Acorah Software Products - Accounts Production 16.0.110 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 10901754 Mr Robert Thorpe Mr R Thorpe true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10901754 2023-08-31 10901754 2024-08-31 10901754 2023-09-01 2024-08-31 10901754 frs-core:CurrentFinancialInstruments 2024-08-31 10901754 frs-core:Non-currentFinancialInstruments 2024-08-31 10901754 frs-core:BetweenOneFiveYears 2024-08-31 10901754 frs-core:ComputerEquipment 2024-08-31 10901754 frs-core:ComputerEquipment 2023-09-01 2024-08-31 10901754 frs-core:ComputerEquipment 2023-08-31 10901754 frs-core:MotorVehicles 2024-08-31 10901754 frs-core:MotorVehicles 2023-09-01 2024-08-31 10901754 frs-core:MotorVehicles 2023-08-31 10901754 frs-core:WithinOneYear 2024-08-31 10901754 frs-core:ShareCapital 2024-08-31 10901754 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10901754 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10901754 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10901754 frs-bus:SmallEntities 2023-09-01 2024-08-31 10901754 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10901754 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10901754 1 2023-09-01 2024-08-31 10901754 frs-bus:Director1 2023-09-01 2024-08-31 10901754 frs-bus:Director1 2023-08-31 10901754 frs-bus:Director1 2024-08-31 10901754 frs-countries:EnglandWales 2023-09-01 2024-08-31 10901754 2022-08-31 10901754 2023-08-31 10901754 2022-09-01 2023-08-31 10901754 frs-core:CurrentFinancialInstruments 2023-08-31 10901754 frs-core:Non-currentFinancialInstruments 2023-08-31 10901754 frs-core:BetweenOneFiveYears 2023-08-31 10901754 frs-core:MotorVehicles 2022-09-01 2023-08-31 10901754 frs-core:WithinOneYear 2023-08-31 10901754 frs-core:ShareCapital 2023-08-31 10901754 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 10901754
R . Thorpe Heating And Plumbing Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Brisan Accountancy Ltd
Canada House, First Floor, 20/20 Business Park
Maidstone
Kent
ME16 0LS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10901754
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 38,147 3,050
38,147 3,050
CURRENT ASSETS
Stocks 5 12,500 11,500
Debtors 6 12,901 16,848
Cash at bank and in hand 8,853 20,216
34,254 48,564
Creditors: Amounts Falling Due Within One Year 7 (36,641 ) (66,680 )
NET CURRENT ASSETS (LIABILITIES) (2,387 ) (18,116 )
TOTAL ASSETS LESS CURRENT LIABILITIES 35,760 (15,066 )
Creditors: Amounts Falling Due After More Than One Year 8 (31,262 ) (11,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (7,248 ) -
NET LIABILITIES (2,750 ) (26,066 )
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account (2,850 ) (26,166 )
SHAREHOLDERS' FUNDS (2,750) (26,066)
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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 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 Robert Thorpe
Director
14 November 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
R . Thorpe Heating And Plumbing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10901754 . The registered office is 8 St Mary's Green, Biggin Hill, Kent, TN16 3RA.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern and is able to continue providing financial support to the business for a period of greater than 12 months from the balance sheet date.
2.3. 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 and any uninvoiced services are recognised as accrued income at the balance sheet date. 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.
2.4. 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:
Motor Vehicles 25% reducing balance
Computer Equipment 20% on cost
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.
2.6. 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. 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 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 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 4,590 653 5,243
Additions 40,920 - 40,920
As at 31 August 2024 45,510 653 46,163
Depreciation
As at 1 September 2023 1,932 261 2,193
Provided during the period 5,692 131 5,823
As at 31 August 2024 7,624 392 8,016
Net Book Value
As at 31 August 2024 37,886 261 38,147
As at 1 September 2023 2,658 392 3,050
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 36,146 -
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5. Stocks
2024 2023
£ £
Stock 12,500 11,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,640 730
Prepayments and accrued income 959 11,702
Other debtors - 1,641
Corporation tax recoverable assets - 2,775
VAT 802 -
Other taxes and social security 421 -
Net wages 445 -
Director's loan account 6,455 -
10,722 16,848
Due after more than one year
Corporation tax recoverable assets 2,179 -
12,901 16,848
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,057 -
Trade creditors 480 6,211
Bank loans and overdrafts 6,389 6,000
Corporation tax 2,130 -
Other taxes and social security - 22,454
VAT - 1,831
Other creditors 20,585 12,897
Accruals and deferred income - 720
Director's loan account - 16,567
36,641 66,680
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 26,651 -
Bank loans 4,611 11,000
31,262 11,000
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,389 -
Later than one year and not later than five years 28,662 -
37,051 -
Less: Finance charges allocated to future periods 3,343 -
33,708 -
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 7,248 -
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Directors Advances, Credits and Guarantees
Included within debtors due within one year are the following loans from directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Robert Thorpe (16,567 ) 47,119 24,097 - 6,455
The above loan is unsecured, interest free and repayable on demand.
13. Ultimate Controlling Party
The company's ultimate controlling party is Mr R Thorpe by virtue of his ownership of 100% of the issued share capital in the company.
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