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 09144347 Mr John Upton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09144347 2022-12-31 09144347 2023-12-31 09144347 2023-01-01 2023-12-31 09144347 frs-core:CurrentFinancialInstruments 2023-12-31 09144347 frs-core:ComputerEquipment 2023-12-31 09144347 frs-core:ComputerEquipment 2023-01-01 2023-12-31 09144347 frs-core:ComputerEquipment 2022-12-31 09144347 frs-core:MotorVehicles 2023-12-31 09144347 frs-core:MotorVehicles 2023-01-01 2023-12-31 09144347 frs-core:MotorVehicles 2022-12-31 09144347 frs-core:PlantMachinery 2023-12-31 09144347 frs-core:PlantMachinery 2023-01-01 2023-12-31 09144347 frs-core:PlantMachinery 2022-12-31 09144347 frs-core:ShareCapital 2023-12-31 09144347 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09144347 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09144347 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09144347 frs-bus:SmallEntities 2023-01-01 2023-12-31 09144347 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09144347 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09144347 frs-bus:Director1 2023-01-01 2023-12-31 09144347 frs-countries:EnglandWales 2023-01-01 2023-12-31 09144347 2021-12-31 09144347 2022-12-31 09144347 2022-01-01 2022-12-31 09144347 frs-core:CurrentFinancialInstruments 2022-12-31 09144347 frs-core:ShareCapital 2022-12-31 09144347 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09144347
Uptons Decor Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Clouders (Audit & Accounts) Ltd
Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09144347
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,930 7,907
5,930 7,907
CURRENT ASSETS
Debtors 5 1,773 1,392
Cash at bank and in hand 6,143 8,899
7,916 10,291
Creditors: Amounts Falling Due Within One Year 6 (5,070 ) (4,775 )
NET CURRENT ASSETS (LIABILITIES) 2,846 5,516
TOTAL ASSETS LESS CURRENT LIABILITIES 8,776 13,423
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,071 ) (1,434 )
NET ASSETS 7,705 11,989
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 7,703 11,987
SHAREHOLDERS' FUNDS 7,705 11,989
Page 1
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 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 John Upton
Director
09/09/2024
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
Uptons Decor Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09144347 . The registered office is Charter House, 103-105 Leigh Road, Leigh-on-Sea, Essex, SS9 1JL.
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:
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 33% on cost
2.4. 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.
...CONTINUED
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2.4. Taxation - continued
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: 1 (2022: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 1,878 7,932 1,154 10,964
As at 31 December 2023 1,878 7,932 1,154 10,964
Depreciation
As at 1 January 2023 796 1,322 939 3,057
Provided during the period 271 1,652 54 1,977
As at 31 December 2023 1,067 2,974 993 5,034
Net Book Value
As at 31 December 2023 811 4,958 161 5,930
As at 1 January 2023 1,082 6,610 215 7,907
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 1,773 1,392
1,773 1,392
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 3,402 3,713
Accrued expenses 1,069 1,033
Director's loan account 599 29
5,070 4,775
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
8. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid 17,000 18,000
17,000 18,000
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