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 13271032 Mr Ben Flint Ms Ami Love iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13271032 2023-03-31 13271032 2024-03-31 13271032 2023-04-01 2024-03-31 13271032 frs-core:CurrentFinancialInstruments 2024-03-31 13271032 frs-core:MotorVehicles 2024-03-31 13271032 frs-core:MotorVehicles 2023-04-01 2024-03-31 13271032 frs-core:MotorVehicles 2023-03-31 13271032 frs-core:PlantMachinery 2024-03-31 13271032 frs-core:PlantMachinery 2023-04-01 2024-03-31 13271032 frs-core:PlantMachinery 2023-03-31 13271032 frs-core:ShareCapital 2024-03-31 13271032 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13271032 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13271032 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 13271032 frs-bus:SmallEntities 2023-04-01 2024-03-31 13271032 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13271032 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13271032 frs-bus:Director1 2023-04-01 2024-03-31 13271032 frs-bus:Director2 2023-04-01 2024-03-31 13271032 frs-countries:EnglandWales 2023-04-01 2024-03-31 13271032 2022-03-31 13271032 2023-03-31 13271032 2022-04-01 2023-03-31 13271032 frs-core:CurrentFinancialInstruments 2023-03-31 13271032 frs-core:ShareCapital 2023-03-31 13271032 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13271032
Ben Flint Plumbing and Heating Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13271032
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,347 6,798
16,347 6,798
CURRENT ASSETS
Stocks 5 1,000 1,100
Debtors 6 31,428 32,617
Cash at bank and in hand 20,890 13,621
53,318 47,338
Creditors: Amounts Falling Due Within One Year 7 (43,906 ) (33,512 )
NET CURRENT ASSETS (LIABILITIES) 9,412 13,826
TOTAL ASSETS LESS CURRENT LIABILITIES 25,759 20,624
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,106 ) (1,348 )
NET ASSETS 22,653 19,276
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 22,553 19,176
SHAREHOLDERS' FUNDS 22,653 19,276
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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 Ben Flint
Director
28/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Ben Flint Plumbing and Heating Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13271032 . The registered office is 11 Trinity Street, Bungay, Suffolk, NR35 1EH.
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 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% reducing balance
Motor Vehicles 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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 4,053 11,415 15,468
Additions 1,356 19,000 20,356
Disposals - (11,415 ) (11,415 )
As at 31 March 2024 5,409 19,000 24,409
...CONTINUED
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Depreciation
As at 1 April 2023 2,761 5,909 8,670
Provided during the period 551 (1,994 ) (1,443 )
Disposals - 835 835
As at 31 March 2024 3,312 4,750 8,062
Net Book Value
As at 31 March 2024 2,097 14,250 16,347
As at 1 April 2023 1,292 5,506 6,798
5. Stocks
2024 2023
£ £
Stock 1,000 1,100
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 28,840 30,154
Prepayments and accrued income 954 877
CIS debtor 1,634 1,586
31,428 32,617
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,221 -
Corporation tax 4,223 3,275
VAT 9,522 6,723
CIS Creditor - 103
Accruals and deferred income 1,131 949
Directors' loan accounts 25,809 22,462
43,906 33,512
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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