Acorah Software Products - Accounts Production 14.5.601 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 08651071 Mr T M Langford Mr T M Langford iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08651071 2022-08-31 08651071 2023-08-31 08651071 2022-09-01 2023-08-31 08651071 frs-core:CurrentFinancialInstruments 2023-08-31 08651071 frs-core:Non-currentFinancialInstruments 2023-08-31 08651071 frs-core:FurnitureFittings 2023-08-31 08651071 frs-core:FurnitureFittings 2022-09-01 2023-08-31 08651071 frs-core:FurnitureFittings 2022-08-31 08651071 frs-core:MotorVehicles 2023-08-31 08651071 frs-core:MotorVehicles 2022-09-01 2023-08-31 08651071 frs-core:MotorVehicles 2022-08-31 08651071 frs-core:ShareCapital 2023-08-31 08651071 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 08651071 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 08651071 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 08651071 frs-bus:SmallEntities 2022-09-01 2023-08-31 08651071 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 08651071 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 08651071 frs-bus:Director1 2022-09-01 2023-08-31 08651071 frs-bus:CompanySecretary1 2022-09-01 2023-08-31 08651071 frs-countries:EnglandWales 2022-09-01 2023-08-31 08651071 2021-08-31 08651071 2022-08-31 08651071 2021-09-01 2022-08-31 08651071 frs-core:CurrentFinancialInstruments 2022-08-31 08651071 frs-core:Non-currentFinancialInstruments 2022-08-31 08651071 frs-core:BetweenOneFiveYears 2022-08-31 08651071 frs-core:WithinOneYear 2022-08-31 08651071 frs-core:ShareCapital 2022-08-31 08651071 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 08651071
Saxon Refurbishment Limited
Financial Statements
For The Year Ended 31 August 2023
William Price & Co Limited
Chartered Accountants
Westbury Court Church Road
Westbury On Trym
Bristol
BS9 3EF
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08651071
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,443 61,496
1,443 61,496
CURRENT ASSETS
Debtors 5 738,642 426,592
Cash at bank and in hand 195,204 86,088
933,846 512,680
Creditors: Amounts Falling Due Within One Year 6 (193,222 ) (51,801 )
NET CURRENT ASSETS (LIABILITIES) 740,624 460,879
TOTAL ASSETS LESS CURRENT LIABILITIES 742,067 522,375
Creditors: Amounts Falling Due After More Than One Year 7 (32,709 ) (85,800 )
NET ASSETS 709,358 436,575
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 709,357 436,574
SHAREHOLDERS' FUNDS 709,358 436,575
Page 1
Page 2
For the year ending 31 August 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 T M Langford
Director
11 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
Saxon Refurbishment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08651071 . The registered office is 1 Henbury Road, Westbury-On-Trym, Bristol, BS9 3HQ.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Motor Vehicles 5 Years
Fixtures & Fittings 4 Years
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.
Page 3
Page 4
2.5. Taxation
Income tax expense represents the sum of the tax currently payable 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 years 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.
Current 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, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2022 59,572 1,924 61,496
Disposals (59,572 ) - (59,572 )
As at 31 August 2023 - 1,924 1,924
Depreciation
As at 1 September 2022 - - -
Provided during the period - 481 481
As at 31 August 2023 - 481 481
Net Book Value
As at 31 August 2023 - 1,443 1,443
As at 1 September 2022 59,572 1,924 61,496
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 261,144 38,662
Other debtors - 232
261,144 38,894
Due after more than one year
Other debtors 477,498 387,698
477,498 387,698
738,642 426,592
Page 4
Page 5
Included in debtors due in more than one year is an amount of £477,498 (2022 - £387,698) owed to the company by Henol Properties Limited, a company owned and controlled by the director.
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 8,025
Trade creditors 1,039 11,778
Other taxes and social security 190,191 31,127
Other creditors 492 455
Accruals and deferred income 1,500 416
193,222 51,801
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 54,556
Other creditors 32,709 31,244
32,709 85,800
Included in creditors due in more than one year is an amount of £32,709 (2022 - £31,244) owed to the company by Saxon Flooring Limited, a company owned and controlled by the director.
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 8,025
Later than one year and not later than five years - 54,556
- 62,581
- 62,581
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 5