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 01553497 Miss Antonia Ascroft Mr Samuel Ascroft Mr William Strettle Miss Angela Strettle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01553497 2023-06-30 01553497 2024-06-30 01553497 2023-07-01 2024-06-30 01553497 frs-core:CurrentFinancialInstruments 2024-06-30 01553497 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-06-30 01553497 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-07-01 2024-06-30 01553497 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-06-30 01553497 frs-core:FurnitureFittings 2024-06-30 01553497 frs-core:FurnitureFittings 2023-07-01 2024-06-30 01553497 frs-core:FurnitureFittings 2023-06-30 01553497 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 01553497 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 01553497 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-30 01553497 frs-core:MotorVehicles 2024-06-30 01553497 frs-core:MotorVehicles 2023-07-01 2024-06-30 01553497 frs-core:MotorVehicles 2023-06-30 01553497 frs-core:WithinOneYear 2024-06-30 01553497 frs-core:ShareCapital 2024-06-30 01553497 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 01553497 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01553497 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 01553497 frs-bus:SmallEntities 2023-07-01 2024-06-30 01553497 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 01553497 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 01553497 frs-bus:Director1 2023-07-01 2024-06-30 01553497 frs-bus:Director1 2023-06-30 01553497 frs-bus:Director1 2024-06-30 01553497 frs-bus:Director2 2023-07-01 2024-06-30 01553497 frs-bus:Director2 2023-06-30 01553497 frs-bus:Director2 2024-06-30 01553497 frs-bus:Director3 2023-07-01 2024-06-30 01553497 frs-bus:Director3 2023-06-30 01553497 frs-bus:Director3 2024-06-30 01553497 frs-bus:Director4 2023-07-01 2024-06-30 01553497 frs-bus:Director4 2023-06-30 01553497 frs-bus:Director4 2024-06-30 01553497 frs-countries:EnglandWales 2023-07-01 2024-06-30 01553497 2022-06-30 01553497 2023-06-30 01553497 2022-07-01 2023-06-30 01553497 frs-core:CurrentFinancialInstruments 2023-06-30 01553497 frs-core:WithinOneYear 2023-06-30 01553497 frs-core:ShareCapital 2023-06-30 01553497 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 01553497
Orchardcrown Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 01553497
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 6,567 7,689
Tangible Assets 5 196,376 143,024
202,943 150,713
CURRENT ASSETS
Stocks 6 525,000 696,000
Debtors 7 795,783 1,174,635
Cash at bank and in hand 1,833,822 617,373
3,154,605 2,488,008
Creditors: Amounts Falling Due Within One Year 8 (1,806,884 ) (1,508,288 )
NET CURRENT ASSETS (LIABILITIES) 1,347,721 979,720
TOTAL ASSETS LESS CURRENT LIABILITIES 1,550,664 1,130,433
PROVISIONS FOR LIABILITIES
Deferred Taxation (26,000 ) (22,000 )
NET ASSETS 1,524,664 1,108,433
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 1,524,564 1,108,333
SHAREHOLDERS' FUNDS 1,524,664 1,108,433
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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
Miss Antonia Ascroft
Director
24 January 2025
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Orchardcrown Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01553497 . The registered office is 586 Blackpool Road, Ashton, Preston, Lancashire, PR2 1JA.
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.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are measured at cost less accumulated amortisation and any accumulated impairment losses. It is amortised to the profit and loss account over its estimated economic life of 10 years.
2.4. 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:
Leasehold - 2% on cost
Motor Vehicles - 25% on written down value
Fixtures & Fittings - 10% to 25% on written down value
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. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
2.7. 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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2.8. 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 31 (2023: 29)
31 29
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 July 2023 11,219
As at 30 June 2024 11,219
Amortisation
As at 1 July 2023 3,530
Provided during the period 1,122
As at 30 June 2024 4,652
Net Book Value
As at 30 June 2024 6,567
As at 1 July 2023 7,689
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5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 July 2023 9,006 188,917 200,839 398,762
Additions - 78,460 23,283 101,743
Disposals - (33,495 ) - (33,495 )
As at 30 June 2024 9,006 233,882 224,122 467,010
Depreciation
As at 1 July 2023 2,639 164,302 88,797 255,738
Provided during the period 180 12,425 20,786 33,391
Disposals - (18,495 ) - (18,495 )
As at 30 June 2024 2,819 158,232 109,583 270,634
Net Book Value
As at 30 June 2024 6,187 75,650 114,539 196,376
As at 1 July 2023 6,367 24,615 112,042 143,024
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
6. Stocks
2024 2023
£ £
Stock - Goods for resale 525,000 696,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 92,457 7,198
Other debtors 703,326 1,167,437
795,783 1,174,635
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 602,400 567,443
Bank loans and overdrafts 62,424 109,153
Other creditors 661,833 498,979
Taxation and social security 480,227 332,713
1,806,884 1,508,288
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 62,424 109,153
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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 96,000 96,000
96,000 96,000
12. Directors Advances, Credits and Guarantees
Included within other creditors are the following loans from directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Miss Antonia Ascroft 48,000 (50,000 ) 58,920 - 56,920
Mr Samuel Ascroft 48,000 (50,000 ) 58,920 - 56,920
Mr William Strettle 92,052 (75,200 ) 155,000 - 171,852
Miss Angela Strettle 143,882 (75,200 ) 145,000 - 213,682
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13. Related Party Transactions
The company operates from premises owned by the directors. The company paid £196,000 during the year for rental of premises owned by Ms. A. M. Strettle and Mr. W. T. Strettle.
The company paid £42,640 during the year for rental of premises owned by directors Miss A. Ascroft and Mr. S. Ascroft.
The bank overdraft facility is secured on a personal property of Ms A. M. Strettle and Mr. W. T. Strettle.
Christmas Concepts Limited
Christmas Concepts Limited is a related party by virtue of the fact that Ms. A. M. Strettle, Mr. W. T. Strettle, Miss. A. E. Ascroft and Mr. S. J. W. Ascroft are directors and shareholders of that company. Transactions during the year and balances at 30th June 2024 with Christmas Concepts Limited were as follows:
Other debtors - £158,568 
Mrs Christmas Limited
Mrs Christmas Limited is a related party by virtue of the fact that Ms. A. M. Strettle and Mr. W. T. Strettle are directors and shareholders of that company. Transactions during the year and balances at 30th June 2024 with Mrs Christmas Limited were as follows:
Other creditors - £9,232
Beecroft Shows Limited
Beecroft Shows Limited is a related party by virtue of the fact that Miss A. Ascroft and S. Ascroft are directors and shareholders of that company. Transactions during the year and balances at 30th June 2024 with Beecroft Shows Limited were as follows:
Other creditors - £7,656
Unit 16 Limited
Unit 16 Limited is a related party by virtue of the fact that Miss A. Ascroft and S. Ascroft and are directors and shareholders of that company. Transactions during the year and balances at 30th June 2024 with Unit 16 Limited were as follows:
Rent - £96,000
Other debtors - £500,876
Estate of B. Strettle
Mrs. B. Strettle was the mother of Ms. A. M. Strettle and Mr. W. T. Strettle. At 30th June 2043 the company owed £79,883 to the estate of Mrs. B. Strettle and charged interest of £3,000 on this balance.
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