Acorah Software Products - Accounts Production 14.6.300 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 07898096 Mr Chris MacDonald Mr Leonard Edward Jones Adrem Accounting ltd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07898096 2023-01-31 07898096 2024-01-31 07898096 2023-02-01 2024-01-31 07898096 frs-core:Non-currentFinancialInstruments 2024-01-31 07898096 frs-core:FurnitureFittings 2024-01-31 07898096 frs-core:FurnitureFittings 2023-02-01 2024-01-31 07898096 frs-core:FurnitureFittings 2023-01-31 07898096 frs-core:InvestmentPropertyIncludedWithinPPE 2024-01-31 07898096 frs-core:InvestmentPropertyIncludedWithinPPE 2023-01-31 07898096 frs-core:MotorVehicles 2024-01-31 07898096 frs-core:MotorVehicles 2023-02-01 2024-01-31 07898096 frs-core:MotorVehicles 2023-01-31 07898096 frs-core:ShareCapital 2024-01-31 07898096 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 07898096 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07898096 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 07898096 frs-bus:SmallEntities 2023-02-01 2024-01-31 07898096 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07898096 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07898096 frs-bus:Director1 2023-02-01 2024-01-31 07898096 frs-bus:Director2 2023-02-01 2024-01-31 07898096 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 07898096 frs-countries:EnglandWales 2023-02-01 2024-01-31 07898096 2022-01-31 07898096 2023-01-31 07898096 2022-02-01 2023-01-31 07898096 frs-core:CurrentFinancialInstruments 2023-01-31 07898096 frs-core:Non-currentFinancialInstruments 2023-01-31 07898096 frs-core:ShareCapital 2023-01-31 07898096 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 07898096
Bagtop Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Adrem Accounting ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07898096
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,476,906 2,478,998
2,476,906 2,478,998
CURRENT ASSETS
Cash at bank and in hand 54,186 56,023
54,186 56,023
Creditors: Amounts Falling Due Within One Year 5 - 1
NET CURRENT ASSETS (LIABILITIES) 54,186 56,024
TOTAL ASSETS LESS CURRENT LIABILITIES 2,531,092 2,535,022
Creditors: Amounts Falling Due After More Than One Year 6 (983,453 ) (940,816 )
NET ASSETS 1,547,639 1,594,206
CAPITAL AND RESERVES
Called up share capital 7 2,402,116 2,402,116
Profit and Loss Account (854,477 ) (807,910 )
SHAREHOLDERS' FUNDS 1,547,639 1,594,206
Page 1
Page 2
For the year ending 31 January 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 Profit and Loss Account.
On behalf of the board
Mr Leonard Edward Jones
Director
12/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bagtop Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07898096 . The registered office is Wincham House, Greenfield Farm Trading Estate, Congleton, Cheshire, CW12 4TR.
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. 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:
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
2.3. 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.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Investment Properties Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 February 2023 2,470,628 62,914 148,837 2,682,379
As at 31 January 2024 2,470,628 62,914 148,837 2,682,379
Depreciation
As at 1 February 2023 - 62,914 140,467 203,381
Provided during the period - - 2,092 2,092
As at 31 January 2024 - 62,914 142,559 205,473
Net Book Value
As at 31 January 2024 2,470,628 - 6,278 2,476,906
As at 1 February 2023 2,470,628 - 8,370 2,478,998
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (1 )
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 983,453 940,816
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,402,116 2,402,116
Page 4