Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 12553043 Mrs Melanie Overton Mr Paul Overton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12553043 2023-04-30 12553043 2024-04-30 12553043 2023-05-01 2024-04-30 12553043 frs-core:CurrentFinancialInstruments 2024-04-30 12553043 frs-core:Non-currentFinancialInstruments 2024-04-30 12553043 frs-core:PlantMachinery 2024-04-30 12553043 frs-core:PlantMachinery 2023-05-01 2024-04-30 12553043 frs-core:PlantMachinery 2023-04-30 12553043 frs-core:ShareCapital 2024-04-30 12553043 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 12553043 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12553043 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 12553043 frs-bus:SmallEntities 2023-05-01 2024-04-30 12553043 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 12553043 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 12553043 frs-bus:Director1 2023-05-01 2024-04-30 12553043 frs-bus:Director2 2023-05-01 2024-04-30 12553043 frs-countries:EnglandWales 2023-05-01 2024-04-30 12553043 2022-04-30 12553043 2023-04-30 12553043 2022-05-01 2023-04-30 12553043 frs-core:CurrentFinancialInstruments 2023-04-30 12553043 frs-core:Non-currentFinancialInstruments 2023-04-30 12553043 frs-core:ShareCapital 2023-04-30 12553043 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 12553043
Forge Developments (East Anglia) Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12553043
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 145 193
145 193
CURRENT ASSETS
Stocks 5 - 394,977
Debtors 6 13,452 18,014
Cash at bank and in hand 1,860 504
15,312 413,495
Creditors: Amounts Falling Due Within One Year 7 (822 ) (343,613 )
NET CURRENT ASSETS (LIABILITIES) 14,490 69,882
TOTAL ASSETS LESS CURRENT LIABILITIES 14,635 70,075
PROVISIONS FOR LIABILITIES
Deferred Taxation - (37 )
NET ASSETS 14,635 70,038
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 14,633 70,036
SHAREHOLDERS' FUNDS 14,635 70,038
Page 1
Page 2
For the year ending 30 April 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
Mrs Melanie Overton
Director
21st July 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Forge Developments (East Anglia) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12553043 . The registered office is Unit 9 Byford Court Crockatt Road, Hadleigh, Ipswich, IP7 6RD.
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 represents the gross proceeds of houses on which contracts for sale have legally completed during the period, land sales and other work done.
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% 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
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 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.
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 assets reflect 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 May 2023 258
As at 30 April 2024 258
Depreciation
As at 1 May 2023 65
Provided during the period 48
As at 30 April 2024 113
Net Book Value
As at 30 April 2024 145
As at 1 May 2023 193
5. Stocks
2024 2023
£ £
Stock - 394,977
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 8,452 13,014
8,452 13,014
Due after more than one year
Other debtors 5,000 5,000
5,000 5,000
13,452 18,014
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 822 313,255
Taxation and social security - 30,358
822 343,613
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4