Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 04611963 Mrs Nancy Burrows Mr Paul Burrows Mr Thomas Burrows iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04611963 2023-01-31 04611963 2024-01-31 04611963 2023-02-01 2024-01-31 04611963 frs-core:CurrentFinancialInstruments 2024-01-31 04611963 frs-core:Non-currentFinancialInstruments 2024-01-31 04611963 frs-core:ComputerEquipment 2024-01-31 04611963 frs-core:ComputerEquipment 2023-02-01 2024-01-31 04611963 frs-core:ComputerEquipment 2023-01-31 04611963 frs-core:FurnitureFittings 2024-01-31 04611963 frs-core:FurnitureFittings 2023-02-01 2024-01-31 04611963 frs-core:FurnitureFittings 2023-01-31 04611963 frs-core:NetGoodwill 2024-01-31 04611963 frs-core:NetGoodwill 2023-02-01 2024-01-31 04611963 frs-core:NetGoodwill 2023-01-31 04611963 frs-core:MotorVehicles 2024-01-31 04611963 frs-core:MotorVehicles 2023-02-01 2024-01-31 04611963 frs-core:MotorVehicles 2023-01-31 04611963 frs-core:PlantMachinery 2024-01-31 04611963 frs-core:PlantMachinery 2023-02-01 2024-01-31 04611963 frs-core:PlantMachinery 2023-01-31 04611963 frs-core:ShareCapital 2024-01-31 04611963 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 04611963 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04611963 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 04611963 frs-bus:SmallEntities 2023-02-01 2024-01-31 04611963 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 04611963 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 04611963 frs-bus:Director1 2023-02-01 2024-01-31 04611963 frs-bus:Director2 2023-02-01 2024-01-31 04611963 frs-bus:Director3 2023-02-01 2024-01-31 04611963 frs-core:CurrentFinancialInstruments 1 2024-01-31 04611963 frs-core:CurrentFinancialInstruments 4 2024-01-31 04611963 frs-countries:EnglandWales 2023-02-01 2024-01-31 04611963 2022-01-31 04611963 2023-01-31 04611963 2022-02-01 2023-01-31 04611963 frs-core:CurrentFinancialInstruments 2023-01-31 04611963 frs-core:Non-currentFinancialInstruments 2023-01-31 04611963 frs-core:ShareCapital 2023-01-31 04611963 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 04611963 frs-core:CurrentFinancialInstruments 1 2023-01-31 04611963 frs-core:CurrentFinancialInstruments 4 2023-01-31
Registered number: 04611963
N & P Burrows Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Turnerwarran
Glanford House
Bridge Street
Brigg
North Lincolnshire
DN20 8NF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04611963
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 59,020 41,057
59,020 41,057
CURRENT ASSETS
Stocks 6 315,000 302,068
Debtors 7 88,492 90,949
Cash at bank and in hand 17,382 26,222
420,874 419,239
Creditors: Amounts Falling Due Within One Year 8 (135,227 ) (65,247 )
NET CURRENT ASSETS (LIABILITIES) 285,647 353,992
TOTAL ASSETS LESS CURRENT LIABILITIES 344,667 395,049
Creditors: Amounts Falling Due After More Than One Year 9 (136,104 ) (211,297 )
NET ASSETS 208,563 183,752
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 207,563 182,752
SHAREHOLDERS' FUNDS 208,563 183,752
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
Mr Paul Burrows
Director
24/10/2024
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
N & P Burrows Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04611963 . The registered office is Inglewood House, North Moor Road, Messingham, Scunthorpe, DN17 3PY.
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:
Plant & Machinery 15% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 15% Reducing balance
Computer Equipment 20% Straight line
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. 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.
...CONTINUED
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2.6. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 50,000
As at 31 January 2024 50,000
Amortisation
As at 1 February 2023 50,000
As at 31 January 2024 50,000
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2023 36,654 7,604 101,271 1,185 146,714
Additions - 27,083 - 291 27,374
As at 31 January 2024 36,654 34,687 101,271 1,476 174,088
Depreciation
As at 1 February 2023 30,578 7,179 67,602 298 105,657
Provided during the period 912 3,210 5,050 239 9,411
As at 31 January 2024 31,490 10,389 72,652 537 115,068
Net Book Value
As at 31 January 2024 5,164 24,298 28,619 939 59,020
As at 1 February 2023 6,076 425 33,669 887 41,057
6. Stocks
2024 2023
£ £
Finished goods 315,000 302,068
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Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 71,017 80,561
Prepayments and accrued income - 628
VAT 17,475 9,760
88,492 90,949
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 62,066 28,004
Bank loans and overdrafts 15,000 15,000
Corporation tax 1,606 17,178
Other taxes and social security 463 409
Credit card 2,734 1,200
Other creditors (1) 3,340 3,340
Other creditors (4) 49,868 -
Accruals and deferred income 150 116
135,227 65,247
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 21,650 36,465
Directors loan account - 4,435
Directors loan account- N Burrows (Long term liabilities - creditors > 1 year) 114,454 170,397
136,104 211,297
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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