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 00599432 Mr David Springford Mr Stephen Sawyer Mr David Springford iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00599432 2023-02-28 00599432 2024-02-28 00599432 2023-03-01 2024-02-28 00599432 frs-core:CurrentFinancialInstruments 2024-02-28 00599432 frs-core:Non-currentFinancialInstruments 2024-02-28 00599432 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-28 00599432 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 00599432 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 00599432 frs-core:PlantMachinery 2024-02-28 00599432 frs-core:PlantMachinery 2023-03-01 2024-02-28 00599432 frs-core:PlantMachinery 2023-02-28 00599432 frs-core:OtherReservesSubtotal 2024-02-28 00599432 frs-core:RevaluationReserve 2023-02-28 00599432 frs-core:RevaluationReserve 2024-02-28 00599432 frs-core:ShareCapital 2024-02-28 00599432 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 00599432 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 00599432 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 00599432 frs-bus:SmallEntities 2023-03-01 2024-02-28 00599432 frs-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 00599432 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 00599432 frs-bus:Director1 2023-03-01 2024-02-28 00599432 frs-bus:Director1 2023-02-28 00599432 frs-bus:Director1 2024-02-28 00599432 frs-bus:Director2 2023-03-01 2024-02-28 00599432 frs-bus:CompanySecretary1 2023-03-01 2024-02-28 00599432 frs-countries:EnglandWales 2023-03-01 2024-02-28 00599432 2022-02-28 00599432 2023-02-28 00599432 2022-03-01 2023-02-28 00599432 frs-core:CurrentFinancialInstruments 2023-02-28 00599432 frs-core:Non-currentFinancialInstruments 2023-02-28 00599432 frs-core:OtherReservesSubtotal 2023-02-28 00599432 frs-core:RevaluationReserve 2023-02-28 00599432 frs-core:ShareCapital 2023-02-28 00599432 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 00599432
Springfords And Rose Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Springfords And Rose Limited For The Year Ended 28 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Springfords And Rose Limited For The Year Ended 28 February 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Springfords And Rose Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Springfords And Rose Limited and state those matters that we have agreed to state to the directors of Springfords And Rose Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Springfords And Rose Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Springfords And Rose Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Springfords And Rose Limited . You consider that Springfords And Rose Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Springfords And Rose Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
25 November 2024
The Alanbrookes Group Ltd t/a J S Weeks & Co
Chartered Accountants
10 Market Place
Devizes, Wiltshire
SN10 1HT
Page 1
Page 2
Balance Sheet
Registered number: 00599432
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,340 28,120
27,340 28,120
CURRENT ASSETS
Stocks 5 2,000 2,225
Debtors 6 23,961 32,629
Cash at bank and in hand 152 152
26,113 35,006
Creditors: Amounts Falling Due Within One Year 7 (34,063 ) (35,532 )
NET CURRENT ASSETS (LIABILITIES) (7,950 ) (526 )
TOTAL ASSETS LESS CURRENT LIABILITIES 19,390 27,594
Creditors: Amounts Falling Due After More Than One Year 8 (2,656 ) (4,643 )
NET ASSETS 16,734 22,951
CAPITAL AND RESERVES
Called up share capital 9 3,540 3,540
Revaluation reserve 11 16,500 16,500
Other reserves 2,600 2,600
Profit and Loss Account (5,906 ) 311
SHAREHOLDERS' FUNDS 16,734 22,951
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Page 3
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 David Springford
Director
25 November 2024
The notes on pages 4 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Springfords And Rose Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00599432 . The registered office is 35 Eastleigh Road, Devizes, SN10 3EQ.
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:
Freehold -
Plant & Machinery 25% reducing balance
2.4. 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.
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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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 March 2023 25,000 174,445 199,445
As at 28 February 2024 25,000 174,445 199,445
Depreciation
As at 1 March 2023 - 171,325 171,325
Provided during the period - 780 780
As at 28 February 2024 - 172,105 172,105
Net Book Value
As at 28 February 2024 25,000 2,340 27,340
As at 1 March 2023 25,000 3,120 28,120
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5. Stocks
2024 2023
£ £
Stock 2,000 2,225
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,816 4,559
Other debtors 20,145 28,070
23,961 32,629
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,009 5,748
Bank loans and overdrafts 4,161 3,883
Other creditors 21,047 19,390
Taxation and social security 3,846 6,511
34,063 35,532
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,656 4,643
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3,540 3,540
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 28 February 2024
£ £ £ £ £
Mr David Springford 15,826 3,374 (11,091 ) - 8,109
The above loan is unsecured and repayable on demand.
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11. Reserves
Revaluation Reserve
£
As at 1 March 2023 16,500
As at 28 February 2024 16,500
Page 7