Acorah Software Products - Accounts Production 15.0.500 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 08282441 Mrs Emma Davis Mr Craig Davis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08282441 2022-11-30 08282441 2023-11-30 08282441 2022-12-01 2023-11-30 08282441 frs-core:CurrentFinancialInstruments 2023-11-30 08282441 frs-core:Non-currentFinancialInstruments 2023-11-30 08282441 frs-core:FurnitureFittings 2023-11-30 08282441 frs-core:FurnitureFittings 2022-12-01 2023-11-30 08282441 frs-core:FurnitureFittings 2022-11-30 08282441 frs-core:NetGoodwill 2023-11-30 08282441 frs-core:NetGoodwill 2022-12-01 2023-11-30 08282441 frs-core:NetGoodwill 2022-11-30 08282441 frs-core:MotorVehicles 2023-11-30 08282441 frs-core:MotorVehicles 2022-12-01 2023-11-30 08282441 frs-core:MotorVehicles 2022-11-30 08282441 frs-core:PlantMachinery 2023-11-30 08282441 frs-core:PlantMachinery 2022-12-01 2023-11-30 08282441 frs-core:PlantMachinery 2022-11-30 08282441 frs-core:ShareCapital 2023-11-30 08282441 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 08282441 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08282441 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 08282441 frs-bus:SmallEntities 2022-12-01 2023-11-30 08282441 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 08282441 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 08282441 frs-bus:Director1 2022-12-01 2023-11-30 08282441 frs-bus:Director2 2022-12-01 2023-11-30 08282441 frs-bus:Director2 2022-11-30 08282441 frs-bus:Director2 2023-11-30 08282441 frs-core:CurrentFinancialInstruments 2 2023-11-30 08282441 frs-countries:EnglandWales 2022-12-01 2023-11-30 08282441 2021-11-30 08282441 2022-11-30 08282441 2021-12-01 2022-11-30 08282441 frs-core:CurrentFinancialInstruments 2022-11-30 08282441 frs-core:Non-currentFinancialInstruments 2022-11-30 08282441 frs-core:MoreThanFiveYears 2022-11-30 08282441 frs-core:ShareCapital 2022-11-30 08282441 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 08282441 frs-core:CurrentFinancialInstruments 2 2022-11-30
Registered number: 08282441
Urban Flooring Services Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Mendip Accounting Solutions Ltd
6 Hill Road
Clevedon
North Somerset
BS21 7NE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08282441
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 88,158 55,217
88,158 55,217
CURRENT ASSETS
Debtors 6 400,871 658,161
Cash at bank and in hand 78,037 41,668
478,908 699,829
Creditors: Amounts Falling Due Within One Year 7 (389,259 ) (457,685 )
NET CURRENT ASSETS (LIABILITIES) 89,649 242,144
TOTAL ASSETS LESS CURRENT LIABILITIES 177,807 297,361
Creditors: Amounts Falling Due After More Than One Year 8 (100,000 ) (147,809 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,906 ) (10,363 )
NET ASSETS 61,901 139,189
CAPITAL AND RESERVES
Called up share capital 10 100 148,918
Profit and Loss Account 61,801 (9,729 )
SHAREHOLDERS' FUNDS 61,901 139,189
Page 1
Page 2
For the year ending 30 November 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
Mrs Emma Davis
Director
31/05/2024
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
Urban Flooring Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08282441 . The registered office is 6 Hill Road, Clevedon, North Somerset, BS21 7NE.
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 .... years.
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 20% straight line
Motor Vehicles 20% straight line
Fixtures & Fittings 20% straight line
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.
Page 3
Page 4
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 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: 8 (2022: 8)
8 8
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2022 877,000
As at 30 November 2023 877,000
Amortisation
As at 1 December 2022 877,000
As at 30 November 2023 877,000
Net Book Value
As at 30 November 2023 -
As at 1 December 2022 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 December 2022 1,864 134,528 35,351 171,743
Additions 4,922 52,312 5,287 62,521
Disposals - (40,385 ) - (40,385 )
As at 30 November 2023 6,786 146,455 40,638 193,879
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 December 2022 1,190 84,995 30,341 116,526
Provided during the period 1,153 24,220 4,207 29,580
Disposals - (40,385 ) - (40,385 )
As at 30 November 2023 2,343 68,830 34,548 105,721
Net Book Value
As at 30 November 2023 4,443 77,625 6,090 88,158
As at 1 December 2022 674 49,533 5,010 55,217
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 319,454 401,421
Prepayments and accrued income 20,032 18,873
VAT 12,618 60,193
Directors' loan accounts 48,767 177,674
400,871 658,161
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 66,815 119,689
Corporation tax 45,419 11,051
Other taxes and social security 4,719 12,957
Factoring creditor 195,308 237,993
Other creditors (2) 76,998 45,995
Directors' loan accounts - 30,000
389,259 457,685
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 7,809
Bank loans 100,000 140,000
100,000 147,809
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Later than five years - 7,809
Page 5
Page 6
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 148,918
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2022 Amounts advanced Amounts repaid Amounts written off As at 30 November 2023
£ £ £ £ £
Mr Craig Davis 177,674 - 177,674 - -
The above loan is unsecured, interest free and repayable on demand.
Page 6