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 5509205 Mr Mark Penrose iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 5509205 2022-07-31 5509205 2023-07-31 5509205 2022-08-01 2023-07-31 5509205 frs-core:CurrentFinancialInstruments 2023-07-31 5509205 frs-core:Non-currentFinancialInstruments 2023-07-31 5509205 frs-core:ShareCapital 2023-07-31 5509205 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 5509205 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 5509205 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 5509205 frs-bus:SmallEntities 2022-08-01 2023-07-31 5509205 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 5509205 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 5509205 frs-bus:Director1 2022-08-01 2023-07-31 5509205 frs-countries:EnglandWales 2022-08-01 2023-07-31 5509205 2021-07-31 5509205 2022-07-31 5509205 2021-08-01 2022-07-31 5509205 frs-core:CurrentFinancialInstruments 2022-07-31 5509205 frs-core:Non-currentFinancialInstruments 2022-07-31 5509205 frs-core:ShareCapital 2022-07-31 5509205 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 5509205
FAIRWAYS PLUMBING & HEATING SUPPLIES LTD
Unaudited Financial Statements
For The Year Ended 31 July 2023
Ads Accountants
Certified Practising Accountants
117 Dartford Road
Dartford
Kent
DA1 3EN
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 5509205
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 62,140 49,585
Debtors 5 41,632 37,779
Cash at bank and in hand 9,399 19,948
113,171 107,312
Creditors: Amounts Falling Due Within One Year 6 (57,699 ) (63,565 )
NET CURRENT ASSETS (LIABILITIES) 55,472 43,747
TOTAL ASSETS LESS CURRENT LIABILITIES 55,472 43,747
Creditors: Amounts Falling Due After More Than One Year 7 (52,090 ) (70,316 )
NET ASSETS/(LIABILITIES) 3,382 (26,569 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 3,380 (26,571 )
SHAREHOLDERS' FUNDS 3,382 (26,569)
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 Mark Penrose
Director
03/04/2024
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
FAIRWAYS PLUMBING & HEATING SUPPLIES LTD is a private company, limited by shares, incorporated in England & Wales, registered number 5509205 . The registered office is 117 DARTFORD ROAD, DARTFORD, KENT, DA1 3EN.
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Stocks
2023 2022
£ £
Materials 62,140 49,585
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 33,732 25,988
Prepayments and accrued income 1,100 1,100
Other debtors 6,800 -
VAT - 10,691
41,632 37,779
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 55,080 60,226
Other taxes and social security 767 975
VAT 1,852 -
Director's loan account - 2,364
57,699 63,565
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 52,090 70,316
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 3