Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08817594 Mr B M Mulvihill Mr A V Wilkin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08817594 2022-12-31 08817594 2023-12-31 08817594 2023-01-01 2023-12-31 08817594 frs-core:CurrentFinancialInstruments 2023-12-31 08817594 frs-core:Non-currentFinancialInstruments 2023-12-31 08817594 frs-core:MotorVehicles 2023-12-31 08817594 frs-core:MotorVehicles 2023-01-01 2023-12-31 08817594 frs-core:MotorVehicles 2022-12-31 08817594 frs-core:PlantMachinery 2023-12-31 08817594 frs-core:PlantMachinery 2023-01-01 2023-12-31 08817594 frs-core:PlantMachinery 2022-12-31 08817594 frs-core:ShareCapital 2023-12-31 08817594 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08817594 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08817594 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08817594 frs-bus:SmallEntities 2023-01-01 2023-12-31 08817594 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08817594 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08817594 frs-bus:Director1 2023-01-01 2023-12-31 08817594 frs-bus:Director2 2023-01-01 2023-12-31 08817594 frs-countries:EnglandWales 2023-01-01 2023-12-31 08817594 2021-12-31 08817594 2022-12-31 08817594 2022-01-01 2022-12-31 08817594 frs-core:CurrentFinancialInstruments 2022-12-31 08817594 frs-core:Non-currentFinancialInstruments 2022-12-31 08817594 frs-core:ShareCapital 2022-12-31 08817594 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 08817594
Bath Panel Store Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
AK Tax & Accountancy Ltd
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 08817594
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 40,567 38,308
40,567 38,308
CURRENT ASSETS
Cash at bank and in hand 8,559 15,899
8,559 15,899
Creditors: Amounts Falling Due Within One Year 5 (108,213 ) (73,385 )
NET CURRENT ASSETS (LIABILITIES) (99,654 ) (57,486 )
TOTAL ASSETS LESS CURRENT LIABILITIES (59,087 ) (19,178 )
Creditors: Amounts Falling Due After More Than One Year 6 (14,167 ) (24,167 )
NET LIABILITIES (73,254 ) (43,345 )
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Income Statement (74,254 ) (44,345 )
SHAREHOLDERS' FUNDS (73,254) (43,345)
Page 1
Page 2
For the year ending 31 December 2023 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 Income Statement.
On behalf of the board
Mr B M Mulvihill
Director
27/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bath Panel Store Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08817594 . The registered office is Unit 1 Manor Farm, Lower Rainham Road, Gillingham, Kent, ME7 2XH.
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. Going Concern Disclosure
At the year end the company had net liabilities of £43,651. Included within creditors is an amount of £32,355 owed to directors. The company is dependent on the financial support of the directors, who have continued to provide their support since the year end. The directors have confirmed that this amount will not be withdrawn until there are sufficient funds to do so. 
On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.
2.3. 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.
2.4. 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 25% on reducing balance
Motor Vehicles 25% on reducing balance
2.5. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.6. Financial Instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.
Basic financial instruments are recognised at amortised cost, with changes recognised in the income statement.
2.7. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly inequity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 4)
4 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2023 153,553 - 153,553
Additions 1,962 11,000 12,962
As at 31 December 2023 155,515 11,000 166,515
Depreciation
As at 1 January 2023 115,245 - 115,245
Provided during the period 9,786 917 10,703
As at 31 December 2023 125,031 917 125,948
Net Book Value
As at 31 December 2023 30,484 10,083 40,567
As at 1 January 2023 38,308 - 38,308
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 25,733 11,269
Bank loans and overdrafts 10,000 10,000
Other taxes and social security 6,161 18,086
Other creditors 66,319 34,030
108,213 73,385
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 14,167 24,167
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4