Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06681897 Mr Paul Hastings Mr Steven Maxwell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06681897 2023-03-31 06681897 2024-03-31 06681897 2023-04-01 2024-03-31 06681897 frs-core:CurrentFinancialInstruments 2024-03-31 06681897 frs-core:ComputerEquipment 2024-03-31 06681897 frs-core:ComputerEquipment 2023-04-01 2024-03-31 06681897 frs-core:ComputerEquipment 2023-03-31 06681897 frs-core:FurnitureFittings 2024-03-31 06681897 frs-core:FurnitureFittings 2023-04-01 2024-03-31 06681897 frs-core:FurnitureFittings 2023-03-31 06681897 frs-core:MotorVehicles 2023-04-01 2024-03-31 06681897 frs-core:PlantMachinery 2024-03-31 06681897 frs-core:PlantMachinery 2023-04-01 2024-03-31 06681897 frs-core:PlantMachinery 2023-03-31 06681897 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06681897 frs-bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 06681897 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06681897 frs-bus:SmallEntities 2023-04-01 2024-03-31 06681897 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06681897 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06681897 frs-bus:Director1 2023-04-01 2024-03-31 06681897 frs-bus:Director2 2023-04-01 2024-03-31 06681897 frs-countries:EnglandWales 2023-04-01 2024-03-31 06681897 2022-03-31 06681897 2023-03-31 06681897 2022-04-01 2023-03-31 06681897 frs-core:CurrentFinancialInstruments 2023-03-31 06681897 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06681897
Shirebrook Business Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Ben Elliott Accounting Ltd
51 Field Drive
Shirebrook
Mansfield
Notts
NG20 8BT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06681897
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 699 805
699 805
CURRENT ASSETS
Debtors 5 42 46
Cash at bank and in hand 8,101 4,834
8,143 4,880
Creditors: Amounts Falling Due Within One Year 6 (2,311 ) (2,273 )
NET CURRENT ASSETS (LIABILITIES) 5,832 2,607
TOTAL ASSETS LESS CURRENT LIABILITIES 6,531 3,412
NET ASSETS 6,531 3,412
Income and Expenditure Account 6,531 3,412
MEMBERS' FUNDS 6,531 3,412
Page 1
Page 2
For the year ending 31 March 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 Income and Expenditure Account.
On behalf of the board
Mr Paul Hastings
Director
1st November 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
Shirebrook Business Services Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 06681897 . The registered office is Shirebrook Business Centre, Border Road, Mansfield, Notts, NG20 8TB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 stated at cost less depreciation. 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 20% Reducing balance
Fixtures & Fittings 15% Reducing balance
Computer Equipment 33% Straight line
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 surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year 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.
...CONTINUED
Page 3
Page 4
2.4. Taxation - continued
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 surplus. 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 surplus 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 surplus 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 asset reflects 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 surplus or deficit, 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: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 3,886 449 415 4,750
As at 31 March 2024 3,886 449 415 4,750
Depreciation
As at 1 April 2023 3,239 291 415 3,945
Provided during the period 97 9 - 106
As at 31 March 2024 3,336 300 415 4,051
Net Book Value
As at 31 March 2024 550 149 - 699
As at 1 April 2023 647 158 - 805
5. Debtors
2024 2023
£ £
Due within one year
Deferred tax current asset 42 46
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (2 )
Corporation tax 36 -
Other creditors 2,275 2,275
2,311 2,273
Other creditors represent tenant's rent bonds.
7. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 5