Acorah Software Products - Accounts Production 16.1.200 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 01621132 Mrs A S Davies Mr A N Davies Mr J N Davies Mrs A S Davies iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01621132 2023-05-31 01621132 2024-05-31 01621132 2023-06-01 2024-05-31 01621132 frs-core:CurrentFinancialInstruments 2024-05-31 01621132 frs-core:ComputerEquipment 2023-06-01 2024-05-31 01621132 frs-core:FurnitureFittings 2023-06-01 2024-05-31 01621132 frs-core:MotorVehicles 2023-06-01 2024-05-31 01621132 frs-core:PlantMachinery 2024-05-31 01621132 frs-core:PlantMachinery 2023-06-01 2024-05-31 01621132 frs-core:PlantMachinery 2023-05-31 01621132 frs-core:ShareCapital 2024-05-31 01621132 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 01621132 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 01621132 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 01621132 frs-bus:SmallEntities 2023-06-01 2024-05-31 01621132 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 01621132 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 01621132 frs-bus:Director1 2023-06-01 2024-05-31 01621132 frs-bus:Director2 2023-06-01 2024-05-31 01621132 frs-bus:Director3 2023-06-01 2024-05-31 01621132 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 01621132 frs-countries:EnglandWales 2023-06-01 2024-05-31 01621132 2022-05-31 01621132 2023-05-31 01621132 2022-06-01 2023-05-31 01621132 frs-core:CurrentFinancialInstruments 2023-05-31 01621132 frs-core:ShareCapital 2023-05-31 01621132 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 01621132
Norman Davies T.V. & Video Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Deans
Gibson House Hurricane Close
Stafford
Staffordshire
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01621132
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,810 11,530
10,810 11,530
CURRENT ASSETS
Stocks 5 8,444 9,489
Debtors 6 2,511 5,691
Cash at bank and in hand 20,796 31,183
31,751 46,363
Creditors: Amounts Falling Due Within One Year 7 (53,363 ) (51,829 )
NET CURRENT ASSETS (LIABILITIES) (21,612 ) (5,466 )
TOTAL ASSETS LESS CURRENT LIABILITIES (10,802 ) 6,064
NET (LIABILITIES)/ASSETS (10,802 ) 6,064
CAPITAL AND RESERVES
Called up share capital 8 50 50
Profit and Loss Account (10,852 ) 6,014
SHAREHOLDERS' FUNDS (10,802) 6,064
Page 1
Page 2
For the year ending 31 May 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 A N Davies
Director
Mr J N Davies
Director
20 December 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
Norman Davies T.V. & Video Ltd is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of section 1a "Small Entities" and the Companies Act 2006.  The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policies adopted for the recognition of turnover are as follows:
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. This is usually on dispatch of the goods.
Revenue from asset rentals under an operating lease is recognised when each rental payment becomes due and charged to the profit and loss account on a straight line basis over the period of the lease.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributeable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Plant & Machinery 20% on cost
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 20% on cost
Computer Equipment 25% on cost
2.4. Leasing and Hire Purchase Contracts
Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the Profit and Loss Account as they become payable in accordance with the rules of the scheme.
2.7. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 June 2023 890,479
Additions 5,114
As at 31 May 2024 895,593
Depreciation
As at 1 June 2023 878,949
Provided during the period 5,834
As at 31 May 2024 884,783
Net Book Value
As at 31 May 2024 10,810
As at 1 June 2023 11,530
5. Stocks
2024 2023
£ £
Stock 8,444 9,489
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,511 5,285
Prepayments and accrued income - 406
2,511 5,691
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,954 6,633
Bank loans and overdrafts 7,859 -
Other taxes and social security 547 636
VAT 6,275 6,984
Other creditors 148 178
Accruals and deferred income 2,497 2,449
Directors' loan accounts 31,083 34,949
53,363 51,829
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50 50
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9. Other Commitments
The minimum lease payments under non-cancellable operating leases are £7,202 (2023: £16,184).
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