Acorah Software Products - Accounts Production 16.1.300 false true false 3 May 2023 31 May 2024 31 May 2024 14845213 Mr Ciaran Treanor the director true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14845213 2023-05-02 14845213 2024-05-31 14845213 2023-05-03 2024-05-31 14845213 frs-core:CurrentFinancialInstruments 2024-05-31 14845213 frs-core:MotorVehicles 2024-05-31 14845213 frs-core:MotorVehicles 2023-05-03 2024-05-31 14845213 frs-core:MotorVehicles 2023-05-02 14845213 frs-core:PlantMachinery 2024-05-31 14845213 frs-core:PlantMachinery 2023-05-03 2024-05-31 14845213 frs-core:PlantMachinery 2023-05-02 14845213 frs-core:ShareCapital 2024-05-31 14845213 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 14845213 frs-bus:PrivateLimitedCompanyLtd 2023-05-03 2024-05-31 14845213 frs-bus:FilletedAccounts 2023-05-03 2024-05-31 14845213 frs-bus:SmallEntities 2023-05-03 2024-05-31 14845213 frs-bus:AuditExempt-NoAccountantsReport 2023-05-03 2024-05-31 14845213 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-03 2024-05-31 14845213 1 2023-05-03 2024-05-31 14845213 frs-bus:Director1 2023-05-03 2024-05-31 14845213 frs-bus:Director1 2023-05-02 14845213 frs-bus:Director1 2024-05-31 14845213 frs-countries:EnglandWales 2023-05-03 2024-05-31
Registered number: 14845213
Norfolk Current Ltd
Unaudited Financial Statements
For the Period 3 May 2023 to 31 May 2024
Graver & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14845213
31 May 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 2,065
2,065
CURRENT ASSETS
Stocks 5 1,000
Debtors 6 16,323
Cash at bank and in hand 5,691
23,014
Creditors: Amounts Falling Due Within One Year 7 (5,466 )
NET CURRENT ASSETS (LIABILITIES) 17,548
TOTAL ASSETS LESS CURRENT LIABILITIES 19,613
NET ASSETS 19,613
CAPITAL AND RESERVES
Called up share capital 8 1
Profit and Loss Account 19,612
SHAREHOLDERS' FUNDS 19,613
Page 1
Page 2
For the period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Ciaran Treanor
Director
30th 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
Norfolk Current Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14845213 . The registered office is 117 Marlborough Road, Norwich, NR3 4PL.
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. All income is derived from activities within the UK.
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 25% Reducing Balance
Motor Vehicles 25% 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. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 3 May 2023 - - -
Additions 954 1,800 2,754
As at 31 May 2024 954 1,800 2,754
Depreciation
As at 3 May 2023 - - -
Provided during the period 239 450 689
As at 31 May 2024 239 450 689
Net Book Value
As at 31 May 2024 715 1,350 2,065
As at 3 May 2023 - - -
5. Stocks
31 May 2024
£
Materials 1,000
6. Debtors
31 May 2024
£
Due within one year
Trade debtors 2,954
Other debtors 13,369
16,323
7. Creditors: Amounts Falling Due Within One Year
31 May 2024
£
Trade creditors 1,350
Taxation and social security 4,116
5,466
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8. Share Capital
31 May 2024
£
Allotted, Called up and fully paid 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 3 May 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr Ciaran Treanor - 28,109 14,998 - 13,111
The above loan is unsecured, interest free and repayable on demand.
10. Ultimate Controlling Party
The company's ultimate controlling party is the director by virtue of his ownership of 100% of the issued share capital in the company.
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