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 02478035 Mr Nicholas Perris Mr Nicholas Perris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02478035 2023-03-31 02478035 2024-03-31 02478035 2023-04-01 2024-03-31 02478035 frs-core:PlantMachinery 2023-04-01 2024-03-31 02478035 frs-core:ShareCapital 2024-03-31 02478035 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 02478035 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02478035 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 02478035 frs-bus:SmallEntities 2023-04-01 2024-03-31 02478035 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02478035 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02478035 frs-bus:Director1 2023-04-01 2024-03-31 02478035 frs-bus:Director1 2023-03-31 02478035 frs-bus:Director1 2024-03-31 02478035 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 02478035 frs-countries:EnglandWales 2023-04-01 2024-03-31 02478035 2022-03-31 02478035 2023-03-31 02478035 2022-04-01 2023-03-31 02478035 frs-core:ShareCapital 2023-03-31 02478035 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 02478035
N M Perris & Co Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 02478035
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,584 15,680
12,584 15,680
CURRENT ASSETS
Debtors 438,788 231,395
Cash at bank and in hand 113,048 217,817
551,836 449,212
Creditors: Amounts Falling Due Within One Year (198,262 ) (210,149 )
NET CURRENT ASSETS (LIABILITIES) 353,574 239,063
TOTAL ASSETS LESS CURRENT LIABILITIES 366,158 254,743
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,979 ) (2,979 )
NET ASSETS 363,179 251,764
CAPITAL AND RESERVES
Called up share capital 5 1,100 1,100
Profit and Loss Account 362,079 250,664
SHAREHOLDERS' FUNDS 363,179 251,764
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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 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.
All of the company's members have consented to the preparation of 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 Nicholas Perris
Director
23/10/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
N M Perris & Co Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02478035 . The registered office is The Quorum, Bond St South, Bristol, BS1 3AE.
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 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.
2.3. 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 25% 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 12)
11 12
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4. Tangible Assets
Total
£
Cost
As at 1 April 2023 64,556
Additions 883
As at 31 March 2024 65,439
Depreciation
As at 1 April 2023 48,876
Provided during the period 3,979
As at 31 March 2024 52,855
Net Book Value
As at 31 March 2024 12,584
As at 1 April 2023 15,680
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,100 1,100
6. 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 Nicholas Perris - 262,273 - - -
The above loan is unsecured, interest free and repayable on demand.
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