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 10542542 Mr Philip Unsworth Mr Andrew Unsworth Miss Katy Glover iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10542542 2022-12-31 10542542 2023-12-31 10542542 2023-01-01 2023-12-31 10542542 frs-core:CurrentFinancialInstruments 2023-12-31 10542542 frs-core:Non-currentFinancialInstruments 2023-12-31 10542542 frs-core:FurnitureFittings 2023-12-31 10542542 frs-core:FurnitureFittings 2023-01-01 2023-12-31 10542542 frs-core:FurnitureFittings 2022-12-31 10542542 frs-core:ShareCapital 2023-12-31 10542542 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10542542 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10542542 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10542542 frs-bus:SmallEntities 2023-01-01 2023-12-31 10542542 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10542542 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10542542 frs-bus:Director1 2023-01-01 2023-12-31 10542542 frs-bus:Director2 2023-01-01 2023-12-31 10542542 frs-bus:Director3 2023-01-01 2023-12-31 10542542 frs-core:CurrentFinancialInstruments 5 2023-12-31 10542542 frs-countries:EnglandWales 2023-01-01 2023-12-31 10542542 2021-12-31 10542542 2022-12-31 10542542 2022-01-01 2022-12-31 10542542 frs-core:CurrentFinancialInstruments 2022-12-31 10542542 frs-core:Non-currentFinancialInstruments 2022-12-31 10542542 frs-core:ShareCapital 2022-12-31 10542542 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 10542542 frs-core:CurrentFinancialInstruments 5 2022-12-31
Registered number: 10542542
THE SILLY COUNTRY LTD
Unaudited Financial Statements
For The Year Ended 31 December 2023
SJK
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10542542
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,947 23,929
17,947 23,929
CURRENT ASSETS
Stocks 5 6,128 6,846
Debtors 6 - 7,357
Cash at bank and in hand 83,839 41,774
89,967 55,977
Creditors: Amounts Falling Due Within One Year 7 (33,344 ) (45,678 )
NET CURRENT ASSETS (LIABILITIES) 56,623 10,299
TOTAL ASSETS LESS CURRENT LIABILITIES 74,570 34,228
Creditors: Amounts Falling Due After More Than One Year 8 (24,167 ) (34,166 )
NET ASSETS 50,403 62
CAPITAL AND RESERVES
Called up share capital 9 300 300
Profit and Loss Account 50,103 (238 )
SHAREHOLDERS' FUNDS 50,403 62
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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 Philip Unsworth
Director
26/08/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
THE SILLY COUNTRY LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10542542 . The registered office is 121 Market Street, Droyslden, Manchester, M43 7AR.
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:
Fixtures & Fittings 25% reducing balance
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.
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
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2023 77,503
As at 31 December 2023 77,503
Depreciation
As at 1 January 2023 53,574
Provided during the period 5,982
As at 31 December 2023 59,556
Net Book Value
As at 31 December 2023 17,947
As at 1 January 2023 23,929
5. Stocks
2023 2022
£ £
Stock 6,128 6,846
6. Debtors
2023 2022
£ £
Due within one year
Other debtors - 7,357
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 3,897 3,897
Corporation tax 17,865 24,741
Other taxes and social security 1,327 1,273
VAT 6,624 15,767
Pension account 55 -
Directors' loan accounts 3,576 -
33,344 45,678
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 24,167 34,166
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 300 300
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