Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05219739 Mrs Diane Shenton Miss Holly Shenton Miss Holly Shenton Mr Keith Shenton Mr Thomas Shenton Mrs Diane Shenton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05219739 2023-03-31 05219739 2024-03-31 05219739 2023-04-01 2024-03-31 05219739 frs-core:CurrentFinancialInstruments 2024-03-31 05219739 frs-core:FurnitureFittings 2024-03-31 05219739 frs-core:FurnitureFittings 2023-04-01 2024-03-31 05219739 frs-core:FurnitureFittings 2023-03-31 05219739 frs-core:NetGoodwill 2024-03-31 05219739 frs-core:NetGoodwill 2023-04-01 2024-03-31 05219739 frs-core:NetGoodwill 2023-03-31 05219739 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 05219739 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 05219739 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 05219739 frs-core:MotorVehicles 2024-03-31 05219739 frs-core:MotorVehicles 2023-04-01 2024-03-31 05219739 frs-core:MotorVehicles 2023-03-31 05219739 frs-core:PlantMachinery 2024-03-31 05219739 frs-core:PlantMachinery 2023-04-01 2024-03-31 05219739 frs-core:PlantMachinery 2023-03-31 05219739 frs-core:ShareCapital 2024-03-31 05219739 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05219739 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05219739 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05219739 frs-bus:SmallEntities 2023-04-01 2024-03-31 05219739 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05219739 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05219739 frs-bus:Director1 2023-04-01 2024-03-31 05219739 frs-bus:Director2 2023-04-01 2024-03-31 05219739 frs-bus:Director3 2023-04-01 2024-03-31 05219739 frs-bus:Director4 2023-04-01 2024-03-31 05219739 frs-bus:Director5 2023-04-01 2024-03-31 05219739 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 05219739 frs-countries:EnglandWales 2023-04-01 2024-03-31 05219739 2022-03-31 05219739 2023-03-31 05219739 2022-04-01 2023-03-31 05219739 frs-core:CurrentFinancialInstruments 2023-03-31 05219739 frs-core:ShareCapital 2023-03-31 05219739 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 05219739
Create a Display Limited
Financial Statements
For The Year Ended 31 March 2024
Hames Partnership Anstey Limited
Chartered Institute of Management Accountants (CIMA)
19A The Nook
Anstey
Leicester
Leicestershire
LE7 7AZ
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05219739
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 70,296 83,911
70,296 83,911
CURRENT ASSETS
Stocks 5 96,000 123,317
Debtors 6 93,166 69,445
Cash at bank and in hand 92,821 69,529
281,987 262,291
Creditors: Amounts Falling Due Within One Year 7 (84,981 ) (65,048 )
NET CURRENT ASSETS (LIABILITIES) 197,006 197,243
TOTAL ASSETS LESS CURRENT LIABILITIES 267,302 281,154
NET ASSETS 267,302 281,154
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 267,202 281,054
SHAREHOLDERS' FUNDS 267,302 281,154
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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 Keith Shenton
Director
01/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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 .... years.
1.4. 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 Nil
Plant & Machinery 20% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 15% Reducing balance
1.5. 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.
1.6. 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.
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.
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2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3 (2023: 2)
3 2
3. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 10,000
As at 31 March 2024 10,000
Amortisation
As at 1 April 2023 10,000
As at 31 March 2024 10,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2023 7,020 165,795 105,798 21,527 300,140
Additions - 1,285 - 2,352 3,637
As at 31 March 2024 7,020 167,080 105,798 23,879 303,777
Depreciation
As at 1 April 2023 - 129,022 73,135 14,072 216,229
Provided during the period - 7,611 8,167 1,474 17,252
As at 31 March 2024 - 136,633 81,302 15,546 233,481
Net Book Value
As at 31 March 2024 7,020 30,447 24,496 8,333 70,296
As at 1 April 2023 7,020 36,773 32,663 7,455 83,911
5. Stocks
2024 2023
£ £
Stock 96,000 123,317
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 71,691 47,171
Prepayments and accrued income 1,727 831
VAT 4,748 2,669
Other taxes and social security - 76
Amounts owed by associates 15,000 18,698
93,166 69,445
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 54,621 45,666
Corporation tax 27,084 14,351
Other taxes and social security 791 -
Accruals and deferred income 2,382 3,760
Directors' loan accounts 103 1,271
84,981 65,048
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. General Information
Create a Display Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05219739 . The registered office is 19a The Nook, Anstey, Leicester, Leicestershire, LE7 7AZ.
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