Acorah Software Products - Accounts Production 16.0.110 false true 27 February 2023 28 February 2022 true No description of principal activity 28 February 2023 27 February 2024 27 February 2024 09419077 Mr R D Rayment Mr N Kearsey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09419077 2023-02-27 09419077 2024-02-27 09419077 2023-02-28 2024-02-27 09419077 frs-core:CurrentFinancialInstruments 2024-02-27 09419077 frs-core:Non-currentFinancialInstruments 2024-02-27 09419077 frs-core:PlantMachinery 2024-02-27 09419077 frs-core:PlantMachinery 2023-02-28 2024-02-27 09419077 frs-core:PlantMachinery 2023-02-27 09419077 frs-core:ShareCapital 2024-02-27 09419077 frs-core:RetainedEarningsAccumulatedLosses 2024-02-27 09419077 frs-bus:PrivateLimitedCompanyLtd 2023-02-28 2024-02-27 09419077 frs-bus:FullAccounts 2023-02-28 2024-02-27 09419077 frs-bus:SmallEntities 2023-02-28 2024-02-27 09419077 frs-bus:AuditExemptWithAccountantsReport 2023-02-28 2024-02-27 09419077 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-28 2024-02-27 09419077 frs-bus:SmallCompaniesRegimeForDirectorsReport 2023-02-28 2024-02-27 09419077 frs-bus:Director1 2023-02-28 2024-02-27 09419077 frs-bus:Director2 2023-02-28 2024-02-27 09419077 frs-countries:EnglandWales 2023-02-28 2024-02-27 09419077 2022-02-27 09419077 2023-02-27 09419077 2022-02-28 2023-02-27 09419077 frs-core:CurrentFinancialInstruments 2023-02-27 09419077 frs-core:Non-currentFinancialInstruments 2023-02-27 09419077 frs-core:ShareCapital 2023-02-27 09419077 frs-core:RetainedEarningsAccumulatedLosses 2023-02-27
Registered number: 09419077
Crowsheath Fishery Ltd
Directors' Report and
Unaudited Financial Statements
For The Year Ended 27 February 2024
CKS Accountancy Limited
Directors' Report and Unaudited Financial Statements
Contents
Page
Company Information 1
Directors' Report 2
Accountants' Report 3
Profit and Loss Account 4
Balance Sheet 5
Notes to the Financial Statements 6—7
Page 1
Company Information
Directors Mr R D Rayment
Mr N Kearsey
Company Number 09419077
Registered Office Crowsheath Farm Hawkswood Road
Downham
Billericay
Essex
CM11 1JT
Accountants CKS Accountancy Limited
1349/1353 London Road
Leigh-On Sea
Essex
SS9 2AB
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Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 27 February 2024.
Directors
The directors who held office during the year were as follows:
Mr R D Rayment
Mr N Kearsey
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr R D Rayment
Director
21/11/2024
Page 2
Page 3
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Crowsheath Fishery Ltd for the year ended 27 February 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Crowsheath Fishery Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Crowsheath Fishery Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Crowsheath Fishery Ltd and state those matters that we have agreed to state to the directors of Crowsheath Fishery Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Crowsheath Fishery Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Crowsheath Fishery Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Crowsheath Fishery Ltd . You consider that Crowsheath Fishery Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Crowsheath Fishery Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
21/11/2024
CKS Accountancy Limited
1349/1353 London Road
Leigh-On Sea
Essex
SS9 2AB
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Profit and Loss Account
2024 2023
Notes £ £
TURNOVER 70,346 67,153
Cost of sales (7,979 ) (9,684 )
GROSS PROFIT 62,367 57,469
Administrative expenses (59,458 ) (55,345 )
OPERATING PROFIT 2,909 2,124
Interest payable and similar charges (2,347 ) (1,381 )
PROFIT BEFORE TAXATION 562 743
Tax on Profit (367 ) (660 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 195 83
The notes on pages 6 to 7 form part of these financial statements.
Page 4
Page 5
Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,585 10,920
9,585 10,920
CURRENT ASSETS
Stocks 5 14,500 17,000
Cash at bank and in hand 6,646 5,831
21,146 22,831
Creditors: Amounts Falling Due Within One Year 6 (21,293 ) (20,819 )
NET CURRENT ASSETS (LIABILITIES) (147 ) 2,012
TOTAL ASSETS LESS CURRENT LIABILITIES 9,438 12,932
Creditors: Amounts Falling Due After More Than One Year 7 (10,501 ) (14,190 )
NET LIABILITIES (1,063 ) (1,258 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (1,163 ) (1,358 )
SHAREHOLDERS' FUNDS (1,063) (1,258)
For the year ending 27 February 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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr R D Rayment
Director
21/11/2024
The notes on pages 6 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Crowsheath Fishery Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09419077 . The registered office is Crowsheath Farm Hawkswood Road, Downham, Billericay, Essex, CM11 1JT.
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:
Plant & Machinery 20% RB
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.
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 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 year was: NIL (2023: NIL)
- -
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 28 February 2023 14,206
Additions 1,061
As at 27 February 2024 15,267
Depreciation
As at 28 February 2023 3,286
Provided during the period 2,396
As at 27 February 2024 5,682
Net Book Value
As at 27 February 2024 9,585
As at 28 February 2023 10,920
5. Stocks
2024 2023
£ £
Stock 14,500 17,000
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 550 (1 )
Bank loans and overdrafts 3,757 3,501
Corporation tax 1,286 919
Accruals and deferred income 550 500
Directors' loan accounts 15,150 15,900
21,293 20,819
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,501 14,190
10,501 14,190
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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