Acorah Software Products - Accounts Production 14.5.601 false true 31 January 2023 24 January 2022 false 1 February 2023 31 January 2024 31 January 2024 13867352 Mr Sukhpal SOHAL Miss Courtney Ashby iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13867352 2023-01-31 13867352 2024-01-31 13867352 2023-02-01 2024-01-31 13867352 frs-core:CurrentFinancialInstruments 2024-01-31 13867352 frs-core:Non-currentFinancialInstruments 2024-01-31 13867352 frs-core:FurnitureFittings 2024-01-31 13867352 frs-core:FurnitureFittings 2023-02-01 2024-01-31 13867352 frs-core:FurnitureFittings 2023-01-31 13867352 frs-core:PlantMachinery 2024-01-31 13867352 frs-core:PlantMachinery 2023-02-01 2024-01-31 13867352 frs-core:PlantMachinery 2023-01-31 13867352 frs-core:ShareCapital 2024-01-31 13867352 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 13867352 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13867352 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 13867352 frs-bus:SmallEntities 2023-02-01 2024-01-31 13867352 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13867352 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13867352 frs-bus:Director1 2023-02-01 2024-01-31 13867352 frs-bus:Director2 2023-02-01 2024-01-31 13867352 frs-countries:EnglandWales 2023-02-01 2024-01-31 13867352 2022-01-23 13867352 2023-01-31 13867352 2022-01-24 2023-01-31 13867352 frs-core:CurrentFinancialInstruments 2023-01-31 13867352 frs-core:Non-currentFinancialInstruments 2023-01-31 13867352 frs-core:ShareCapital 2023-01-31 13867352 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 13867352
Fleetbank House Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Accufy Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13867352
31 January 2024 31 January 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,764 -
Investment Properties 5 415,000 300,000
426,764 300,000
CURRENT ASSETS
Debtors 6 13 -
Cash at bank and in hand 3,478 30,155
3,491 30,155
Creditors: Amounts Falling Due Within One Year 7 (320,635 ) (251,280 )
NET CURRENT ASSETS (LIABILITIES) (317,144 ) (221,125 )
TOTAL ASSETS LESS CURRENT LIABILITIES 109,620 78,875
Creditors: Amounts Falling Due After More Than One Year 8 (95,000 ) (55,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (59,975 ) (21,531 )
NET (LIABILITIES)/ASSETS (45,355 ) 2,344
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (45,357 ) 2,342
SHAREHOLDERS' FUNDS (45,355) 2,344
Page 1
Page 2
For the year ending 31 January 2024 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 Sukhpal SOHAL
Director
16/04/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Fleetbank House Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13867352 . The registered office is 7 Brewery Pool, Newton Stewart, DG8 6DR.
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:
Plant & Machinery Straight line
Fixtures & Fittings Straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. 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 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 assets reflect 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 February 2023 - - -
Additions 5,500 7,412 12,912
As at 31 January 2024 5,500 7,412 12,912
Depreciation
As at 1 February 2023 - - -
Provided during the period 566 582 1,148
As at 31 January 2024 566 582 1,148
Net Book Value
As at 31 January 2024 4,934 6,830 11,764
As at 1 February 2023 - - -
5. Investment Property
31 January 2024
£
Fair Value
As at 1 February 2023 300,000
Additions 16,737
Disposals (38,000 )
Revaluations 136,263
As at 31 January 2024 415,000
6. Debtors
31 January 2024 31 January 2023
£ £
Due within one year
Other debtors 13 -
7. Creditors: Amounts Falling Due Within One Year
31 January 2024 31 January 2023
£ £
Trade creditors - 1
Accruals and deferred income 1,466 642
Directors' loan accounts 225,178 173,334
Amounts owed to related parties 93,991 77,303
320,635 251,280
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8. Creditors: Amounts Falling Due After More Than One Year
31 January 2024 31 January 2023
£ £
Bank loans 95,000 55,000
9. Share Capital
31 January 2024 31 January 2023
£ £
Allotted, Called up and fully paid 2 2
10. Related Party Transactions
Kufara Properties LtdMr Damon Wiseman is the sole director and shareholder of Kufara Properties and is the Fiance of Miss Courtney Ashby.Loan of £77,278 to Fleetbank House Ltd

Kufara Properties Ltd

Mr Damon Wiseman is the sole director and shareholder of Kufara Properties and is the Fiance of Miss Courtney Ashby.

Loan of £77,278 to Fleetbank House Ltd

Mr Damon WisemanFiance to Miss Courtney Ashby£16,713 loan to Fleetbank House Ltd

Mr Damon Wiseman

Fiance to Miss Courtney Ashby

£16,713 loan to Fleetbank House Ltd

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