Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 04662495 Mr David Hallack Mr Trevor Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04662495 2023-03-31 04662495 2024-03-31 04662495 2023-04-01 2024-03-31 04662495 frs-core:CurrentFinancialInstruments 2024-03-31 04662495 frs-core:Non-currentFinancialInstruments 2024-03-31 04662495 frs-core:BetweenOneFiveYears 2024-03-31 04662495 frs-core:FurnitureFittings 2024-03-31 04662495 frs-core:FurnitureFittings 2023-04-01 2024-03-31 04662495 frs-core:FurnitureFittings 2023-03-31 04662495 frs-core:NetGoodwill 2024-03-31 04662495 frs-core:NetGoodwill 2023-04-01 2024-03-31 04662495 frs-core:NetGoodwill 2023-03-31 04662495 frs-core:MotorVehicles 2024-03-31 04662495 frs-core:MotorVehicles 2023-04-01 2024-03-31 04662495 frs-core:MotorVehicles 2023-03-31 04662495 frs-core:PlantMachinery 2024-03-31 04662495 frs-core:PlantMachinery 2023-04-01 2024-03-31 04662495 frs-core:PlantMachinery 2023-03-31 04662495 frs-core:WithinOneYear 2024-03-31 04662495 frs-core:ShareCapital 2024-03-31 04662495 frs-core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 04662495 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04662495 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04662495 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04662495 frs-bus:SmallEntities 2023-04-01 2024-03-31 04662495 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04662495 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04662495 frs-bus:Director1 2023-04-01 2024-03-31 04662495 frs-bus:Director2 2023-04-01 2024-03-31 04662495 frs-countries:EnglandWales 2023-04-01 2024-03-31 04662495 2022-03-31 04662495 2023-03-31 04662495 2022-04-01 2023-03-31 04662495 frs-core:CurrentFinancialInstruments 2023-03-31 04662495 frs-core:Non-currentFinancialInstruments 2023-03-31 04662495 frs-core:BetweenOneFiveYears 2023-03-31 04662495 frs-core:WithinOneYear 2023-03-31 04662495 frs-core:ShareCapital 2022-03-31 04662495 frs-core:ShareCapital 2023-03-31 04662495 frs-core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 04662495 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-03-31 04662495 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 04662495
Four Seasons Transfers Limited
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 04662495
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 60,557 49,980
60,557 49,980
CURRENT ASSETS
Debtors 6 91,649 70,278
Cash at bank and in hand 57,718 80,626
149,367 150,904
Creditors: Amounts Falling Due Within One Year 7 (118,298 ) (94,347 )
NET CURRENT ASSETS (LIABILITIES) 31,069 56,557
TOTAL ASSETS LESS CURRENT LIABILITIES 91,626 106,537
Creditors: Amounts Falling Due After More Than One Year 8 (41,918 ) (78,769 )
NET ASSETS 49,708 27,768
CAPITAL AND RESERVES
Called up share capital 10 120 120
Profit and Loss Account 49,588 27,648
SHAREHOLDERS' FUNDS 49,708 27,768
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 Profit and Loss Account.
On behalf of the board
Mr David Hallack
Director
6 November 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 April 2022 120 5,354 5,474
Profit for the year and total comprehensive income - 45,694 45,694
Dividends paid - (23,400) (23,400)
As at 31 March 2023 and 1 April 2023 120 27,648 27,768
Profit for the year and total comprehensive income - 56,940 56,940
Dividends paid - (35,000) (35,000)
As at 31 March 2024 120 49,588 49,708
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Four Seasons Transfers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04662495 . The registered office is 16 Queen Street, Ilkeston, Derbyshire, DE7 5GT.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. 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% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 25% straight line
2.5. 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.
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2.6. 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 year was: 23 (2023: 23)
23 23
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 8,000
As at 31 March 2024 8,000
Amortisation
As at 1 April 2023 8,000
As at 31 March 2024 8,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 118 192,195 9,697 202,010
Additions - 32,746 - 32,746
Disposals - (20,750 ) - (20,750 )
As at 31 March 2024 118 204,191 9,697 214,006
Depreciation
As at 1 April 2023 118 143,249 8,663 152,030
Provided during the period - 21,885 284 22,169
Disposals - (20,750 ) - (20,750 )
As at 31 March 2024 118 144,384 8,947 153,449
Net Book Value
As at 31 March 2024 - 59,807 750 60,557
As at 1 April 2023 - 48,946 1,034 49,980
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 91,649 70,248
Other debtors - 30
91,649 70,278
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,000 15,444
Trade creditors 19,184 9,878
Bank loans and overdrafts 32,777 29,256
Corporation tax 14,050 2,281
Other taxes and social security 33,443 30,930
Other creditors 4,844 6,558
118,298 94,347
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,667 10,250
Bank loans 35,251 68,519
41,918 78,769
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 14,000 15,444
Later than one year and not later than five years 6,667 10,250
20,667 25,694
20,667 25,694
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 120 120
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