Acorah Software Products - Accounts Production 16.1.200 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 07025995 Ms M Singleton Ms M Singleton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07025995 2023-09-30 07025995 2024-09-30 07025995 2023-10-01 2024-09-30 07025995 frs-core:CurrentFinancialInstruments 2024-09-30 07025995 frs-core:FurnitureFittings 2024-09-30 07025995 frs-core:FurnitureFittings 2023-10-01 2024-09-30 07025995 frs-core:FurnitureFittings 2023-09-30 07025995 frs-core:ShareCapital 2024-09-30 07025995 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 07025995 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07025995 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 07025995 frs-bus:SmallEntities 2023-10-01 2024-09-30 07025995 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 07025995 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07025995 frs-bus:Director1 2023-10-01 2024-09-30 07025995 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 07025995 frs-countries:EnglandWales 2023-10-01 2024-09-30 07025995 2022-09-30 07025995 2023-09-30 07025995 2022-10-01 2023-09-30 07025995 frs-core:CurrentFinancialInstruments 2023-09-30 07025995 frs-core:ShareCapital 2023-09-30 07025995 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 07025995
Barbers of Corn Street Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07025995
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,144 397
1,144 397
CURRENT ASSETS
Stocks 5 35 39
Debtors 6 3,664 4,611
Cash at bank and in hand 45,105 32,704
48,804 37,354
Creditors: Amounts Falling Due Within One Year 7 (18,809 ) (12,717 )
NET CURRENT ASSETS (LIABILITIES) 29,995 24,637
TOTAL ASSETS LESS CURRENT LIABILITIES 31,139 25,034
PROVISIONS FOR LIABILITIES
Deferred Taxation (218 ) (76 )
NET ASSETS 30,921 24,958
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 30,920 24,957
SHAREHOLDERS' FUNDS 30,921 24,958
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For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Ms M Singleton
Director
30 December 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Barbers of Corn Street Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07025995 . The registered office is 18 Flax Crescent, Carterton, Oxfordshire, OX18 1NA.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable for services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
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:
Fixtures & Fittings 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.
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: 1 (2023: 1)
1 1
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 October 2023 3,885
Additions 1,129
As at 30 September 2024 5,014
Depreciation
As at 1 October 2023 3,488
Provided during the period 382
As at 30 September 2024 3,870
Net Book Value
As at 30 September 2024 1,144
As at 1 October 2023 397
5. Stocks
2024 2023
£ £
Finished goods 35 39
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,856 4,026
Prepayments and accrued income 808 585
3,664 4,611
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 2,709 3,095
Other creditors - 103
Accruals and deferred income 1,889 1,640
Director's loan account 14,211 7,879
18,809 12,717
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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