Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10672427 Mr L Wilkins Mrs J Wilkins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10672427 2023-03-31 10672427 2024-03-31 10672427 2023-04-01 2024-03-31 10672427 frs-core:CurrentFinancialInstruments 2024-03-31 10672427 frs-core:Non-currentFinancialInstruments 2024-03-31 10672427 frs-core:FurnitureFittings 2024-03-31 10672427 frs-core:FurnitureFittings 2023-04-01 2024-03-31 10672427 frs-core:FurnitureFittings 2023-03-31 10672427 frs-core:PlantMachinery 2024-03-31 10672427 frs-core:PlantMachinery 2023-04-01 2024-03-31 10672427 frs-core:PlantMachinery 2023-03-31 10672427 frs-core:ShareCapital 2024-03-31 10672427 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10672427 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10672427 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10672427 frs-bus:SmallEntities 2023-04-01 2024-03-31 10672427 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10672427 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10672427 frs-bus:Director1 2023-04-01 2024-03-31 10672427 frs-bus:Director2 2023-04-01 2024-03-31 10672427 frs-countries:EnglandWales 2023-04-01 2024-03-31 10672427 2022-03-31 10672427 2023-03-31 10672427 2022-04-01 2023-03-31 10672427 frs-core:CurrentFinancialInstruments 2023-03-31 10672427 frs-core:Non-currentFinancialInstruments 2023-03-31 10672427 frs-core:ShareCapital 2023-03-31 10672427 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10672427
Big Book Wholesale Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Altus Business Consulting Ltd
ICAEW
88-89 High Street
Wordsley
Stourbridge
West Midlands
DY8 5SB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10672427
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 130,593 170,743
130,593 170,743
CURRENT ASSETS
Stocks 5 455,039 506,131
Debtors 6 62,500 92,709
517,539 598,840
Creditors: Amounts Falling Due Within One Year 7 (521,150 ) (420,727 )
NET CURRENT ASSETS (LIABILITIES) (3,611 ) 178,113
TOTAL ASSETS LESS CURRENT LIABILITIES 126,982 348,856
Creditors: Amounts Falling Due After More Than One Year 8 (73,321 ) (101,750 )
NET ASSETS 53,661 247,106
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 53,660 247,105
SHAREHOLDERS' FUNDS 53,661 247,106
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Page 2
For the year ending 31 March 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 L Wilkins
Director
29 January 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Big Book Wholesale Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10672427 . The registered office is Big Book Wholesale Ltd, Dunstall Park Road, Derby, DE24 8HJ.
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 20% on Cost
Fixtures & Fittings 20% on Cost
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 11)
11 11
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 52,299 221,474 273,773
Additions 9,822 8,234 18,056
As at 31 March 2024 62,121 229,708 291,829
Depreciation
As at 1 April 2023 23,537 79,493 103,030
Provided during the period 5,634 52,572 58,206
As at 31 March 2024 29,171 132,065 161,236
Net Book Value
As at 31 March 2024 32,950 97,643 130,593
As at 1 April 2023 28,762 141,981 170,743
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5. Stocks
2024 2023
£ £
Stock 455,039 506,131
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 40,257 78,078
Other debtors 22,243 14,631
62,500 92,709
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 107,115 68,078
Bank loans and overdrafts 49,711 45,085
Other loans 25,454 24,943
Corporation tax 29,931 64,500
Other taxes and social security 28,495 12,170
Net wages 7,422 -
Other creditors 239,237 177,366
Accruals and deferred income 33,785 28,585
521,150 420,727
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 73,321 101,750
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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