Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 04715313 Mrs Susan Bardsley Mrs Susan Bardsley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04715313 2023-01-31 04715313 2024-01-31 04715313 2023-02-01 2024-01-31 04715313 frs-core:CurrentFinancialInstruments 2024-01-31 04715313 frs-core:Non-currentFinancialInstruments 2024-01-31 04715313 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-31 04715313 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-01 2024-01-31 04715313 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-31 04715313 frs-core:FurnitureFittings 2024-01-31 04715313 frs-core:FurnitureFittings 2023-02-01 2024-01-31 04715313 frs-core:FurnitureFittings 2023-01-31 04715313 frs-core:NetGoodwill 2024-01-31 04715313 frs-core:NetGoodwill 2023-02-01 2024-01-31 04715313 frs-core:NetGoodwill 2023-01-31 04715313 frs-core:MotorVehicles 2023-02-01 2024-01-31 04715313 frs-core:PlantMachinery 2024-01-31 04715313 frs-core:PlantMachinery 2023-02-01 2024-01-31 04715313 frs-core:PlantMachinery 2023-01-31 04715313 frs-core:ShareCapital 2024-01-31 04715313 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 04715313 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04715313 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 04715313 frs-bus:SmallEntities 2023-02-01 2024-01-31 04715313 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 04715313 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 04715313 frs-bus:Director1 2023-02-01 2024-01-31 04715313 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 04715313 frs-countries:EnglandWales 2023-02-01 2024-01-31 04715313 2022-01-31 04715313 2023-01-31 04715313 2022-02-01 2023-01-31 04715313 frs-core:CurrentFinancialInstruments 2023-01-31 04715313 frs-core:Non-currentFinancialInstruments 2023-01-31 04715313 frs-core:ShareCapital 2023-01-31 04715313 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 04715313
Steve Parkers Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
The Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04715313
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,801 12,801
Tangible Assets 5 7,714 9,075
19,515 21,876
CURRENT ASSETS
Stocks 6 41,650 50,341
Debtors 7 6,407 8,042
Cash at bank and in hand 2,144 5,290
50,201 63,673
Creditors: Amounts Falling Due Within One Year 8 (235,629 ) (218,635 )
NET CURRENT ASSETS (LIABILITIES) (185,428 ) (154,962 )
TOTAL ASSETS LESS CURRENT LIABILITIES (165,913 ) (133,086 )
Creditors: Amounts Falling Due After More Than One Year 9 (64,347 ) (75,056 )
NET LIABILITIES (230,260 ) (208,142 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account (230,261 ) (208,143 )
SHAREHOLDERS' FUNDS (230,260) (208,142)
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 Susan Bardsley
Director
30/11/2024
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
Steve Parkers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04715313 . The registered office is 1, Moorland Crescent, Whitworth, Rochdale,, Lancashire , OL12 8SU.
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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.5. 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
Fixtures & Fittings 15% reducing balance
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: 3 (2023: 4)
3 4
Page 3
Page 4
4. Intangible Assets
Goodwill Development Costs Total
£ £ £
Cost
As at 1 February 2023 120,000 11,801 131,801
As at 31 January 2024 120,000 11,801 131,801
Amortisation
As at 1 February 2023 119,000 - 119,000
Provided during the period 1,000 - 1,000
As at 31 January 2024 120,000 - 120,000
Net Book Value
As at 31 January 2024 - 11,801 11,801
As at 1 February 2023 1,000 11,801 12,801
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 February 2023 50,818 53,016 103,834
As at 31 January 2024 50,818 53,016 103,834
Depreciation
As at 1 February 2023 47,298 47,461 94,759
Provided during the period 528 833 1,361
As at 31 January 2024 47,826 48,294 96,120
Net Book Value
As at 31 January 2024 2,992 4,722 7,714
As at 1 February 2023 3,520 5,555 9,075
6. Stocks
2024 2023
£ £
Stock 41,650 50,341
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,407 8,042
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Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 100,209 114,854
Bank loans and overdrafts 18,563 6,720
Other taxes and social security 25,765 18,226
VAT 89,426 73,073
Accruals and deferred income 1,174 1,174
Director's loan account 492 4,588
235,629 218,635
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 64,347 75,056
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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