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 08353448 Mr Ashok Gadher iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08353448 2023-01-31 08353448 2024-01-31 08353448 2023-02-01 2024-01-31 08353448 frs-core:CurrentFinancialInstruments 2024-01-31 08353448 frs-core:FurnitureFittings 2024-01-31 08353448 frs-core:FurnitureFittings 2023-02-01 2024-01-31 08353448 frs-core:FurnitureFittings 2023-01-31 08353448 frs-core:ShareCapital 2024-01-31 08353448 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08353448 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08353448 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 08353448 frs-bus:SmallEntities 2023-02-01 2024-01-31 08353448 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08353448 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08353448 frs-bus:Director1 2023-02-01 2024-01-31 08353448 frs-countries:EnglandWales 2023-02-01 2024-01-31 08353448 2022-01-31 08353448 2023-01-31 08353448 2022-02-01 2023-01-31 08353448 frs-core:CurrentFinancialInstruments 2023-01-31 08353448 frs-core:ShareCapital 2023-01-31 08353448 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 08353448
Low Cost Price Fabrics Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Alderton Accountancy Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08353448
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 214 268
214 268
CURRENT ASSETS
Debtors 5 3,250 3,250
Cash at bank and in hand 4,232 5,742
7,482 8,992
Creditors: Amounts Falling Due Within One Year 6 (2,216 ) (3,814 )
NET CURRENT ASSETS (LIABILITIES) 5,266 5,178
TOTAL ASSETS LESS CURRENT LIABILITIES 5,480 5,446
NET ASSETS 5,480 5,446
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 5,380 5,346
SHAREHOLDERS' FUNDS 5,480 5,446
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Ashok Gadher
Director
29/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Low Cost Price Fabrics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08353448 . The registered office is 962 Eastern Avenue, Newbury Park, Ilford, Essex, IG2 7JD.
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:
Fixtures & Fittings 20% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 February 2023 2,500
As at 31 January 2024 2,500
Depreciation
As at 1 February 2023 2,232
Provided during the period 54
As at 31 January 2024 2,286
Net Book Value
As at 31 January 2024 214
As at 1 February 2023 268
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 3,250 3,250
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,800 2,388
Taxation and social security 416 1,426
2,216 3,814
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4