Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 31 May 2024 31 May 2024 10933063 Mr David Harris Mr Sean Wain Mrs Nicola Gallimore iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10933063 2023-09-30 10933063 2024-05-31 10933063 2023-10-01 2024-05-31 10933063 frs-core:CurrentFinancialInstruments 2024-05-31 10933063 frs-core:Non-currentFinancialInstruments 2024-05-31 10933063 frs-core:BetweenOneFiveYears 2024-05-31 10933063 frs-core:MotorVehicles 2024-05-31 10933063 frs-core:MotorVehicles 2023-10-01 2024-05-31 10933063 frs-core:MotorVehicles 2023-09-30 10933063 frs-core:ShareCapital 2024-05-31 10933063 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10933063 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-05-31 10933063 frs-bus:FilletedAccounts 2023-10-01 2024-05-31 10933063 frs-bus:SmallEntities 2023-10-01 2024-05-31 10933063 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-05-31 10933063 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-05-31 10933063 frs-bus:Director1 2023-10-01 2024-05-31 10933063 frs-bus:Director2 2023-10-01 2024-05-31 10933063 frs-bus:Director3 2023-10-01 2024-05-31 10933063 frs-core:CurrentFinancialInstruments 3 2024-05-31 10933063 frs-countries:EnglandWales 2023-10-01 2024-05-31 10933063 2022-09-30 10933063 2023-09-30 10933063 2022-10-01 2023-09-30 10933063 frs-core:CurrentFinancialInstruments 2023-09-30 10933063 frs-core:Non-currentFinancialInstruments 2023-09-30 10933063 frs-core:BetweenOneFiveYears 2023-09-30 10933063 frs-core:ShareCapital 2023-09-30 10933063 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 10933063 frs-core:CurrentFinancialInstruments 3 2023-09-30
Registered number: 10933063
Palehouse Building Company Limited
Unaudited Financial Statements
For the Period 1 October 2023 to 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10933063
31 May 2024 30 September 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 77,228 89,109
77,228 89,109
CURRENT ASSETS
Stocks 5 26,540 24,360
Debtors 6 112,780 126,704
Cash at bank and in hand 10,605 19,702
149,925 170,766
Creditors: Amounts Falling Due Within One Year 7 (12,680 ) (12,484 )
NET CURRENT ASSETS (LIABILITIES) 137,245 158,282
TOTAL ASSETS LESS CURRENT LIABILITIES 214,473 247,391
Creditors: Amounts Falling Due After More Than One Year 8 (75,740 ) (107,851 )
NET ASSETS 138,733 139,540
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 138,633 139,440
SHAREHOLDERS' FUNDS 138,733 139,540
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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 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 David Harris
Director
20/01/2025
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
Palehouse Building Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10933063 . The registered office is Unit 6, Ribocon Way, Progress Park, Luton, Bedfordshire, LU4 9UR.
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:
Motor Vehicles 20% reducing balance basis
2.4. Leasing and Hire Purchase Contracts
Assets obtained under 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.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was:
31 May 2024 30 September 2023
Office and administration 3 1
3 1
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4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 October 2023 163,829
As at 31 May 2024 163,829
Depreciation
As at 1 October 2023 74,720
Provided during the period 11,881
As at 31 May 2024 86,601
Net Book Value
As at 31 May 2024 77,228
As at 1 October 2023 89,109
5. Stocks
31 May 2024 30 September 2023
£ £
Finished goods 26,540 24,360
6. Debtors
31 May 2024 30 September 2023
£ £
Due within one year
Intercompany loan 112,780 126,704
7. Creditors: Amounts Falling Due Within One Year
31 May 2024 30 September 2023
£ £
Corporation tax 6,739 6,543
VAT 941 941
Accruals and deferred income 5,000 5,000
12,680 12,484
8. Creditors: Amounts Falling Due After More Than One Year
31 May 2024 30 September 2023
£ £
Net obligations under finance lease and hire purchase contracts 56,340 79,812
Bank loans 19,400 28,039
75,740 107,851
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9. Obligations Under Finance Leases and Hire Purchase
31 May 2024 30 September 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 56,340 79,812
10. Share Capital
31 May 2024 30 September 2023
£ £
Allotted, Called up and fully paid 100 100
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