Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08334203 Mr Richard Mahoney iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08334203 2022-12-31 08334203 2023-12-31 08334203 2023-01-01 2023-12-31 08334203 frs-core:CurrentFinancialInstruments 2023-12-31 08334203 frs-core:Non-currentFinancialInstruments 2023-12-31 08334203 frs-core:BetweenOneFiveYears 2023-12-31 08334203 frs-core:ComputerEquipment 2023-12-31 08334203 frs-core:ComputerEquipment 2023-01-01 2023-12-31 08334203 frs-core:ComputerEquipment 2022-12-31 08334203 frs-core:FurnitureFittings 2023-12-31 08334203 frs-core:FurnitureFittings 2023-01-01 2023-12-31 08334203 frs-core:FurnitureFittings 2022-12-31 08334203 frs-core:NetGoodwill 2023-12-31 08334203 frs-core:NetGoodwill 2023-01-01 2023-12-31 08334203 frs-core:NetGoodwill 2022-12-31 08334203 frs-core:MotorVehicles 2023-12-31 08334203 frs-core:MotorVehicles 2023-01-01 2023-12-31 08334203 frs-core:MotorVehicles 2022-12-31 08334203 frs-core:PlantMachinery 2023-12-31 08334203 frs-core:PlantMachinery 2023-01-01 2023-12-31 08334203 frs-core:PlantMachinery 2022-12-31 08334203 frs-core:WithinOneYear 2023-12-31 08334203 frs-core:ShareCapital 2023-12-31 08334203 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08334203 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08334203 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08334203 frs-bus:SmallEntities 2023-01-01 2023-12-31 08334203 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08334203 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08334203 frs-bus:Director1 2023-01-01 2023-12-31 08334203 frs-countries:EnglandWales 2023-01-01 2023-12-31 08334203 2021-12-31 08334203 2022-12-31 08334203 2022-01-01 2022-12-31 08334203 frs-core:CurrentFinancialInstruments 2022-12-31 08334203 frs-core:Non-currentFinancialInstruments 2022-12-31 08334203 frs-core:BetweenOneFiveYears 2022-12-31 08334203 frs-core:WithinOneYear 2022-12-31 08334203 frs-core:ShareCapital 2022-12-31 08334203 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 08334203
How Scaffolding Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08334203
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 249,475 285,943
249,475 285,943
CURRENT ASSETS
Stocks 6 122,649 117,922
Debtors 7 19,648 60,654
Cash at bank and in hand 37,783 86,938
180,080 265,514
Creditors: Amounts Falling Due Within One Year 8 (82,373 ) (127,383 )
NET CURRENT ASSETS (LIABILITIES) 97,707 138,131
TOTAL ASSETS LESS CURRENT LIABILITIES 347,182 424,074
Creditors: Amounts Falling Due After More Than One Year 9 (39,972 ) (59,619 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (54,329 ) (54,329 )
NET ASSETS 252,881 310,126
CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Profit and Loss Account 251,881 309,126
SHAREHOLDERS' FUNDS 252,881 310,126
Page 1
Page 2
For the year ending 31 December 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 Richard Mahoney
Director
16/04/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
How Scaffolding Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08334203 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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:
Plant & Machinery 15% - reducing balance
Motor Vehicles 15% - reducing balance
Fixtures & Fittings 15% - reducing balance
Computer Equipment 15% - reducing balance
2.5. 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.
2.6. 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.
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2.7. 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 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.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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, including directors, during the year was: 2 (2022: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 500,000
As at 31 December 2023 500,000
Amortisation
As at 1 January 2023 500,000
As at 31 December 2023 500,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 224,875 180,986 2,715 4,039 412,615
Additions - 36,997 - 2,207 39,204
Disposals - (54,157 ) - - (54,157 )
As at 31 December 2023 224,875 163,826 2,715 6,246 397,662
Depreciation
As at 1 January 2023 52,554 71,450 1,443 1,225 126,672
...CONTINUED
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Provided during the period 25,848 17,234 190 753 44,025
Disposals - (22,510 ) - - (22,510 )
As at 31 December 2023 78,402 66,174 1,633 1,978 148,187
Net Book Value
As at 31 December 2023 146,473 97,652 1,082 4,268 249,475
As at 1 January 2023 172,321 109,536 1,272 2,814 285,943
6. Stocks
2023 2022
£ £
Work in progress 122,649 117,922
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 9,484 50,452
Other debtors - 15
Amounts owed by associates 10,164 10,187
19,648 60,654
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 8,302 12,602
Trade creditors 11,620 50,938
Bank loans and overdrafts 18,182 18,182
Corporation tax 30,793 33,025
VAT 11,322 12,613
Other creditors 1,874 -
Director's loan account 280 -
Amounts owed to associates - 23
82,373 127,383
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 14,215 15,680
Bank loans 25,757 43,939
39,972 59,619
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10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,302 12,602
Later than one year and not later than five years 14,215 15,680
22,517 28,282
22,517 28,282
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
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