Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 00918557 Eric Cave Raymond Cave Barry Cave Raymond Cave iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00918557 2022-11-30 00918557 2023-11-30 00918557 2022-12-01 2023-11-30 00918557 frs-core:CurrentFinancialInstruments 2023-11-30 00918557 frs-core:FurnitureFittings 2023-11-30 00918557 frs-core:FurnitureFittings 2022-12-01 2023-11-30 00918557 frs-core:FurnitureFittings 2022-11-30 00918557 frs-core:InvestmentPropertyIncludedWithinPPE 2023-11-30 00918557 frs-core:InvestmentPropertyIncludedWithinPPE 2022-11-30 00918557 frs-core:RevaluationReserve 2023-11-30 00918557 frs-core:ShareCapital 2023-11-30 00918557 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 00918557 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 00918557 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 00918557 frs-bus:SmallEntities 2022-12-01 2023-11-30 00918557 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 00918557 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 00918557 frs-bus:Director1 2022-12-01 2023-11-30 00918557 frs-bus:Director2 2022-12-01 2023-11-30 00918557 frs-bus:Director3 2022-12-01 2023-11-30 00918557 frs-bus:CompanySecretary1 2022-12-01 2023-11-30 00918557 frs-countries:EnglandWales 2022-12-01 2023-11-30 00918557 2021-11-30 00918557 2022-11-30 00918557 2021-12-01 2022-11-30 00918557 frs-core:CurrentFinancialInstruments 2022-11-30 00918557 frs-core:RevaluationReserve 2022-11-30 00918557 frs-core:ShareCapital 2022-11-30 00918557 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 00918557
F.A.C.Plasterers Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00918557
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 368,173 368,177
368,173 368,177
CURRENT ASSETS
Debtors 5 886 1,794
Cash at bank and in hand 10,162 9,406
11,048 11,200
Creditors: Amounts Falling Due Within One Year 6 (72,209 ) (60,799 )
NET CURRENT ASSETS (LIABILITIES) (61,161 ) (49,599 )
TOTAL ASSETS LESS CURRENT LIABILITIES 307,012 318,578
NET ASSETS 307,012 318,578
CAPITAL AND RESERVES
Called up share capital 7 1,500 1,500
Revaluation reserve 215,855 215,855
Profit and Loss Account 89,657 101,223
SHAREHOLDERS' FUNDS 307,012 318,578
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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
Raymond Cave
Director
28/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
F.A.C.Plasterers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00918557 . The registered office is 26 Bladon Close, Mapperley, Nottingham, Nottinghamshire, NG3 5FY.
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. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Fixtures & Fittings - 20% on reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 6)
6 6
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4. Tangible Assets
Investment Properties Fixtures & Fittings Total
£ £ £
Cost
As at 1 December 2022 368,160 6,648 374,808
As at 30 November 2023 368,160 6,648 374,808
Depreciation
As at 1 December 2022 - 6,631 6,631
Provided during the period - 4 4
As at 30 November 2023 - 6,635 6,635
Net Book Value
As at 30 November 2023 368,160 13 368,173
As at 1 December 2022 368,160 17 368,177
Cost or valuation as at 30 November 2023 represented by:
Investment Properties Fixtures & Fittings Total
£ £ £
At cost 152,305 6,648 158,953
At valuation 215,855 - 215,855
368,160 6,648 374,808
If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:
Investment Properties Fixtures & Fittings Total
£ £ £
Cost 152,305 6,648 158,953
Accumulated depreciation and impairment - 6,635 6,635
Carrying amount 152,305 13 152,318
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 886 1,794
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 954 7
Other taxes and social security 281 -
Accruals and deferred income 3,195 3,119
Directors' loan accounts 67,779 57,673
72,209 60,799
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,500 1,500
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
2023 2022
£ £
Eric Cave 2,704 2,704
Raymond Cave 2,704 2,704
Barry Cave 2,704 2,704
9. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid 15,600 15,600
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