Acorah Software Products - Accounts Production 16.0.110 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 08213913 Mr Steven Beane iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08213913 2023-09-30 08213913 2024-09-30 08213913 2023-10-01 2024-09-30 08213913 frs-core:CurrentFinancialInstruments 2024-09-30 08213913 frs-core:NetGoodwill 2024-09-30 08213913 frs-core:NetGoodwill 2023-10-01 2024-09-30 08213913 frs-core:NetGoodwill 2023-09-30 08213913 frs-core:MotorVehicles 2024-09-30 08213913 frs-core:MotorVehicles 2023-10-01 2024-09-30 08213913 frs-core:MotorVehicles 2023-09-30 08213913 frs-core:PlantMachinery 2024-09-30 08213913 frs-core:PlantMachinery 2023-10-01 2024-09-30 08213913 frs-core:PlantMachinery 2023-09-30 08213913 frs-core:ShareCapital 2024-09-30 08213913 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 08213913 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08213913 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 08213913 frs-bus:SmallEntities 2023-10-01 2024-09-30 08213913 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08213913 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 08213913 frs-bus:Director1 2023-10-01 2024-09-30 08213913 frs-countries:EnglandWales 2023-10-01 2024-09-30 08213913 2022-09-30 08213913 2023-09-30 08213913 2022-10-01 2023-09-30 08213913 frs-core:CurrentFinancialInstruments 2023-09-30 08213913 frs-core:ShareCapital 2023-09-30 08213913 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 08213913
S Beane Farrier Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
LDF Accountancy Services Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08213913
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 12,438 15,277
12,438 15,277
CURRENT ASSETS
Stocks 6 7,053 8,000
Debtors 7 45,983 22,565
Cash at bank and in hand 65,047 77,278
118,083 107,843
Creditors: Amounts Falling Due Within One Year 8 (19,129 ) (19,836 )
NET CURRENT ASSETS (LIABILITIES) 98,954 88,007
TOTAL ASSETS LESS CURRENT LIABILITIES 111,392 103,284
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,363 ) (2,903 )
NET ASSETS 109,029 100,381
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 108,929 100,281
SHAREHOLDERS' FUNDS 109,029 100,381
Page 1
Page 2
For the year ending 30 September 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 Steven Beane
Director
25th October 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
S Beane Farrier Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08213913 . The registered office is Manor Cottage Farm, Trenholme Bar, Northallerton, North Yorkshire, DL6 3JZ.
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 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 25% reducing balance
Motor Vehicles 25% reducing balance
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.
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 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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: 3 (2023: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 11,856
As at 30 September 2024 11,856
Amortisation
As at 1 October 2023 11,856
As at 30 September 2024 11,856
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 October 2023 14,229 26,508 40,737
Additions 1,308 - 1,308
As at 30 September 2024 15,537 26,508 42,045
Depreciation
As at 1 October 2023 10,135 15,325 25,460
Provided during the period 1,351 2,796 4,147
As at 30 September 2024 11,486 18,121 29,607
Net Book Value
As at 30 September 2024 4,051 8,387 12,438
As at 1 October 2023 4,094 11,183 15,277
6. Stocks
2024 2023
£ £
Stock 7,053 8,000
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 9,270 20,612
Other debtors 36,713 1,953
45,983 22,565
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,244 914
Taxation and social security 17,885 18,922
19,129 19,836
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5