Acorah Software Products - Accounts Production 14.5.601 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 06675236 Mrs Alison Gardner Mrs Alison Gardner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06675236 2022-08-31 06675236 2023-08-31 06675236 2022-09-01 2023-08-31 06675236 frs-core:CurrentFinancialInstruments 2023-08-31 06675236 frs-core:Non-currentFinancialInstruments 2023-08-31 06675236 frs-core:ComputerEquipment 2023-08-31 06675236 frs-core:ComputerEquipment 2022-09-01 2023-08-31 06675236 frs-core:ComputerEquipment 2022-08-31 06675236 frs-core:FurnitureFittings 2023-08-31 06675236 frs-core:FurnitureFittings 2022-09-01 2023-08-31 06675236 frs-core:FurnitureFittings 2022-08-31 06675236 frs-core:NetGoodwill 2023-08-31 06675236 frs-core:NetGoodwill 2022-09-01 2023-08-31 06675236 frs-core:NetGoodwill 2022-08-31 06675236 frs-core:MotorVehicles 2023-08-31 06675236 frs-core:MotorVehicles 2022-09-01 2023-08-31 06675236 frs-core:MotorVehicles 2022-08-31 06675236 frs-core:ShareCapital 2023-08-31 06675236 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 06675236 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 06675236 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 06675236 frs-bus:SmallEntities 2022-09-01 2023-08-31 06675236 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 06675236 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 06675236 frs-bus:Director1 2022-09-01 2023-08-31 06675236 frs-bus:Director2 2022-09-01 2023-08-31 06675236 frs-core:CurrentFinancialInstruments 1 2023-08-31 06675236 frs-countries:EnglandWales 2022-09-01 2023-08-31 06675236 2021-08-31 06675236 2022-08-31 06675236 2021-09-01 2022-08-31 06675236 frs-core:CurrentFinancialInstruments 2022-08-31 06675236 frs-core:Non-currentFinancialInstruments 2022-08-31 06675236 frs-core:ShareCapital 2022-08-31 06675236 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31 06675236 frs-core:CurrentFinancialInstruments 1 2022-08-31
Registered number: 06675236
Access Locks & Key Shop Ltd.
Unaudited Financial Statements
For The Year Ended 31 August 2023
TaxAssist Accountants
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 06675236
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 10,221 13,610
10,221 13,610
CURRENT ASSETS
Stocks 6 33,200 34,200
Debtors 7 11,979 9,650
Cash at bank and in hand 9,264 13,844
54,443 57,694
Creditors: Amounts Falling Due Within One Year 8 (43,878 ) (46,448 )
NET CURRENT ASSETS (LIABILITIES) 10,565 11,246
TOTAL ASSETS LESS CURRENT LIABILITIES 20,786 24,856
Creditors: Amounts Falling Due After More Than One Year 9 (7,667 ) (11,667 )
NET ASSETS 13,119 13,189
CAPITAL AND RESERVES
Called up share capital 10 10 10
Income Statement 13,109 13,179
SHAREHOLDERS' FUNDS 13,119 13,189
Page 1
Page 2
For the year ending 31 August 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 Income Statement.
On behalf of the board
Mrs Alison Gardner
Director
24/06/2024
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
Access Locks & Key Shop Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 06675236 . The registered office is 8 Capenhurst Lane, Whitby, Ellesmere Port, Cheshire, CH65 7AH.
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.
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 income statement over its estimated economic life of 10 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:
Motor Vehicles 25% RBM
Fixtures & Fittings 25% RBM
Computer Equipment 33% SLM
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.
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: 3 (2022: 3)
3 3
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2022 15,000
As at 31 August 2023 15,000
Amortisation
As at 1 September 2022 15,000
As at 31 August 2023 15,000
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2022 39,265 56,840 400 96,505
Additions - - 120 120
As at 31 August 2023 39,265 56,840 520 96,625
Depreciation
As at 1 September 2022 29,730 53,032 133 82,895
Provided during the period 2,384 952 173 3,509
As at 31 August 2023 32,114 53,984 306 86,404
Net Book Value
As at 31 August 2023 7,151 2,856 214 10,221
As at 1 September 2022 9,535 3,808 267 13,610
6. Stocks
2023 2022
£ £
Stock 33,200 34,200
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 4,516 2,089
Other debtors (437 ) (673 )
VAT 7,900 8,234
11,979 9,650
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,966 2,098
Bank loans and overdrafts 4,000 4,000
Corporation tax 806 1,845
Other taxes and social security - 996
Pension 145 116
Accruals and deferred income 553 576
Directors' loan accounts 36,408 36,817
43,878 46,448
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 7,667 11,667
7,667 11,667
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
Page 5