Acorah Software Products - Accounts Production 15.0.500 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 7981980 Mr Andrew Brown Mr Andrew Brown true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 7981980 2023-03-31 7981980 2024-03-31 7981980 2023-04-01 2024-03-31 7981980 frs-core:CurrentFinancialInstruments 2024-03-31 7981980 frs-core:FurnitureFittings 2024-03-31 7981980 frs-core:FurnitureFittings 2023-04-01 2024-03-31 7981980 frs-core:FurnitureFittings 2023-03-31 7981980 frs-core:NetGoodwill 2024-03-31 7981980 frs-core:NetGoodwill 2023-04-01 2024-03-31 7981980 frs-core:NetGoodwill 2023-03-31 7981980 frs-core:MotorVehicles 2024-03-31 7981980 frs-core:MotorVehicles 2023-04-01 2024-03-31 7981980 frs-core:MotorVehicles 2023-03-31 7981980 frs-core:ShareCapital 2024-03-31 7981980 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 7981980 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 7981980 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 7981980 frs-bus:SmallEntities 2023-04-01 2024-03-31 7981980 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 7981980 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 7981980 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 7981980 frs-bus:OrdinaryShareClass1 2024-03-31 7981980 frs-bus:OrdinaryShareClass3 2023-04-01 2024-03-31 7981980 frs-bus:OrdinaryShareClass3 2024-03-31 7981980 1 2023-04-01 2024-03-31 7981980 frs-bus:Director1 2023-04-01 2024-03-31 7981980 frs-core:CurrentFinancialInstruments 1 2024-03-31 7981980 frs-countries:EnglandWales 2023-04-01 2024-03-31 7981980 2022-03-31 7981980 2023-03-31 7981980 2022-04-01 2023-03-31 7981980 frs-core:CurrentFinancialInstruments 2023-03-31 7981980 frs-core:ShareCapital 2023-03-31 7981980 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 7981980 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31 7981980 frs-bus:OrdinaryShareClass3 2022-04-01 2023-03-31 7981980 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 7981980
Bradburn & Co Accountants Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Bradburn & Co Accountants Ltd
19 Alton Road
Oxton
Wirral
CH43 6UB
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 7981980
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 20,015 24,630
20,015 24,630
CURRENT ASSETS
Stocks 6 800 2,115
Debtors 7 3,262 5,091
Cash at bank and in hand 106,618 120,810
110,680 128,016
Creditors: Amounts Falling Due Within One Year 8 (128,899 ) (152,568 )
NET CURRENT ASSETS (LIABILITIES) (18,219 ) (24,552 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,796 78
NET ASSETS 1,796 78
CAPITAL AND RESERVES
Called up share capital 9 101 101
Income Statement 1,695 (23 )
SHAREHOLDERS' FUNDS 1,796 78
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For the year ending 31 March 2024 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 Income Statement.
On behalf of the board
Mr Andrew Brown
Director
03/04/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Bradburn & Co Accountants Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 7981980 . The registered office is 19 Alton Road, Oxton, Wirral, CH43 6UB.
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 Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 20% reducing balance
Fixtures & Fittings 10% reducing balance
2.5. 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.
2.6. 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, including directors, during the year was: 2 (2023: 2)
2 2
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4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 56,000
As at 31 March 2024 56,000
Amortisation
As at 1 April 2023 56,000
As at 31 March 2024 56,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 90,263 7,371 97,634
As at 31 March 2024 90,263 7,371 97,634
Depreciation
As at 1 April 2023 68,734 4,270 73,004
Provided during the period 4,305 310 4,615
As at 31 March 2024 73,039 4,580 77,619
Net Book Value
As at 31 March 2024 17,224 2,791 20,015
As at 1 April 2023 21,529 3,101 24,630
6. Stocks
2024 2023
£ £
Materials - 25
Work in progress 800 2,090
800 2,115
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,262 4,091
Other debtors - 1,000
3,262 5,091
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) (1 )
Bank loans and overdrafts 8,300 12,127
Corporation tax 6,881 6,800
Other taxes and social security 1,660 1,256
VAT 5,405 4,519
Other creditors 99,402 118,313
Other creditors (1) 370 503
Director's loan account 6,882 9,051
128,899 152,568
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.000 each 100 100
1 Ordinary B shares of £ 1.000 each 1 1
101 101
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Andrew Brown 22,000 20,800
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr Andrew Brown by virtue of his ownership of 99% of the issued share capital in the company.
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