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 07500525 Mr MIKE STEPHENSON Mrs JACQUELINE STEPHENSON iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07500525 2023-01-31 07500525 2024-01-31 07500525 2023-02-01 2024-01-31 07500525 frs-core:CurrentFinancialInstruments 2024-01-31 07500525 frs-core:Non-currentFinancialInstruments 2024-01-31 07500525 frs-core:BetweenOneFiveYears 2024-01-31 07500525 frs-core:ComputerEquipment 2024-01-31 07500525 frs-core:ComputerEquipment 2023-02-01 2024-01-31 07500525 frs-core:ComputerEquipment 2023-01-31 07500525 frs-core:FurnitureFittings 2024-01-31 07500525 frs-core:FurnitureFittings 2023-02-01 2024-01-31 07500525 frs-core:FurnitureFittings 2023-01-31 07500525 frs-core:MotorVehicles 2024-01-31 07500525 frs-core:MotorVehicles 2023-02-01 2024-01-31 07500525 frs-core:MotorVehicles 2023-01-31 07500525 frs-core:ShareCapital 2024-01-31 07500525 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 07500525 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07500525 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 07500525 frs-bus:SmallEntities 2023-02-01 2024-01-31 07500525 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07500525 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07500525 frs-bus:Director1 2023-02-01 2024-01-31 07500525 frs-bus:Director2 2023-02-01 2024-01-31 07500525 frs-countries:EnglandWales 2023-02-01 2024-01-31 07500525 2022-01-31 07500525 2023-01-31 07500525 2022-02-01 2023-01-31 07500525 frs-core:CurrentFinancialInstruments 2023-01-31 07500525 frs-core:Non-currentFinancialInstruments 2023-01-31 07500525 frs-core:BetweenOneFiveYears 2023-01-31 07500525 frs-core:ShareCapital 2023-01-31 07500525 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 07500525
PRIORY FLOORING & BLINDS LTD
Unaudited Financial Statements
For The Year Ended 31 January 2024
JOHNSON & CO ACCOUNTANTS
Certified Public Accountant
OFFICE 4
HENSON'S BUSINESS CENTRE
KIRKLEATHAM STREET
REDCAR
TS10 1RE
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07500525
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 37,633 46,935
37,633 46,935
CURRENT ASSETS
Stocks 5 6,280 6,492
Debtors 6 100,351 80,999
Cash at bank and in hand 40,807 50,502
147,438 137,993
Creditors: Amounts Falling Due Within One Year 7 (17,019 ) (16,524 )
NET CURRENT ASSETS (LIABILITIES) 130,419 121,469
TOTAL ASSETS LESS CURRENT LIABILITIES 168,052 168,404
Creditors: Amounts Falling Due After More Than One Year 8 (80,240 ) (95,603 )
NET ASSETS 87,812 72,801
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account 87,802 72,791
SHAREHOLDERS' FUNDS 87,812 72,801
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
Mr MIKE STEPHENSON
Director
4th April 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
PRIORY FLOORING & BLINDS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 07500525 . The registered office is 11 CHURCH STREET, GUISBOROUGH, CLEVELAND, TS14 6HG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Motor Vehicles 20%
Fixtures & Fittings 15%
Computer Equipment 15%
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 114,586 1,385 977 116,948
As at 31 January 2024 114,586 1,385 977 116,948
Depreciation
As at 1 February 2023 69,358 384 271 70,013
Provided during the period 9,046 150 106 9,302
As at 31 January 2024 78,404 534 377 79,315
Net Book Value
As at 31 January 2024 36,182 851 600 37,633
As at 1 February 2023 45,228 1,001 706 46,935
5. Stocks
2024 2023
£ £
Work in progress 6,280 6,492
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 100,351 80,999
100,351 80,999
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 9,472 -
VAT 5,947 6,281
Accruals and deferred income 1,600 1,600
Directors' loan accounts - 8,643
17,019 16,524
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 65,640 73,500
Bank loans 14,600 22,103
80,240 95,603
Page 4
Page 5
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 65,640 73,500
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 5