Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 00562155 Mrs Barbara Walton Mr Michael Marriott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00562155 2023-03-31 00562155 2024-03-31 00562155 2023-04-01 2024-03-31 00562155 frs-core:CurrentFinancialInstruments 2024-03-31 00562155 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 00562155 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00562155 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 00562155 frs-core:PlantMachinery 2024-03-31 00562155 frs-core:PlantMachinery 2023-04-01 2024-03-31 00562155 frs-core:PlantMachinery 2023-03-31 00562155 frs-core:CapitalRedemptionReserve 2024-03-31 00562155 frs-core:RevaluationReserve 2023-03-31 00562155 frs-core:RevaluationReserve 2024-03-31 00562155 frs-core:SharePremium 2024-03-31 00562155 frs-core:ShareCapital 2024-03-31 00562155 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 00562155 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00562155 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 00562155 frs-bus:SmallEntities 2023-04-01 2024-03-31 00562155 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00562155 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 00562155 frs-bus:Director1 2023-04-01 2024-03-31 00562155 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 00562155 frs-countries:EnglandWales 2023-04-01 2024-03-31 00562155 2022-03-31 00562155 2023-03-31 00562155 2022-04-01 2023-03-31 00562155 frs-core:CurrentFinancialInstruments 2023-03-31 00562155 frs-core:CapitalRedemptionReserve 2023-03-31 00562155 frs-core:RevaluationReserve 2023-03-31 00562155 frs-core:SharePremium 2023-03-31 00562155 frs-core:ShareCapital 2023-03-31 00562155 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 00562155
R.Parkinson And Co.(Sheet Metal Workers)Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00562155
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 199,390 199,390
199,390 199,390
CURRENT ASSETS
Debtors 5 47,548 69,752
Cash at bank and in hand 19,208 39,352
66,756 109,104
Creditors: Amounts Falling Due Within One Year 6 (75,358 ) (108,336 )
NET CURRENT ASSETS (LIABILITIES) (8,602 ) 768
TOTAL ASSETS LESS CURRENT LIABILITIES 190,788 200,158
NET ASSETS 190,788 200,158
CAPITAL AND RESERVES
Called up share capital 7 2,100 2,100
Share premium account 4,500 4,500
Revaluation reserve 8 115,778 115,778
Capital redemption reserve 1,400 1,400
Profit and Loss Account 67,010 76,380
SHAREHOLDERS' FUNDS 190,788 200,158
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Page 2
For the year ending 31 March 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 Barbara Walton
Director
16/05/2024
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
R.Parkinson And Co.(Sheet Metal Workers)Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00562155 . The registered office is 18 Livesey Hall Close, Cherry Tree, Blackburn, Lancashire, BB2 5NQ.
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:
Freehold nil
Plant & Machinery nil
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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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 April 2023 187,185 180,441 367,626
As at 31 March 2024 187,185 180,441 367,626
Depreciation
As at 1 April 2023 47,444 120,792 168,236
As at 31 March 2024 47,444 120,792 168,236
...CONTINUED
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Net Book Value
As at 31 March 2024 139,741 59,649 199,390
As at 1 April 2023 139,741 59,649 199,390
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 47,548 69,752
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 47,253 68,385
Corporation tax 234 4,423
VAT - 228
Accrued expenses 27,868 27,542
Director's loan account 3 -
Executors of E Walton deceased - 7,758
75,358 108,336
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,100 2,100
8. Reserves
Revaluation Reserve
£
As at 1 April 2023 115,778
As at 31 March 2024 115,778
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