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 01000507 Mr R P Newton Mr T Turner false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01000507 2023-04-30 01000507 2024-04-30 01000507 2023-05-01 2024-04-30 01000507 frs-core:Non-currentFinancialInstruments 2024-04-30 01000507 frs-core:ComputerEquipment 2023-05-01 2024-04-30 01000507 frs-core:FurnitureFittings 2023-05-01 2024-04-30 01000507 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01000507 frs-core:MotorVehicles 2023-05-01 2024-04-30 01000507 frs-core:PlantMachinery 2023-05-01 2024-04-30 01000507 frs-core:RevaluationReserve 2024-04-30 01000507 frs-core:ShareCapital 2024-04-30 01000507 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 01000507 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 01000507 frs-bus:AbridgedAccounts 2023-05-01 2024-04-30 01000507 frs-bus:SmallEntities 2023-05-01 2024-04-30 01000507 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 01000507 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 01000507 1 2023-05-01 2024-04-30 01000507 frs-bus:Director1 2023-05-01 2024-04-30 01000507 frs-bus:Director2 2023-05-01 2024-04-30 01000507 frs-countries:EnglandWales 2023-05-01 2024-04-30 01000507 2022-04-30 01000507 2023-04-30 01000507 2022-05-01 2023-04-30 01000507 frs-core:Non-currentFinancialInstruments 2023-04-30 01000507 frs-core:RevaluationReserve 2023-04-30 01000507 frs-core:ShareCapital 2023-04-30 01000507 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 01000507
Cottingham Joinery Company Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 April 2024
360 Accountants Limited
19 Albion Street
Hull
HU13TG
Contents
Page
Company Information 1
Abridged Balance Sheet 2—3
Notes to the Abridged Financial Statements 4—5
Page 1
Company Information
Directors Mr R P Newton
Mr T Turner
Company Number 01000507
Registered Office Beckside North
Beverley
East Yorkshire
HU17 0PR
Accountants 360 Accountants Limited
19 Albion Street
Hull
HU13TG
Bankers HSBC
55 Whitefriargate
Hull
East Yorkshire
HU1 2HX
Page 1
Page 2
Abridged Balance Sheet
Registered number: 01000507
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 156,301 9,344
156,301 9,344
CURRENT ASSETS
Stocks 36,710 28,491
Debtors 90,138 106,805
Cash at bank and in hand 11,708 64,230
138,556 199,526
Creditors: Amounts Falling Due Within One Year (132,475 ) (127,061 )
NET CURRENT ASSETS (LIABILITIES) 6,081 72,465
TOTAL ASSETS LESS CURRENT LIABILITIES 162,382 81,809
Creditors: Amounts Falling Due After More Than One Year (26,623 ) (33,207 )
NET ASSETS 135,759 48,602
CAPITAL AND RESERVES
Called up share capital 5 100 100
Revaluation reserve 45,625 -
Profit and Loss Account 90,034 48,502
SHAREHOLDERS' FUNDS 135,759 48,602
Page 2
Page 3
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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 April 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr R P Newton
Director
Mr T Turner
Director
30th January 2025
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Abridged Financial Statements
1. General Information
Cottingham Joinery Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01000507 . The registered office is Beckside North, Beverley, East Yorkshire, HU17 0PR.
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:
Freehold Revaluation Basis
Plant & Machinery 10% Straight Line Depreciation
Motor Vehicles 20% Straight Line Depreciation
Fixtures & Fittings 20% Straight Line Depreciation
Computer Equipment 20% Straight Line Depreciation
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.
...CONTINUED
Page 4
Page 5
2.5. Taxation - continued
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.
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 12)
12 12
4. Tangible Assets
Total
£
Cost or Valuation
As at 1 May 2023 277,331
Revaluation 45,625
As at 30 April 2024 322,956
Depreciation
As at 1 May 2023 267,987
Provided during the period 3,043
On revaluations (104,375 )
As at 30 April 2024 166,655
Net Book Value
As at 30 April 2024 156,301
As at 1 May 2023 9,344
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
6. Controlling Party
In the opinion of the directors there is no ultimate controlling party.
Page 5