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 03094114 A J Skinn C D Skinn A J Skinn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03094114 2023-03-31 03094114 2024-03-31 03094114 2023-04-01 2024-03-31 03094114 frs-core:CurrentFinancialInstruments 2024-03-31 03094114 frs-core:Non-currentFinancialInstruments 2024-03-31 03094114 frs-core:ComputerEquipment 2024-03-31 03094114 frs-core:ComputerEquipment 2023-04-01 2024-03-31 03094114 frs-core:ComputerEquipment 2023-03-31 03094114 frs-core:ShareCapital 2024-03-31 03094114 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03094114 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03094114 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03094114 frs-bus:SmallEntities 2023-04-01 2024-03-31 03094114 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03094114 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03094114 frs-bus:Director1 2023-04-01 2024-03-31 03094114 frs-bus:Director1 2023-03-31 03094114 frs-bus:Director1 2024-03-31 03094114 frs-bus:Director2 2023-04-01 2024-03-31 03094114 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 03094114 frs-countries:EnglandWales 2023-04-01 2024-03-31 03094114 2022-03-31 03094114 2023-03-31 03094114 2022-04-01 2023-03-31 03094114 frs-core:CurrentFinancialInstruments 2023-03-31 03094114 frs-core:Non-currentFinancialInstruments 2023-03-31 03094114 frs-core:ShareCapital 2023-03-31 03094114 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 03094114
Faweather Grange 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: 03094114
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 109 217
109 217
CURRENT ASSETS
Debtors 5 108,573 99,740
Cash at bank and in hand 11,858 6,332
120,431 106,072
Creditors: Amounts Falling Due Within One Year 6 (48,481 ) (43,268 )
NET CURRENT ASSETS (LIABILITIES) 71,950 62,804
TOTAL ASSETS LESS CURRENT LIABILITIES 72,059 63,021
Creditors: Amounts Falling Due After More Than One Year 7 (4,750 ) (7,750 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (27 ) (54 )
NET ASSETS 67,282 55,217
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 67,280 55,215
SHAREHOLDERS' FUNDS 67,282 55,217
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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 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
A J Skinn
Director
25 October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Faweather Grange Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03094114 . The registered office is The Grange, Sconce Lane, High Eldwick, Bingley, West Yorkshire, BD16 3BL.
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:
Computer Equipment 33% reducing balance
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 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 assets reflect 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: 2 (2023: 2)
2 2
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 3,141
As at 31 March 2024 3,141
Depreciation
As at 1 April 2023 2,924
Provided during the period 108
As at 31 March 2024 3,032
Net Book Value
As at 31 March 2024 109
As at 1 April 2023 217
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 34,875 29,619
Prepayments and accrued income 6,757 5,021
Other debtors 65,100 65,100
Directors' loan accounts 1,841 -
108,573 99,740
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 3,000 3,000
Other creditors 35,883 31,100
Taxation and social security 9,598 9,168
48,481 43,268
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,750 7,750
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Andrew Skinn - 6,000 4,159 - 1,841
The above loan is unsecured, interest free and repayable on demand.
10. Related Party Transactions
During the year the company entered into the following transactions with related parties:
Interest charged on directors loan accounts - 2024 - Nil (2023 - Nil)
Balance owed by/(owed to) - 2024 - £1,841 (2023 - Nil)
Interest charged and loan to a company where a director has an interest -
Transaction value - 2024 - £1,736 (2023 - £1,736)
Balance owed by/(owed to) - 2024 - £65,100 (2023 - £65,100)
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