Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 13208772 Mr Christopher Broad iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13208772 2023-02-28 13208772 2024-02-29 13208772 2023-03-01 2024-02-29 13208772 frs-core:CurrentFinancialInstruments 2024-02-29 13208772 frs-core:Non-currentFinancialInstruments 2024-02-29 13208772 frs-core:BetweenOneFiveYears 2024-02-29 13208772 frs-core:FurnitureFittings 2024-02-29 13208772 frs-core:FurnitureFittings 2023-03-01 2024-02-29 13208772 frs-core:FurnitureFittings 2023-02-28 13208772 frs-core:MotorVehicles 2024-02-29 13208772 frs-core:MotorVehicles 2023-03-01 2024-02-29 13208772 frs-core:MotorVehicles 2023-02-28 13208772 frs-core:PlantMachinery 2024-02-29 13208772 frs-core:PlantMachinery 2023-03-01 2024-02-29 13208772 frs-core:PlantMachinery 2023-02-28 13208772 frs-core:ShareCapital 2024-02-29 13208772 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 13208772 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13208772 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 13208772 frs-bus:SmallEntities 2023-03-01 2024-02-29 13208772 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13208772 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13208772 frs-bus:Director1 2023-03-01 2024-02-29 13208772 frs-countries:EnglandWales 2023-03-01 2024-02-29 13208772 2022-02-28 13208772 2023-02-28 13208772 2022-03-01 2023-02-28 13208772 frs-core:CurrentFinancialInstruments 2023-02-28 13208772 frs-core:Non-currentFinancialInstruments 2023-02-28 13208772 frs-core:BetweenOneFiveYears 2023-02-28 13208772 frs-core:ShareCapital 2023-02-28 13208772 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 13208772
C.O Flooring Ltd
Financial Statements
For The Year Ended 29 February 2024
South West Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13208772
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,970 34,110
27,970 34,110
CURRENT ASSETS
Debtors 5 - 1,019
Cash at bank and in hand 58 547
58 1,566
Creditors: Amounts Falling Due Within One Year 6 (36,724 ) (42,771 )
NET CURRENT ASSETS (LIABILITIES) (36,666 ) (41,205 )
TOTAL ASSETS LESS CURRENT LIABILITIES (8,696 ) (7,095 )
Creditors: Amounts Falling Due After More Than One Year 7 (8,440 ) (11,376 )
NET LIABILITIES (17,136 ) (18,471 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (17,137 ) (18,472 )
SHAREHOLDERS' FUNDS (17,136) (18,471)
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For the year ending 29 February 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 Christopher Broad
Director
4th November 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
C.O Flooring Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13208772 . The registered office is Flat 2 Orchard Mews , Orchard Road , Hele, Torquay , Devon , TQ2 7PW.
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 18% Reducing Balance
Motor Vehicles 18% Reducing Balance
Fixtures & Fittings 18% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 March 2023 5,000 35,800 799 41,599
As at 29 February 2024 5,000 35,800 799 41,599
Depreciation
As at 1 March 2023 900 6,444 145 7,489
Provided during the period 738 5,284 118 6,140
As at 29 February 2024 1,638 11,728 263 13,629
Net Book Value
As at 29 February 2024 3,362 24,072 536 27,970
As at 1 March 2023 4,100 29,356 654 34,110
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 1,019
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 960 480
Director's loan account 35,764 42,291
36,724 42,771
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,440 11,376
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 8,440 11,376
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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