Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2024 1 February 2023 false 1 February 2024 5 August 2024 5 August 2024 11135905 Mr A K Drury iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11135905 2024-01-31 11135905 2024-08-05 11135905 2024-02-01 2024-08-05 11135905 frs-core:MotorVehicles 2024-08-05 11135905 frs-core:MotorVehicles 2024-02-01 2024-08-05 11135905 frs-core:MotorVehicles 2024-01-31 11135905 frs-core:PlantMachinery 2024-08-05 11135905 frs-core:PlantMachinery 2024-02-01 2024-08-05 11135905 frs-core:PlantMachinery 2024-01-31 11135905 frs-core:ShareCapital 2024-08-05 11135905 frs-core:RetainedEarningsAccumulatedLosses 2024-08-05 11135905 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2024-08-05 11135905 frs-bus:FilletedAccounts 2024-02-01 2024-08-05 11135905 frs-bus:SmallEntities 2024-02-01 2024-08-05 11135905 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2024-08-05 11135905 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2024-08-05 11135905 frs-bus:Director1 2024-02-01 2024-08-05 11135905 frs-countries:EnglandWales 2024-02-01 2024-08-05 11135905 2023-01-31 11135905 2024-01-31 11135905 2023-02-01 2024-01-31 11135905 frs-core:CurrentFinancialInstruments 2024-01-31 11135905 frs-core:ShareCapital 2024-01-31 11135905 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 11135905
Heritage Gates (Nottingham) Limited
Financial Statements
For the Period 1 February 2024 to 5 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11135905
5 August 2024 31 January 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 6,141
- 6,141
CURRENT ASSETS
Debtors 5 - 3,462
Cash at bank and in hand 100 10,077
100 13,539
Creditors: Amounts Falling Due Within One Year 6 - (4,752 )
NET CURRENT ASSETS (LIABILITIES) 100 8,787
TOTAL ASSETS LESS CURRENT LIABILITIES 100 14,928
PROVISIONS FOR LIABILITIES
Deferred Taxation - (1,167 )
NET ASSETS 100 13,761
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account - 13,661
SHAREHOLDERS' FUNDS 100 13,761
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For the period ending 5 August 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 A K Drury
Director
16 October 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Heritage Gates (Nottingham) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11135905 . The registered office is Suite 5, The Willows, Ransom Wood Business Park, Southwell Road West, Rainworth, Mansfield, Nottinghamshire, NG21 0HJ.
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% on reducing balance
Motor Vehicles 25% on reducing balance
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. 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 period was: 1 (2024: 1)
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 February 2024 7,183 8,500 15,683
Disposals - (8,500 ) (8,500 )
As at 5 August 2024 7,183 - 7,183
Depreciation
As at 1 February 2024 2,891 6,651 9,542
Provided during the period 4,292 231 4,523
Disposals - (6,882 ) (6,882 )
As at 5 August 2024 7,183 - 7,183
Net Book Value
As at 5 August 2024 - - -
As at 1 February 2024 4,292 1,849 6,141
5. Debtors
5 August 2024 31 January 2024
£ £
Due within one year
Trade debtors - 3,030
Other debtors - 432
- 3,462
6. Creditors: Amounts Falling Due Within One Year
5 August 2024 31 January 2024
£ £
Other creditors - 653
Taxation and social security - 4,099
- 4,752
7. Share Capital
5 August 2024 31 January 2024
£ £
Allotted, Called up and fully paid 100 100
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