Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 5 November 2021 false 1 December 2022 30 November 2023 30 November 2023 13727055 Mrs S Pollitt Mr S Pollitt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13727055 2022-11-30 13727055 2023-11-30 13727055 2022-12-01 2023-11-30 13727055 frs-core:CurrentFinancialInstruments 2023-11-30 13727055 frs-core:ShareCapital 2023-11-30 13727055 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 13727055 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13727055 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 13727055 frs-bus:SmallEntities 2022-12-01 2023-11-30 13727055 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 13727055 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 13727055 frs-bus:Director1 2022-12-01 2023-11-30 13727055 frs-bus:Director2 2022-12-01 2023-11-30 13727055 frs-countries:EnglandWales 2022-12-01 2023-11-30 13727055 2021-11-04 13727055 2022-11-30 13727055 2021-11-05 2022-11-30 13727055 frs-core:CurrentFinancialInstruments 2022-11-30 13727055 frs-core:ShareCapital 2022-11-30 13727055 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 13727055
Friars Commercial Services Ltd
Financial Statements
For The Year Ended 30 November 2023
Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13727055
30 November 2023 30 November 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 3 10,980 26,133
Cash at bank and in hand 9,288 5,215
20,268 31,348
Creditors: Amounts Falling Due Within One Year 4 (15,484 ) (6,166 )
NET CURRENT ASSETS (LIABILITIES) 4,784 25,182
TOTAL ASSETS LESS CURRENT LIABILITIES 4,784 25,182
NET ASSETS 4,784 25,182
CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and Loss Account 4,684 25,082
SHAREHOLDERS' FUNDS 4,784 25,182
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 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 S Pollitt
Director
29 August 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2022: 2)
2 2
3. Debtors
30 November 2023 30 November 2022
£ £
Due within one year
Trade debtors 10,980 -
Other debtors - 26,133
10,980 26,133
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Page 3
4. Creditors: Amounts Falling Due Within One Year
30 November 2023 30 November 2022
£ £
Corporation tax 12,385 5,883
Other taxes and social security - 283
VAT 3,099 -
15,484 6,166
5. Share Capital
30 November 2023 30 November 2022
£ £
Allotted, Called up and fully paid 100 100
6. General Information
Friars Commercial Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13727055 . The registered office is 550 Valley Road, Basford, Nottingham, NG5 1JJ.
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