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 01237126 Mr Christopher Butcher Mrs Fenella Butcher Mr David Butcher Mrs Elizabeth Butcher Mr James Butcher Mr Benjamin Butcher Mrs Harriet Hopley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01237126 2022-12-31 01237126 2023-12-31 01237126 2023-01-01 2023-12-31 01237126 frs-core:CurrentFinancialInstruments 2023-12-31 01237126 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 01237126 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 01237126 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 01237126 frs-core:MotorVehicles 2023-12-31 01237126 frs-core:MotorVehicles 2023-01-01 2023-12-31 01237126 frs-core:MotorVehicles 2022-12-31 01237126 frs-core:PlantMachinery 2023-12-31 01237126 frs-core:PlantMachinery 2023-01-01 2023-12-31 01237126 frs-core:PlantMachinery 2022-12-31 01237126 frs-core:ShareCapital 2023-12-31 01237126 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 01237126 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01237126 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 01237126 frs-bus:SmallEntities 2023-01-01 2023-12-31 01237126 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01237126 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01237126 frs-bus:OrdinaryShareClass2 2023-01-01 2023-12-31 01237126 frs-bus:OrdinaryShareClass2 2023-12-31 01237126 frs-bus:OrdinaryShareClass3 2023-01-01 2023-12-31 01237126 frs-bus:OrdinaryShareClass3 2023-12-31 01237126 frs-bus:OrdinaryShareClass4 2023-01-01 2023-12-31 01237126 frs-bus:OrdinaryShareClass4 2023-12-31 01237126 frs-bus:OrdinaryShareClass5 2023-01-01 2023-12-31 01237126 frs-bus:OrdinaryShareClass5 2023-12-31 01237126 frs-bus:Director1 2023-01-01 2023-12-31 01237126 frs-bus:Director2 2023-01-01 2023-12-31 01237126 frs-bus:Director3 2023-01-01 2023-12-31 01237126 frs-bus:Director4 2023-01-01 2023-12-31 01237126 frs-bus:Director5 2023-01-01 2023-12-31 01237126 frs-bus:Director6 2023-01-01 2023-12-31 01237126 frs-bus:Director7 2023-01-01 2023-12-31 01237126 frs-countries:EnglandWales 2023-01-01 2023-12-31 01237126 2021-12-31 01237126 2022-12-31 01237126 2022-01-01 2022-12-31 01237126 frs-core:CurrentFinancialInstruments 2022-12-31 01237126 frs-core:ShareCapital 2022-12-31 01237126 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 01237126 frs-bus:OrdinaryShareClass2 2022-01-01 2022-12-31 01237126 frs-bus:OrdinaryShareClass3 2022-01-01 2022-12-31 01237126 frs-bus:OrdinaryShareClass4 2022-01-01 2022-12-31 01237126 frs-bus:OrdinaryShareClass5 2022-01-01 2022-12-31
Registered number: 01237126
Stanley Butcher And Sons Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
BarkerBarnes & Co Limited
Chartered Accountants
9 Horseshoe Drive
Romsey
Hampshire
SO51 7TP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01237126
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 29,849 10,506
29,849 10,506
CURRENT ASSETS
Stocks 5 330,645 362,677
Debtors 6 195,738 192,166
Cash at bank and in hand 180,697 102,717
707,080 657,560
Creditors: Amounts Falling Due Within One Year 7 (524,450 ) (373,962 )
NET CURRENT ASSETS (LIABILITIES) 182,630 283,598
TOTAL ASSETS LESS CURRENT LIABILITIES 212,479 294,104
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,119 ) (2,521 )
NET ASSETS 208,360 291,583
CAPITAL AND RESERVES
Called up share capital 8 1,010 1,010
Profit and Loss Account 207,350 290,573
SHAREHOLDERS' FUNDS 208,360 291,583
Page 1
Page 2
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
Mr James Butcher
Director
01/08/2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Stanley Butcher And Sons Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01237126 . The registered office is Stanley House Unit 13-14 Romsey Industrial Estate, Greatbridge Road, Romsey, SO51 0HR.
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.
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:
Leasehold 25% straight line
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
2.4. Leasing and Hire Purchase Contracts
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.
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. 
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. 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.
...CONTINUED
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2.7. Taxation - continued
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.
2.8. 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.
2.9. Financial assets
The company has elected to apply the provisions of Section 11 'Basic FInancial Instruments' and Section 12 'Other Financial Instrument Issues' of FRS102 to all of its financial instruments.
Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method at the present value of the future receipts discounted at market value.
2.10. Financial liabilities
Basic financial liabilites, which include trade and other payables, are initally measured at the transaction price and subsequently measured at amortised cost, unless the arrangement constitiues a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
2.11. Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs.  Dividends payable on equity instruments are recogised as liabilities once they are no longer at the discretion of the company.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2022: 14)
12 14
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 January 2023 17,367 47,523 9,995 74,885
Additions 17,803 12,125 - 29,928
Disposals (17,367 ) - (9,995 ) (27,362 )
As at 31 December 2023 17,803 59,648 - 77,451
Depreciation
As at 1 January 2023 17,367 37,017 9,995 64,379
Provided during the period 4,451 6,158 - 10,609
Disposals (17,367 ) (24 ) (9,995 ) (27,386 )
As at 31 December 2023 4,451 43,151 - 47,602
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 December 2023 13,352 16,497 - 29,849
As at 1 January 2023 - 10,506 - 10,506
5. Stocks
2023 2022
£ £
Stock 330,645 362,677
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 104,901 89,377
Other debtors 75,837 69,789
180,738 159,166
Due after more than one year
Other debtors 15,000 33,000
195,738 192,166
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 188,059 143,394
Other creditors 120,683 51,526
Taxation and social security 215,708 179,042
524,450 373,962
Included in other creditors is the pension creditor of £2,160 (2022:  £1,684).
8. Share Capital
2023 2022
Allotted, called up and fully paid £ £
300 Ordinary A shares of £ 1 each 300 300
200 Ordinary B shares of £ 1 each 200 200
110 Ordinary C shares of £ 1 each 110 110
100 Ordinary D shares of £ 1 each 100 100
100 Ordinary E shares of £ 1 each 100 100
200 Ordinary F shares of £ 1 each 200 200
1,010 1,010
9. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 379,848 447,372
Dividends totalling £379,848 (2022:  £447,372) were issued in the period.
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10. Related Party Transactions
Included in other creditors includes directors loan accounts totalling £32,891.
11. Leasing Agreements
At the balance sheet date the company had future commitments under operating lease which totalled £130,000 (2022:  £87,656).
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