Acorah Software Products - Accounts Production 15.0.500 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 09849367 Mr James David Thomas Ms Helen Lillis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09849367 2022-10-31 09849367 2023-10-31 09849367 2022-11-01 2023-10-31 09849367 frs-core:CurrentFinancialInstruments 2023-10-31 09849367 frs-core:Non-currentFinancialInstruments 2023-10-31 09849367 frs-core:ComputerEquipment 2023-10-31 09849367 frs-core:ComputerEquipment 2022-11-01 2023-10-31 09849367 frs-core:ComputerEquipment 2022-10-31 09849367 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-31 09849367 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-11-01 2023-10-31 09849367 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-10-31 09849367 frs-core:NetGoodwill 2023-10-31 09849367 frs-core:NetGoodwill 2022-11-01 2023-10-31 09849367 frs-core:NetGoodwill 2022-10-31 09849367 frs-core:MotorVehicles 2023-10-31 09849367 frs-core:MotorVehicles 2022-11-01 2023-10-31 09849367 frs-core:MotorVehicles 2022-10-31 09849367 frs-core:PlantMachinery 2023-10-31 09849367 frs-core:PlantMachinery 2022-11-01 2023-10-31 09849367 frs-core:PlantMachinery 2022-10-31 09849367 frs-core:ShareCapital 2023-10-31 09849367 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09849367 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09849367 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 09849367 frs-bus:SmallEntities 2022-11-01 2023-10-31 09849367 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09849367 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09849367 frs-bus:Director1 2022-11-01 2023-10-31 09849367 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 09849367 frs-countries:EnglandWales 2022-11-01 2023-10-31 09849367 2021-10-31 09849367 2022-10-31 09849367 2021-11-01 2022-10-31 09849367 frs-core:CurrentFinancialInstruments 2022-10-31 09849367 frs-core:Non-currentFinancialInstruments 2022-10-31 09849367 frs-core:ShareCapital 2022-10-31 09849367 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 09849367
Brookside Nursery Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09849367
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 63,190 79,002
Tangible Assets 5 67,321 71,485
Investment Properties 6 134,286 -
264,797 150,487
CURRENT ASSETS
Stocks 7 44,464 35,968
Debtors 8 27,812 39,994
Cash at bank and in hand 179,604 249,631
251,880 325,593
Creditors: Amounts Falling Due Within One Year 9 (168,695 ) (148,967 )
NET CURRENT ASSETS (LIABILITIES) 83,185 176,626
TOTAL ASSETS LESS CURRENT LIABILITIES 347,982 327,113
Creditors: Amounts Falling Due After More Than One Year 10 (32,016 ) (41,417 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 11 (23,388 ) (22,437 )
NET ASSETS 292,578 263,259
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 292,478 263,159
SHAREHOLDERS' FUNDS 292,578 263,259
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 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 James David Thomas
Director
31/07/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Brookside Nursery Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09849367 . The registered office is School Lane, Hints, England, B78 3DW.
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. 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 5 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Website Development. They are amortised to profit and loss account over its estimated economic life of 4 years.
2.5. 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
Computer Equipment 3 years straightline
2.6. 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.
2.7. 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.
Page 3
Page 4
2.8. 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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2022: 18)
16 18
4. Intangible Assets
Goodwill Development Costs Total
£ £ £
Cost
As at 1 November 2022 11,000 100,858 111,858
Additions - 4,725 4,725
As at 31 October 2023 11,000 105,583 116,583
Amortisation
As at 1 November 2022 11,000 21,856 32,856
Provided during the period - 20,537 20,537
As at 31 October 2023 11,000 42,393 53,393
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 October 2023 - 63,190 63,190
As at 1 November 2022 - 79,002 79,002
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2022 112,985 26,115 28,020 167,120
Additions - 15,080 2,208 17,288
As at 31 October 2023 112,985 41,195 30,228 184,408
Depreciation
As at 1 November 2022 63,883 11,399 20,353 95,635
Provided during the period 12,275 4,526 4,651 21,452
As at 31 October 2023 76,158 15,925 25,004 117,087
Net Book Value
As at 31 October 2023 36,827 25,270 5,224 67,321
As at 1 November 2022 49,102 14,716 7,667 71,485
6. Investment Property
2023
£
Fair Value
As at 1 November 2022 -
Additions 134,286
As at 31 October 2023 134,286
7. Stocks
2023 2022
£ £
Finished goods 44,464 35,968
8. Debtors
2023 2022
£ £
Due within one year
Trade debtors 318 -
Other debtors 27,494 39,994
27,812 39,994
Page 5
Page 6
9. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 100,357 135,159
Bank loans and overdrafts 6,600 3,804
Other loans 27,277 -
Other taxes and social security 24,922 7,736
Other creditors 9,539 2,268
168,695 148,967
10. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 32,016 41,417
11. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 23,388 22,437
12. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 6