Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 05896340 Mrs Helen Bazely Mr Michael Bazely Mrs Helen Bazely iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05896340 2023-08-31 05896340 2024-08-31 05896340 2023-09-01 2024-08-31 05896340 frs-core:CurrentFinancialInstruments 2024-08-31 05896340 frs-core:ComputerEquipment 2024-08-31 05896340 frs-core:ComputerEquipment 2023-09-01 2024-08-31 05896340 frs-core:ComputerEquipment 2023-08-31 05896340 frs-core:FurnitureFittings 2024-08-31 05896340 frs-core:FurnitureFittings 2023-09-01 2024-08-31 05896340 frs-core:FurnitureFittings 2023-08-31 05896340 frs-core:PlantMachinery 2024-08-31 05896340 frs-core:PlantMachinery 2023-09-01 2024-08-31 05896340 frs-core:PlantMachinery 2023-08-31 05896340 frs-core:ShareCapital 2024-08-31 05896340 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 05896340 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05896340 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 05896340 frs-bus:SmallEntities 2023-09-01 2024-08-31 05896340 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 05896340 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 05896340 frs-bus:Director1 2023-09-01 2024-08-31 05896340 frs-bus:Director2 2023-09-01 2024-08-31 05896340 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 05896340 frs-countries:EnglandWales 2023-09-01 2024-08-31 05896340 2022-08-31 05896340 2023-08-31 05896340 2022-09-01 2023-08-31 05896340 frs-core:CurrentFinancialInstruments 2023-08-31 05896340 frs-core:ShareCapital 2023-08-31 05896340 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 05896340
Bazely & Co Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
TaxAssist Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05896340
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,553 4,234
4,553 4,234
CURRENT ASSETS
Cash at bank and in hand 432,642 386,031
432,642 386,031
Creditors: Amounts Falling Due Within One Year 5 (135,608 ) (114,330 )
NET CURRENT ASSETS (LIABILITIES) 297,034 271,701
TOTAL ASSETS LESS CURRENT LIABILITIES 301,587 275,935
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,025 ) (1,025 )
NET ASSETS 300,562 274,910
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account 300,560 274,908
SHAREHOLDERS' FUNDS 300,562 274,910
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For the year ending 31 August 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 Helen Bazely
Director
Mr Michael Bazely
Director
19th December 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Bazely & Co Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05896340 . The registered office is 38 Worple Road, Staines, Middlesex, TW18 1EA.
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:
Plant & Machinery 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. 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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2.4. 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: 8 (2023: 8)
8 8
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 248 8,903 16,848 25,999
Additions 380 - 1,457 1,837
As at 31 August 2024 628 8,903 18,305 27,836
Depreciation
As at 1 September 2023 62 7,395 14,308 21,765
Provided during the period 142 377 999 1,518
As at 31 August 2024 204 7,772 15,307 23,283
Net Book Value
As at 31 August 2024 424 1,131 2,998 4,553
As at 1 September 2023 186 1,508 2,540 4,234
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (2 ) -
Corporation tax 11,150 19,975
VAT 8,731 8,731
Other creditors 5,090 5,090
Accruals and deferred income 1,010 980
Directors' loan accounts 109,629 79,554
135,608 114,330
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6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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