Acorah Software Products - Accounts Production 15.0.500 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11580175 Miss Kate Holden Mr Gregory Proud iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11580175 2022-12-31 11580175 2023-12-31 11580175 2023-01-01 2023-12-31 11580175 frs-core:CurrentFinancialInstruments 2023-12-31 11580175 frs-core:Non-currentFinancialInstruments 2023-12-31 11580175 frs-core:ComputerEquipment 2023-12-31 11580175 frs-core:ComputerEquipment 2023-01-01 2023-12-31 11580175 frs-core:ComputerEquipment 2022-12-31 11580175 frs-core:FurnitureFittings 2023-12-31 11580175 frs-core:FurnitureFittings 2023-01-01 2023-12-31 11580175 frs-core:FurnitureFittings 2022-12-31 11580175 frs-core:PlantMachinery 2023-12-31 11580175 frs-core:PlantMachinery 2023-01-01 2023-12-31 11580175 frs-core:PlantMachinery 2022-12-31 11580175 frs-core:ShareCapital 2023-12-31 11580175 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11580175 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11580175 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11580175 frs-bus:SmallEntities 2023-01-01 2023-12-31 11580175 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11580175 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11580175 frs-bus:Director1 2023-01-01 2023-12-31 11580175 frs-bus:Director1 2022-12-31 11580175 frs-bus:Director1 2023-12-31 11580175 frs-bus:Director2 2023-01-01 2023-12-31 11580175 frs-bus:Director2 2022-12-31 11580175 frs-bus:Director2 2023-12-31 11580175 frs-countries:EnglandWales 2023-01-01 2023-12-31 11580175 2021-12-31 11580175 2022-12-31 11580175 2022-01-01 2022-12-31 11580175 frs-core:CurrentFinancialInstruments 2022-12-31 11580175 frs-core:Non-currentFinancialInstruments 2022-12-31 11580175 frs-core:ShareCapital 2022-12-31 11580175 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11580175
Provenance Brix & Mortar Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11580175
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,982 40,471
27,982 40,471
CURRENT ASSETS
Stocks 5 10,000 8,500
Debtors 6 74,556 75,770
Cash at bank and in hand 51,880 13,737
136,436 98,007
Creditors: Amounts Falling Due Within One Year 7 (145,207 ) (117,058 )
NET CURRENT ASSETS (LIABILITIES) (8,771 ) (19,051 )
TOTAL ASSETS LESS CURRENT LIABILITIES 19,211 21,420
Creditors: Amounts Falling Due After More Than One Year 8 (13,087 ) (21,087 )
NET ASSETS 6,124 333
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 6,122 331
SHAREHOLDERS' FUNDS 6,124 333
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For the year ending 31 December 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
Miss Kate Holden
Director
Mr Gregory Proud
Director
8 May 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
Provenance Brix & Mortar Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11580175 . The registered office is The Mill Pury Hill Business Park, Alderton Road, Towcester, Northamptonshire, NN12 7LS.
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 33% Straight line & 20% Straight line
Fixtures & Fittings 20% Straight Line
Computer Equipment 25% Straight Line
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.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 35 (2022: 28)
35 28
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 52,765 31,323 1,806 85,894
Additions 632 1,076 - 1,708
As at 31 December 2023 53,397 32,399 1,806 87,602
Depreciation
As at 1 January 2023 40,025 4,495 903 45,423
Provided during the period 7,842 5,904 451 14,197
As at 31 December 2023 47,867 10,399 1,354 59,620
Net Book Value
As at 31 December 2023 5,530 22,000 452 27,982
As at 1 January 2023 12,740 26,828 903 40,471
5. Stocks
2023 2022
£ £
Stock 10,000 8,500
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 74,556 75,770
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 44,790 63,485
Bank loans and overdrafts 7,580 7,580
Other loans - 216
Other creditors 16,358 680
Taxation and social security 76,479 45,097
145,207 117,058
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 13,087 21,087
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9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Miss Kate Holden 33,001 - - - 30,000
Mr Gregory Proud 33,001 - - - 44,556
The above loan is unsecured, interest free and repayable on demand.
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