Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 07137842 Mr Shane Crossland true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07137842 2023-02-28 07137842 2024-02-28 07137842 2023-03-01 2024-02-28 07137842 frs-core:CurrentFinancialInstruments 2024-02-28 07137842 frs-core:Non-currentFinancialInstruments 2024-02-28 07137842 frs-core:BetweenOneFiveYears 2024-02-28 07137842 frs-core:NetGoodwill 2024-02-28 07137842 frs-core:NetGoodwill 2023-03-01 2024-02-28 07137842 frs-core:NetGoodwill 2023-02-28 07137842 frs-core:MotorVehicles 2024-02-28 07137842 frs-core:MotorVehicles 2023-03-01 2024-02-28 07137842 frs-core:MotorVehicles 2023-02-28 07137842 frs-core:PlantMachinery 2024-02-28 07137842 frs-core:PlantMachinery 2023-03-01 2024-02-28 07137842 frs-core:PlantMachinery 2023-02-28 07137842 frs-core:WithinOneYear 2024-02-28 07137842 frs-core:ShareCapital 2024-02-28 07137842 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 07137842 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 07137842 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 07137842 frs-bus:SmallEntities 2023-03-01 2024-02-28 07137842 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 07137842 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 07137842 1 2023-03-01 2024-02-28 07137842 frs-bus:Director1 2023-03-01 2024-02-28 07137842 frs-countries:EnglandWales 2023-03-01 2024-02-28 07137842 2022-02-28 07137842 2023-02-28 07137842 2022-03-01 2023-02-28 07137842 frs-core:CurrentFinancialInstruments 2023-02-28 07137842 frs-core:Non-currentFinancialInstruments 2023-02-28 07137842 frs-core:BetweenOneFiveYears 2023-02-28 07137842 frs-core:WithinOneYear 2023-02-28 07137842 frs-core:ShareCapital 2023-02-28 07137842 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 07137842
Balmoral Flat Roofing Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
R H Wyatt Co Ltd
Incorporated Financial Accountants
R H Wyatt and Co Ltd
Edwinstowe House, High Street
Edwinstowe
Notts
NG21 9PR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07137842
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 40,729 47,305
40,729 47,305
CURRENT ASSETS
Stocks 6 1,966 2,105
Debtors 7 39,669 32,698
Cash at bank and in hand 91,452 71,971
133,087 106,774
Creditors: Amounts Falling Due Within One Year 8 (106,062 ) (106,884 )
NET CURRENT ASSETS (LIABILITIES) 27,025 (110 )
TOTAL ASSETS LESS CURRENT LIABILITIES 67,754 47,195
Creditors: Amounts Falling Due After More Than One Year 9 (625 ) (3,125 )
NET ASSETS 67,129 44,070
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 67,029 43,970
SHAREHOLDERS' FUNDS 67,129 44,070
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For the year ending 28 February 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 Shane Crossland
Director
25/07/2024
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
Balmoral Flat Roofing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07137842 . The registered office is Unit 3 Raymond Way, Raymond Way, Mansfield, Notts, NG19 9EN.
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. 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 10 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 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
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 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
6Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 70,000
As at 28 February 2024 70,000
Amortisation
As at 1 March 2023 70,000
As at 28 February 2024 70,000
Net Book Value
As at 28 February 2024 -
As at 1 March 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 March 2023 12,848 70,984 83,832
Additions 7,000 - 7,000
As at 28 February 2024 19,848 70,984 90,832
...CONTINUED
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Depreciation
As at 1 March 2023 10,612 25,915 36,527
Provided during the period 2,309 11,267 13,576
As at 28 February 2024 12,921 37,182 50,103
Net Book Value
As at 28 February 2024 6,927 33,802 40,729
As at 1 March 2023 2,236 45,069 47,305
6. Stocks
2024 2023
£ £
Materials 1,966 2,105
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 39,669 32,698
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,500 2,500
Trade creditors 37,688 41,663
Corporation tax 10,813 6,621
Other taxes and social security 10,835 17,265
Accruals and deferred income 27,892 2,500
Director's loan account 16,334 36,335
106,062 106,884
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 625 3,125
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,500 2,500
Later than one year and not later than five years 625 3,125
3,125 5,625
3,125 5,625
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11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 15,600 15,600
13. Ultimate Controlling Party
The company's ultimate controlling party is Mr Shane Crossland by virtue of his ownership of 100% of the issued share capital in the company.
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