Acorah Software Products - Accounts Production 15.0.500 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06844987 Ms Emma Morley Mr Simon Goff iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06844987 2023-03-31 06844987 2024-03-31 06844987 2023-04-01 2024-03-31 06844987 frs-core:CurrentFinancialInstruments 2024-03-31 06844987 frs-core:ComputerEquipment 2024-03-31 06844987 frs-core:ComputerEquipment 2023-04-01 2024-03-31 06844987 frs-core:ComputerEquipment 2023-03-31 06844987 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 06844987 frs-core:FurnitureFittings 2024-03-31 06844987 frs-core:FurnitureFittings 2023-04-01 2024-03-31 06844987 frs-core:FurnitureFittings 2023-03-31 06844987 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 06844987 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 06844987 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 06844987 frs-core:MotorVehicles 2024-03-31 06844987 frs-core:MotorVehicles 2023-04-01 2024-03-31 06844987 frs-core:MotorVehicles 2023-03-31 06844987 frs-core:OtherResidualIntangibleAssets 2024-03-31 06844987 frs-core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 06844987 frs-core:OtherResidualIntangibleAssets 2023-03-31 06844987 frs-core:PlantMachinery 2024-03-31 06844987 frs-core:PlantMachinery 2023-04-01 2024-03-31 06844987 frs-core:PlantMachinery 2023-03-31 06844987 frs-core:ShareCapital 2024-03-31 06844987 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06844987 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06844987 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06844987 frs-bus:SmallEntities 2023-04-01 2024-03-31 06844987 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06844987 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06844987 frs-bus:Director1 2023-04-01 2024-03-31 06844987 frs-bus:Director2 2023-04-01 2024-03-31 06844987 frs-countries:EnglandWales 2023-04-01 2024-03-31 06844987 2022-03-31 06844987 2023-03-31 06844987 2022-04-01 2023-03-31 06844987 frs-core:CurrentFinancialInstruments 2023-03-31 06844987 frs-core:ShareCapital 2023-03-31 06844987 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06844987
Floor Story Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Richard Price Accountancy
ACCA
28 Croft Gardens
Charlton Kings
Cheltenham
GL53 8LG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06844987
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 24,467 34,187
Tangible Assets 5 104,452 95,388
128,919 129,575
CURRENT ASSETS
Stocks 6 83,431 92,806
Debtors 7 136,180 130,345
Cash at bank and in hand 39,175 109,217
258,786 332,368
Creditors: Amounts Falling Due Within One Year 8 (129,946 ) (142,066 )
NET CURRENT ASSETS (LIABILITIES) 128,840 190,302
TOTAL ASSETS LESS CURRENT LIABILITIES 257,759 319,877
PROVISIONS FOR LIABILITIES
Deferred Taxation (23,876 ) (23,876 )
NET ASSETS 233,883 296,001
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 233,881 295,999
SHAREHOLDERS' FUNDS 233,883 296,001
Page 1
Page 2
For the year ending 31 March 2024 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 Simon Goff
Director
02/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Floor Story Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06844987 . The registered office is C/O Sedulo 605 Albert House, 256-260 Old Street, London, EC1V 9DD.
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 - Other Intangible
Other intangible assets are .... 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:
Leasehold Reducing Balance 15%
Plant & Machinery Reducing Balance 15%
Motor Vehicles Reducing Balance 15%
Fixtures & Fittings Reducing Balance 15%
Computer Equipment Reducing Balance 25%
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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. 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.
...CONTINUED
Page 3
Page 4
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 37,047
As at 31 March 2024 37,047
Amortisation
As at 1 April 2023 2,860
Provided during the period 9,720
As at 31 March 2024 12,580
Net Book Value
As at 31 March 2024 24,467
As at 1 April 2023 34,187
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2023 19,205 12,867 75,582 11,663
Additions 13,953 894 - 8,997
As at 31 March 2024 33,158 13,761 75,582 20,660
Depreciation
As at 1 April 2023 5,880 4,016 19,040 3,469
Provided during the period 2,948 1,322 7,961 2,448
As at 31 March 2024 8,828 5,338 27,001 5,917
Net Book Value
As at 31 March 2024 24,330 8,423 48,581 14,743
As at 1 April 2023 13,325 8,851 56,542 8,194
Page 4
Page 5
Computer Equipment Total
£ £
Cost
As at 1 April 2023 18,765 138,082
Additions 2,332 26,176
As at 31 March 2024 21,097 164,258
Depreciation
As at 1 April 2023 10,289 42,694
Provided during the period 2,433 17,112
As at 31 March 2024 12,722 59,806
Net Book Value
As at 31 March 2024 8,375 104,452
As at 1 April 2023 8,476 95,388
6. Stocks
2024 2023
£ £
Stock 83,431 92,806
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 90,995 85,052
Other debtors 45,185 45,293
136,180 130,345
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 46,967 14,256
Bank loans and overdrafts 23,225 35,693
Other creditors 23,639 30,902
Taxation and social security 36,115 61,215
129,946 142,066
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5