Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09708716 Mr G P Hibbert Mr R J Hibbert iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09708716 2022-12-31 09708716 2023-12-31 09708716 2023-01-01 2023-12-31 09708716 frs-core:CurrentFinancialInstruments 2023-12-31 09708716 frs-core:Non-currentFinancialInstruments 2023-12-31 09708716 frs-core:BetweenOneFiveYears 2023-12-31 09708716 frs-core:NetGoodwill 2023-12-31 09708716 frs-core:NetGoodwill 2023-01-01 2023-12-31 09708716 frs-core:NetGoodwill 2022-12-31 09708716 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 09708716 frs-core:MotorVehicles 2023-12-31 09708716 frs-core:MotorVehicles 2023-01-01 2023-12-31 09708716 frs-core:MotorVehicles 2022-12-31 09708716 frs-core:PlantMachinery 2023-12-31 09708716 frs-core:PlantMachinery 2023-01-01 2023-12-31 09708716 frs-core:PlantMachinery 2022-12-31 09708716 frs-core:WithinOneYear 2023-12-31 09708716 frs-core:CapitalRedemptionReserve 2023-12-31 09708716 frs-core:ShareCapital 2023-12-31 09708716 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09708716 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09708716 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09708716 frs-bus:SmallEntities 2023-01-01 2023-12-31 09708716 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09708716 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09708716 frs-bus:Director1 2023-01-01 2023-12-31 09708716 frs-bus:Director2 2023-01-01 2023-12-31 09708716 frs-countries:EnglandWales 2023-01-01 2023-12-31 09708716 2021-12-31 09708716 2022-12-31 09708716 2022-01-01 2022-12-31 09708716 frs-core:CurrentFinancialInstruments 2022-12-31 09708716 frs-core:Non-currentFinancialInstruments 2022-12-31 09708716 frs-core:BetweenOneFiveYears 2022-12-31 09708716 frs-core:MoreThanFiveYears 2022-12-31 09708716 frs-core:WithinOneYear 2022-12-31 09708716 frs-core:CapitalRedemptionReserve 2022-12-31 09708716 frs-core:ShareCapital 2022-12-31 09708716 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09708716
Accent Office Interiors Ltd.
Unaudited Financial Statements
For The Year Ended 31 December 2023
C&H Stedman
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09708716
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 32,166 43,512
Tangible Assets 5 181,959 62,066
214,125 105,578
CURRENT ASSETS
Stocks 759 295
Debtors 6 296,095 216,506
Cash at bank and in hand 796,365 803,245
1,093,219 1,020,046
Creditors: Amounts Falling Due Within One Year 7 (479,852 ) (537,342 )
NET CURRENT ASSETS (LIABILITIES) 613,367 482,704
TOTAL ASSETS LESS CURRENT LIABILITIES 827,492 588,282
Creditors: Amounts Falling Due After More Than One Year 8 (22,920 ) (26,814 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,707 ) (5,806 )
NET ASSETS 794,865 555,662
CAPITAL AND RESERVES
Called up share capital 500 500
Capital redemption reserve 60,600 60,600
Profit and Loss Account 733,765 494,562
SHAREHOLDERS' FUNDS 794,865 555,662
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 G P Hibbert
Director
23 August 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
Accent Office Interiors Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 09708716 . The registered office is Jerome House, Hallam Fields Road, Ilkeston, Derbyshire, DE7 4AZ.
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, excluding discounts, rebates, value added tax and other sales taxes.
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 ten 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 25% on cost
Plant & Machinery 20% on cost
Motor Vehicles 25% on reducing balance
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.
2.6. 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.
2.7. 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 year 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 asset reflects 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 (2022: 7)
7 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 113,460
As at 31 December 2023 113,460
Amortisation
As at 1 January 2023 69,948
Provided during the period 11,346
As at 31 December 2023 81,294
Net Book Value
As at 31 December 2023 32,166
As at 1 January 2023 43,512
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2023 38,459 67,400 105,859
Additions 10,882 154,383 165,265
Disposals (62 ) - (62 )
As at 31 December 2023 49,279 221,783 271,062
Depreciation
As at 1 January 2023 27,462 16,331 43,793
Provided during the period 5,066 40,244 45,310
As at 31 December 2023 32,528 56,575 89,103
Net Book Value
As at 31 December 2023 16,751 165,208 181,959
As at 1 January 2023 10,997 51,069 62,066
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Page 5
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 281,865 203,740
Other debtors 14,230 12,766
296,095 216,506
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 3,894 3,894
Trade creditors 66,409 74,751
Other creditors 195,622 334,717
Taxation and social security 213,927 123,980
479,852 537,342
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 2,920 6,814
Other creditors 20,000 20,000
22,920 26,814
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,894 3,894
Later than one year and not later than five years 2,920 -
Later than five years - 6,814
6,814 10,708
6,814 10,708
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 2,971 7,245
Later than one year and not later than five years - 2,971
2,971 10,216
Page 5