Acorah Software Products - Accounts Production 15.0.500 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 05884150 MR RICHARD COBBING iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05884150 2022-07-31 05884150 2023-07-31 05884150 2022-08-01 2023-07-31 05884150 frs-core:CurrentFinancialInstruments 2023-07-31 05884150 frs-core:Non-currentFinancialInstruments 2023-07-31 05884150 frs-core:FurnitureFittings 2023-07-31 05884150 frs-core:FurnitureFittings 2022-08-01 2023-07-31 05884150 frs-core:FurnitureFittings 2022-07-31 05884150 frs-core:NetGoodwill 2023-07-31 05884150 frs-core:NetGoodwill 2022-08-01 2023-07-31 05884150 frs-core:NetGoodwill 2022-07-31 05884150 frs-core:MotorVehicles 2023-07-31 05884150 frs-core:MotorVehicles 2022-08-01 2023-07-31 05884150 frs-core:MotorVehicles 2022-07-31 05884150 frs-core:SharePremium 2023-07-31 05884150 frs-core:ShareCapital 2023-07-31 05884150 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 05884150 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 05884150 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 05884150 frs-bus:SmallEntities 2022-08-01 2023-07-31 05884150 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 05884150 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 05884150 frs-bus:Director1 2022-08-01 2023-07-31 05884150 frs-countries:EnglandWales 2022-08-01 2023-07-31 05884150 2021-07-31 05884150 2022-07-31 05884150 2021-08-01 2022-07-31 05884150 frs-core:CurrentFinancialInstruments 2022-07-31 05884150 frs-core:Non-currentFinancialInstruments 2022-07-31 05884150 frs-core:SharePremium 2022-07-31 05884150 frs-core:ShareCapital 2022-07-31 05884150 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 05884150
BAKER & COBBING LTD
Unaudited Financial Statements
For The Year Ended 31 July 2023
PLS Management
Pls Management
44 Richmond Road
Kingston Upon Thames
KT2 5EE
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05884150
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 42,000 42,000
Tangible Assets 5 18,685 25,338
60,685 67,338
CURRENT ASSETS
Stocks 6 5,534 5,534
Debtors 7 17,447 13,458
Investments 8 1,942 1,492
Cash at bank and in hand (1,546 ) 62,460
23,377 82,944
Creditors: Amounts Falling Due Within One Year 9 (75,970 ) (41,056 )
NET CURRENT ASSETS (LIABILITIES) (52,593 ) 41,888
TOTAL ASSETS LESS CURRENT LIABILITIES 8,092 109,226
Creditors: Amounts Falling Due After More Than One Year 10 (32,500 ) (42,500 )
NET (LIABILITIES)/ASSETS (24,408 ) 66,726
CAPITAL AND RESERVES
Called up share capital 11 250 250
Share premium account 42,250 42,250
Profit and Loss Account (66,908 ) 24,226
SHAREHOLDERS' FUNDS (24,408) 66,726
Page 1
Page 2
For the year ending 31 July 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 COBBING
Director
30/07/2024
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
BAKER & COBBING LTD is a private company, limited by shares, incorporated in England & Wales, registered number 05884150 . The registered office is 56 FARRINGDON ROAD, LONDON, EC1R 3BL.
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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form 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. 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 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% straight line
Fixtures & Fittings 25% 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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: 9 (2022: 9)
9 9
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2022 84,500
As at 31 July 2023 84,500
Amortisation
As at 1 August 2022 42,500
As at 31 July 2023 42,500
Net Book Value
As at 31 July 2023 42,000
As at 1 August 2022 42,000
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2022 29,341 40,556 69,897
As at 31 July 2023 29,341 40,556 69,897
Depreciation
As at 1 August 2022 6,357 38,202 44,559
Provided during the period 5,868 785 6,653
As at 31 July 2023 12,225 38,987 51,212
Net Book Value
As at 31 July 2023 17,116 1,569 18,685
As at 1 August 2022 22,984 2,354 25,338
6. Stocks
2023 2022
£ £
Finished goods 5,534 5,534
Page 4
Page 5
7. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 4,517 821
Director's loan account 9,667 12,637
14,184 13,458
Due after more than one year
Corporation tax recoverable assets 3,263 -
3,263 -
17,447 13,458
8. Current Asset Investments
2023 2022
£ £
Short term deposits 1,942 1,492
1,942 1,492
9. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 38,344 24,969
Bank loans and overdrafts 3,720 -
Corporation tax (2,730 ) (5,992 )
Other taxes and social security 21,397 6,557
VAT 13,287 3,578
Net wages 1,507 1,944
Other creditors - 10,000
Accruals and deferred income 445 -
75,970 41,056
10. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 32,500 42,500
32,500 42,500
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 250 250
Page 5