Acorah Software Products - Accounts Production 16.0.110 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 02074020 Mr Roger LLoyd Mrs Jennifer Lloyd Mrs Jennifer Lloyd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02074020 2023-08-31 02074020 2024-08-31 02074020 2023-09-01 2024-08-31 02074020 frs-core:CurrentFinancialInstruments 2024-08-31 02074020 frs-core:ComputerEquipment 2024-08-31 02074020 frs-core:ComputerEquipment 2023-09-01 2024-08-31 02074020 frs-core:ComputerEquipment 2023-08-31 02074020 frs-core:ShareCapital 2024-08-31 02074020 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 02074020 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 02074020 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 02074020 frs-bus:SmallEntities 2023-09-01 2024-08-31 02074020 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 02074020 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 02074020 frs-bus:Director1 2023-09-01 2024-08-31 02074020 frs-bus:Director2 2023-09-01 2024-08-31 02074020 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 02074020 frs-countries:EnglandWales 2023-09-01 2024-08-31 02074020 2022-08-31 02074020 2023-08-31 02074020 2022-09-01 2023-08-31 02074020 frs-core:CurrentFinancialInstruments 2023-08-31 02074020 frs-core:ShareCapital 2023-08-31 02074020 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 02074020
Perdiswell Bowling Centre Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Anchorage
2 Rydel Mount
37 Bodenham Road
Hereford
HR1 2TP
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 02074020
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 830 106
Investment Properties 5 440,000 440,000
440,830 440,106
CURRENT ASSETS
Debtors 6 - 3,483
Cash at bank and in hand 104,366 58,697
104,366 62,180
Creditors: Amounts Falling Due Within One Year 7 (34,222 ) (9,049 )
NET CURRENT ASSETS (LIABILITIES) 70,144 53,131
TOTAL ASSETS LESS CURRENT LIABILITIES 510,974 493,237
PROVISIONS FOR LIABILITIES
Deferred Taxation (191 ) (20 )
NET ASSETS 510,783 493,217
CAPITAL AND RESERVES
Called up share capital 69,002 69,002
Income Statement 441,781 424,215
SHAREHOLDERS' FUNDS 510,783 493,217
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For the year ending 31 August 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 Statement.
On behalf of the board
Mr Roger LLoyd
Director
31/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Perdiswell Bowling Centre Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02074020 . The registered office is The Workshop, Priors Court Barn, Upper Dormington, Hereford, HR1 4EE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in full 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.
The accounts have been prepared on the historical cost basis, except for the modification to a fair value basis for leasehold land and property, as specified in the accounting policies below.
These financial statements are rpesented in sterling (£).
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 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:
Computer Equipment 33% straight line
Residual values are assessed at the end of each accounting period, and assets are reviewed on an annual basis for any indicators of impairment.
No depreciation is charged in the year of disposal.
2.4. Investment Properties
A policy of revaluation has been adopted with regard to the company's leasehold land and property (investment property). The assets are carried at fair value amount, with changes in value carried directly to the statement of income. Revaluations are carried out on a periodic basis when the directors feel that the carrying value may no longer reflect the assets' fair value.
No depreciation is provided.
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2.5. 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 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.
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 the statement of income, 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.
2.6. Leased assets
Operating lease rentals are charged to the statement of income in equal annual amounts over the period of the lease.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2023 210
Additions 1,099
As at 31 August 2024 1,309
Depreciation
As at 1 September 2023 104
Provided during the period 375
As at 31 August 2024 479
Net Book Value
As at 31 August 2024 830
As at 1 September 2023 106
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5. Investment Property
2024
£
Fair Value
As at 1 September 2023 and 31 August 2024 440,000
The fair value of the investment property has been determined by an independent, professionally-qualified valuer by reference to recent market prices of similar properties in the area.
The potential tax effect of selling the investment property at its carrying value is given in the deferred tax note.
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 3,483
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 20,935 8,108
Other creditors 5 184
Accruals and deferred income 13,282 757
34,222 9,049
8. Other Commitments
At the balance sheet date, the company had the following financial commitments, in addition to those shown on the balance sheet:
Total commitments under non-cancellable operating leases: £44,708 (2023: £59,208).
Lease payments recognised as an expense in the year totalled £14,500 (2023: £14,500).
9. Related Party Transactions
Dividends
During the year, the company became liable for dividends of £33,202 to its directors (2023: £20,751). 
Amounts owed to related parties
At the balance sheet date, the company owed £nil (2023: £180) to one of its directors. This amount is included under 'Other creditors' within 'Creditors: Amounts falling due within one year'.
Transactions not concluded under normal market conditions
During the year, the company paid remuneration of £2,000 (2023: £2,000) to one of its directors for secretarial duties performed.
10. Deferred tax
Tax effect of fair value adjustments
The company's investment property is being carried at fair value, which is below historical cost. No tax liability would arise if the land and property were to be sold at its fair value, and there is therefore no deferred tax provision in these accounts.
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