Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 11986135 Mr Richard Whitton Mrs Azadeh Whitton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11986135 2023-05-31 11986135 2024-05-31 11986135 2023-06-01 2024-05-31 11986135 frs-core:CurrentFinancialInstruments 2024-05-31 11986135 frs-core:Non-currentFinancialInstruments 2024-05-31 11986135 frs-core:BetweenOneFiveYears 2024-05-31 11986135 frs-core:ComputerEquipment 2024-05-31 11986135 frs-core:ComputerEquipment 2023-06-01 2024-05-31 11986135 frs-core:ComputerEquipment 2023-05-31 11986135 frs-core:NetGoodwill 2024-05-31 11986135 frs-core:NetGoodwill 2023-06-01 2024-05-31 11986135 frs-core:NetGoodwill 2023-05-31 11986135 frs-core:MotorVehicles 2024-05-31 11986135 frs-core:MotorVehicles 2023-06-01 2024-05-31 11986135 frs-core:MotorVehicles 2023-05-31 11986135 frs-core:PlantMachinery 2024-05-31 11986135 frs-core:PlantMachinery 2023-06-01 2024-05-31 11986135 frs-core:PlantMachinery 2023-05-31 11986135 frs-core:WithinOneYear 2024-05-31 11986135 frs-core:ShareCapital 2024-05-31 11986135 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 11986135 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11986135 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 11986135 frs-bus:SmallEntities 2023-06-01 2024-05-31 11986135 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11986135 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11986135 frs-bus:Director1 2023-06-01 2024-05-31 11986135 frs-bus:Director1 2023-05-31 11986135 frs-bus:Director1 2024-05-31 11986135 frs-bus:Director2 2023-06-01 2024-05-31 11986135 frs-bus:Director2 2023-05-31 11986135 frs-bus:Director2 2024-05-31 11986135 frs-countries:EnglandWales 2023-06-01 2024-05-31 11986135 2022-05-31 11986135 2023-05-31 11986135 2022-06-01 2023-05-31 11986135 frs-core:CurrentFinancialInstruments 2023-05-31 11986135 frs-core:Non-currentFinancialInstruments 2023-05-31 11986135 frs-core:BetweenOneFiveYears 2023-05-31 11986135 frs-core:MotorVehicles 2022-06-01 2023-05-31 11986135 frs-core:PlantMachinery 2022-06-01 2023-05-31 11986135 frs-core:WithinOneYear 2023-05-31 11986135 frs-core:ShareCapital 2023-05-31 11986135 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 11986135
Polar Landscaping Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 11986135
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 2,000
Tangible Assets 5 79,750 82,898
79,750 84,898
CURRENT ASSETS
Stocks 6 4,000 5,000
Debtors 7 30,556 14,513
Cash at bank and in hand 400 2,396
34,956 21,909
Creditors: Amounts Falling Due Within One Year 8 (61,676 ) (44,885 )
NET CURRENT ASSETS (LIABILITIES) (26,720 ) (22,976 )
TOTAL ASSETS LESS CURRENT LIABILITIES 53,030 61,922
Creditors: Amounts Falling Due After More Than One Year 9 (37,004 ) (46,165 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,153 ) (15,751 )
NET ASSETS 873 6
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 871 4
SHAREHOLDERS' FUNDS 873 6
Page 1
Page 2
For the year 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 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 Richard Whitton
Director
27 January 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Polar Landscaping Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11986135 . The registered office is 138 High Street, Crediton, Devon, EX17 3DX. The principal place of business is 5 Old Ide Lane, Ide, Exeter, Devon, EX2 9RY.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 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:
Plant & Machinery 15% Reducing Value Basis
Motor Vehicles 20% Reducing Value Basis
Computer Equipment 20% Reducing Value Basis
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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.
2.7. Financial Instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Page 3
Page 4
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 year 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 asset reflects 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.
2.9. 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.
2.10. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
2.11. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2023 10,000
As at 31 May 2024 10,000
Amortisation
As at 1 June 2023 8,000
Provided during the period 2,000
As at 31 May 2024 10,000
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 2,000
Page 4
Page 5
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 37,290 72,689 217 110,196
Additions 13,765 - 381 14,146
As at 31 May 2024 51,055 72,689 598 124,342
Depreciation
As at 1 June 2023 8,757 18,463 78 27,298
Provided during the period 6,345 10,845 104 17,294
As at 31 May 2024 15,102 29,308 182 44,592
Net Book Value
As at 31 May 2024 35,953 43,381 416 79,750
As at 1 June 2023 28,533 54,226 139 82,898
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant & Machinery 9,308 -
Motor Vehicles 30,822 38,527
40,130 38,527
6. Stocks
2024 2023
£ £
Stock 4,000 5,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 30,556 13,798
Directors' loan accounts - 715
30,556 14,513
Page 5
Page 6
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,439 6,470
Trade creditors 7,255 12,693
Bank loans and overdrafts 21,660 11,037
Corporation tax 11,154 9,498
Other taxes and social security 3,292 416
VAT 7,248 3,092
Other creditors 244 -
Accruals and deferred income 1,793 1,679
Directors' loan accounts 591 -
61,676 44,885
Hire purchase liabilities are secured on the assets to which they relate.
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 26,171 25,332
Bank loans 10,833 20,833
37,004 46,165
Hire purchase liabilities are secured on the assets to which they relate.
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,439 6,470
Later than one year and not later than five years 26,171 25,332
34,610 31,802
34,610 31,802
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr Richard Whitton 358 11,392 11,750 - -
Mrs Azadeh Whitton 357 11,393 11,750 - -
The above loan is unsecured, interest free and repayable on demand.
Page 6
Page 7
13. Related Party Transactions
At the year end, 31 May 2024, the company owed the directors £593 (2023: £nil) in respect of loans held with the company. These amounts are interest free and repayable on demand
Page 7