Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 05174602 Mr Paul Betley Paul Betley true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05174602 2022-07-31 05174602 2023-07-31 05174602 2022-08-01 2023-07-31 05174602 frs-core:CurrentFinancialInstruments 2023-07-31 05174602 frs-core:Non-currentFinancialInstruments 2023-07-31 05174602 frs-core:ComputerEquipment 2023-07-31 05174602 frs-core:ComputerEquipment 2022-08-01 2023-07-31 05174602 frs-core:ComputerEquipment 2022-07-31 05174602 frs-core:FurnitureFittings 2022-08-01 2023-07-31 05174602 frs-core:MotorVehicles 2023-07-31 05174602 frs-core:MotorVehicles 2022-08-01 2023-07-31 05174602 frs-core:MotorVehicles 2022-07-31 05174602 frs-core:PlantMachinery 2023-07-31 05174602 frs-core:PlantMachinery 2022-08-01 2023-07-31 05174602 frs-core:PlantMachinery 2022-07-31 05174602 frs-core:ShareCapital 2023-07-31 05174602 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 05174602 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 05174602 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 05174602 frs-bus:SmallEntities 2022-08-01 2023-07-31 05174602 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 05174602 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 05174602 1 2022-08-01 2023-07-31 05174602 frs-bus:Director1 2022-08-01 2023-07-31 05174602 frs-countries:EnglandWales 2022-08-01 2023-07-31 05174602 2021-07-31 05174602 2022-07-31 05174602 2021-08-01 2022-07-31 05174602 frs-core:CurrentFinancialInstruments 2022-07-31 05174602 frs-core:Non-currentFinancialInstruments 2022-07-31 05174602 frs-core:ShareCapital 2022-07-31 05174602 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 05174602
Paul Betley Limited
Financial Statements
For The Year Ended 31 July 2023
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05174602
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Stocks 5 250 250
250 250
Creditors: Amounts Falling Due Within One Year 6 (7,293 ) (3,658 )
NET CURRENT ASSETS (LIABILITIES) (7,043 ) (3,408 )
TOTAL ASSETS LESS CURRENT LIABILITIES (7,043 ) (3,408 )
Creditors: Amounts Falling Due After More Than One Year 7 - (6,058 )
NET LIABILITIES (7,043 ) (9,466 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (7,143 ) (9,566 )
SHAREHOLDERS' FUNDS (7,043) (9,466)
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For the year ending 31 July 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 Paul Betley
Director
12th February 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
Paul Betley Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05174602 . The registered office is 17 Cherry Tree Close, North Hykeham, Lincoln, LN6 8PS.
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 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:
Plant & Machinery 25%
Motor Vehicles 25%
Fixtures & Fittings 25%
Computer Equipment 25%
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
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.
2.6. 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:
2023 2022
Office and administration 2 2
2 2
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2022 3,778 6,000 107 9,885
As at 31 July 2023 3,778 6,000 107 9,885
Depreciation
As at 1 August 2022 3,778 6,000 107 9,885
As at 31 July 2023 3,778 6,000 107 9,885
Net Book Value
As at 31 July 2023 - - - -
As at 1 August 2022 - - - -
5. Stocks
2023 2022
£ £
Stock 250 250
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (1 ) (1 )
Bank loans and overdrafts 4,992 2,198
Corporation tax 1,427 858
Accruals and deferred income 530 530
Director's loan account 345 73
7,293 3,658
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans - 6,058
- 6,058
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Dividends paid to directors
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10. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid - 1,500
- 1,500
11. Ultimate Controlling Party
The company's ultimate controlling party is Paul Betley by virtue of his ownership of 100% of the issued share capital in the company.
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