Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07203512 Mrs Lynne Nash Mr Richard Nash iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07203512 2023-03-31 07203512 2024-03-31 07203512 2023-04-01 2024-03-31 07203512 frs-core:CurrentFinancialInstruments 2024-03-31 07203512 frs-core:ComputerEquipment 2024-03-31 07203512 frs-core:ComputerEquipment 2023-04-01 2024-03-31 07203512 frs-core:ComputerEquipment 2023-03-31 07203512 frs-core:NetGoodwill 2024-03-31 07203512 frs-core:NetGoodwill 2023-04-01 2024-03-31 07203512 frs-core:NetGoodwill 2023-03-31 07203512 frs-core:MotorVehicles 2024-03-31 07203512 frs-core:MotorVehicles 2023-04-01 2024-03-31 07203512 frs-core:MotorVehicles 2023-03-31 07203512 frs-core:PlantMachinery 2024-03-31 07203512 frs-core:PlantMachinery 2023-04-01 2024-03-31 07203512 frs-core:PlantMachinery 2023-03-31 07203512 frs-core:OtherReservesSubtotal 2024-03-31 07203512 frs-core:ShareCapital 2024-03-31 07203512 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07203512 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07203512 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07203512 frs-bus:SmallEntities 2023-04-01 2024-03-31 07203512 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07203512 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07203512 frs-bus:Director1 2023-04-01 2024-03-31 07203512 frs-bus:Director2 2023-04-01 2024-03-31 07203512 frs-countries:EnglandWales 2023-04-01 2024-03-31 07203512 2022-03-31 07203512 2023-03-31 07203512 2022-04-01 2023-03-31 07203512 frs-core:CurrentFinancialInstruments 2023-03-31 07203512 frs-core:OtherReservesSubtotal 2023-03-31 07203512 frs-core:ShareCapital 2023-03-31 07203512 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07203512
R Nash Construction Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
AJI Accounting Solutions Ltd
Accsol House
High Street, Johnstown
Wrexham
LL14 2SH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07203512
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 22,572 24,732
Tangible Assets 5 14,179 18,067
36,751 42,799
CURRENT ASSETS
Debtors 6 14,217 10,392
Cash at bank and in hand 8,614 15,714
22,831 26,106
Creditors: Amounts Falling Due Within One Year 7 (17,797 ) (22,702 )
NET CURRENT ASSETS (LIABILITIES) 5,034 3,404
TOTAL ASSETS LESS CURRENT LIABILITIES 41,785 46,203
NET ASSETS 41,785 46,203
CAPITAL AND RESERVES
Called up share capital 8 2 2
Other reserves (2,416 ) (2,416 )
Profit and Loss Account 44,199 48,617
SHAREHOLDERS' FUNDS 41,785 46,203
Page 1
Page 2
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 Lynne Nash
Director
20/09/2024
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
R Nash Construction Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07203512 . The registered office is Accsol House, High Street Johnstown, Wrexham, LL14 2SH.
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 .... 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 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Reducing Balance
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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.
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: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 54,000
As at 31 March 2024 54,000
Amortisation
As at 1 April 2023 29,268
Provided during the period 2,160
As at 31 March 2024 31,428
Net Book Value
As at 31 March 2024 22,572
As at 1 April 2023 24,732
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5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 14,731 41,050 2,787 58,568
As at 31 March 2024 14,731 41,050 2,787 58,568
Depreciation
As at 1 April 2023 8,432 30,025 2,044 40,501
Provided during the period 947 2,756 185 3,888
As at 31 March 2024 9,379 32,781 2,229 44,389
Net Book Value
As at 31 March 2024 5,352 8,269 558 14,179
As at 1 April 2023 6,299 11,025 743 18,067
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 14,073 10,392
VAT 144 -
14,217 10,392
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 15,625 17,864
Other taxes and social security 1,325 4,001
VAT - 331
Accruals and deferred income 847 506
17,797 22,702
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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