Acorah Software Products - Accounts Production 15.0.400 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 13088563 Mr Edward Haskins Miss Esther Newman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13088563 2022-10-31 13088563 2023-10-31 13088563 2022-11-01 2023-10-31 13088563 frs-core:CurrentFinancialInstruments 2023-10-31 13088563 frs-core:Non-currentFinancialInstruments 2023-10-31 13088563 frs-core:ComputerEquipment 2023-10-31 13088563 frs-core:ComputerEquipment 2022-11-01 2023-10-31 13088563 frs-core:ComputerEquipment 2022-10-31 13088563 frs-core:FurnitureFittings 2023-10-31 13088563 frs-core:FurnitureFittings 2022-11-01 2023-10-31 13088563 frs-core:FurnitureFittings 2022-10-31 13088563 frs-core:PlantMachinery 2023-10-31 13088563 frs-core:PlantMachinery 2022-11-01 2023-10-31 13088563 frs-core:PlantMachinery 2022-10-31 13088563 frs-core:ShareCapital 2023-10-31 13088563 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 13088563 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 13088563 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 13088563 frs-bus:SmallEntities 2022-11-01 2023-10-31 13088563 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 13088563 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 13088563 frs-bus:Director1 2022-11-01 2023-10-31 13088563 frs-bus:Director2 2022-11-01 2023-10-31 13088563 frs-countries:EnglandWales 2022-11-01 2023-10-31 13088563 2021-10-31 13088563 2022-10-31 13088563 2021-11-01 2022-10-31 13088563 frs-core:CurrentFinancialInstruments 2022-10-31 13088563 frs-core:Non-currentFinancialInstruments 2022-10-31 13088563 frs-core:ShareCapital 2022-10-31 13088563 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 13088563
The Yard In Bath Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
TaxAssist Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13088563
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 33,357 8,214
33,357 8,214
CURRENT ASSETS
Stocks 5 13,500 11,000
Debtors 6 104,636 88,969
Cash at bank and in hand 26,286 86,313
144,422 186,282
Creditors: Amounts Falling Due Within One Year 7 (131,744 ) (93,094 )
NET CURRENT ASSETS (LIABILITIES) 12,678 93,188
TOTAL ASSETS LESS CURRENT LIABILITIES 46,035 101,402
Creditors: Amounts Falling Due After More Than One Year 8 (377 ) (378 )
NET ASSETS 45,658 101,024
CAPITAL AND RESERVES
Called up share capital 9 (2 ) -
Profit and Loss Account 45,660 101,024
SHAREHOLDERS' FUNDS 45,658 101,024
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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.
On behalf of the board
Mr Edward Haskins
Director
31st July 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
The Yard In Bath Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13088563 . The registered office is 1 Monmouth Place, Bath, BA1 2AT.
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 SLM-20%
Fixtures & Fittings SLM-25%
Computer Equipment SLM-33%
2.4. 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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2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2022: 30)
22 30
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2022 5,855 4,458 1,375 11,688
Additions 4,218 34,889 319 39,426
As at 31 October 2023 10,073 39,347 1,694 51,114
Depreciation
As at 1 November 2022 2,223 368 883 3,474
Provided during the period 2,015 11,703 565 14,283
As at 31 October 2023 4,238 12,071 1,448 17,757
Net Book Value
As at 31 October 2023 5,835 27,276 246 33,357
As at 1 November 2022 3,632 4,090 492 8,214
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5. Stocks
2023 2022
£ £
Finished goods 13,500 11,000
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 29,061 9,241
Prepayments and accrued income 49,000 75,000
Directors' loan accounts 26,575 4,315
104,636 88,556
Due after more than one year
Other taxes and social security - 413
104,636 88,969
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 24,989 13,480
Bank loans and overdrafts 25,779 -
Corporation tax - 20,591
Other taxes and social security 6,779 9,131
VAT 62,813 25,908
Net wages 7,041 15,776
Accruals and deferred income 168 575
Directors' loan accounts 4,175 7,633
131,744 93,094
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 377 378
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid (2 ) -
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