Acorah Software Products - Accounts Production 14.6.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06875112 Mr Timothy Morris Mrs Carrie-Anne Morris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06875112 2023-03-31 06875112 2024-03-31 06875112 2023-04-01 2024-03-31 06875112 frs-core:CurrentFinancialInstruments 2024-03-31 06875112 frs-core:Non-currentFinancialInstruments 2024-03-31 06875112 frs-core:BetweenOneFiveYears 2024-03-31 06875112 frs-core:ComputerEquipment 2024-03-31 06875112 frs-core:ComputerEquipment 2023-04-01 2024-03-31 06875112 frs-core:ComputerEquipment 2023-03-31 06875112 frs-core:FurnitureFittings 2024-03-31 06875112 frs-core:FurnitureFittings 2023-04-01 2024-03-31 06875112 frs-core:FurnitureFittings 2023-03-31 06875112 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 06875112 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06875112 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 06875112 frs-core:MotorVehicles 2024-03-31 06875112 frs-core:MotorVehicles 2023-04-01 2024-03-31 06875112 frs-core:MotorVehicles 2023-03-31 06875112 frs-core:ShareCapital 2024-03-31 06875112 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06875112 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06875112 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06875112 frs-bus:SmallEntities 2023-04-01 2024-03-31 06875112 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06875112 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06875112 frs-bus:Director1 2023-04-01 2024-03-31 06875112 frs-bus:Director2 2023-04-01 2024-03-31 06875112 frs-core:CurrentFinancialInstruments 1 2024-03-31 06875112 frs-countries:EnglandWales 2023-04-01 2024-03-31 06875112 2022-03-31 06875112 2023-03-31 06875112 2022-04-01 2023-03-31 06875112 frs-core:CurrentFinancialInstruments 2023-03-31 06875112 frs-core:Non-currentFinancialInstruments 2023-03-31 06875112 frs-core:BetweenOneFiveYears 2023-03-31 06875112 frs-core:ShareCapital 2023-03-31 06875112 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 06875112 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 06875112
Booka Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Hudson LM Limited
Castle Court
Castle Street
Whittington, Oswestry
Shropshire
SY11 4DF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06875112
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 95,529 40,030
95,529 40,030
CURRENT ASSETS
Stocks 5 136,588 120,606
Debtors 6 1,504 3,872
Cash at bank and in hand 13,478 55,084
151,570 179,562
Creditors: Amounts Falling Due Within One Year 7 (85,632 ) (95,098 )
NET CURRENT ASSETS (LIABILITIES) 65,938 84,464
TOTAL ASSETS LESS CURRENT LIABILITIES 161,467 124,494
Creditors: Amounts Falling Due After More Than One Year 8 (111,029 ) (81,012 )
NET ASSETS 50,438 43,482
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 50,436 43,480
SHAREHOLDERS' FUNDS 50,438 43,482
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For the year ending 31 March 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 Carrie-Anne Morris
Director
25 November 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Booka Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06875112 . The registered office is 6 Hayes Close, Oswestry, Shropshire, SY11 1TN.
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:
Leasehold property 10% RB
Motor Vehicles 20% RB
Fixtures & Fittings 15% RB
Computer Equipment 20% RB
2.4. 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.
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2.5. 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.
2.6. 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: 15 (2023: 13)
15 13
4. Tangible Assets
Land & Property
Leasehold property Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 30,323 3,641 46,044 12,996 93,004
Additions 5,664 - 60,979 5,032 71,675
As at 31 March 2024 35,987 3,641 107,023 18,028 164,679
...CONTINUED
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Depreciation
As at 1 April 2023 14,940 3,031 25,833 9,170 52,974
Provided during the period 2,105 122 12,178 1,771 16,176
As at 31 March 2024 17,045 3,153 38,011 10,941 69,150
Net Book Value
As at 31 March 2024 18,942 488 69,012 7,087 95,529
As at 1 April 2023 15,383 610 20,211 3,826 40,030
5. Stocks
2024 2023
£ £
Materials 136,588 120,606
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,216 3,547
Prepayments and accrued income 288 325
1,504 3,872
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 26,557 23,859
Bank loans and overdrafts 39,298 37,721
Corporation tax 1,179 6,704
Other taxes and social security 2,869 1,531
VAT 742 327
Other creditors 6,717 11,793
MBNA 7,000 10,000
Accruals and deferred income 744 1,249
Directors' loan accounts 526 1,914
85,632 95,098
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 21,075 -
Other loans (Long term liabilities - creditors > 1 year) 89,954 81,012
111,029 81,012
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 21,075 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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