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 03519933 Mr Simon Smith Mrs Alison Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03519933 2023-03-31 03519933 2024-03-31 03519933 2023-04-01 2024-03-31 03519933 frs-core:CurrentFinancialInstruments 2024-03-31 03519933 frs-core:Non-currentFinancialInstruments 2024-03-31 03519933 frs-core:MotorVehicles 2024-03-31 03519933 frs-core:MotorVehicles 2023-04-01 2024-03-31 03519933 frs-core:MotorVehicles 2023-03-31 03519933 frs-core:PlantMachinery 2024-03-31 03519933 frs-core:PlantMachinery 2023-04-01 2024-03-31 03519933 frs-core:PlantMachinery 2023-03-31 03519933 frs-core:ShareCapital 2024-03-31 03519933 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03519933 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03519933 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03519933 frs-bus:SmallEntities 2023-04-01 2024-03-31 03519933 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03519933 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03519933 frs-bus:Director1 2023-04-01 2024-03-31 03519933 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 03519933 frs-countries:EnglandWales 2023-04-01 2024-03-31 03519933 2022-03-31 03519933 2023-03-31 03519933 2022-04-01 2023-03-31 03519933 frs-core:CurrentFinancialInstruments 2023-03-31 03519933 frs-core:Non-currentFinancialInstruments 2023-03-31 03519933 frs-core:ShareCapital 2023-03-31 03519933 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 03519933
Kings Upholstery Of Hornchurch Limited
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03519933
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,076 13,435
10,076 13,435
CURRENT ASSETS
Stocks 5 3,000 3,000
Debtors 6 - 5,575
Cash at bank and in hand 7,604 359
10,604 8,934
Creditors: Amounts Falling Due Within One Year 7 (15,885 ) (13,816 )
NET CURRENT ASSETS (LIABILITIES) (5,281 ) (4,882 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,795 8,553
Creditors: Amounts Falling Due After More Than One Year 8 (4,716 ) (8,398 )
NET ASSETS 79 155
CAPITAL AND RESERVES
Called up share capital 9 4 4
Profit and Loss Account 75 151
SHAREHOLDERS' FUNDS 79 155
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Simon Smith
Director
28 August 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
Kings Upholstery Of Hornchurch Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03519933 . The registered office is Damer House, Meadow Way, Wickford, Essex, SS12 9HA.
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, excluding discounts, rebates, value added taxes, and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and 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:
Plant & Machinery 25% Reducing balance
Motor Vehicles 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
Taxation represents the sum of the tax currently payable and deferred tax.
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. 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.
3. Average Number of Employees
The average number of employees, including directors, during the year was as follows: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 15,696 38,100 53,796
As at 31 March 2024 15,696 38,100 53,796
Depreciation
As at 1 April 2023 14,982 25,379 40,361
Provided during the period 179 3,180 3,359
As at 31 March 2024 15,161 28,559 43,720
Net Book Value
As at 31 March 2024 535 9,541 10,076
As at 1 April 2023 714 12,721 13,435
5. Stocks
2024 2023
£ £
Finished goods 3,000 3,000
6. Debtors
2024 2023
£ £
Due within one year
Other debtors - 5,575
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,201 1,702
Bank loans and overdrafts 1,757 2,200
Other creditors 6,576 5,259
Taxation and social security 5,351 4,655
15,885 13,816
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 4,716 8,398
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
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