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 07533122 Mrs Judith Miles Mr Adam Miles true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07533122 2023-02-28 07533122 2024-02-28 07533122 2023-03-01 2024-02-28 07533122 frs-core:CurrentFinancialInstruments 2024-02-28 07533122 frs-core:ComputerEquipment 2024-02-28 07533122 frs-core:ComputerEquipment 2023-03-01 2024-02-28 07533122 frs-core:ComputerEquipment 2023-02-28 07533122 frs-core:FurnitureFittings 2024-02-28 07533122 frs-core:FurnitureFittings 2023-03-01 2024-02-28 07533122 frs-core:FurnitureFittings 2023-02-28 07533122 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-28 07533122 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 07533122 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 07533122 frs-core:MotorVehicles 2024-02-28 07533122 frs-core:MotorVehicles 2023-03-01 2024-02-28 07533122 frs-core:MotorVehicles 2023-02-28 07533122 frs-core:PlantMachinery 2024-02-28 07533122 frs-core:PlantMachinery 2023-03-01 2024-02-28 07533122 frs-core:PlantMachinery 2023-02-28 07533122 frs-core:ShareCapital 2024-02-28 07533122 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 07533122 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 07533122 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 07533122 frs-bus:SmallEntities 2023-03-01 2024-02-28 07533122 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 07533122 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 07533122 1 2023-03-01 2024-02-28 07533122 frs-bus:Director1 2023-03-01 2024-02-28 07533122 frs-bus:Director2 2023-03-01 2024-02-28 07533122 frs-countries:EnglandWales 2023-03-01 2024-02-28 07533122 2022-02-28 07533122 2023-02-28 07533122 2022-03-01 2023-02-28 07533122 frs-core:CurrentFinancialInstruments 2023-02-28 07533122 frs-core:ShareCapital 2023-02-28 07533122 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
ASM Construct Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
D & K Accountancy Services
Solar House
915 High Road
London
N12 8QJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07533122
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 186,062 197,934
186,062 197,934
CURRENT ASSETS
Debtors 5 36,635 61,125
Cash at bank and in hand 504,958 530,332
541,593 591,457
Creditors: Amounts Falling Due Within One Year 6 (51,757 ) (62,610 )
NET CURRENT ASSETS (LIABILITIES) 489,836 528,847
TOTAL ASSETS LESS CURRENT LIABILITIES 675,898 726,781
NET ASSETS 675,898 726,781
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 675,798 726,681
SHAREHOLDERS' FUNDS 675,898 726,781
Page 1
Page 2
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 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 Adam Miles
Director
28/11/2024
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
ASM Construct Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07533122 . The registered office is 6 Hardy Place, Eaton Ford, St Neots, Cambs, PE19 7LW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Freehold No Depreciation
Plant & Machinery 33% on cost
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% on cost
2.4. 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
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Sales, marketing and distribution - 1
1 2
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 March 2023 159,088 20,857 101,167 8,911
As at 28 February 2024 159,088 20,857 101,167 8,911
Depreciation
As at 1 March 2023 - 19,236 66,214 7,876
Provided during the period - 1,621 8,738 276
As at 28 February 2024 - 20,857 74,952 8,152
Net Book Value
As at 28 February 2024 159,088 - 26,215 759
As at 1 March 2023 159,088 1,621 34,953 1,035
Computer Equipment Total
£ £
Cost
As at 1 March 2023 4,851 294,874
As at 28 February 2024 4,851 294,874
Depreciation
As at 1 March 2023 3,614 96,940
Provided during the period 1,237 11,872
As at 28 February 2024 4,851 108,812
Net Book Value
As at 28 February 2024 - 186,062
As at 1 March 2023 1,237 197,934
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 36,635 61,125
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,471 9,468
Bank loans and overdrafts 5,000 5,000
Corporation tax 6,753 23,324
Other taxes and social security 1,431 2,575
VAT 34 2,071
Other creditors 393 1,761
Accruals and deferred income 1,320 1,320
Directors' loan accounts 27,355 17,091
51,757 62,610
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
9. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 4,000 4,000
Final dividend paid 66,100 76,400
70,100 80,400
10. Ultimate Controlling Party Not Known
The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.
Page 5