Acorah Software Products - Accounts Production 16.0.110 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 08543419 Mr Michael Durrell Mrs Joanna Durrell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08543419 2023-08-31 08543419 2024-08-31 08543419 2023-09-01 2024-08-31 08543419 frs-core:CurrentFinancialInstruments 2024-08-31 08543419 frs-core:Non-currentFinancialInstruments 2024-08-31 08543419 frs-core:ComputerEquipment 2023-09-01 2024-08-31 08543419 frs-core:FurnitureFittings 2023-09-01 2024-08-31 08543419 frs-core:MotorVehicles 2024-08-31 08543419 frs-core:MotorVehicles 2023-09-01 2024-08-31 08543419 frs-core:MotorVehicles 2023-08-31 08543419 frs-core:PlantMachinery 2024-08-31 08543419 frs-core:PlantMachinery 2023-09-01 2024-08-31 08543419 frs-core:PlantMachinery 2023-08-31 08543419 frs-core:WithinOneYear 2024-08-31 08543419 frs-core:ShareCapital 2024-08-31 08543419 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 08543419 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08543419 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 08543419 frs-bus:SmallEntities 2023-09-01 2024-08-31 08543419 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08543419 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08543419 frs-bus:Director1 2023-09-01 2024-08-31 08543419 frs-bus:Director2 2023-09-01 2024-08-31 08543419 frs-countries:EnglandWales 2023-09-01 2024-08-31 08543419 2022-08-31 08543419 2023-08-31 08543419 2022-09-01 2023-08-31 08543419 frs-core:CurrentFinancialInstruments 2023-08-31 08543419 frs-core:Non-currentFinancialInstruments 2023-08-31 08543419 frs-core:WithinOneYear 2023-08-31 08543419 frs-core:ShareCapital 2023-08-31 08543419 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 08543419
Yes Contracts Building Services Ltd
Financial Statements
For The Year Ended 31 August 2024
Denmark Forrester Limited
Chartered Accountant and Registered Auditor
Office 12 Bentalls Centre
Colchester Road
Maldon
Essex
CM9 4GD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08543419
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,592 27,163
16,592 27,163
CURRENT ASSETS
Stocks 5 394,711 333,125
Debtors 6 34,639 31,039
Cash at bank and in hand 4,894 4,756
434,244 368,920
Creditors: Amounts Falling Due Within One Year 7 (543,807 ) (453,842 )
NET CURRENT ASSETS (LIABILITIES) (109,563 ) (84,922 )
TOTAL ASSETS LESS CURRENT LIABILITIES (92,971 ) (57,759 )
Creditors: Amounts Falling Due After More Than One Year 8 - (4,725 )
NET LIABILITIES (92,971 ) (62,484 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (93,071 ) (62,584 )
SHAREHOLDERS' FUNDS (92,971) (62,484)
Page 1
Page 2
For the year ending 31 August 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 Joanna Durrell
Director
31st October 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
Yes Contracts Building Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08543419 . The registered office is Clapgate Farm Building, Unit 1 Bird Lane, Warley Gap, Brentwood, CM13 3DS.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
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.
2.4. 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% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
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.
Page 3
Page 4
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 6)
7 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 September 2023 35,806 59,440 95,246
As at 31 August 2024 35,806 59,440 95,246
Depreciation
As at 1 September 2023 22,619 45,464 68,083
Provided during the period 7,077 3,494 10,571
As at 31 August 2024 29,696 48,958 78,654
Net Book Value
As at 31 August 2024 6,110 10,482 16,592
As at 1 September 2023 13,187 13,976 27,163
5. Stocks
2024 2023
£ £
Stock 394,711 333,125
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 34,639 31,039
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 3,064
Trade creditors 163,531 118,424
Bank loans and overdrafts 7,113 10,837
Other taxes and social security 2,708 1,992
VAT 18,587 19,868
Other creditors 257,391 221,028
Directors' loan accounts 94,477 78,629
543,807 453,842
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 4,725
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 3,064
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5