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 06405887 Ms Tina Singleton Mr Adrian Humphries Mr Mark Singleton Ms Tina Singleton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06405887 2023-04-30 06405887 2024-04-30 06405887 2023-05-01 2024-04-30 06405887 frs-core:CurrentFinancialInstruments 2024-04-30 06405887 frs-core:ComputerEquipment 2024-04-30 06405887 frs-core:ComputerEquipment 2023-05-01 2024-04-30 06405887 frs-core:ComputerEquipment 2023-04-30 06405887 frs-core:FurnitureFittings 2024-04-30 06405887 frs-core:FurnitureFittings 2023-05-01 2024-04-30 06405887 frs-core:FurnitureFittings 2023-04-30 06405887 frs-core:PlantMachinery 2024-04-30 06405887 frs-core:PlantMachinery 2023-05-01 2024-04-30 06405887 frs-core:PlantMachinery 2023-04-30 06405887 frs-core:ShareCapital 2024-04-30 06405887 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 06405887 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06405887 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 06405887 frs-bus:SmallEntities 2023-05-01 2024-04-30 06405887 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06405887 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 06405887 frs-bus:Director1 2023-05-01 2024-04-30 06405887 frs-bus:Director2 2023-05-01 2024-04-30 06405887 frs-bus:Director3 2023-05-01 2024-04-30 06405887 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 06405887 frs-core:CurrentFinancialInstruments 1 2024-04-30 06405887 frs-countries:EnglandWales 2023-05-01 2024-04-30 06405887 2022-04-30 06405887 2023-04-30 06405887 2022-05-01 2023-04-30 06405887 frs-core:CurrentFinancialInstruments 2023-04-30 06405887 frs-core:ShareCapital 2023-04-30 06405887 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 06405887 frs-core:CurrentFinancialInstruments 1 2023-04-30
Registered number: 06405887
Accurate Roofing Ltd.
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06405887
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 317,599 285,589
317,599 285,589
CURRENT ASSETS
Debtors 5 4,006,774 1,941,419
Cash at bank and in hand 782,589 942,654
4,789,363 2,884,073
Creditors: Amounts Falling Due Within One Year 6 (2,113,843 ) (1,656,288 )
NET CURRENT ASSETS (LIABILITIES) 2,675,520 1,227,785
TOTAL ASSETS LESS CURRENT LIABILITIES 2,993,119 1,513,374
PROVISIONS FOR LIABILITIES
Deferred Taxation (79,400 ) (50,332 )
NET ASSETS 2,913,719 1,463,042
CAPITAL AND RESERVES
Called up share capital 7 112 112
Profit and Loss Account 2,913,607 1,462,930
SHAREHOLDERS' FUNDS 2,913,719 1,463,042
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
Ms Tina Singleton
Director
08/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Accurate Roofing Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 06405887 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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.
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 15% WDV
Fixtures & Fittings 15% WDV
Computer Equipment 15% WDV
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 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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: 9 (2023: 9)
9 9
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 796,319 44,922 55,149 896,390
Additions 196,025 - - 196,025
Disposals (122,114 ) - - (122,114 )
As at 30 April 2024 870,230 44,922 55,149 970,301
Depreciation
As at 1 May 2023 536,577 33,017 41,207 610,801
Provided during the period 86,388 2,682 3,137 92,207
Disposals (50,306 ) - - (50,306 )
As at 30 April 2024 572,659 35,699 44,344 652,702
Net Book Value
As at 30 April 2024 297,571 9,223 10,805 317,599
As at 1 May 2023 259,742 11,905 13,942 285,589
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,110,607 1,621,800
Inter company account 912,483 144
VAT 272,702 319,475
Directors' loan accounts 710,982 -
4,006,774 1,941,419
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,474,735 1,184,817
Corporation tax 510,291 275,742
Other taxes and social security 9,520 4,382
Other creditors 119,297 191,138
Directors' loan accounts - 209
2,113,843 1,656,288
Page 4
Page 5
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 112 112
8. Related Party Transactions
Included in the Other Debtors is an amount owed from the company directors totalling £710,982 (2023 - £209 Creditor), no interest is to be charged.
Included in the Other Debtors is an amount owed from MT Property Developers Ltd totalling £912,483 (2023 - £144), for which Mrs T Singleton is a director. No interest is to be charged and no repayment terms have been agreed.
Page 5