Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 6470572 Mr Stuart Anthony Robbins Mr Nigel Keith Speight iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 6470572 2023-03-31 6470572 2024-03-31 6470572 2023-04-01 2024-03-31 6470572 frs-core:CurrentFinancialInstruments 2024-03-31 6470572 frs-core:NetGoodwill 2024-03-31 6470572 frs-core:NetGoodwill 2023-04-01 2024-03-31 6470572 frs-core:NetGoodwill 2023-03-31 6470572 frs-core:MotorVehicles 2024-03-31 6470572 frs-core:MotorVehicles 2023-04-01 2024-03-31 6470572 frs-core:MotorVehicles 2023-03-31 6470572 frs-core:PlantMachinery 2024-03-31 6470572 frs-core:PlantMachinery 2023-04-01 2024-03-31 6470572 frs-core:PlantMachinery 2023-03-31 6470572 frs-core:ShareCapital 2024-03-31 6470572 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 6470572 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 6470572 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 6470572 frs-bus:SmallEntities 2023-04-01 2024-03-31 6470572 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 6470572 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 6470572 frs-bus:Director1 2023-04-01 2024-03-31 6470572 frs-bus:Director2 2023-04-01 2024-03-31 6470572 frs-countries:EnglandWales 2023-04-01 2024-03-31 6470572 2022-03-31 6470572 2023-03-31 6470572 2022-04-01 2023-03-31 6470572 frs-core:CurrentFinancialInstruments 2023-03-31 6470572 frs-core:ShareCapital 2023-03-31 6470572 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 6470572
Buzz Scaffolding Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
LHB Accountancy LTD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 6470572
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 5,259 6,414
5,259 6,414
CURRENT ASSETS
Debtors 6 12,879 18,044
Cash at bank and in hand 29,799 40,928
42,678 58,972
Creditors: Amounts Falling Due Within One Year 7 (28,127 ) (25,760 )
NET CURRENT ASSETS (LIABILITIES) 14,551 33,212
TOTAL ASSETS LESS CURRENT LIABILITIES 19,810 39,626
NET ASSETS 19,810 39,626
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 19,808 39,624
SHAREHOLDERS' FUNDS 19,810 39,626
Page 1
Page 2
For the year ending 31 March 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 Stuart Anthony Robbins
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
Buzz Scaffolding Limited is a private company, limited by shares, incorporated in England & Wales, registered number 6470572 . The registered office is 23 Rydon Road, Kingsteignton, NEWTON ABBOT, TQ12 3LP.
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 10 years.
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 18% on written down value
Motor Vehicles 18% on written down value
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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 76,500
As at 31 March 2024 76,500
Amortisation
As at 1 April 2023 76,500
As at 31 March 2024 76,500
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 35,179 31,450 66,629
As at 31 March 2024 35,179 31,450 66,629
Depreciation
As at 1 April 2023 30,321 29,894 60,215
Provided during the period 875 280 1,155
As at 31 March 2024 31,196 30,174 61,370
Net Book Value
As at 31 March 2024 3,983 1,276 5,259
As at 1 April 2023 4,858 1,556 6,414
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,584 17,777
Prepayments and accrued income 295 267
12,879 18,044
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 12,326 12,554
Other taxes and social security 526 1,003
VAT 11,340 4,246
Other creditors 1,519 1,401
Directors' loan accounts 2,416 6,556
28,127 25,760
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5