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 06554005 Mrs Sandra Barratt Mr Michael Barratt Mrs Sandra Barratt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06554005 2023-05-31 06554005 2024-05-31 06554005 2023-06-01 2024-05-31 06554005 frs-core:CurrentFinancialInstruments 2024-05-31 06554005 frs-core:NetGoodwill 2024-05-31 06554005 frs-core:NetGoodwill 2023-06-01 2024-05-31 06554005 frs-core:NetGoodwill 2023-05-31 06554005 frs-core:MotorVehicles 2024-05-31 06554005 frs-core:MotorVehicles 2023-06-01 2024-05-31 06554005 frs-core:MotorVehicles 2023-05-31 06554005 frs-core:PlantMachinery 2024-05-31 06554005 frs-core:PlantMachinery 2023-06-01 2024-05-31 06554005 frs-core:PlantMachinery 2023-05-31 06554005 frs-core:ShareCapital 2024-05-31 06554005 frs-core:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 06554005 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 06554005 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06554005 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 06554005 frs-bus:SmallEntities 2023-06-01 2024-05-31 06554005 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06554005 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 06554005 frs-bus:Director1 2023-06-01 2024-05-31 06554005 frs-bus:Director2 2023-06-01 2024-05-31 06554005 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 06554005 frs-countries:EnglandWales 2023-06-01 2024-05-31 06554005 2022-05-31 06554005 2023-05-31 06554005 2022-06-01 2023-05-31 06554005 frs-core:CurrentFinancialInstruments 2023-05-31 06554005 frs-core:ShareCapital 2022-05-31 06554005 frs-core:ShareCapital 2023-05-31 06554005 frs-core:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 06554005 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-05-31 06554005 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 06554005
M J & S Barratt Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
R Stride & Co LLP
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 06554005
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 25,035 29,621
Tangible Assets 5 16,699 6,305
41,734 35,926
CURRENT ASSETS
Stocks 6 8,995 1,860
Debtors 7 311 48
Cash at bank and in hand 57,207 55,810
66,513 57,718
Creditors: Amounts Falling Due Within One Year 8 (25,657 ) (15,156 )
NET CURRENT ASSETS (LIABILITIES) 40,856 42,562
TOTAL ASSETS LESS CURRENT LIABILITIES 82,590 78,488
NET ASSETS 82,590 78,488
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 82,490 78,388
SHAREHOLDERS' FUNDS 82,590 78,488
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
Mrs Sandra Barratt
Director
7th February 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 June 2022 100 63,361 63,461
Profit for the year and total comprehensive income - 37,027 37,027
Dividends paid - (22,000) (22,000)
As at 31 May 2023 and 1 June 2023 100 78,388 78,488
Profit for the year and total comprehensive income - 31,602 31,602
Dividends paid - (27,500) (27,500)
As at 31 May 2024 100 82,490 82,590
Page 3
Page 4
Notes to the Financial Statements
1. General Information
M J & S Barratt Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06554005 . The registered office is 5 Worcester Drive, York, YO31 0NY.
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 20 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 20%
Motor Vehicles 25%
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. 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.
...CONTINUED
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2.6. Taxation - continued
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: 2 (2023: 1)
2 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2023 91,725
As at 31 May 2024 91,725
Amortisation
As at 1 June 2023 62,104
Provided during the period 4,586
As at 31 May 2024 66,690
Net Book Value
As at 31 May 2024 25,035
As at 1 June 2023 29,621
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 June 2023 7,029 10,990 18,019
Additions - 19,250 19,250
Disposals - (10,990 ) (10,990 )
As at 31 May 2024 7,029 19,250 26,279
Depreciation
As at 1 June 2023 4,201 7,513 11,714
Provided during the period 566 4,813 5,379
Disposals - (7,513 ) (7,513 )
As at 31 May 2024 4,767 4,813 9,580
Net Book Value
As at 31 May 2024 2,262 14,437 16,699
As at 1 June 2023 2,828 3,477 6,305
Page 5
Page 6
6. Stocks
2024 2023
£ £
Stock 8,995 1,860
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 311 48
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,722 748
Other creditors 11,723 1,748
Taxation and social security 12,212 12,660
25,657 15,156
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 6