Acorah Software Products - Accounts Production 15.0.400 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 06875130 Miss D Lymer Mr G Lymer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06875130 2022-10-31 06875130 2023-10-31 06875130 2022-11-01 2023-10-31 06875130 frs-core:Non-currentFinancialInstruments 2023-10-31 06875130 frs-core:ComputerEquipment 2022-11-01 2023-10-31 06875130 frs-core:FurnitureFittings 2022-11-01 2023-10-31 06875130 frs-core:MotorVehicles 2022-11-01 2023-10-31 06875130 frs-core:PlantMachinery 2022-11-01 2023-10-31 06875130 frs-core:ShareCapital 2023-10-31 06875130 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 06875130 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 06875130 frs-bus:AbridgedAccounts 2022-11-01 2023-10-31 06875130 frs-bus:SmallEntities 2022-11-01 2023-10-31 06875130 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 06875130 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 06875130 frs-bus:Director1 2022-11-01 2023-10-31 06875130 frs-bus:Director2 2022-11-01 2023-10-31 06875130 frs-countries:EnglandWales 2022-11-01 2023-10-31 06875130 2021-10-31 06875130 2022-10-31 06875130 2021-11-01 2022-10-31 06875130 frs-core:Non-currentFinancialInstruments 2022-10-31 06875130 frs-core:ShareCapital 2022-10-31 06875130 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 06875130
A1 Pallets & Timber Products Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 06875130
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 30,426 40,635
30,426 40,635
CURRENT ASSETS
Stocks 37,881 38,446
Debtors 89,366 107,768
Cash at bank and in hand 1,782 -
129,029 146,214
Creditors: Amounts Falling Due Within One Year (322,577 ) (308,375 )
NET CURRENT ASSETS (LIABILITIES) (193,548 ) (162,161 )
TOTAL ASSETS LESS CURRENT LIABILITIES (163,122 ) (121,526 )
Creditors: Amounts Falling Due After More Than One Year (29,234 ) (75,554 )
NET LIABILITIES (192,356 ) (197,080 )
CAPITAL AND RESERVES
Called up share capital 5 3 3
Profit and Loss Account (192,359 ) (197,083 )
SHAREHOLDERS' FUNDS (192,356) (197,080)
Page 1
Page 2
For the year ending 31 October 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 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 October 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Miss D Lymer
Director
30 July 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
A1 Pallets & Timber Products Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06875130 . The registered office is Brooke Building, Shepcote Lane, Sheffield, S9 1QT.
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. Going Concern Disclosure
The financial statements have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent on the continued support of the directors and businesses under common control not requiring the withdrawal of the monies owed to them until sufficient funds are available. If the company were unable to trade, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.
2.3. 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.
2.4. 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 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2022: 10)
9 10
Page 3
Page 4
4. Tangible Assets
Total
£
Cost
As at 1 November 2022 86,337
As at 31 October 2023 86,337
Depreciation
As at 1 November 2022 45,702
Provided during the period 10,209
As at 31 October 2023 55,911
Net Book Value
As at 31 October 2023 30,426
As at 1 November 2022 40,635
5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 3 3
Page 4