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 NI004694 Mr David Nutt Mr Michael Nutt Mrs Mary Nutt true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI004694 2023-05-31 NI004694 2024-05-31 NI004694 2023-06-01 2024-05-31 NI004694 frs-core:CurrentFinancialInstruments 2024-05-31 NI004694 frs-core:ComputerEquipment 2024-05-31 NI004694 frs-core:ComputerEquipment 2023-06-01 2024-05-31 NI004694 frs-core:ComputerEquipment 2023-05-31 NI004694 frs-core:FurnitureFittings 2024-05-31 NI004694 frs-core:FurnitureFittings 2023-06-01 2024-05-31 NI004694 frs-core:FurnitureFittings 2023-05-31 NI004694 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 NI004694 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 NI004694 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 NI004694 frs-core:PlantMachinery 2024-05-31 NI004694 frs-core:PlantMachinery 2023-06-01 2024-05-31 NI004694 frs-core:PlantMachinery 2023-05-31 NI004694 frs-core:CapitalRedemptionReserve 2024-05-31 NI004694 frs-core:RevaluationReserve 2023-05-31 NI004694 frs-core:RevaluationReserve 2024-05-31 NI004694 frs-core:ShareCapital 2024-05-31 NI004694 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 NI004694 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 NI004694 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 NI004694 frs-bus:SmallEntities 2023-06-01 2024-05-31 NI004694 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 NI004694 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 NI004694 1 2023-06-01 2024-05-31 NI004694 frs-bus:Director1 2023-06-01 2024-05-31 NI004694 frs-bus:Director2 2023-06-01 2024-05-31 NI004694 frs-bus:Director3 2023-06-01 2024-05-31 NI004694 frs-countries:NorthernIreland 2023-06-01 2024-05-31 NI004694 2022-05-31 NI004694 2023-05-31 NI004694 2022-06-01 2023-05-31 NI004694 frs-core:CurrentFinancialInstruments 2023-05-31 NI004694 frs-core:CapitalRedemptionReserve 2023-05-31 NI004694 frs-core:RevaluationReserve 2023-05-31 NI004694 frs-core:ShareCapital 2023-05-31 NI004694 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: NI004694
R.J. Pattison Nutt & Sons Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI004694
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 254,907 248,140
254,907 248,140
CURRENT ASSETS
Stocks 5 550 550
Debtors 6 3,953 9,695
Cash at bank and in hand 133,331 61,189
137,834 71,434
Creditors: Amounts Falling Due Within One Year 7 (45,790 ) (36,395 )
NET CURRENT ASSETS (LIABILITIES) 92,044 35,039
TOTAL ASSETS LESS CURRENT LIABILITIES 346,951 283,179
NET ASSETS 346,951 283,179
CAPITAL AND RESERVES
Called up share capital 8 15,000 15,000
Revaluation reserve 9 56,032 56,032
Capital redemption reserve 5,995 5,995
Profit and Loss Account 269,924 206,152
SHAREHOLDERS' FUNDS 346,951 283,179
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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 David Nutt
Director
Mr Michael Nutt
Director
12/02/2025
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
R.J. Pattison Nutt & Sons Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI004694 . The registered office is 69 Sea Road, Castlerock, Coleraine, Co Londonderry, BT51 4TW.
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
The company’s operations and principal activity is that ofbuilding contractors, hirers of plant and machinery and as landlords of leased properties within Northern Ireland.
Turnover is measured at the fair value of the consideration received or receivable for services rendered.
Revenue from the principal activity is recognised when the services or goods have been delivered to the recipient; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured 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:
Freehold 0%
Plant & Machinery 20%
Fixtures & Fittings 10%
Computer Equipment 20%
Land and buildings are considered to be investment properties.  The directors consider the value at which land and buildings are stated in the accounts to be their open market value.  Depreciation is not provided thereon.
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
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.
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.
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2.6. Debtors
Debtors are stated after all known bad debts have been written off and specific provision has been made against all debts considered doubtful of collection.
2.7. 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.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.  The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 247,168 72,197 24,414 28,701 372,480
Additions - 7,000 - - 7,000
As at 31 May 2024 247,168 79,197 24,414 28,701 379,480
Depreciation
As at 1 June 2023 - 72,197 24,414 27,729 124,340
Provided during the period - - - 233 233
As at 31 May 2024 - 72,197 24,414 27,962 124,573
Net Book Value
As at 31 May 2024 247,168 7,000 - 739 254,907
As at 1 June 2023 247,168 - - 972 248,140
5. Stocks
2024 2023
£ £
Materials 550 550
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 750
Prepayments and accrued income 2,014 1,997
Other debtors 1,939 6,828
Corporation tax recoverable assets - 120
3,953 9,695
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Corporation tax 16,172 8,018
Other taxes and social security 2,027 970
Other creditors 17,901 17,461
Accruals and deferred income 9,689 9,946
45,790 36,395
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 15,000 15,000
9. Reserves
Revaluation Reserve
£
As at 1 June 2023 56,032
As at 31 May 2024 56,032
10. Post Balance Sheet Events
There have been no significant events affecting the company since the year end.
11. Related Party Transactions
Included within ‘Other Creditors’  is £17,363 (2023: £17,461) owing to the directors of the company.
12. Ultimate Controlling Party
There is no ultimate controlling party.
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