100439 frs-core:NetGoodwill 2022-12-31 11100439 frs-core:PlantMachinery 2023-12-31 11100439 frs-core:PlantMachinery 2023-01-01 2023-12-31 11100439 frs-core:PlantMachinery 2022-12-31 11100439 frs-core:ShareCapital 2023-12-31 11100439 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11100439 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11100439 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11100439 frs-bus:SmallEntities 2023-01-01 2023-12-31 11100439 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11100439 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11100439 frs-bus:Director1 2023-01-01 2023-12-31 11100439 frs-countries:EnglandWales 2023-01-01 2023-12-31 11100439 2021-12-31 11100439 2022-12-31 11100439 2022-01-01 2022-12-31 11100439 frs-core:CurrentFinancialInstruments 2022-12-31 11100439 frs-core:ShareCapital 2022-12-31 11100439 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11100439
Quality Home Improvements South East Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11100439
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 131 164
Tangible Assets 5 2,640 3,106
2,771 3,270
CURRENT ASSETS
Debtors 6 10,015 3,967
Cash at bank and in hand 10,487 20,169
20,502 24,136
Creditors: Amounts Falling Due Within One Year 7 (22,600 ) (23,114 )
NET CURRENT ASSETS (LIABILITIES) (2,098 ) 1,022
TOTAL ASSETS LESS CURRENT LIABILITIES 673 4,292
PROVISIONS FOR LIABILITIES
Deferred Taxation (526 ) (590 )
NET ASSETS 147 3,702
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 145 3,700
SHAREHOLDERS' FUNDS 147 3,702
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Ian Gill
Director
15/04/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Quality Home Improvements South East Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11100439 . The registered office is The Old Barn Off Wood Street, Swanley Village, Swanley, Kent, BR8 7PA.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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 15% WDV
Fixtures & Fittings 15% WDV
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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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 (2022: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 500
As at 31 December 2023 500
Amortisation
As at 1 January 2023 336
Provided during the period 33
As at 31 December 2023 369
Net Book Value
As at 31 December 2023 131
As at 1 January 2023 164
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2023 6,000 1,000 7,000
As at 31 December 2023 6,000 1,000 7,000
Depreciation
As at 1 January 2023 3,338 556 3,894
Provided during the period 399 67 466
As at 31 December 2023 3,737 623 4,360
Net Book Value
As at 31 December 2023 2,263 377 2,640
As at 1 January 2023 2,662 444 3,106
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 3,967
Director's loan account 10,015 -
10,015 3,967
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,113 1,700
Corporation tax 9,968 11,208
Other taxes and social security 660 1,112
VAT 7,526 7,435
Other creditors 2,333 -
Director's loan account - 1,659
22,600 23,114
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
9. Related Party Transactions
Included in the Other Debtors is an amount owed from the company director Mr I Gill totalling £10,015 (2022 - £1,659 Creditor), no interest is to be charged.
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