Acorah Software Products - Accounts Production 15.0.600 false true true false 6 March 2023 31 March 2024 31 March 2024 14706372 Mr Stuart Rowe Miss Joanne Kingdon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14706372 2023-03-05 14706372 2024-03-31 14706372 2023-03-06 2024-03-31 14706372 frs-core:CurrentFinancialInstruments 2024-03-31 14706372 frs-core:Non-currentFinancialInstruments 2024-03-31 14706372 frs-core:ShareCapital 2024-03-31 14706372 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14706372 frs-bus:PrivateLimitedCompanyLtd 2023-03-06 2024-03-31 14706372 frs-bus:FilletedAccounts 2023-03-06 2024-03-31 14706372 frs-bus:SmallEntities 2023-03-06 2024-03-31 14706372 frs-bus:AuditExempt-NoAccountantsReport 2023-03-06 2024-03-31 14706372 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-06 2024-03-31 14706372 frs-bus:Director1 2023-03-06 2024-03-31 14706372 frs-bus:Director2 2023-03-06 2024-03-31 14706372 frs-countries:EnglandWales 2023-03-06 2024-03-31
Registered number: 14706372
S J Rowe Developments Ltd
Unaudited Financial Statements
For the Period 6 March 2023 to 31 March 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14706372
31 March 2024
Notes £ £
CURRENT ASSETS
Stocks 4 56,653
Cash at bank and in hand 71
56,724
Creditors: Amounts Falling Due Within One Year 5 (4,676 )
NET CURRENT ASSETS (LIABILITIES) 52,048
TOTAL ASSETS LESS CURRENT LIABILITIES 52,048
Creditors: Amounts Falling Due After More Than One Year 6 (53,463 )
NET LIABILITIES (1,415 )
CAPITAL AND RESERVES
Called up share capital 7 100
Profit and Loss Account (1,515 )
SHAREHOLDERS' FUNDS (1,415)
For the period 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 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 Stuart Rowe
Director
16 October 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
S J Rowe Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14706372 . The registered office is 138 High Street, Crediton, Devon, EX17 3DX.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. Financial Instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
2.5. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Stocks
31 March 2024
£
Work in progress 56,653
5. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Trade creditors 2,582
Accruals and deferred income 950
Directors' loan accounts 1,144
4,676
6. Creditors: Amounts Falling Due After More Than One Year
31 March 2024
£
Amounts owed to group undertakings 53,463
Page 2
Page 3
7. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 100
8. Related Party Transactions
At the period end, 31 March 2024, the company owed the directors £1,144 in respect of loans held with the company. These amounts are interest free and repayable on demand.
Page 3