Acorah Software Products - Accounts Production 16.0.110 true true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 07540457 David Ward Zoe Ward iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07540457 2023-02-28 07540457 2024-02-29 07540457 2023-03-01 2024-02-29 07540457 frs-core:CurrentFinancialInstruments 2024-02-29 07540457 frs-core:FurnitureFittings 2024-02-29 07540457 frs-core:FurnitureFittings 2023-03-01 2024-02-29 07540457 frs-core:FurnitureFittings 2023-02-28 07540457 frs-core:ShareCapital 2024-02-29 07540457 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 07540457 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07540457 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 07540457 frs-bus:SmallEntities 2023-03-01 2024-02-29 07540457 frs-bus:EntityNoLongerTradingButTradedInPast 2023-03-01 2024-02-29 07540457 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 07540457 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 07540457 frs-core:DeferredTaxation 2023-02-28 07540457 frs-core:DeferredTaxation 2024-02-29 07540457 frs-bus:Director1 2023-03-01 2024-02-29 07540457 frs-bus:Director2 2023-03-01 2024-02-29 07540457 frs-countries:EnglandWales 2023-03-01 2024-02-29 07540457 2022-02-28 07540457 2023-02-28 07540457 2022-03-01 2023-02-28 07540457 frs-core:CurrentFinancialInstruments 2023-02-28 07540457 frs-core:ShareCapital 2023-02-28 07540457 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 07540457
Advanced Property Concepts Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07540457
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 670 670
670 670
CURRENT ASSETS
Stocks 5 131,253 131,140
Debtors 100 100
Cash at bank and in hand 4,285 4,285
135,638 135,525
Creditors: Amounts Falling Due Within One Year 6 (133,809 ) (133,696 )
NET CURRENT ASSETS (LIABILITIES) 1,829 1,829
TOTAL ASSETS LESS CURRENT LIABILITIES 2,499 2,499
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (127 ) (127 )
NET ASSETS 2,372 2,372
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 2,272 2,272
SHAREHOLDERS' FUNDS 2,372 2,372
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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
David Ward
Director
30/11/2024
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
Advanced Property Concepts Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07540457 . The registered office is 26 Bladon Close, Mapperley, Nottingham, Nottinghamshire, NG3 5FY.
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. 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:
Fixtures & Fittings - 20% on reducing balance
2.3. 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: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 March 2023 3,405
As at 29 February 2024 3,405
Depreciation
As at 1 March 2023 2,735
As at 29 February 2024 2,735
Net Book Value
As at 29 February 2024 670
As at 1 March 2023 670
5. Stocks
2024 2023
£ £
Stock 91,500 91,500
Materials 14,730 14,730
Work in progress 25,023 24,910
131,253 131,140
Page 3
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 1,954 1,841
Directors' loan accounts 131,855 131,855
133,809 133,696
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 127 127
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 March 2023 127 127
Balance at 29 February 2024 127 127
The provision for deferred tax is made up of accelerated capital allowances.
9. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 100 100
Amount of Allotted, Called Up Share Capital 100 100
Page 4