Acorah Software Products - Accounts Production 16.0.110 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 05129237 M Fenwick B Fenwick B Fenwick iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05129237 2023-05-31 05129237 2024-05-31 05129237 2023-06-01 2024-05-31 05129237 frs-core:CurrentFinancialInstruments 2024-05-31 05129237 frs-core:Non-currentFinancialInstruments 2024-05-31 05129237 frs-core:ComputerEquipment 2024-05-31 05129237 frs-core:ComputerEquipment 2023-06-01 2024-05-31 05129237 frs-core:ComputerEquipment 2023-05-31 05129237 frs-core:FurnitureFittings 2024-05-31 05129237 frs-core:FurnitureFittings 2023-06-01 2024-05-31 05129237 frs-core:FurnitureFittings 2023-05-31 05129237 frs-core:ShareCapital 2024-05-31 05129237 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 05129237 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 05129237 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 05129237 frs-bus:SmallEntities 2023-06-01 2024-05-31 05129237 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 05129237 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 05129237 frs-bus:Director1 2023-06-01 2024-05-31 05129237 frs-bus:Director2 2023-06-01 2024-05-31 05129237 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 05129237 frs-countries:EnglandWales 2023-06-01 2024-05-31 05129237 2022-05-31 05129237 2023-05-31 05129237 2022-06-01 2023-05-31 05129237 frs-core:CurrentFinancialInstruments 2023-05-31 05129237 frs-core:Non-currentFinancialInstruments 2023-05-31 05129237 frs-core:ShareCapital 2023-05-31 05129237 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 05129237
Fenwick Commercial Services Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Naylor Accountancy Services Limited
25 Hursley Road
Chandler's Ford
Eastleigh
Hampshire
SO53 2FS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05129237
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,727 1,930
2,727 1,930
CURRENT ASSETS
Debtors 5 12,240 -
Cash at bank and in hand 18,182 37,596
30,422 37,596
Creditors: Amounts Falling Due Within One Year 6 (25,896 ) (18,567 )
NET CURRENT ASSETS (LIABILITIES) 4,526 19,029
TOTAL ASSETS LESS CURRENT LIABILITIES 7,253 20,959
Creditors: Amounts Falling Due After More Than One Year 7 (6,333 ) (10,333 )
NET ASSETS 920 10,626
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 820 10,526
SHAREHOLDERS' FUNDS 920 10,626
Page 1
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For the year ending 31 May 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
M Fenwick
Director
18th October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Fenwick Commercial Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05129237 . The registered office is 25 Hursley Road, Chandler's Ford, Eastleigh, Hampshire, SO53 2FS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These  financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small comapnies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statemetn are rounded to the nearest £.
The financial statemetns have been prepared under the historical cost convention.  The principal policies are set out below.
2.2. Turnover
Turnover is recognised  at the fair value of the consideration received or receivable for goods or services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discouns and volume rebates.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. 
Depreciation is recognised so as  to write off the cost or valuation of  assets  less their  residual values  over their  useful lives on the following bases:
Fixtures & Fittings 3 years straight line
Computer Equipment 3 years straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
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 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.
2.5. Pensions
Payments to defined conribution retirement benefit schemes are charged as an expense as they fall due.
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2.6. Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call wth banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in curent liabilities.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in porfit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
2.7. Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 4,746 5,902 10,648
Additions 1,574 945 2,519
As at 31 May 2024 6,320 6,847 13,167
Depreciation
As at 1 June 2023 4,587 4,131 8,718
Provided during the period 358 1,364 1,722
As at 31 May 2024 4,945 5,495 10,440
Net Book Value
As at 31 May 2024 1,375 1,352 2,727
As at 1 June 2023 159 1,771 1,930
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 12,240 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 4,000 4,000
Other creditors 2,898 3,617
Taxation and social security 18,998 10,950
25,896 18,567
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,333 10,333
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8. Deferred Taxation
The provision for deferred tax is made up as follows:
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 67,000 24,000
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