Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07517931 M Hillyer J Warwick J Warwick iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07517931 2022-12-31 07517931 2023-12-31 07517931 2023-01-01 2023-12-31 07517931 frs-core:CurrentFinancialInstruments 2023-12-31 07517931 frs-core:PlantMachinery 2023-12-31 07517931 frs-core:PlantMachinery 2023-01-01 2023-12-31 07517931 frs-core:PlantMachinery 2022-12-31 07517931 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07517931 frs-bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 07517931 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07517931 frs-bus:SmallEntities 2023-01-01 2023-12-31 07517931 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07517931 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07517931 frs-bus:Director1 2023-01-01 2023-12-31 07517931 frs-bus:Director2 2023-01-01 2023-12-31 07517931 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 07517931 frs-countries:EnglandWales 2023-01-01 2023-12-31 07517931 2021-12-31 07517931 2022-12-31 07517931 2022-01-01 2022-12-31 07517931 frs-core:CurrentFinancialInstruments 2022-12-31 07517931 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07517931
Path Hill Outdoors Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Juliette Tompson Accounting Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07517931
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,405 24,752
15,405 24,752
CURRENT ASSETS
Debtors 5 57,700 92,347
Cash at bank and in hand 253,758 139,977
311,458 232,324
Creditors: Amounts Falling Due Within One Year 6 (29,386 ) (16,505 )
NET CURRENT ASSETS (LIABILITIES) 282,072 215,819
TOTAL ASSETS LESS CURRENT LIABILITIES 297,477 240,571
NET ASSETS 297,477 240,571
Income and Expenditure Account 297,477 240,571
MEMBERS' FUNDS 297,477 240,571
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 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 Income and Expenditure Account.
On behalf of the board
J Warwick
Director
17/09/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Path Hill Outdoors Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 07517931 . The registered office is Path Hill Outdoors, Path Hill, Goring Heath, Oxfordshire, RG8 7RE.
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% Straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2022: 7)
8 7
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 110,113
Additions 997
As at 31 December 2023 111,110
Depreciation
As at 1 January 2023 85,361
Provided during the period 10,344
As at 31 December 2023 95,705
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 December 2023 15,405
As at 1 January 2023 24,752
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 55,235 90,035
Prepayments and accrued income 1,298 1,248
Other debtors 1,167 1,064
57,700 92,347
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 4,782 6,059
Corporation tax 18,050 4,038
Other taxes and social security 5,354 5,208
Accruals and deferred income 1,200 1,200
29,386 16,505
7. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 3