Acorah Software Products - Accounts Production 16.0.110 false true 26 February 2023 28 February 2022 false 27 February 2023 26 February 2024 26 February 2024 09426417 Mrs R Houlihan Mr N Houlihan Mrs R Houlihan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09426417 2023-02-26 09426417 2024-02-26 09426417 2023-02-27 2024-02-26 09426417 frs-core:CurrentFinancialInstruments 2024-02-26 09426417 frs-core:Non-currentFinancialInstruments 2024-02-26 09426417 frs-core:ComputerEquipment 2024-02-26 09426417 frs-core:ComputerEquipment 2023-02-27 2024-02-26 09426417 frs-core:ComputerEquipment 2023-02-26 09426417 frs-core:PlantMachinery 2024-02-26 09426417 frs-core:PlantMachinery 2023-02-27 2024-02-26 09426417 frs-core:PlantMachinery 2023-02-26 09426417 frs-core:ShareCapital 2024-02-26 09426417 frs-core:RetainedEarningsAccumulatedLosses 2024-02-26 09426417 frs-bus:PrivateLimitedCompanyLtd 2023-02-27 2024-02-26 09426417 frs-bus:FilletedAccounts 2023-02-27 2024-02-26 09426417 frs-bus:SmallEntities 2023-02-27 2024-02-26 09426417 frs-bus:AuditExempt-NoAccountantsReport 2023-02-27 2024-02-26 09426417 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-27 2024-02-26 09426417 frs-bus:Director1 2023-02-27 2024-02-26 09426417 frs-bus:Director2 2023-02-27 2024-02-26 09426417 frs-bus:CompanySecretary1 2023-02-27 2024-02-26 09426417 frs-countries:EnglandWales 2023-02-27 2024-02-26 09426417 2022-02-27 09426417 2023-02-26 09426417 2022-02-28 2023-02-26 09426417 frs-core:CurrentFinancialInstruments 2023-02-26 09426417 frs-core:Non-currentFinancialInstruments 2023-02-26 09426417 frs-core:ShareCapital 2023-02-26 09426417 frs-core:RetainedEarningsAccumulatedLosses 2023-02-26
Registered number: 09426417
Detail Homes Limited
Financial Statements
For The Year Ended 26 February 2024
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09426417
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 19,254 24,051
19,254 24,051
CURRENT ASSETS
Stocks 4 194,000 195,051
Debtors 5 309,153 115,561
Cash at bank and in hand 190,169 58,303
693,322 368,915
Creditors: Amounts Falling Due Within One Year 6 (163,873 ) (342,614 )
NET CURRENT ASSETS (LIABILITIES) 529,449 26,301
TOTAL ASSETS LESS CURRENT LIABILITIES 548,703 50,352
Creditors: Amounts Falling Due After More Than One Year 7 (529,167 ) (34,722 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,000 ) -
NET ASSETS 15,536 15,630
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 15,534 15,628
SHAREHOLDERS' FUNDS 15,536 15,630
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For the year ending 26 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 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
Mrs R Houlihan
Director
25 November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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 25% RB
Computer Equipment 20% RB
1.4. 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.
1.5. 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.
...CONTINUED
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1.5. Taxation - continued
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. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2023: 2)
2 2
3. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 27 February 2023 34,575 598 35,173
Additions - 1,375 1,375
As at 26 February 2024 34,575 1,973 36,548
Depreciation
As at 27 February 2023 11,002 120 11,122
Provided during the period 5,893 279 6,172
As at 26 February 2024 16,895 399 17,294
Net Book Value
As at 26 February 2024 17,680 1,574 19,254
As at 27 February 2023 23,573 478 24,051
4. Stocks
2024 2023
£ £
Work in progress 194,000 195,051
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 96,872 107,365
Other debtors 1,513 8,196
98,385 115,561
Due after more than one year
Other debtors 210,768 -
210,768 -
309,153 115,561
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 35,239 26,669
Bank loans and overdrafts 5,556 5,556
Other creditors 115,768 304,624
Taxation and social security 7,310 5,765
163,873 342,614
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 29,167 34,722
Other loans 500,000 -
529,167 34,722
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. General Information
Detail Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09426417 . The registered office is Hillside Farm Werneth Low Road, Romiley, Stockport, SK6 4PY.
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