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 05188370 Mr W Bennett Mrs F Bennett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05188370 2023-08-31 05188370 2024-08-31 05188370 2023-09-01 2024-08-31 05188370 frs-core:CurrentFinancialInstruments 2024-08-31 05188370 frs-core:Non-currentFinancialInstruments 2024-08-31 05188370 frs-core:NetGoodwill 2024-08-31 05188370 frs-core:NetGoodwill 2023-09-01 2024-08-31 05188370 frs-core:NetGoodwill 2023-08-31 05188370 frs-core:MotorVehicles 2024-08-31 05188370 frs-core:MotorVehicles 2023-09-01 2024-08-31 05188370 frs-core:MotorVehicles 2023-08-31 05188370 frs-core:PlantMachinery 2024-08-31 05188370 frs-core:PlantMachinery 2023-09-01 2024-08-31 05188370 frs-core:PlantMachinery 2023-08-31 05188370 frs-core:ShareCapital 2024-08-31 05188370 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 05188370 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05188370 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 05188370 frs-bus:SmallEntities 2023-09-01 2024-08-31 05188370 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 05188370 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 05188370 frs-bus:Director1 2023-09-01 2024-08-31 05188370 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 05188370 frs-countries:EnglandWales 2023-09-01 2024-08-31 05188370 2022-08-31 05188370 2023-08-31 05188370 2022-09-01 2023-08-31 05188370 frs-core:CurrentFinancialInstruments 2023-08-31 05188370 frs-core:Non-currentFinancialInstruments 2023-08-31 05188370 frs-core:ShareCapital 2023-08-31 05188370 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 05188370
Bramdale Limited
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05188370
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 33,180 35,126
33,180 35,126
CURRENT ASSETS
Stocks 6 45,015 41,695
Debtors 7 26,651 21,053
Cash at bank and in hand 200 200
71,866 62,948
Creditors: Amounts Falling Due Within One Year 8 (86,870 ) (69,369 )
NET CURRENT ASSETS (LIABILITIES) (15,004 ) (6,421 )
TOTAL ASSETS LESS CURRENT LIABILITIES 18,176 28,705
Creditors: Amounts Falling Due After More Than One Year 9 (11,448 ) (20,634 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,273 ) (6,637 )
NET ASSETS 455 1,434
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 355 1,334
SHAREHOLDERS' FUNDS 455 1,434
Page 1
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 W Bennett
Director
4 February 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
Bramdale Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05188370 . The registered office is Swandec 550 Valley Road, Nottingham, NG5 1JJ.
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 10 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 balance
Motor Vehicles 25% - reducing balance
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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 110,000
As at 31 August 2024 110,000
Amortisation
As at 1 September 2023 110,000
As at 31 August 2024 110,000
Net Book Value
As at 31 August 2024 -
As at 1 September 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 September 2023 58,729 13,996 72,725
Additions 3,340 - 3,340
As at 31 August 2024 62,069 13,996 76,065
Depreciation
As at 1 September 2023 23,790 13,809 37,599
Provided during the period 5,240 46 5,286
As at 31 August 2024 29,030 13,855 42,885
Net Book Value
As at 31 August 2024 33,039 141 33,180
As at 1 September 2023 34,939 187 35,126
6. Stocks
2024 2023
£ £
Stock 45,015 41,695
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 14,880 6,303
Prepayments and accrued income 553 532
Amounts owed by group undertakings 11,218 14,218
26,651 21,053
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 41,056 34,879
Bank loans and overdrafts 28,443 17,999
VAT 1,122 7,920
Accruals and deferred income 3,602 3,684
Director's loan account 12,647 4,887
86,870 69,369
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,448 20,634
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
At the balance sheet date, the company owed the director £12,647 (2023: 4,887). The directors loan account is unsecured, interest free and repayable on demand.
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