Acorah Software Products - Accounts Production 16.0.110 false true 31 October 2022 1 November 2021 false 1 November 2022 31 March 2024 31 March 2024 12239337 Mr Stephen Bollard iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12239337 2022-10-31 12239337 2024-03-31 12239337 2022-11-01 2024-03-31 12239337 frs-core:CurrentFinancialInstruments 2024-03-31 12239337 frs-core:Non-currentFinancialInstruments 2024-03-31 12239337 frs-core:NetGoodwill 2024-03-31 12239337 frs-core:NetGoodwill 2022-11-01 2024-03-31 12239337 frs-core:NetGoodwill 2022-10-31 12239337 frs-core:MotorVehicles 2024-03-31 12239337 frs-core:MotorVehicles 2022-11-01 2024-03-31 12239337 frs-core:MotorVehicles 2022-10-31 12239337 frs-core:PlantMachinery 2024-03-31 12239337 frs-core:PlantMachinery 2022-11-01 2024-03-31 12239337 frs-core:PlantMachinery 2022-10-31 12239337 frs-core:ShareCapital 2024-03-31 12239337 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12239337 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2024-03-31 12239337 frs-bus:FilletedAccounts 2022-11-01 2024-03-31 12239337 frs-bus:SmallEntities 2022-11-01 2024-03-31 12239337 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2024-03-31 12239337 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2024-03-31 12239337 frs-core:UnlistedNon-exchangeTraded 2024-03-31 12239337 frs-core:UnlistedNon-exchangeTraded 2022-10-31 12239337 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-10-31 12239337 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 12239337 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 12239337 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-10-31 12239337 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 12239337 frs-bus:Director1 2022-11-01 2024-03-31 12239337 frs-countries:EnglandWales 2022-11-01 2024-03-31 12239337 2021-10-31 12239337 2022-10-31 12239337 2021-11-01 2022-10-31 12239337 frs-core:CurrentFinancialInstruments 2022-10-31 12239337 frs-core:Non-currentFinancialInstruments 2022-10-31 12239337 frs-core:ShareCapital 2022-10-31 12239337 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 12239337
Norbury Foods Limited
Financial Statements
For the Period 1 November 2022 to 31 March 2024
Leathley & Co - Poynton Office
Park Lane Business Centre
78 Park Lane
Poynton
Cheshire
SK12 1RE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12239337
31 March 2024 31 October 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,000 3,000
Tangible Assets 5 25,268 29,889
Investments 6 22,000 30,000
50,268 62,889
CURRENT ASSETS
Stocks 7 40,000 16,189
Debtors 8 128,500 138,403
Cash at bank and in hand 81,783 77,093
250,283 231,685
Creditors: Amounts Falling Due Within One Year 9 (78,818 ) (10,199 )
NET CURRENT ASSETS (LIABILITIES) 171,465 221,486
TOTAL ASSETS LESS CURRENT LIABILITIES 221,733 284,375
Creditors: Amounts Falling Due After More Than One Year 10 (33,004 ) (100,414 )
NET ASSETS 188,729 183,961
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 188,727 183,959
SHAREHOLDERS' FUNDS 188,729 183,961
Page 1
Page 2
For the period 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 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 Stephen Bollard
Director
01/11/2024
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
Norbury Foods Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12239337 . The registered office is 9 Jacksons Edge Road, Disley, Stockport, SK12 2JE.
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.
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 ten 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 15% reducing balance basis
Motor Vehicles 25% reducing balance basis
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
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. Taxable profit differs from profit 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.
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 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 profit or loss, 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 period was: 4 (2022: 4)
4 4
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 5,000
As at 31 March 2024 5,000
Amortisation
As at 1 November 2022 2,000
As at 31 March 2024 2,000
Net Book Value
As at 31 March 2024 3,000
As at 1 November 2022 3,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 November 2022 44,260 3,250 47,510
As at 31 March 2024 44,260 3,250 47,510
Depreciation
As at 1 November 2022 15,743 1,878 17,621
Provided during the period 4,278 343 4,621
As at 31 March 2024 20,021 2,221 22,242
Net Book Value
As at 31 March 2024 24,239 1,029 25,268
As at 1 November 2022 28,517 1,372 29,889
6. Investments
Unlisted
£
Cost
As at 1 November 2022 30,000
Disposals (8,000 )
As at 31 March 2024 22,000
Provision
As at 1 November 2022 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 22,000
As at 1 November 2022 30,000
Page 4
Page 5
7. Stocks
31 March 2024 31 October 2022
£ £
Stock on hand 40,000 16,189
8. Debtors
31 March 2024 31 October 2022
£ £
Due within one year
Trade debtors 121,089 136,146
VAT 7,411 2,257
128,500 138,403
9. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 October 2022
£ £
Trade creditors 3,137 (38,469 )
Bank loans and overdrafts 64,376 43,750
Corporation tax 15,853 10,577
Other taxes and social security 813 -
Other creditors (5,785 ) (5,669 )
Director's loan account 424 10
78,818 10,199
10. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 October 2022
£ £
Bank loans 33,004 100,414
11. Share Capital
31 March 2024 31 October 2022
£ £
Allotted, Called up and fully paid 2 2
Page 5