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 04749450 Mr Harry Nicholas Bailey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04749450 2023-03-31 04749450 2024-03-31 04749450 2023-04-01 2024-03-31 04749450 frs-core:CurrentFinancialInstruments 2024-03-31 04749450 frs-core:ComputerEquipment 2024-03-31 04749450 frs-core:ComputerEquipment 2023-04-01 2024-03-31 04749450 frs-core:ComputerEquipment 2023-03-31 04749450 frs-core:FurnitureFittings 2024-03-31 04749450 frs-core:FurnitureFittings 2023-04-01 2024-03-31 04749450 frs-core:FurnitureFittings 2023-03-31 04749450 frs-core:NetGoodwill 2024-03-31 04749450 frs-core:NetGoodwill 2023-04-01 2024-03-31 04749450 frs-core:NetGoodwill 2023-03-31 04749450 frs-core:MotorVehicles 2024-03-31 04749450 frs-core:MotorVehicles 2023-04-01 2024-03-31 04749450 frs-core:MotorVehicles 2023-03-31 04749450 frs-core:PlantMachinery 2024-03-31 04749450 frs-core:PlantMachinery 2023-04-01 2024-03-31 04749450 frs-core:PlantMachinery 2023-03-31 04749450 frs-core:ShareCapital 2024-03-31 04749450 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04749450 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04749450 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04749450 frs-bus:SmallEntities 2023-04-01 2024-03-31 04749450 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04749450 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04749450 frs-bus:Director1 2023-04-01 2024-03-31 04749450 frs-countries:EnglandWales 2023-04-01 2024-03-31 04749450 2022-03-31 04749450 2023-03-31 04749450 2022-04-01 2023-03-31 04749450 frs-core:CurrentFinancialInstruments 2023-03-31 04749450 frs-core:ShareCapital 2023-03-31 04749450 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 04749450
Harry Nicholas Bailey Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Lennards
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04749450
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 1
Tangible Assets 5 8,720 13,077
8,721 13,078
CURRENT ASSETS
Stocks 6 7,500 7,500
Debtors 7 14,308 12,651
Cash at bank and in hand 80,420 90,950
102,228 111,101
Creditors: Amounts Falling Due Within One Year 8 (81,853 ) (72,248 )
NET CURRENT ASSETS (LIABILITIES) 20,375 38,853
TOTAL ASSETS LESS CURRENT LIABILITIES 29,096 51,931
NET ASSETS 29,096 51,931
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 29,095 51,930
SHAREHOLDERS' FUNDS 29,096 51,931
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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 his 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 Harry Nicholas Bailey
Director
05/08/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Harry Nicholas Bailey Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04749450 . The registered office is Capitol Carpet Company, 14 Park Green, Macclesfield, SK11 7NA.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 20% per annum of cost
Motor Vehicles 20% per annum of cost
Fixtures & Fittings 20% per annum of cost
Computer Equipment 20% per annum of cost
2.5. 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.
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2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 4 4
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 1,560
As at 31 March 2024 1,560
Amortisation
As at 1 April 2023 1,559
As at 31 March 2024 1,559
Net Book Value
As at 31 March 2024 1
As at 1 April 2023 1
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 3,401 56,991 5,585 10,545 76,522
As at 31 March 2024 3,401 56,991 5,585 10,545 76,522
Depreciation
As at 1 April 2023 3,400 43,918 5,584 10,543 63,445
Provided during the period - 4,357 - - 4,357
As at 31 March 2024 3,400 48,275 5,584 10,543 67,802
Net Book Value
As at 31 March 2024 1 8,716 1 2 8,720
As at 1 April 2023 1 13,073 1 2 13,077
6. Stocks
2024 2023
£ £
Stock 7,500 7,500
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 14,308 12,651
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,534 13,241
Bank loans and overdrafts 26,596 31,667
Corporation tax 5,143 1,503
Other taxes and social security 698 3,265
VAT 8,280 5,459
Net wages - 482
Other creditors 899 -
Accruals and deferred income 1,300 1,300
Director's loan account 29,403 15,331
81,853 72,248
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Harry Nicholas Bailey - 10,000
11. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 30,000 10,000
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