Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 02692140 Mr Neil Cousins Mrs Dawn Cousins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02692140 2023-01-31 02692140 2024-01-31 02692140 2023-02-01 2024-01-31 02692140 frs-core:Non-currentFinancialInstruments 2024-01-31 02692140 frs-core:ComputerEquipment 2023-02-01 2024-01-31 02692140 frs-core:MotorVehicles 2023-02-01 2024-01-31 02692140 frs-core:PlantMachinery 2023-02-01 2024-01-31 02692140 frs-core:ShareCapital 2024-01-31 02692140 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 02692140 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 02692140 frs-bus:AbridgedAccounts 2023-02-01 2024-01-31 02692140 frs-bus:SmallEntities 2023-02-01 2024-01-31 02692140 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 02692140 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 02692140 frs-bus:Director1 2023-02-01 2024-01-31 02692140 frs-bus:Director2 2023-02-01 2024-01-31 02692140 frs-countries:EnglandWales 2023-02-01 2024-01-31 02692140 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-01-31 02692140 2022-01-31 02692140 2023-01-31 02692140 2022-02-01 2023-01-31 02692140 frs-core:Non-currentFinancialInstruments 2023-01-31 02692140 frs-core:ShareCapital 2023-01-31 02692140 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 02692140
Art Decorators Nationwide Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 January 2024
Newtons Accountants Limited
Chartered Certified Accountants
470 Hucknall Road
Nottingham
Nottinghamshire
NG5 1FX
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 02692140
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,151 14,091
10,151 14,091
CURRENT ASSETS
Stocks 2,000 1,200
Debtors 31,457 79,600
Cash at bank and in hand 115,519 96,936
148,976 177,736
Creditors: Amounts Falling Due Within One Year (27,393 ) (47,977 )
NET CURRENT ASSETS (LIABILITIES) 121,583 129,759
TOTAL ASSETS LESS CURRENT LIABILITIES 131,734 143,850
Creditors: Amounts Falling Due After More Than One Year 5 (28,769 ) (34,197 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,929 ) (2,677 )
NET ASSETS 101,036 106,976
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 100,936 106,876
SHAREHOLDERS' FUNDS 101,036 106,976
Page 1
Page 2
For the year ending 31 January 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 January 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Dawn Cousins
Director
28/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Art Decorators Nationwide Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02692140 . The registered office is 470 Hucknall Road, Nottingham, Nottinghamshire, NG5 1FX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

2.3. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 33% straight line
2.4. Stocks and Work in Progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
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2.5. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

2.6. Pensions
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

2.7. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
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4. Tangible Assets
Total
£
Cost
As at 1 February 2023 29,440
Additions 128
As at 31 January 2024 29,568
Depreciation
As at 1 February 2023 15,349
Provided during the period 4,068
As at 31 January 2024 19,417
Net Book Value
As at 31 January 2024 10,151
As at 1 February 2023 14,091
5. Creditors: amounts falling due after five years
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans - 13,561
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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