Acorah Software Products - Accounts Production 16.0.110 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 NI070612 Mr Darren Allison Mrs Emma Allison Mr John Allison Mrs Emma Allison true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI070612 2023-04-30 NI070612 2024-04-30 NI070612 2023-05-01 2024-04-30 NI070612 frs-core:CurrentFinancialInstruments 2024-04-30 NI070612 frs-core:ComputerEquipment 2023-05-01 2024-04-30 NI070612 frs-core:FurnitureFittings 2023-05-01 2024-04-30 NI070612 frs-core:LandBuildings 2024-04-30 NI070612 frs-core:LandBuildings 2023-05-01 2024-04-30 NI070612 frs-core:LandBuildings 2023-04-30 NI070612 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 NI070612 frs-core:MotorVehicles 2023-05-01 2024-04-30 NI070612 frs-core:PlantMachinery 2024-04-30 NI070612 frs-core:PlantMachinery 2023-05-01 2024-04-30 NI070612 frs-core:PlantMachinery 2023-04-30 NI070612 frs-core:ShareCapital 2024-04-30 NI070612 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 NI070612 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI070612 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 NI070612 frs-bus:SmallEntities 2023-05-01 2024-04-30 NI070612 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 NI070612 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 NI070612 1 2023-05-01 2024-04-30 NI070612 frs-core:DeferredTaxation 2023-04-30 NI070612 frs-core:DeferredTaxation 2024-04-30 NI070612 frs-bus:Director1 2023-05-01 2024-04-30 NI070612 frs-bus:Director2 2023-05-01 2024-04-30 NI070612 frs-bus:Director3 2023-05-01 2024-04-30 NI070612 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 NI070612 frs-countries:NorthernIreland 2023-05-01 2024-04-30 NI070612 2022-04-30 NI070612 2023-04-30 NI070612 2022-05-01 2023-04-30 NI070612 frs-core:CurrentFinancialInstruments 2023-04-30 NI070612 frs-core:ShareCapital 2023-04-30 NI070612 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: NI070612
Allgo Engineering Supplies Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI070612
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 44,529 27,373
44,529 27,373
CURRENT ASSETS
Stocks 5 85,000 82,500
Debtors 6 118,606 103,973
Cash at bank and in hand 383,625 357,286
587,231 543,759
Creditors: Amounts Falling Due Within One Year 7 (98,799 ) (95,947 )
NET CURRENT ASSETS (LIABILITIES) 488,432 447,812
TOTAL ASSETS LESS CURRENT LIABILITIES 532,961 475,185
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,711 ) (1,711 )
NET ASSETS 531,250 473,474
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 531,150 473,374
SHAREHOLDERS' FUNDS 531,250 473,474
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For the year ending 30 April 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 Darren Allison
Director
13/11/2024
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
Allgo Engineering Supplies Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI070612 . The registered office is Unit 27 Pennyburn Industrial Estate, Londonderry, BT48 0LU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold 5
Motor Vehicles 25
Fixtures & Fittings 10
Computer Equipment 20
2.4. 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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2.5. 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 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
Contributions to pension funds within maximum limits are charged against profits in the year in which they are paid. The company contributes to personal pension schemes on behalf of a number of employees.
2.7. Foreign currencies
Transactions denominated in foreign currencies are translated at the exchange rate at the date of the transaction. All assets and liabilities denominated in foreign currency are translated at the rate of exchange ruling at the balance sheet date or the exchange rate of a related exchange contract where appropriate. The resulting gain or loss is taken to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 May 2023 12,923 85,838 98,761
Additions 983 35,538 36,521
Disposals - (26,067 ) (26,067 )
As at 30 April 2024 13,906 95,309 109,215
Depreciation
As at 1 May 2023 4,791 66,597 71,388
Provided during the period 695 10,939 11,634
Disposals - (18,336 ) (18,336 )
As at 30 April 2024 5,486 59,200 64,686
Net Book Value
As at 30 April 2024 8,420 36,109 44,529
As at 1 May 2023 8,132 19,241 27,373
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5. Stocks
2024 2023
£ £
Materials 85,000 82,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 113,066 99,261
Prepayments and accrued income 3,476 3,109
Other debtors 2,064 1,603
118,606 103,973
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 61,532 53,596
Corporation tax 20,714 6,280
Other taxes and social security 2,298 7,809
Other creditors 9,161 23,325
Accruals and deferred income 5,094 4,937
98,799 95,947
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 May 2023 1,711 1,711
Balance at 30 April 2024 1,711 1,711
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Post Balance Sheet Events
There have been no significant events affecting the company since the year end.
11. Related Party Transactions
Included within ‘Other creditors’ is £9,161 (2023: £23,325) owed to the directors.
12. Ultimate Controlling Party
By reason of his shareholding D Allison is considered to be the ultimate controlling party.
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