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Registered number: 13757052
Beacon Fencing Newark Ltd
Directors' Report and
Financial Statements
For The Year Ended 30 November 2023
Directors' Report and Financial Statements
Contents
Page
Company Information 1
Directors' Report 2
Accountants' Report 3
Profit and Loss Account 4
Balance Sheet 5—6
Statement of Changes in Equity 7
Notes to the Financial Statements 8—11
Page 1
Company Information
Directors Mr Ashley Warriner
Mr Paul Warriner
Mr Benjamin Warriner
Secretary Mr Paul Warriner
Company Number 13757052
Registered Office 1 Appleby Close
Beacon Heights
Newark
Nottingham
NG24 2LL
Accountants Mint Accountants Ltd
Chartered Certified Accountants
16 Queen Street
Ilkeston
Derbyshire
DE7 5GT
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 30 November 2023.
Directors
The directors who held office during the year were as follows:
Mr Ashley Warriner
Mr Paul Warriner
Mr Benjamin Warriner
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Ashley Warriner
Director
11 September 2024
Page 2
Page 3
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Beacon Fencing Newark Ltd For The Year Ended 30 November 2023
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Beacon Fencing Newark Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Beacon Fencing Newark Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Beacon Fencing Newark Ltd and state those matters that we have agreed to state to the directors of Beacon Fencing Newark Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Beacon Fencing Newark Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Beacon Fencing Newark Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Beacon Fencing Newark Ltd . You consider that Beacon Fencing Newark Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Beacon Fencing Newark Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
11 September 2024
Mint Accountants Ltd
Chartered Certified Accountants
16 Queen Street
Ilkeston
Derbyshire
DE7 5GT
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Profit and Loss Account
30 November 2023 30 November 2022
Notes £ £
TURNOVER 300,543 126,378
Cost of sales (106,791 ) (39,672 )
GROSS PROFIT 193,752 86,706
Administrative expenses (110,621 ) (75,204 )
OPERATING PROFIT 83,131 11,502
Interest payable and similar charges (1,324 ) (1,112 )
PROFIT BEFORE TAXATION 81,807 10,390
Tax on Profit (16,150 ) -
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 65,657 10,390
The notes on pages 8 to 11 form part of these financial statements.
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Balance Sheet
30 November 2023 30 November 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 18,250 19,250
Tangible Assets 5 77,472 97,621
95,722 116,871
CURRENT ASSETS
Stocks 6 9,500 3,500
Debtors 7 10,974 13,412
Cash at bank and in hand 58,168 13,168
78,642 30,080
Creditors: Amounts Falling Due Within One Year 8 (85,357 ) (97,684 )
NET CURRENT ASSETS (LIABILITIES) (6,715 ) (67,604 )
TOTAL ASSETS LESS CURRENT LIABILITIES 89,007 49,267
Creditors: Amounts Falling Due After More Than One Year 9 (27,766 ) (44,577 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,494 ) -
NET ASSETS 45,747 4,690
CAPITAL AND RESERVES
Called up share capital 11 300 300
Profit and Loss Account 45,447 4,390
SHAREHOLDERS' FUNDS 45,747 4,690
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For the year ending 30 November 2023 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 in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mr Benjamin Warriner
Director
11 September 2024
The notes on pages 8 to 11 form part of these financial statements.
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Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 22 November 2021 - - -
Profit for the period and total comprehensive income - 10,390 10,390
Dividends paid - (6,000) (6,000)
Arising on shares issued during the period 300 - 300
As at 30 November 2022 and 1 December 2022 300 4,390 4,690
Profit for the year and total comprehensive income - 65,657 65,657
Dividends paid - (24,600) (24,600)
As at 30 November 2023 300 45,447 45,747
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Page 8
Notes to the Financial Statements
1. General Information
Beacon Fencing Newark Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13757052 . The registered office is 1 Appleby Close, Beacon Heights, Newark, Nottingham, NG24 2LL.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. 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 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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.
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2.7. 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. 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 4)
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2022 20,000
As at 30 November 2023 20,000
Amortisation
As at 1 December 2022 750
Provided during the period 1,000
As at 30 November 2023 1,750
Net Book Value
As at 30 November 2023 18,250
As at 1 December 2022 19,250
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 December 2022 18,348 93,144 1,659 113,151
Additions 2,537 - 142 2,679
As at 30 November 2023 20,885 93,144 1,801 115,830
Depreciation
As at 1 December 2022 2,064 13,364 102 15,530
Provided during the period 2,638 19,946 244 22,828
As at 30 November 2023 4,702 33,310 346 38,358
Net Book Value
As at 30 November 2023 16,183 59,834 1,455 77,472
As at 1 December 2022 16,284 79,780 1,557 97,621
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6. Stocks
30 November 2023 30 November 2022
£ £
Stock 4,500 500
Work in progress 5,000 3,000
9,500 3,500
7. Debtors
30 November 2023 30 November 2022
£ £
Due within one year
Trade debtors 3,288 4,452
Prepayments and accrued income 160 145
Other debtors 3,128 1,716
VAT 4,290 7,099
Other taxes and social security 108 -
10,974 13,412
8. Creditors: Amounts Falling Due Within One Year
30 November 2023 30 November 2022
£ £
Net obligations under finance lease and hire purchase contracts 11,811 13,732
Trade creditors 7,073 7,370
Bank loans and overdrafts 5,000 5,000
Corporation tax 656 -
Other taxes and social security - 131
Net wages 2,998 291
Accruals and deferred income 580 695
Directors' loan accounts 57,239 70,465
85,357 97,684
9. Creditors: Amounts Falling Due After More Than One Year
30 November 2023 30 November 2022
£ £
Net obligations under finance lease and hire purchase contracts 19,016 30,827
Bank loans 8,750 13,750
27,766 44,577
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10. Obligations Under Finance Leases and Hire Purchase
30 November 2023 30 November 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,811 13,732
Later than one year and not later than five years 19,016 30,827
30,827 44,559
30,827 44,559
11. Share Capital
30 November 2023 30 November 2022
£ £
Allotted, Called up and fully paid 300 300
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