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 05912743 Denton Berry Bridget Berry iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05912743 2022-12-31 05912743 2023-12-31 05912743 2023-01-01 2023-12-31 05912743 frs-core:CurrentFinancialInstruments 2023-12-31 05912743 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 05912743 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-01-01 2023-12-31 05912743 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2022-12-31 05912743 frs-core:FurnitureFittings 2023-12-31 05912743 frs-core:FurnitureFittings 2023-01-01 2023-12-31 05912743 frs-core:FurnitureFittings 2022-12-31 05912743 frs-core:MotorVehicles 2023-12-31 05912743 frs-core:MotorVehicles 2023-01-01 2023-12-31 05912743 frs-core:MotorVehicles 2022-12-31 05912743 frs-core:PlantMachinery 2023-01-01 2023-12-31 05912743 frs-core:OtherReservesSubtotal 2023-12-31 05912743 frs-core:ShareCapital 2023-12-31 05912743 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05912743 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05912743 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05912743 frs-bus:SmallEntities 2023-01-01 2023-12-31 05912743 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05912743 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05912743 frs-core:CostValuation 2022-12-31 05912743 frs-core:AdditionsToInvestments 2023-12-31 05912743 frs-core:CostValuation 2023-12-31 05912743 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 05912743 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 05912743 frs-bus:Director1 2023-01-01 2023-12-31 05912743 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 05912743 frs-core:CurrentFinancialInstruments 1 2023-12-31 05912743 frs-countries:EnglandWales 2023-01-01 2023-12-31 05912743 2021-12-31 05912743 2022-12-31 05912743 2022-01-01 2022-12-31 05912743 frs-core:CurrentFinancialInstruments 2022-12-31 05912743 frs-core:OtherReservesSubtotal 2022-12-31 05912743 frs-core:ShareCapital 2022-12-31 05912743 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 05912743 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 05912743
The Study Bed Company Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Lynton Foster
Chartered Certified Accountants and Registered Auditors
33 Nicholas Way
Northwood
HA6 2TR
Contents
Page
Company Information 1
Accountant's Report 2
Statement of Financial Position 3—4
Notes to the Financial Statements 5—9
Page 1
Company Information
Director Denton Berry
Secretary Bridget Berry
Company Number 05912743
Registered Office 33 Nicholas Way
Northwood
Middlesex
HA6 2TR
Accountants Lynton Foster
Chartered Certified Accountants and Registered Auditors
33 Nicholas Way
Northwood
HA6 2TR
Page 1
Page 2
Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of the company for the period ended statement of financial position as at year ended 31 December 2023 as set out in the accounts from The Study Bed Company Limited accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.
This report is made solely to the Board of Directors of The Study Bed Company Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of the company and state those matters that we have agreed to state to the Board of Directors The Study Bed Company Limited , as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants pertaining audit exempt companies. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Study Bed Company Limited and its Board of Directors as a body for our work or for this report. It is the Directors duty to ensure that The Study Bed Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Study Bed Company Limited . You consider that The Study Bed Company Limited is exempt from the statutory audit requirement for the year.
Without performing an audit or detailed verification work our procedures consisted of comparing the accounts with the accounting records kept by The Study Bed Company Limited , and making such limited enquiries of the officers of The Study Bed Company Limited as we considered necessary for the purposes of this report. These procedures provide only the assurance expressed in our opinion.
In our opinion the Accounts are in agreement with the accounting records kept by The Study Bed Company Limited Limited under the Companies Act 2006 and generally accepted accounting principles. Having regard only to, and on the basis of, the information contained in those accounting records, the Accounts have been drawn up in a manner consistent with the accounting requirements specified in the Companies Act 2006; and the Financial Reporting Standard 102 Section 1A - Small Entities and the company satisfied the conditions for exemption from an audit of the accounts for the year specified in 476 of the Act and did not at any time within that year, fall within any of the categories of companies not entitled to the exemption.
Signed
22nd August 2024
Lynton Foster
Chartered Certified Accountants and Registered Auditors
33 Nicholas Way
Northwood
HA6 2TR
Page 2
Page 3
Statement of Financial Position
Registered number: 05912743
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 1
Tangible Assets 5 4,145 3,705
Investments 6 445,415 446,688
449,561 450,394
CURRENT ASSETS
Stocks 7 649,457 701,753
Debtors 8 55,776 36,912
Cash at bank and in hand 159,034 176,769
864,267 915,434
Creditors: Amounts Falling Due Within One Year 9 (66,289 ) (120,188 )
NET CURRENT ASSETS (LIABILITIES) 797,978 795,246
TOTAL ASSETS LESS CURRENT LIABILITIES 1,247,539 1,245,640
PROVISIONS FOR LIABILITIES
Deferred Taxation (38,287 ) (38,204 )
NET ASSETS 1,209,252 1,207,436
CAPITAL AND RESERVES
Called up share capital 10 100 100
Other reserves 112,500 112,500
Income Statement 1,096,652 1,094,836
SHAREHOLDERS' FUNDS 1,209,252 1,207,436
Page 3
Page 4
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 director acknowledges his 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
Denton Berry
Director
22nd August 2024
The notes on pages 5 to 9 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
The Study Bed Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05912743 . The registered office is 33 Nicholas Way, Northwood, Middlesex, HA6 2TR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 - Intellectual Property
Intellectual property and patents are amortised to the income statement over its estimated economic life.
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 Five and eight years on cost
Motor Vehicles Five years on cost
Furniture, Fixtures & Equipment Three and five years on cost
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.
Page 5
Page 6
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
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 income statement as they become payable in accordance with the rules of the scheme.
2.9. Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Page 6
Page 7
2.10. Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. 
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. 
2.11. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. 
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 13 (2022: 14)
13 14
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 January 2023 104,083
As at 31 December 2023 104,083
Amortisation
As at 1 January 2023 104,082
As at 31 December 2023 104,082
Net Book Value
As at 31 December 2023 1
As at 1 January 2023 1
Page 7
Page 8
5. Tangible Assets
Motor Vehicles Furniture, Fixtures & Equipment Total
£ £ £
Cost
As at 1 January 2023 102,478 38,064 140,542
Additions - 2,374 2,374
Disposals - (6,903 ) (6,903 )
As at 31 December 2023 102,478 33,535 136,013
Depreciation
As at 1 January 2023 102,471 34,366 136,837
Provided during the period 6 1,862 1,868
Disposals - (6,837 ) (6,837 )
As at 31 December 2023 102,477 29,391 131,868
Net Book Value
As at 31 December 2023 1 4,144 4,145
As at 1 January 2023 7 3,698 3,705
6. Investments
Other
£
Cost
As at 1 January 2023 446,688
Additions (1,273 )
As at 31 December 2023 445,415
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 445,415
As at 1 January 2023 446,688
7. Stocks
2023 2022
£ £
Goods for resale, components and consumables 649,457 701,753
Page 8
Page 9
8. Debtors
2023 2022
£ £
Due within one year
Trade debtors 9,359 16,651
Prepayments and accrued income 46,394 19,412
Other debtors 23 849
55,776 36,912
9. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,955 795
Corporation tax 2,688 36,405
Other taxes and social security 26,636 3,839
Other creditors 17,157 15,160
Customers Deposits 16,007 14,767
Accruals 752 1,729
Director's loan account 1,094 47,493
66,289 120,188
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
11. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 10,000 47,500
12. Related Party Transactions
At the Balance Sheet date the Director, DJ Berry was owed the sum of £1,094 (£47,493 - 2022) by the company such monies advanced on an interest free basis. 
Page 9