Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 4289557 Mrs Dawn Fuller Mr Timothy Morris Mrs Jacqueline Jones Mrs Dawn Fuller iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 4289557 2023-02-28 4289557 2024-02-29 4289557 2023-03-01 2024-02-29 4289557 frs-core:CurrentFinancialInstruments 2024-02-29 4289557 frs-core:ComputerEquipment 2023-03-01 2024-02-29 4289557 frs-core:FurnitureFittings 2024-02-29 4289557 frs-core:FurnitureFittings 2023-03-01 2024-02-29 4289557 frs-core:FurnitureFittings 2023-02-28 4289557 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 4289557 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 4289557 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 4289557 frs-core:MotorVehicles 2023-03-01 2024-02-29 4289557 frs-core:ShareCapital 2024-02-29 4289557 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 4289557 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 4289557 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 4289557 frs-bus:SmallEntities 2023-03-01 2024-02-29 4289557 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 4289557 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 4289557 frs-bus:OrdinaryShareClass1 2023-03-01 2024-02-29 4289557 frs-bus:OrdinaryShareClass1 2024-02-29 4289557 frs-bus:Director1 2023-03-01 2024-02-29 4289557 frs-bus:Director2 2023-03-01 2024-02-29 4289557 frs-bus:Director3 2023-03-01 2024-02-29 4289557 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 4289557 frs-countries:EnglandWales 2023-03-01 2024-02-29 4289557 2022-02-28 4289557 2023-02-28 4289557 2022-03-01 2023-02-28 4289557 frs-core:CurrentFinancialInstruments 2023-02-28 4289557 frs-core:ShareCapital 2023-02-28 4289557 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 4289557 frs-bus:OrdinaryShareClass1 2022-03-01 2023-02-28
Registered number: 4289557
FULL CONTROL NETWORKS DISTRIBUTION LIMITED
Financial Statements
For The Year Ended 29 February 2024
Culverhouse & Company
94 Dornden Drive
Langton Green
Tunbridge Wells
Kent
TN3 0AJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 4289557
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 151,944 150,178
151,944 150,178
CURRENT ASSETS
Stocks 5 90,375 61,549
Debtors 6 170,229 176,238
Cash at bank and in hand 254,959 336,185
515,563 573,972
Creditors: Amounts Falling Due Within One Year 7 (185,896 ) (150,828 )
NET CURRENT ASSETS (LIABILITIES) 329,667 423,144
TOTAL ASSETS LESS CURRENT LIABILITIES 481,611 573,322
NET ASSETS 481,611 573,322
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 481,511 573,222
SHAREHOLDERS' FUNDS 481,611 573,322
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For the year ending 29 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 Timothy Morris
Director
04/11/2024
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
FULL CONTROL NETWORKS DISTRIBUTION LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 4289557 . The registered office is Horizon House, Tutin Road, Northallerton, North Yorkshire, DL7 9UJ.
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 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
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 6)
5 6
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4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 March 2023 125,000 142,063 267,063
Additions - 10,747 10,747
As at 29 February 2024 125,000 152,810 277,810
Depreciation
As at 1 March 2023 - 116,885 116,885
Provided during the period - 8,981 8,981
As at 29 February 2024 - 125,866 125,866
Net Book Value
As at 29 February 2024 125,000 26,944 151,944
As at 1 March 2023 125,000 25,178 150,178
5. Stocks
2024 2023
£ £
Finished goods 90,375 61,549
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 170,059 176,238
Other debtors 170 -
170,229 176,238
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 161,108 90,985
Corporation tax 1,625 26,729
Other taxes and social security 15,176 8,265
VAT 7,987 24,849
185,896 150,828
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1 each 100 100
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9. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 100,000 140,000
Page 5