Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 02697266 Mr Jeremy Ross Alexander Russell Mr Jonathan William Fort Mr Jeremy Ross Alexander Russell true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02697266 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2024-04-30 02697266 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2024-04-30 02697266 2023-04-30 02697266 2024-04-30 02697266 2023-05-01 2024-04-30 02697266 frs-core:CurrentFinancialInstruments 2024-04-30 02697266 frs-core:Non-currentFinancialInstruments 2024-04-30 02697266 frs-core:BetweenOneFiveYears 2024-04-30 02697266 frs-core:ComputerEquipment 2024-04-30 02697266 frs-core:ComputerEquipment 2023-05-01 2024-04-30 02697266 frs-core:ComputerEquipment 2023-04-30 02697266 frs-core:FurnitureFittings 2024-04-30 02697266 frs-core:FurnitureFittings 2023-05-01 2024-04-30 02697266 frs-core:FurnitureFittings 2023-04-30 02697266 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 02697266 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 02697266 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 02697266 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 02697266 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02697266 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 02697266 frs-core:MotorVehicles 2024-04-30 02697266 frs-core:MotorVehicles 2023-05-01 2024-04-30 02697266 frs-core:MotorVehicles 2023-04-30 02697266 frs-core:PlantMachinery 2024-04-30 02697266 frs-core:PlantMachinery 2023-05-01 2024-04-30 02697266 frs-core:PlantMachinery 2023-04-30 02697266 frs-core:WithinOneYear 2024-04-30 02697266 frs-core:ShareCapital 2024-04-30 02697266 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 02697266 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02697266 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 02697266 frs-bus:SmallEntities 2023-05-01 2024-04-30 02697266 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 02697266 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 02697266 frs-bus:OrdinaryShareClass2 2023-05-01 2024-04-30 02697266 frs-bus:OrdinaryShareClass2 2024-04-30 02697266 frs-bus:OrdinaryShareClass3 2023-05-01 2024-04-30 02697266 frs-bus:OrdinaryShareClass3 2024-04-30 02697266 frs-bus:OrdinaryShareClass4 2023-05-01 2024-04-30 02697266 frs-bus:OrdinaryShareClass4 2024-04-30 02697266 1 2023-05-01 2024-04-30 02697266 frs-bus:Director1 2023-05-01 2024-04-30 02697266 frs-bus:Director1 2023-04-30 02697266 frs-bus:Director1 2024-04-30 02697266 frs-bus:Director2 2023-05-01 2024-04-30 02697266 frs-bus:Director2 2023-04-30 02697266 frs-bus:Director2 2024-04-30 02697266 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 02697266 frs-countries:EnglandWales 2023-05-01 2024-04-30 02697266 frs-countries:EnglandWales 2023-05-01 2024-04-30 02697266 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2023-04-30 02697266 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2023-04-30 02697266 2022-04-30 02697266 2023-04-30 02697266 2022-05-01 2023-04-30 02697266 frs-core:CurrentFinancialInstruments 2023-04-30 02697266 frs-core:Non-currentFinancialInstruments 2023-04-30 02697266 frs-core:BetweenOneFiveYears 2023-04-30 02697266 frs-core:WithinOneYear 2023-04-30 02697266 frs-core:ShareCapital 2023-04-30 02697266 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 02697266 frs-bus:OrdinaryShareClass2 2022-05-01 2023-04-30 02697266 frs-bus:OrdinaryShareClass3 2022-05-01 2023-04-30 02697266 frs-bus:OrdinaryShareClass4 2022-05-01 2023-04-30
Registered number: 02697266
Noble-Russell-Furniture Ltd.
Unaudited Financial Statements
For The Year Ended 30 April 2024
Max Accountants Ltd
Ketton Suite
The King Centre
Oakham
Rutland
LE15 7WD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02697266
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 632,045 571,295
632,045 571,295
CURRENT ASSETS
Stocks 5 13,491 21,771
Debtors 6 197,361 161,142
Cash at bank and in hand 257,066 304,196
467,918 487,109
Creditors: Amounts Falling Due Within One Year 7 (551,782 ) (488,640 )
NET CURRENT ASSETS (LIABILITIES) (83,864 ) (1,531 )
TOTAL ASSETS LESS CURRENT LIABILITIES 548,181 569,764
Creditors: Amounts Falling Due After More Than One Year 8 (283,800 ) (277,630 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (26,715 ) (15,173 )
NET ASSETS 237,666 276,961
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 236,666 275,961
SHAREHOLDERS' FUNDS 237,666 276,961
Page 1
Page 2
For the year ending 30 April 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 Jeremy Ross Alexander Russell
Director
20 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
Noble-Russell-Furniture Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 02697266 . The registered office is Station Road, Uppingham, Rutland, LE15 9TX.
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 recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
Freehold No depreciation
Leasehold 3 years straight line
Plant & Machinery 20% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 50% on 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. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.6. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price including transaction costs.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities.
Page 3
Page 4
2.7. Taxation
Tax is recognised in profit or loss except that a charge is attributable to an item of income and expense recognised as other comphrehensive income or to an item recognised directly in equity is also recognised in other comphrehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
2.8. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: 13)
14 13
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 May 2023 491,439 6,000 109,072 64,916
Additions - - 76,857 -
As at 30 April 2024 491,439 6,000 185,929 64,916
Depreciation
As at 1 May 2023 - 301 81,619 29,928
Provided during the period - 2,000 12,772 8,747
As at 30 April 2024 - 2,301 94,391 38,675
Net Book Value
As at 30 April 2024 491,439 3,699 91,538 26,241
As at 1 May 2023 491,439 5,699 27,453 34,988
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 39,657 55,300 766,384
Additions 11,535 - 88,392
As at 30 April 2024 51,192 55,300 854,776
Depreciation
As at 1 May 2023 29,954 53,287 195,089
Provided during the period 2,626 1,497 27,642
As at 30 April 2024 32,580 54,784 222,731
Net Book Value
As at 30 April 2024 18,612 516 632,045
As at 1 May 2023 9,703 2,013 571,295
Page 4
Page 5
5. Stocks
2024 2023
£ £
Stock 13,491 13,491
Work in progress - 8,280
13,491 21,771
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 127,449 144,027
Prepayments and accrued income 16,003 14,992
Other debtors 3,233 2,083
Directors' loan accounts 676 40
Amounts owed by subsidiaries 50,000 -
197,361 161,142
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 26,804 101,772
Bank loans and overdrafts 50,243 50,243
Other loans 24,972 3,634
Corporation tax 33,961 66,480
Other taxes and social security 5,997 4,055
VAT 76,804 28,434
Net wages 5,481 -
Other creditors 4,648 9,162
Accruals and deferred income 322,872 224,860
551,782 488,640
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 206,694 242,272
Other loans 77,106 35,358
283,800 277,630
Page 5
Page 6
9. Loans
An analysis of the maturity of loans is given below:
2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 50,243 50,243
Other loans 24,972 3,634
75,215 53,877
2024 2023
£ £
Amounts falling due between one and five years:
Bank loans 206,694 242,272
Other loans 77,106 35,358
283,800 277,630
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
334 Ordinary A shares of £ 1.00 each 334 334
333 Ordinary B shares of £ 1.00 each 333 333
333 Ordinary C shares of £ 1.00 each 333 333
1,000 1,000
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 25,000 25,000
Later than one year and not later than five years 16,667 41,667
41,667 66,667
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Jeremy Russell (443 ) - - - (443 )
Mr Jonathan Fort 237 - (470 ) - (233 )
The above loan is unsecured, interest free and repayable on demand.
13. Controlling Parties
The company's immediate parent undertaking is Noble Russell Holdings Ltd .
The ultimate parent undertaking is (incorporated in England & Wales). Its registered office is Station Road, Uppingham, Rutland, United Kingdom, LE15 9TX .
Page 6