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 10555607 G Staddon Mr A J Staddon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10555607 2023-01-31 10555607 2024-01-31 10555607 2023-02-01 2024-01-31 10555607 frs-core:CurrentFinancialInstruments 2024-01-31 10555607 frs-core:Non-currentFinancialInstruments 2024-01-31 10555607 frs-core:FurnitureFittings 2024-01-31 10555607 frs-core:FurnitureFittings 2023-02-01 2024-01-31 10555607 frs-core:FurnitureFittings 2023-01-31 10555607 frs-core:NetGoodwill 2024-01-31 10555607 frs-core:NetGoodwill 2023-02-01 2024-01-31 10555607 frs-core:NetGoodwill 2023-01-31 10555607 frs-core:MotorVehicles 2024-01-31 10555607 frs-core:MotorVehicles 2023-02-01 2024-01-31 10555607 frs-core:MotorVehicles 2023-01-31 10555607 frs-core:ShareCapital 2024-01-31 10555607 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 10555607 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10555607 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 10555607 frs-bus:SmallEntities 2023-02-01 2024-01-31 10555607 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10555607 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 10555607 frs-bus:Director1 2023-02-01 2024-01-31 10555607 frs-bus:Director2 2023-02-01 2024-01-31 10555607 frs-countries:EnglandWales 2023-02-01 2024-01-31 10555607 2022-01-31 10555607 2023-01-31 10555607 2022-02-01 2023-01-31 10555607 frs-core:CurrentFinancialInstruments 2023-01-31 10555607 frs-core:Non-currentFinancialInstruments 2023-01-31 10555607 frs-core:ShareCapital 2023-01-31 10555607 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 10555607
Blidworth Menswear Ltd
Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10555607
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 10,403 14,827
10,403 14,827
CURRENT ASSETS
Stocks 6 25,681 22,605
Debtors 7 46,771 21,491
Cash at bank and in hand 24,008 94,190
96,460 138,286
Creditors: Amounts Falling Due Within One Year 8 (32,474 ) (50,422 )
NET CURRENT ASSETS (LIABILITIES) 63,986 87,864
TOTAL ASSETS LESS CURRENT LIABILITIES 74,389 102,691
Creditors: Amounts Falling Due After More Than One Year 9 (12,555 ) (21,700 )
NET ASSETS 61,834 80,991
CAPITAL AND RESERVES
Called up share capital 10 101 101
Profit and Loss Account 61,733 80,890
SHAREHOLDERS' FUNDS 61,834 80,991
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.
On behalf of the board
G Staddon
Director
20 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
Blidworth Menswear Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10555607 . The registered office is Suite 6 Enterprise Court, Hamilton Way, Mansfield, Nottinghamshire, NG18 5BU.
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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the 2024 was: 8 (2023: 9)
8 9
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 11,000
As at 31 January 2024 11,000
Amortisation
As at 1 February 2023 11,000
As at 31 January 2024 11,000
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 February 2023 18,250 5,468 23,718
Disposals - (1,276 ) (1,276 )
As at 31 January 2024 18,250 4,192 22,442
Depreciation
As at 1 February 2023 6,559 2,332 8,891
Provided during the period 2,922 545 3,467
Disposals - (319 ) (319 )
As at 31 January 2024 9,481 2,558 12,039
Net Book Value
As at 31 January 2024 8,769 1,634 10,403
As at 1 February 2023 11,691 3,136 14,827
6. Stocks
2024 2023
£ £
Materials 25,681 22,605
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 46,771 21,491
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Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,232 11,253
Bank loans and overdrafts 9,145 8,920
Other creditors 936 5,335
Taxation and social security 6,161 24,914
32,474 50,422
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,555 21,700
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
Page 5