Acorah Software Products - Accounts Production 16.0.110 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 05484773 Mr C R Lee Mrs L A Lee iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05484773 2023-06-30 05484773 2024-06-30 05484773 2023-07-01 2024-06-30 05484773 frs-core:CurrentFinancialInstruments 2024-06-30 05484773 frs-core:Non-currentFinancialInstruments 2024-06-30 05484773 frs-core:BetweenOneFiveYears 2024-06-30 05484773 frs-core:NetGoodwill 2024-06-30 05484773 frs-core:NetGoodwill 2023-07-01 2024-06-30 05484773 frs-core:NetGoodwill 2023-06-30 05484773 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 05484773 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 05484773 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-30 05484773 frs-core:MotorVehicles 2024-06-30 05484773 frs-core:MotorVehicles 2023-07-01 2024-06-30 05484773 frs-core:MotorVehicles 2023-06-30 05484773 frs-core:PlantMachinery 2024-06-30 05484773 frs-core:PlantMachinery 2023-07-01 2024-06-30 05484773 frs-core:PlantMachinery 2023-06-30 05484773 frs-core:WithinOneYear 2024-06-30 05484773 frs-core:ShareCapital 2024-06-30 05484773 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 05484773 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05484773 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 05484773 frs-bus:SmallEntities 2023-07-01 2024-06-30 05484773 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05484773 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 05484773 frs-bus:Director1 2023-07-01 2024-06-30 05484773 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 05484773 frs-core:CurrentFinancialInstruments 1 2024-06-30 05484773 frs-countries:EnglandWales 2023-07-01 2024-06-30 05484773 2022-06-30 05484773 2023-06-30 05484773 2022-07-01 2023-06-30 05484773 frs-core:CurrentFinancialInstruments 2023-06-30 05484773 frs-core:Non-currentFinancialInstruments 2023-06-30 05484773 frs-core:BetweenOneFiveYears 2023-06-30 05484773 frs-core:WithinOneYear 2023-06-30 05484773 frs-core:ShareCapital 2023-06-30 05484773 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 05484773 frs-core:CurrentFinancialInstruments 1 2023-06-30
Registered number: 05484773
Floorcraft By C. R. Lee & Sons Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05484773
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 31,140 18,314
31,140 18,314
CURRENT ASSETS
Stocks 6 6,496 4,215
Debtors 7 159,886 159,447
Cash at bank and in hand 3 3
166,385 163,665
Creditors: Amounts Falling Due Within One Year 8 (113,086 ) (114,964 )
NET CURRENT ASSETS (LIABILITIES) 53,299 48,701
TOTAL ASSETS LESS CURRENT LIABILITIES 84,439 67,015
Creditors: Amounts Falling Due After More Than One Year 9 (55,690 ) (52,709 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,024 ) (402 )
NET ASSETS 25,725 13,904
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 25,625 13,804
SHAREHOLDERS' FUNDS 25,725 13,904
Page 1
Page 2
For the year ending 30 June 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 C R Lee
Director
21st February 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Floorcraft By C. R. Lee & Sons Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05484773 . The registered office is 275 Queens Road, Beeston, Nottingham, Nottinghamshire, NG9 2BB.
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. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate as the directors will continue to support the company.
2.3. 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.
2.4. 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 5 years.
2.5. 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:
Leasehold 33% straight line
Plant & Machinery 15-25% reducing balance
Motor Vehicles 25% reducing balance
2.6. 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.
2.7. 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.
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2.8. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 7 (2023: 7)
7 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 2,700
As at 30 June 2024 2,700
Amortisation
As at 1 July 2023 2,700
As at 30 June 2024 2,700
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 July 2023 1,506 12,679 51,631 65,816
Additions - 3,770 22,500 26,270
Disposals - - (17,499 ) (17,499 )
As at 30 June 2024 1,506 16,449 56,632 74,587
Depreciation
As at 1 July 2023 1,506 9,900 36,096 47,502
...CONTINUED
Page 4
Page 5
Provided during the period - 1,599 8,731 10,330
Disposals - - (14,385 ) (14,385 )
As at 30 June 2024 1,506 11,499 30,442 43,447
Net Book Value
As at 30 June 2024 - 4,950 26,190 31,140
As at 1 July 2023 - 2,779 15,535 18,314
6. Stocks
2024 2023
£ £
Materials 6,496 4,215
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,680 1,692
Other debtors 39,915 39,915
Other taxes and social security 3,293 458
Directors' loan accounts 114,998 117,382
159,886 159,447
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,050 3,600
Trade creditors 49,971 48,196
Bank loans and overdrafts 43,953 43,098
Corporation tax 1,519 10,462
VAT 4,539 4,810
Net wages 1,995 1,559
Credit card account 1,559 1,739
Accruals and deferred income 1,500 1,500
113,086 114,964
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 23,200 10,483
Bank loans 32,490 42,226
55,690 52,709
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,050 3,600
Later than one year and not later than five years 23,200 10,483
31,250 14,083
31,250 14,083
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mrs Lisa Lee 117,382 111,215 113,598 - 114,998
The above loan is unsecured, interest free and repayable on demand.
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