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 SC184729 Mrs. Eileen Kesson Mr. Alistair Kesson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC184729 2023-01-31 SC184729 2024-01-31 SC184729 2023-02-01 2024-01-31 SC184729 frs-core:CurrentFinancialInstruments 2024-01-31 SC184729 frs-core:ComputerEquipment 2024-01-31 SC184729 frs-core:ComputerEquipment 2023-02-01 2024-01-31 SC184729 frs-core:ComputerEquipment 2023-01-31 SC184729 frs-core:FurnitureFittings 2024-01-31 SC184729 frs-core:FurnitureFittings 2023-02-01 2024-01-31 SC184729 frs-core:FurnitureFittings 2023-01-31 SC184729 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 SC184729 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 SC184729 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-31 SC184729 frs-core:MotorVehicles 2024-01-31 SC184729 frs-core:MotorVehicles 2023-02-01 2024-01-31 SC184729 frs-core:MotorVehicles 2023-01-31 SC184729 frs-core:PlantMachinery 2024-01-31 SC184729 frs-core:PlantMachinery 2023-02-01 2024-01-31 SC184729 frs-core:PlantMachinery 2023-01-31 SC184729 frs-core:ShareCapital 2024-01-31 SC184729 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 SC184729 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC184729 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 SC184729 frs-bus:SmallEntities 2023-02-01 2024-01-31 SC184729 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC184729 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC184729 frs-bus:Director1 2023-02-01 2024-01-31 SC184729 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 SC184729 frs-core:CurrentFinancialInstruments 1 2024-01-31 SC184729 frs-core:CurrentFinancialInstruments 2 2024-01-31 SC184729 frs-countries:Scotland 2023-02-01 2024-01-31 SC184729 2022-01-31 SC184729 2023-01-31 SC184729 2022-02-01 2023-01-31 SC184729 frs-core:CurrentFinancialInstruments 2023-01-31 SC184729 frs-core:ShareCapital 2023-01-31 SC184729 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 SC184729 frs-core:CurrentFinancialInstruments 1 2023-01-31 SC184729 frs-core:CurrentFinancialInstruments 2 2023-01-31
Registered number: SC184729
Envision (Contemporary Interiors) Ltd.
Financial Statements
For The Year Ended 31 January 2024
KAG Accountancy Ltd
Office 4, Kildean Business & Enterprise Hub
146 Drip Road
Stirling
FK8 1RW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC184729
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,458 5,806
4,458 5,806
CURRENT ASSETS
Stocks 5 154,621 173,487
Debtors 6 205,629 122,140
Cash at bank and in hand 70,242 172,166
430,492 467,793
Creditors: Amounts Falling Due Within One Year 7 (55,001 ) (71,291 )
NET CURRENT ASSETS (LIABILITIES) 375,491 396,502
TOTAL ASSETS LESS CURRENT LIABILITIES 379,949 402,308
NET ASSETS 379,949 402,308
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 379,947 402,306
SHAREHOLDERS' FUNDS 379,949 402,308
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs. Eileen Kesson
Director
24th September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Envision (Contemporary Interiors) Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC184729 . The registered office is Unit 10 10 Munro Road, Stirling, FK7 7UU.
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:
Leasehold 33.33 Reducing Balance
Plant & Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% Straight Line Method
Computer Equipment 20% Straight Line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 6)
5 6
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 February 2023 35,639 20,876 1,415 1,778
As at 31 January 2024 35,639 20,876 1,415 1,778
...CONTINUED
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Depreciation
As at 1 February 2023 35,639 16,939 1,415 711
Provided during the period - 591 - 356
As at 31 January 2024 35,639 17,530 1,415 1,067
Net Book Value
As at 31 January 2024 - 3,346 - 711
As at 1 February 2023 - 3,937 - 1,067
Computer Equipment Total
£ £
Cost
As at 1 February 2023 7,169 66,877
As at 31 January 2024 7,169 66,877
Depreciation
As at 1 February 2023 6,367 61,071
Provided during the period 401 1,348
As at 31 January 2024 6,768 62,419
Net Book Value
As at 31 January 2024 401 4,458
As at 1 February 2023 802 5,806
5. Stocks
2024 2023
£ £
Materials 39,300 14,300
Work in progress 115,321 159,187
154,621 173,487
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 190,745 111,352
Prepayments and accrued income 3,480 3,578
Deferred tax current asset 6,044 6,044
VAT 4,256 -
Other taxes and social security 1,054 1,123
Director's loan account 50 43
205,629 122,140
Page 4
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 38,073 34,302
VAT - 17,849
Other creditors 9,268 11,292
Other creditors (1) 1,076 886
Other creditors (2) 3,134 4,137
Accruals and deferred income 3,450 2,825
55,001 71,291
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
Page 5