Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 03909293 Mr Christopher Dyball Mrs Amy Beeby Mr Daniel Beeby iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03909293 2023-01-31 03909293 2024-01-31 03909293 2023-02-01 2024-01-31 03909293 frs-core:CurrentFinancialInstruments 2024-01-31 03909293 frs-core:Non-currentFinancialInstruments 2024-01-31 03909293 frs-core:ComputerEquipment 2024-01-31 03909293 frs-core:ComputerEquipment 2023-02-01 2024-01-31 03909293 frs-core:ComputerEquipment 2023-01-31 03909293 frs-core:FurnitureFittings 2024-01-31 03909293 frs-core:FurnitureFittings 2023-02-01 2024-01-31 03909293 frs-core:FurnitureFittings 2023-01-31 03909293 frs-core:MotorVehicles 2024-01-31 03909293 frs-core:MotorVehicles 2023-02-01 2024-01-31 03909293 frs-core:MotorVehicles 2023-01-31 03909293 frs-core:PlantMachinery 2024-01-31 03909293 frs-core:PlantMachinery 2023-02-01 2024-01-31 03909293 frs-core:PlantMachinery 2023-01-31 03909293 frs-core:CapitalRedemptionReserve 2024-01-31 03909293 frs-core:ShareCapital 2024-01-31 03909293 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 03909293 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 03909293 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 03909293 frs-bus:SmallEntities 2023-02-01 2024-01-31 03909293 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 03909293 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 03909293 frs-bus:Director1 2023-02-01 2024-01-31 03909293 frs-bus:Director2 2023-02-01 2024-01-31 03909293 frs-bus:Director3 2023-02-01 2024-01-31 03909293 frs-countries:EnglandWales 2023-02-01 2024-01-31 03909293 2022-01-31 03909293 2023-01-31 03909293 2022-02-01 2023-01-31 03909293 frs-core:CurrentFinancialInstruments 2023-01-31 03909293 frs-core:Non-currentFinancialInstruments 2023-01-31 03909293 frs-core:CapitalRedemptionReserve 2023-01-31 03909293 frs-core:ShareCapital 2023-01-31 03909293 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 03909293
Archway Cards Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Sarah Heffer Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03909293
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 35,867 35,840
35,867 35,840
CURRENT ASSETS
Stocks 5 465,746 510,617
Debtors 6 379,440 360,027
Cash at bank and in hand 352,671 242,131
1,197,857 1,112,775
Creditors: Amounts Falling Due Within One Year 7 (227,803 ) (144,161 )
NET CURRENT ASSETS (LIABILITIES) 970,054 968,614
TOTAL ASSETS LESS CURRENT LIABILITIES 1,005,921 1,004,454
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,815 ) (6,810 )
NET ASSETS 999,106 997,644
CAPITAL AND RESERVES
Called up share capital 8 50 50
Capital redemption reserve 50 50
Profit and Loss Account 999,006 997,544
SHAREHOLDERS' FUNDS 999,106 997,644
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 Christopher Dyball
Director
11/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Archway Cards Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03909293 . The registered office is Conifers Low Street, Smallburgh, Norwich, NR12 9LR.
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% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance & 15 Reducing Balance
Computer Equipment 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.
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.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 12)
12 12
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2023 80,796 27,850 40,815 54,182 203,643
Additions 8,453 - 1,459 1,401 11,313
Disposals - - - (633 ) (633 )
As at 31 January 2024 89,249 27,850 42,274 54,950 214,323
Depreciation
As at 1 February 2023 70,953 24,520 33,465 38,865 167,803
Provided during the period 4,574 833 1,699 4,180 11,286
Disposals - - - (633 ) (633 )
As at 31 January 2024 75,527 25,353 35,164 42,412 178,456
Net Book Value
As at 31 January 2024 13,722 2,497 7,110 12,538 35,867
As at 1 February 2023 9,843 3,330 7,350 15,317 35,840
5. Stocks
2024 2023
£ £
Stock 465,746 510,617
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 112,795 86,032
Prepayments and accrued income 10,611 9,468
Corporation tax recoverable assets 29,073 29,073
Other taxes and social security 3,575 -
Directors' loan accounts - 12,068
156,054 136,641
Due after more than one year
Other debtors 223,386 223,386
379,440 360,027
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 147,827 108,370
Corporation tax 12,313 6,913
Other taxes and social security - 4,842
VAT 20,040 23,008
Net wages - 222
Accruals and deferred income 2,068 806
Directors' loan accounts 45,555 -
227,803 144,161
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50 50
Page 5