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 03522736 Dean Fletcher Gavin Fletcher George Fletcher iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03522736 2023-03-31 03522736 2024-03-31 03522736 2023-04-01 2024-03-31 03522736 frs-core:CurrentFinancialInstruments 2024-03-31 03522736 frs-core:ComputerEquipment 2024-03-31 03522736 frs-core:ComputerEquipment 2023-04-01 2024-03-31 03522736 frs-core:ComputerEquipment 2023-03-31 03522736 frs-core:FurnitureFittings 2024-03-31 03522736 frs-core:FurnitureFittings 2023-04-01 2024-03-31 03522736 frs-core:FurnitureFittings 2023-03-31 03522736 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 03522736 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03522736 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 03522736 frs-core:MotorVehicles 2024-03-31 03522736 frs-core:MotorVehicles 2023-04-01 2024-03-31 03522736 frs-core:MotorVehicles 2023-03-31 03522736 frs-core:PlantMachinery 2024-03-31 03522736 frs-core:PlantMachinery 2023-04-01 2024-03-31 03522736 frs-core:PlantMachinery 2023-03-31 03522736 frs-core:ShareCapital 2024-03-31 03522736 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03522736 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03522736 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03522736 frs-bus:SmallEntities 2023-04-01 2024-03-31 03522736 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03522736 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03522736 frs-bus:Director1 2023-04-01 2024-03-31 03522736 frs-bus:Director2 2023-04-01 2024-03-31 03522736 frs-bus:Director3 2023-04-01 2024-03-31 03522736 frs-countries:EnglandWales 2023-04-01 2024-03-31 03522736 2022-03-31 03522736 2023-03-31 03522736 2022-04-01 2023-03-31 03522736 frs-core:CurrentFinancialInstruments 2023-03-31 03522736 frs-core:ShareCapital 2023-03-31 03522736 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 03522736
Fletchers Timber Derby Limited
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 03522736
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 376,508 356,210
376,508 356,210
CURRENT ASSETS
Stocks 5 131,577 127,879
Cash at bank and in hand 65,395 22,674
196,972 150,553
Creditors: Amounts Falling Due Within One Year 7 (323,325 ) (244,403 )
NET CURRENT ASSETS (LIABILITIES) (126,353 ) (93,850 )
TOTAL ASSETS LESS CURRENT LIABILITIES 250,155 262,360
NET ASSETS 250,155 262,360
CAPITAL AND RESERVES
Called up share capital 8 99 99
Income Statement 250,056 262,261
SHAREHOLDERS' FUNDS 250,155 262,360
Page 1
Page 2
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 Income Statement.
On behalf of the board
George Fletcher
Director
06/09/2024
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
Fletchers Timber Derby Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03522736 . The registered office is The Greenhouse, 106-108 Ashbourne Road, Derby, DE22 3AG.
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.
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.
Plant & Machinery 25% Reducing Balance Method.
Motor Vehicles 25% Reducing Balance Method.
Fixtures & Fittings 33% Reducing Balance Method.
Computer Equipment 33% Reducing Balance Method.
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 year 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 5 6
5 6
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2023 336,505 159,546 23,566 41,690
Additions - - 30,075 -
Disposals - (15,000 ) - -
As at 31 March 2024 336,505 144,546 53,641 41,690
Depreciation
As at 1 April 2023 - 150,473 14,139 41,146
Provided during the period - 2,018 6,358 181
Disposals - (14,000 ) - -
As at 31 March 2024 - 138,491 20,497 41,327
Net Book Value
As at 31 March 2024 336,505 6,055 33,144 363
As at 1 April 2023 336,505 9,073 9,427 544
Computer Equipment Total
£ £
Cost
As at 1 April 2023 1,416 562,723
Additions - 30,075
Disposals - (15,000 )
As at 31 March 2024 1,416 577,798
Depreciation
As at 1 April 2023 755 206,513
Provided during the period 220 8,777
Disposals - (14,000 )
As at 31 March 2024 975 201,290
Net Book Value
As at 31 March 2024 441 376,508
As at 1 April 2023 661 356,210
5. Stocks
2024 2023
£ £
Materials 131,577 127,879
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6. Debtors
2024 2023
£ £
Due within one year
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,789 14,409
Other creditors 273,311 179,758
Taxation and social security 39,225 50,236
323,325 244,403
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 99 99
Page 5