Acorah Software Products - Accounts Production 16.0.110 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 12025235 Mr Shaun Prince iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12025235 2023-05-31 12025235 2024-05-31 12025235 2023-06-01 2024-05-31 12025235 frs-core:CurrentFinancialInstruments 2024-05-31 12025235 frs-core:Non-currentFinancialInstruments 2024-05-31 12025235 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 12025235 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 12025235 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 12025235 frs-core:ShareCapital 2024-05-31 12025235 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 12025235 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12025235 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 12025235 frs-bus:SmallEntities 2023-06-01 2024-05-31 12025235 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12025235 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12025235 frs-bus:Director1 2023-06-01 2024-05-31 12025235 frs-countries:EnglandWales 2023-06-01 2024-05-31 12025235 2022-05-31 12025235 2023-05-31 12025235 2022-06-01 2023-05-31 12025235 frs-core:CurrentFinancialInstruments 2023-05-31 12025235 frs-core:Non-currentFinancialInstruments 2023-05-31 12025235 frs-core:ShareCapital 2023-05-31 12025235 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 12025235
SRP BUILDING LTD
Unaudited Financial Statements
For The Year Ended 31 May 2024
The Online Accountant
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12025235
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 318,353 318,353
318,353 318,353
CURRENT ASSETS
Cash at bank and in hand 1,665 76
1,665 76
Creditors: Amounts Falling Due Within One Year 6 (720 ) (721 )
NET CURRENT ASSETS (LIABILITIES) 945 (645 )
TOTAL ASSETS LESS CURRENT LIABILITIES 319,298 317,708
Creditors: Amounts Falling Due After More Than One Year 7 (366,098 ) (364,518 )
NET LIABILITIES (46,800 ) (46,810 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (46,801 ) (46,811 )
SHAREHOLDERS' FUNDS (46,800) (46,810)
Page 1
Page 2
For the year ending 31 May 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 Shaun Prince
Director
14/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SRP BUILDING LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12025235 . The registered office is The Old Police House Roman Way, Dordon, Tamworth, United Kingdom, B78 1RD.
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:
Freehold 25% on cost
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 June 2023 318,353
As at 31 May 2024 318,353
Net Book Value
As at 31 May 2024 318,353
As at 1 June 2023 318,353
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts - 1
Accruals and deferred income 720 720
720 721
Page 3
Page 4
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 223,594 222,406
Directors loan account 142,504 142,112
366,098 364,518
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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