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 05277694 Mr Paul Bloxham Mrs Mary Bloxham Mrs Mary Bloxham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05277694 2023-01-31 05277694 2024-01-31 05277694 2023-02-01 2024-01-31 05277694 frs-core:CurrentFinancialInstruments 2024-01-31 05277694 frs-core:ComputerEquipment 2024-01-31 05277694 frs-core:ComputerEquipment 2023-02-01 2024-01-31 05277694 frs-core:ComputerEquipment 2023-01-31 05277694 frs-core:NetGoodwill 2024-01-31 05277694 frs-core:NetGoodwill 2023-02-01 2024-01-31 05277694 frs-core:NetGoodwill 2023-01-31 05277694 frs-core:MotorVehicles 2024-01-31 05277694 frs-core:MotorVehicles 2023-02-01 2024-01-31 05277694 frs-core:MotorVehicles 2023-01-31 05277694 frs-core:ShareCapital 2024-01-31 05277694 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 05277694 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05277694 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 05277694 frs-bus:SmallEntities 2023-02-01 2024-01-31 05277694 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05277694 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 05277694 frs-core:UnlistedNon-exchangeTraded 2024-01-31 05277694 frs-core:UnlistedNon-exchangeTraded 2023-01-31 05277694 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-01-31 05277694 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-01-31 05277694 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-01-31 05277694 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-01-31 05277694 frs-bus:Director1 2023-02-01 2024-01-31 05277694 frs-bus:Director1 2023-01-31 05277694 frs-bus:Director1 2024-01-31 05277694 frs-bus:Director2 2023-02-01 2024-01-31 05277694 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 05277694 frs-countries:EnglandWales 2023-02-01 2024-01-31 05277694 2022-01-31 05277694 2023-01-31 05277694 2022-02-01 2023-01-31 05277694 frs-core:CurrentFinancialInstruments 2023-01-31 05277694 frs-core:ShareCapital 2023-01-31 05277694 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 05277694
Paul Bloxham Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Hollsam Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05277694
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,778 2,372
Investments 6 1,129 1,129
2,907 3,501
CURRENT ASSETS
Stocks 7 74,191 76,926
Debtors 8 202,956 128,724
Cash at bank and in hand 8,637 63,043
285,784 268,693
Creditors: Amounts Falling Due Within One Year 9 (77,476 ) (78,582 )
NET CURRENT ASSETS (LIABILITIES) 208,308 190,111
TOTAL ASSETS LESS CURRENT LIABILITIES 211,215 193,612
NET ASSETS 211,215 193,612
CAPITAL AND RESERVES
Called up share capital 10 101 100
Profit and Loss Account 211,114 193,512
SHAREHOLDERS' FUNDS 211,215 193,612
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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 Paul Bloxham
Director
17 September 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
Paul Bloxham Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05277694 . The registered office is 9 Ormes Lane, Ratcliffe Culey, Atherstone, Warwickshire, CV9 3PB.
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 10 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:
Motor Vehicles 25% on a reducing balance basis
Computer Equipment 25% on a reducing balance basis
2.5. 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.
2.6. 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 year 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 asset reflects 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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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 30,000
As at 31 January 2024 30,000
Amortisation
As at 1 February 2023 30,000
As at 31 January 2024 30,000
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 -
5. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 38,456 630 39,086
As at 31 January 2024 38,456 630 39,086
Depreciation
As at 1 February 2023 36,557 157 36,714
Provided during the period 475 119 594
As at 31 January 2024 37,032 276 37,308
Net Book Value
As at 31 January 2024 1,424 354 1,778
As at 1 February 2023 1,899 473 2,372
6. Investments
Unlisted
£
Cost
As at 1 February 2023 1,129
As at 31 January 2024 1,129
Provision
As at 1 February 2023 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 1,129
As at 1 February 2023 1,129
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7. Stocks
2024 2023
£ £
Materials 74,191 76,926
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 137,040 128,724
Directors' loan accounts 65,916 -
202,956 128,724
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 28,264 10,637
Corporation tax 6,490 7,021
VAT 33,323 29,477
Other creditors 7,079 6,356
Accruals and deferred income 2,320 1,680
Directors' loan accounts - 23,411
77,476 78,582
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Paul Bloxham (23,410 ) 94,800 5,474 - 65,916
The above loan is unsecured, interest free and repayable on demand. This loan was repaid on 16th August 2024.
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