Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 09752465 Mr Lee Wilson Mrs Donna Wilson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09752465 2023-03-31 09752465 2024-03-31 09752465 2023-04-01 2024-03-31 09752465 frs-core:CurrentFinancialInstruments 2024-03-31 09752465 frs-core:Non-currentFinancialInstruments 2024-03-31 09752465 frs-core:FurnitureFittings 2024-03-31 09752465 frs-core:FurnitureFittings 2023-04-01 2024-03-31 09752465 frs-core:FurnitureFittings 2023-03-31 09752465 frs-core:NetGoodwill 2024-03-31 09752465 frs-core:NetGoodwill 2023-04-01 2024-03-31 09752465 frs-core:NetGoodwill 2023-03-31 09752465 frs-core:MotorVehicles 2024-03-31 09752465 frs-core:MotorVehicles 2023-04-01 2024-03-31 09752465 frs-core:MotorVehicles 2023-03-31 09752465 frs-core:PlantMachinery 2024-03-31 09752465 frs-core:PlantMachinery 2023-04-01 2024-03-31 09752465 frs-core:PlantMachinery 2023-03-31 09752465 frs-core:ShareCapital 2024-03-31 09752465 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09752465 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09752465 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09752465 frs-bus:SmallEntities 2023-04-01 2024-03-31 09752465 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09752465 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09752465 frs-bus:Director1 2023-04-01 2024-03-31 09752465 frs-bus:Director2 2023-04-01 2024-03-31 09752465 frs-countries:EnglandWales 2023-04-01 2024-03-31 09752465 2022-03-31 09752465 2023-03-31 09752465 2022-04-01 2023-03-31 09752465 frs-core:CurrentFinancialInstruments 2023-03-31 09752465 frs-core:Non-currentFinancialInstruments 2023-03-31 09752465 frs-core:ShareCapital 2023-03-31 09752465 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 09752465
Oakwood Building Consultancy Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Mumby Heppenstall
Chartered Accountants
Wellingore Hall
Wellingore
Lincoln
LN5 0HX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09752465
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 40,232 38,590
40,232 38,590
CURRENT ASSETS
Debtors 6 - 2,030
Cash at bank and in hand 7,325 20,624
7,325 22,654
Creditors: Amounts Falling Due Within One Year 7 (25,632 ) (26,056 )
NET CURRENT ASSETS (LIABILITIES) (18,307 ) (3,402 )
TOTAL ASSETS LESS CURRENT LIABILITIES 21,925 35,188
Creditors: Amounts Falling Due After More Than One Year 8 - (6,740 )
NET ASSETS 21,925 28,448
CAPITAL AND RESERVES
Called up share capital 9 1,500 1,500
Profit and Loss Account 20,425 26,948
SHAREHOLDERS' FUNDS 21,925 28,448
Page 1
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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
Mr Lee Wilson
Director
1st November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Oakwood Building Consultancy Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09752465 . The registered office is The Willows Fen Lane, Dunston, Lincoln, Lincolnshire, LN4 2HB.
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 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 10% per annum on cost
Motor Vehicles 25% on written down value b/f
Fixtures & Fittings 4% per annum on cost
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 10,000
As at 31 March 2024 10,000
Amortisation
As at 1 April 2023 10,000
As at 31 March 2024 10,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 13,804 32,134 16,557 62,495
Additions - - 9,273 9,273
As at 31 March 2024 13,804 32,134 25,830 71,768
Depreciation
As at 1 April 2023 9,184 14,059 662 23,905
Provided during the period 1,380 3,615 2,636 7,631
As at 31 March 2024 10,564 17,674 3,298 31,536
Net Book Value
As at 31 March 2024 3,240 14,460 22,532 40,232
As at 1 April 2023 4,620 18,075 15,895 38,590
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 2,030
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Bank loans and overdrafts 6,073 5,040
Corporation tax 967 3,323
Accruals and deferred income 2,736 1,836
Directors' loan accounts 15,857 15,857
25,632 26,056
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 6,740
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,500 1,500
Page 5