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 12760904 Mr Robert Wood Mrs Tara Parratt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12760904 2022-07-31 12760904 2023-07-31 12760904 2022-08-01 2023-07-31 12760904 frs-core:CurrentFinancialInstruments 2023-07-31 12760904 frs-core:ComputerEquipment 2023-07-31 12760904 frs-core:ComputerEquipment 2022-08-01 2023-07-31 12760904 frs-core:ComputerEquipment 2022-07-31 12760904 frs-core:ShareCapital 2023-07-31 12760904 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 12760904 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12760904 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 12760904 frs-bus:SmallEntities 2022-08-01 2023-07-31 12760904 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12760904 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12760904 frs-bus:Director1 2022-08-01 2023-07-31 12760904 frs-bus:Director2 2022-08-01 2023-07-31 12760904 frs-countries:EnglandWales 2022-08-01 2023-07-31 12760904 2021-07-31 12760904 2022-07-31 12760904 2021-08-01 2022-07-31 12760904 frs-core:CurrentFinancialInstruments 2022-07-31 12760904 frs-core:ShareCapital 2022-07-31 12760904 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 12760904
Five Kings Garden Nursery Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
IAK ACCOUNTANTS AND CONSULTANTS LTD
Cuffley Place Office 112
Sopers Road
Cuffley
Select County
EN6 4SG
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12760904
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 898 1,139
898 1,139
CURRENT ASSETS
Stocks 5 40,000 22,492
Debtors 6 - 231
Cash at bank and in hand 56 1,108
40,056 23,831
Creditors: Amounts Falling Due Within One Year 7 (61,302 ) (39,903 )
NET CURRENT ASSETS (LIABILITIES) (21,246 ) (16,072 )
TOTAL ASSETS LESS CURRENT LIABILITIES (20,348 ) (14,933 )
NET LIABILITIES (20,348 ) (14,933 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (20,448 ) (15,033 )
SHAREHOLDERS' FUNDS (20,348) (14,933)
Page 1
Page 2
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 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 Robert Wood
Director
18th April 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Five Kings Garden Nursery Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12760904 . The registered office is Cuffley Place, Office 112, Sopers Road, Cuffley, EN6 4SG.
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:
Computer Equipment 20% on cost
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: )
1 -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2022 1,206
As at 31 July 2023 1,206
Depreciation
As at 1 August 2022 67
Provided during the period 241
As at 31 July 2023 308
Net Book Value
As at 31 July 2023 898
As at 1 August 2022 1,139
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5. Stocks
2023 2022
£ £
Stock 40,000 22,492
6. Debtors
2023 2022
£ £
Due within one year
Directors' loan accounts - 231
- 231
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 4,164 4,163
Other creditors 33,740 33,740
Accruals and deferred income 1,600 2,000
Directors' loan accounts 21,798 -
61,302 39,903
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4