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 02924079 Mr Robin Catling Mrs Gaynor Potter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02924079 2022-07-31 02924079 2023-07-31 02924079 2022-08-01 2023-07-31 02924079 frs-core:CurrentFinancialInstruments 2023-07-31 02924079 frs-core:FurnitureFittings 2023-07-31 02924079 frs-core:FurnitureFittings 2022-08-01 2023-07-31 02924079 frs-core:FurnitureFittings 2022-07-31 02924079 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 02924079 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 02924079 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-07-31 02924079 frs-core:ShareCapital 2023-07-31 02924079 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 02924079 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 02924079 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 02924079 frs-bus:SmallEntities 2022-08-01 2023-07-31 02924079 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 02924079 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 02924079 frs-bus:Director1 2022-08-01 2023-07-31 02924079 frs-bus:CompanySecretary1 2022-08-01 2023-07-31 02924079 frs-countries:EnglandWales 2022-08-01 2023-07-31 02924079 2021-07-31 02924079 2022-07-31 02924079 2021-08-01 2022-07-31 02924079 frs-core:CurrentFinancialInstruments 2022-07-31 02924079 frs-core:ShareCapital 2022-07-31 02924079 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 02924079
Amethyst Developments Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02924079
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 164,099 164,114
164,099 164,114
CURRENT ASSETS
Debtors 5 619 610
Cash at bank and in hand 7,836 6,861
8,455 7,471
Creditors: Amounts Falling Due Within One Year 6 (2,266 ) (1,707 )
NET CURRENT ASSETS (LIABILITIES) 6,189 5,764
TOTAL ASSETS LESS CURRENT LIABILITIES 170,288 169,878
NET ASSETS 170,288 169,878
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account 169,288 168,878
SHAREHOLDERS' FUNDS 170,288 169,878
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 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 Robin Catling
Director
08/04/2024
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
Amethyst Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02924079 . The registered office is 14 Park Road, Hatherleigh, Okehampton, EX20 3JS.
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 FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. 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:
Freehold Nil
Fixtures & Fittings 25% Reducing Balance
2.3. 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 year 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 on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
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.
3. Average Number of Employees
Average number of employees, during the year was as follows: NIL (2022: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2022 164,055 10,812 174,867
As at 31 July 2023 164,055 10,812 174,867
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 August 2022 - 10,753 10,753
Provided during the period - 15 15
As at 31 July 2023 - 10,768 10,768
Net Book Value
As at 31 July 2023 164,055 44 164,099
As at 1 August 2022 164,055 59 164,114
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 198 189
Other debtors 46 46
Corporation tax recoverable assets 375 375
619 610
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 139
Corporation tax 1,038 1,046
Other taxes and social security 71 71
Other creditors 180 100
Accruals and deferred income 150 138
Director's loan account 827 213
2,266 1,707
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4