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 05487817 K D Duckenfield C A Robinson C A Robinson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05487817 2023-01-31 05487817 2024-01-31 05487817 2023-02-01 2024-01-31 05487817 frs-core:CurrentFinancialInstruments 2024-01-31 05487817 frs-core:ComputerEquipment 2024-01-31 05487817 frs-core:ComputerEquipment 2023-02-01 2024-01-31 05487817 frs-core:ComputerEquipment 2023-01-31 05487817 frs-core:FurnitureFittings 2024-01-31 05487817 frs-core:FurnitureFittings 2023-02-01 2024-01-31 05487817 frs-core:FurnitureFittings 2023-01-31 05487817 frs-core:PlantMachinery 2024-01-31 05487817 frs-core:PlantMachinery 2023-02-01 2024-01-31 05487817 frs-core:PlantMachinery 2023-01-31 05487817 frs-core:ShareCapital 2024-01-31 05487817 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 05487817 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05487817 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 05487817 frs-bus:SmallEntities 2023-02-01 2024-01-31 05487817 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05487817 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 05487817 frs-bus:Director1 2023-02-01 2024-01-31 05487817 frs-bus:Director2 2023-02-01 2024-01-31 05487817 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 05487817 frs-countries:EnglandWales 2023-02-01 2024-01-31 05487817 2022-01-31 05487817 2023-01-31 05487817 2022-02-01 2023-01-31 05487817 frs-core:CurrentFinancialInstruments 2023-01-31 05487817 frs-core:ShareCapital 2023-01-31 05487817 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 05487817
Aberford Kitchens Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 05487817
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 36,876 48,186
36,876 48,186
CURRENT ASSETS
Stocks 5 237,698 241,270
Debtors 6 9,175 37,824
Cash at bank and in hand 474,993 379,365
721,866 658,459
Creditors: Amounts Falling Due Within One Year 7 (344,211 ) (361,854 )
NET CURRENT ASSETS (LIABILITIES) 377,655 296,605
TOTAL ASSETS LESS CURRENT LIABILITIES 414,531 344,791
NET ASSETS 414,531 344,791
CAPITAL AND RESERVES
Called up share capital 8 102 102
Profit and Loss Account 414,429 344,689
SHAREHOLDERS' FUNDS 414,531 344,791
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.
The financial statements were approved by the board of directors on 30 October 2024 and were signed on its behalf by:
C A Robinson
Director
30 October 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Aberford Kitchens Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05487817 . The registered office is Hicklam House, Aberford, Leeds, LS25 3DP.
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:
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. 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.
2.5. 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.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: 16)
14 16
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 13,138 205,401 39,304 257,843
Additions 151 - 830 981
As at 31 January 2024 13,289 205,401 40,134 258,824
Depreciation
As at 1 February 2023 6,931 168,615 34,111 209,657
Provided during the period 1,589 9,197 1,505 12,291
As at 31 January 2024 8,520 177,812 35,616 221,948
Net Book Value
As at 31 January 2024 4,769 27,589 4,518 36,876
As at 1 February 2023 6,207 36,786 5,193 48,186
5. Stocks
2024 2023
£ £
Stock 237,698 241,270
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,685 35,523
Other debtors 2,490 2,301
9,175 37,824
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 33,497 69,604
Bank loans and overdrafts - 9,167
Other creditors 254,376 210,751
Taxation and social security 56,338 72,332
344,211 361,854
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 102 102
Page 3