Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 08250466 Gary Clarke Samuel Murphy Adam Newman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08250466 2023-06-30 08250466 2024-06-30 08250466 2023-07-01 2024-06-30 08250466 frs-core:CurrentFinancialInstruments 2024-06-30 08250466 frs-core:Non-currentFinancialInstruments 2024-06-30 08250466 frs-core:FurnitureFittings 2024-06-30 08250466 frs-core:FurnitureFittings 2023-07-01 2024-06-30 08250466 frs-core:FurnitureFittings 2023-06-30 08250466 frs-core:MotorVehicles 2024-06-30 08250466 frs-core:MotorVehicles 2023-07-01 2024-06-30 08250466 frs-core:MotorVehicles 2023-06-30 08250466 frs-core:PlantMachinery 2024-06-30 08250466 frs-core:PlantMachinery 2023-07-01 2024-06-30 08250466 frs-core:PlantMachinery 2023-06-30 08250466 frs-core:ShareCapital 2024-06-30 08250466 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 08250466 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08250466 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 08250466 frs-bus:SmallEntities 2023-07-01 2024-06-30 08250466 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 08250466 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 08250466 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-06-30 08250466 frs-bus:Director1 2023-07-01 2024-06-30 08250466 frs-bus:Director2 2023-07-01 2024-06-30 08250466 frs-bus:Director3 2023-07-01 2024-06-30 08250466 frs-core:CurrentFinancialInstruments 1 2024-06-30 08250466 frs-core:CurrentFinancialInstruments 2 2024-06-30 08250466 frs-core:CurrentFinancialInstruments 3 2024-06-30 08250466 frs-core:CurrentFinancialInstruments 4 2024-06-30 08250466 frs-countries:EnglandWales 2023-07-01 2024-06-30 08250466 2022-06-30 08250466 2023-06-30 08250466 2022-07-01 2023-06-30 08250466 frs-core:CurrentFinancialInstruments 2023-06-30 08250466 frs-core:Non-currentFinancialInstruments 2023-06-30 08250466 frs-core:ShareCapital 2023-06-30 08250466 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 08250466 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-06-30 08250466 frs-core:CurrentFinancialInstruments 1 2023-06-30 08250466 frs-core:CurrentFinancialInstruments 2 2023-06-30 08250466 frs-core:CurrentFinancialInstruments 3 2023-06-30 08250466 frs-core:CurrentFinancialInstruments 4 2023-06-30
Registered number: 08250466
Sement Bricklaying Contractors Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08250466
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,967 6,625
Investment Properties 5 225,000 192,933
229,967 199,558
CURRENT ASSETS
Debtors 6 105,955 229,955
Cash at bank and in hand 229,121 218,459
335,076 448,414
Creditors: Amounts Falling Due Within One Year 7 (294,405 ) (311,192 )
NET CURRENT ASSETS (LIABILITIES) 40,671 137,222
TOTAL ASSETS LESS CURRENT LIABILITIES 270,638 336,780
Creditors: Amounts Falling Due After More Than One Year 8 (155,221 ) (199,932 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,000 ) -
NET ASSETS 107,417 136,848
CAPITAL AND RESERVES
Called up share capital 9 250 250
Fair value reserve 10 24,067 -
Profit and Loss Account 83,100 136,598
SHAREHOLDERS' FUNDS 107,417 136,848
Page 1
Page 2
For the year ending 30 June 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
Samuel Murphy
Director
17 January 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sement Bricklaying Contractors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08250466 . The registered office is Unit 2 River Court, Kingsmill Road, Saltash, Cornwall, PL12 6LE.
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
Fixtures & Fittings 25% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 15 (2023: 17)
15 17
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost or Valuation
As at 1 July 2023 8,324 40,674 2,093 51,091
As at 30 June 2024 8,324 40,674 2,093 51,091
Depreciation
As at 1 July 2023 7,402 35,604 1,460 44,466
Provided during the period 231 1,268 159 1,658
As at 30 June 2024 7,633 36,872 1,619 46,124
Net Book Value
As at 30 June 2024 691 3,802 474 4,967
As at 1 July 2023 922 5,070 633 6,625
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5. Investment Property
2024
£
Fair Value
As at 1 July 2023 192,933
Revaluations 32,067
As at 30 June 2024 225,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 192,933 192,933
The investment property was valued at £225,000 by the directors who, by virtue of being in the house building industry, are qualified to accurately value the property.
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 82,764 187,431
S455 recoverable - 30,176
Rent deposit - Bridge Court 1,700 -
VAT 21,491 12,348
105,955 229,955
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 43,782 46,909
Bank loans and overdrafts 23,116 28,208
Corporation tax 74,822 98,202
Other taxes and social security 18,694 27,544
Directors loan account - Sam 23,010 3,198
Directors loan account - Adam 935 18,837
Directors loan account - Gary 2,796 20,190
Accruals and deferred income 107,250 68,104
294,405 311,192
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 155,221 199,932
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 250 250
10. Reserves
Fair Value Reserve
£
Movements in fair value reserve 24,067
As at 30 June 2024 24,067
Page 6