Acorah Software Products - Accounts Production 16.1.200 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 1042541 N Shepherdson R Shepherdson S Shepherdson S Shepherdson N Shepherdson and S Shepherdson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 1042541 2023-08-31 1042541 2024-08-31 1042541 2023-09-01 2024-08-31 1042541 frs-core:CurrentFinancialInstruments 2024-08-31 1042541 frs-core:FurnitureFittings 2024-08-31 1042541 frs-core:FurnitureFittings 2023-09-01 2024-08-31 1042541 frs-core:FurnitureFittings 2023-08-31 1042541 frs-core:NetGoodwill 2024-08-31 1042541 frs-core:NetGoodwill 2023-09-01 2024-08-31 1042541 frs-core:NetGoodwill 2023-08-31 1042541 frs-core:MotorVehicles 2024-08-31 1042541 frs-core:MotorVehicles 2023-09-01 2024-08-31 1042541 frs-core:MotorVehicles 2023-08-31 1042541 frs-core:OtherReservesSubtotal 2024-08-31 1042541 frs-core:ShareCapital 2024-08-31 1042541 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 1042541 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 1042541 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 1042541 frs-bus:SmallEntities 2023-09-01 2024-08-31 1042541 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 1042541 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 1042541 1 2023-09-01 2024-08-31 1042541 frs-bus:Director1 2023-09-01 2024-08-31 1042541 frs-bus:Director2 2023-09-01 2024-08-31 1042541 frs-bus:Director3 2023-09-01 2024-08-31 1042541 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 1042541 frs-core:CurrentFinancialInstruments 1 2024-08-31 1042541 frs-countries:EnglandWales 2023-09-01 2024-08-31 1042541 2022-08-31 1042541 2023-08-31 1042541 2022-09-01 2023-08-31 1042541 frs-core:CurrentFinancialInstruments 2023-08-31 1042541 frs-core:OtherReservesSubtotal 2023-08-31 1042541 frs-core:ShareCapital 2023-08-31 1042541 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 1042541 frs-core:CurrentFinancialInstruments 1 2023-08-31
Registered number: 1042541
NORRIS STEAM SERVICES (LONDON) LTD
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 1042541
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 5,000 5,000
Tangible Assets 5 36,697 41,433
41,697 46,433
CURRENT ASSETS
Stocks 6 48,774 50,471
Debtors 7 1,015,848 564,079
Cash at bank and in hand 78,349 388,694
1,142,971 1,003,244
Creditors: Amounts Falling Due Within One Year 8 (214,864 ) (184,891 )
NET CURRENT ASSETS (LIABILITIES) 928,107 818,353
TOTAL ASSETS LESS CURRENT LIABILITIES 969,804 864,786
NET ASSETS 969,804 864,786
CAPITAL AND RESERVES
Called up share capital 9 73 73
Other reserves 26,720 26,720
Profit and Loss Account 943,011 837,993
SHAREHOLDERS' FUNDS 969,804 864,786
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Page 2
For the year ending 31 August 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
N Shepherdson
Director
17 January 2025
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
NORRIS STEAM SERVICES (LONDON) LTD Registered number 1042541 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit 6C Crystal Court, Sheep Lane, London, E8 4QS.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 10% reducing balance
2.5. 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.
2.6. 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.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 6 6
6 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 5,000
As at 31 August 2024 5,000
Net Book Value
As at 31 August 2024 5,000
As at 1 September 2023 5,000
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2023 68,922 17,316 86,238
Additions 25,848 - 25,848
Disposals (24,683 ) - (24,683 )
As at 31 August 2024 70,087 17,316 87,403
Depreciation
As at 1 September 2023 28,292 16,513 44,805
Provided during the period 11,991 80 12,071
Disposals (6,170 ) - (6,170 )
As at 31 August 2024 34,113 16,593 50,706
Net Book Value
As at 31 August 2024 35,974 723 36,697
As at 1 September 2023 40,630 803 41,433
6. Stocks
2024 2023
£ £
Stock 48,774 50,471
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 52,703 81,455
Other debtors 13,911 13,911
Other debtors (1) 54,246 54,246
Amounts owed by other participating interests 894,988 414,467
1,015,848 564,079
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 86,759 93,349
Corporation tax 74,249 28,387
Other creditors 53,856 63,155
214,864 184,891
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 73 73
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
11. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 24,000 145,000
12. Ultimate Controlling Party
The company's ultimate controlling parties are N Shepherdson and S Shepherdson by virtue of their ownership of 33% of the issued share capital in the company.
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