Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08776992 Mr Scott Gove Mrs Kelly Gove Mr & Mrs Gove true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08776992 2022-12-31 08776992 2023-12-31 08776992 2023-01-01 2023-12-31 08776992 frs-core:CurrentFinancialInstruments 2023-12-31 08776992 frs-core:MotorVehicles 2023-01-01 2023-12-31 08776992 frs-core:PlantMachinery 2023-12-31 08776992 frs-core:PlantMachinery 2023-01-01 2023-12-31 08776992 frs-core:PlantMachinery 2022-12-31 08776992 frs-core:ShareCapital 2023-12-31 08776992 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08776992 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08776992 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08776992 frs-bus:SmallEntities 2023-01-01 2023-12-31 08776992 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08776992 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08776992 1 2023-01-01 2023-12-31 08776992 frs-bus:Director1 2023-01-01 2023-12-31 08776992 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 08776992 frs-countries:EnglandWales 2023-01-01 2023-12-31 08776992 2021-12-31 08776992 2022-12-31 08776992 2022-01-01 2022-12-31 08776992 frs-core:CurrentFinancialInstruments 2022-12-31 08776992 frs-core:ShareCapital 2022-12-31 08776992 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 08776992
S.G. Woodburners & Building Services Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
LPTA Limited
Chartered Certified Accountants
Priory Place Priory Road
Tiptree
Colchester
Essex
CO5 0QE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08776992
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,986 6,349
4,986 6,349
CURRENT ASSETS
Stocks 5 34,616 55,216
Debtors 6 27,496 13,176
Cash at bank and in hand 16,569 8,402
78,681 76,794
Creditors: Amounts Falling Due Within One Year 7 (43,332 ) (44,799 )
NET CURRENT ASSETS (LIABILITIES) 35,349 31,995
TOTAL ASSETS LESS CURRENT LIABILITIES 40,335 38,344
PROVISIONS FOR LIABILITIES
Deferred Taxation (678 ) (441 )
NET ASSETS 39,657 37,903
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account 39,457 37,703
SHAREHOLDERS' FUNDS 39,657 37,903
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 Scott Gove
Director
31st July 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
S.G. Woodburners & Building Services Limited Registered number 08776992 is a limited by shares company incorporated in England & Wales. The Registered Office is Priory Place Priory Road, Tiptree, Colchester, CO5 0QE.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 20% Reducing Balance
Motor Vehicles 20% 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
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 2)
1 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 13,611
Disposals (358 )
As at 31 December 2023 13,253
Depreciation
As at 1 January 2023 7,262
Provided during the period 1,246
Disposals (241 )
As at 31 December 2023 8,267
Net Book Value
As at 31 December 2023 4,986
As at 1 January 2023 6,349
5. Stocks
2023 2022
£ £
Work in progress 34,616 55,216
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 25,701 12,324
Prepayments and accrued income 1,795 852
27,496 13,176
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 8,029 11,777
Corporation tax 11,319 12,796
VAT 4,919 5,034
CIS Liability 11,510 8,371
Accruals and deferred income 1,195 1,148
Director's loan account 6,360 5,673
43,332 44,799
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 200 200
9. Directors Advances, Credits and Guarantees
Dividends paid to directors
10. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 1,000 2,000
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr & Mrs Gove by virtue of their ownership of 100% of the issued share capital in the company.
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