Acorah Software Products - Accounts Production 14.6.300 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 11225686 Mr Norman Peterson Mr Craig Peterson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11225686 2022-11-30 11225686 2023-11-30 11225686 2022-12-01 2023-11-30 11225686 frs-core:CurrentFinancialInstruments 2023-11-30 11225686 frs-core:Non-currentFinancialInstruments 2023-11-30 11225686 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 11225686 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11225686 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-30 11225686 frs-core:ShareCapital 2023-11-30 11225686 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 11225686 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11225686 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 11225686 frs-bus:SmallEntities 2022-12-01 2023-11-30 11225686 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11225686 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11225686 frs-bus:Director1 2022-12-01 2023-11-30 11225686 frs-bus:Director2 2022-12-01 2023-11-30 11225686 frs-core:CurrentFinancialInstruments 1 2023-11-30 11225686 frs-core:Non-currentFinancialInstruments 1 2023-11-30 11225686 frs-core:CurrentFinancialInstruments 2 2023-11-30 11225686 frs-countries:EnglandWales 2022-12-01 2023-11-30 11225686 2021-11-30 11225686 2022-11-30 11225686 2021-12-01 2022-11-30 11225686 frs-core:CurrentFinancialInstruments 2022-11-30 11225686 frs-core:Non-currentFinancialInstruments 2022-11-30 11225686 frs-core:ShareCapital 2022-11-30 11225686 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 11225686 frs-core:CurrentFinancialInstruments 1 2022-11-30 11225686 frs-core:Non-currentFinancialInstruments 1 2022-11-30 11225686 frs-core:CurrentFinancialInstruments 2 2022-11-30
Registered number: 11225686
Homes By Carlton (Thorpe Thewles) Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
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: 11225686
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 1,071
- 1,071
CURRENT ASSETS
Stocks 5 499,546 1,377,070
Debtors 6 442,301 1,535,657
Cash at bank and in hand 259,233 23,859
1,201,080 2,936,586
Creditors: Amounts Falling Due Within One Year 7 (346,286 ) (775,432 )
NET CURRENT ASSETS (LIABILITIES) 854,794 2,161,154
TOTAL ASSETS LESS CURRENT LIABILITIES 854,794 2,162,225
Creditors: Amounts Falling Due After More Than One Year 8 (588,333 ) (1,819,307 )
NET ASSETS 266,461 342,918
CAPITAL AND RESERVES
Called up share capital 9 2 2
Income Statement 266,459 342,916
SHAREHOLDERS' FUNDS 266,461 342,918
Page 1
Page 2
For the year ending 30 November 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
Mr Norman Peterson
Director
12th August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Homes By Carlton (Thorpe Thewles) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11225686 . The registered office is Carlton House 15 Parsons Court, Welbury Way, Newton Aycliffe, County Durham, DL5 6ZE.
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. 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:
Freehold No depreciation on land
2.4. 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.
2.5. 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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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 December 2022 1,071
Disposals (1,071 )
Net Book Value
As at 30 November 2023 -
As at 1 December 2022 1,071
5. Stocks
2023 2022
£ £
Work in progress 499,546 1,377,070
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 48,765 34,577
Other debtors (1) 7,079 6,446
Other debtors (2) 265,766 1,267,772
Corporation tax recoverable assets 119,767 150,323
VAT 922 76,537
Called up share capital not paid 2 2
442,301 1,535,657
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 319,223 464,432
Bank loans and overdrafts 10,000 10,000
Other creditors (1) - 100,000
Other creditors (2) 16,163 200,000
Accruals and deferred income 900 1,000
346,286 775,432
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 15,833 1,246,807
Other creditors (1) 572,500 572,500
588,333 1,819,307
9. Share Capital
2023 2022
£ £
Called Up Share Capital not Paid 2 2
Amount of Allotted, Called Up Share Capital 2 2
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