Acorah Software Products - Accounts Production 14.5.601 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 04585291 Mrs Tracey Clark Mr Neil Penny iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04585291 2022-11-30 04585291 2023-11-30 04585291 2022-12-01 2023-11-30 04585291 frs-core:CurrentFinancialInstruments 2023-11-30 04585291 frs-core:Non-currentFinancialInstruments 2023-11-30 04585291 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-01 2023-11-30 04585291 frs-core:FurnitureFittings 2023-11-30 04585291 frs-core:FurnitureFittings 2022-12-01 2023-11-30 04585291 frs-core:FurnitureFittings 2022-11-30 04585291 frs-core:MotorVehicles 2023-11-30 04585291 frs-core:MotorVehicles 2022-12-01 2023-11-30 04585291 frs-core:MotorVehicles 2022-11-30 04585291 frs-core:OtherResidualIntangibleAssets 2023-11-30 04585291 frs-core:OtherResidualIntangibleAssets 2022-11-30 04585291 frs-core:ShareCapital 2023-11-30 04585291 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 04585291 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 04585291 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 04585291 frs-bus:SmallEntities 2022-12-01 2023-11-30 04585291 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 04585291 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 04585291 frs-bus:Director1 2022-12-01 2023-11-30 04585291 frs-bus:Director2 2022-12-01 2023-11-30 04585291 frs-countries:EnglandWales 2022-12-01 2023-11-30 04585291 2021-11-30 04585291 2022-11-30 04585291 2021-12-01 2022-11-30 04585291 frs-core:CurrentFinancialInstruments 2022-11-30 04585291 frs-core:Non-currentFinancialInstruments 2022-11-30 04585291 frs-core:ShareCapital 2022-11-30 04585291 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 04585291
Albert's 'ardware Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Anthony Smith and Co. Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04585291
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 639 1,446
639 1,446
CURRENT ASSETS
Stocks 6 39,054 69,428
Debtors 7 1,994 2,578
Cash at bank and in hand 173 1,766
41,221 73,772
Creditors: Amounts Falling Due Within One Year 8 (27,481 ) (38,455 )
NET CURRENT ASSETS (LIABILITIES) 13,740 35,317
TOTAL ASSETS LESS CURRENT LIABILITIES 14,379 36,763
Creditors: Amounts Falling Due After More Than One Year 9 (31,944 ) (35,889 )
NET (LIABILITIES)/ASSETS (17,565 ) 874
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account (18,565 ) (126 )
SHAREHOLDERS' FUNDS (17,565) 874
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 Profit and Loss Account.
On behalf of the board
Mrs Tracey Clark
Director
29/08/2024
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
Albert's 'ardware Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04585291 . The registered office is 37B SWAIN STREET, WATCHET, SOMERSET, TA23 0AE.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... 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% Staright Line
Fixtures & Fittings 25% Straight Line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 5)
5 5
4. Intangible Assets
Other
£
Cost
As at 1 December 2022 60,000
As at 30 November 2023 60,000
Amortisation
As at 1 December 2022 60,000
As at 30 November 2023 60,000
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Page 4
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 December 2022 2,000 31,839 33,839
As at 30 November 2023 2,000 31,839 33,839
Depreciation
As at 1 December 2022 1,042 31,351 32,393
Provided during the period 500 307 807
As at 30 November 2023 1,542 31,658 33,200
Net Book Value
As at 30 November 2023 458 181 639
As at 1 December 2022 958 488 1,446
6. Stocks
2023 2022
£ £
Stock 39,054 69,428
7. Debtors
2023 2022
£ £
Due within one year
Other debtors 33 33
Directors' loan accounts - 584
33 617
Due after more than one year
Trade debtors 1,961 1,961
1,994 2,578
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 6,818 13,711
Bank loans and overdrafts 7,020 4,542
VAT 2,379 1,842
Shire Credit Card 1,762 16,258
Accruals and deferred income 3,102 2,102
Directors' loan accounts 6,400 -
27,481 38,455
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9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Funding Circle Loan 16,204 35,889
Lloyds BB Loan 15,740 -
31,944 35,889
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
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