Acorah Software Products - Accounts Production 15.0.600 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08915466 Mrs Caroline Law Mr Mark Law iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08915466 2023-03-31 08915466 2024-03-31 08915466 2023-04-01 2024-03-31 08915466 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08915466 frs-core:ShareCapital 2024-03-31 08915466 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08915466 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08915466 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 08915466 frs-bus:SmallEntities 2023-04-01 2024-03-31 08915466 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08915466 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08915466 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31 08915466 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 08915466 frs-bus:Director1 2023-04-01 2024-03-31 08915466 frs-bus:Director2 2023-04-01 2024-03-31 08915466 frs-countries:EnglandWales 2023-04-01 2024-03-31 08915466 2022-03-31 08915466 2023-03-31 08915466 2022-04-01 2023-03-31 08915466 frs-core:ShareCapital 2023-03-31 08915466 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 08915466 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31
Registered number: 08915466
Bevington Law Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Shelvoke, Pickering, Janney LLP
Chartered Certified Accountants
57 - 61 Market Place
Cannock
Staffordshire
WS11 1BP
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 08915466
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 731 860
Investment Properties 5 250,000 250,000
250,731 250,860
CURRENT ASSETS
Cash at bank and in hand 21,205 11,540
21,205 11,540
Creditors: Amounts Falling Due Within One Year (186,036 ) (184,726 )
NET CURRENT ASSETS (LIABILITIES) (164,831 ) (173,186 )
TOTAL ASSETS LESS CURRENT LIABILITIES 85,900 77,674
PROVISIONS FOR LIABILITIES
Deferred Taxation (18,641 ) (14,192 )
NET ASSETS 67,259 63,482
CAPITAL AND RESERVES
Called up share capital 6 100 100
Fair Value Reserve 7 73,832 73,832
Profit and Loss Account (6,673 ) (10,450 )
SHAREHOLDERS' FUNDS 67,259 63,482
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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 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Mark Law
Director
2 October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Bevington Law Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08915466 . The registered office is Wootton Farm House, Wootton Lane, Eccleshall, Staffs, ST21 6JF.
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. 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.
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.
2.4. 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:
Fixtures & Fittings 15% reducing balance
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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2.6. 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.
2.7. 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 year was: NIL (2023: NIL)
- -
4. Tangible Assets
Total
£
Cost or Valuation
As at 1 April 2023 1,400
As at 31 March 2024 1,400
Depreciation
As at 1 April 2023 540
Provided during the period 129
As at 31 March 2024 669
Net Book Value
As at 31 March 2024 731
As at 1 April 2023 860
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Cost or valuation as at 31 March 2024 represented by:
Fixtures & Fittings
£
At cost 1,400
1,400
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 250,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 176,168 176,168
During the year ended 31 March 2023, the property was revalued by the directors and they do not believe the value to be materially different at 31 March 2024.
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Reserves
Fair Value Reserve
£
As at 1 April 2023 73,832
As at 31 March 2024 73,832
8. Working capital deficit
Although current liabilities exceed current assets the company is able to meet its liabilities as they fall due.
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