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 04218116 Mr Gary Clay Mrs Deborah Clay iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04218116 2023-05-31 04218116 2024-05-31 04218116 2023-06-01 2024-05-31 04218116 frs-core:CurrentFinancialInstruments 2024-05-31 04218116 frs-core:ComputerEquipment 2024-05-31 04218116 frs-core:ComputerEquipment 2023-06-01 2024-05-31 04218116 frs-core:ComputerEquipment 2023-05-31 04218116 frs-core:FurnitureFittings 2024-05-31 04218116 frs-core:FurnitureFittings 2023-06-01 2024-05-31 04218116 frs-core:FurnitureFittings 2023-05-31 04218116 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 04218116 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04218116 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 04218116 frs-core:MotorVehicles 2024-05-31 04218116 frs-core:MotorVehicles 2023-06-01 2024-05-31 04218116 frs-core:MotorVehicles 2023-05-31 04218116 frs-core:PlantMachinery 2024-05-31 04218116 frs-core:PlantMachinery 2023-06-01 2024-05-31 04218116 frs-core:PlantMachinery 2023-05-31 04218116 frs-core:ShareCapital 2024-05-31 04218116 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 04218116 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 04218116 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 04218116 frs-bus:SmallEntities 2023-06-01 2024-05-31 04218116 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 04218116 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 04218116 frs-bus:Director1 2023-06-01 2024-05-31 04218116 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 04218116 frs-countries:EnglandWales 2023-06-01 2024-05-31 04218116 2022-05-31 04218116 2023-05-31 04218116 2022-06-01 2023-05-31 04218116 frs-core:CurrentFinancialInstruments 2023-05-31 04218116 frs-core:ShareCapital 2023-05-31 04218116 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 04218116
Farrendale Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Watson Knipe Ltd
10 Milton Court
Ravenshead
Nottingham
Nottinghamshire
NG15 9BD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04218116
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 98,969 109,118
98,969 109,118
CURRENT ASSETS
Stocks 5 20,767 23,074
Debtors 6 960,702 958,777
Investments 7 100 100
Cash at bank and in hand 1,299,838 1,146,045
2,281,407 2,127,996
Creditors: Amounts Falling Due Within One Year 8 (526,503 ) (460,319 )
NET CURRENT ASSETS (LIABILITIES) 1,754,904 1,667,677
TOTAL ASSETS LESS CURRENT LIABILITIES 1,853,873 1,776,795
PROVISIONS FOR LIABILITIES
Deferred Taxation (24,742 ) (20,732 )
NET ASSETS 1,829,131 1,756,063
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 1,829,031 1,755,963
SHAREHOLDERS' FUNDS 1,829,131 1,756,063
Page 1
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 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 Gary Clay
Director
27/02/2025
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
Farrendale Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04218116 . The registered office is Farrendale House Darwin Drive, Sherwood Energy Village, Ollerton Newark, Nottinghamshire, NG22 9GW.
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:
Freehold 5% straight line
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% straight line
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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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: 31 (2023: 32)
31 32
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 June 2023 74,378 5,842 313,480 58,427
Additions 6,400 - - 4,195
As at 31 May 2024 80,778 5,842 313,480 62,622
Depreciation
As at 1 June 2023 30,820 5,277 255,328 51,584
Provided during the period 4,039 141 14,538 2,760
As at 31 May 2024 34,859 5,418 269,866 54,344
Net Book Value
As at 31 May 2024 45,919 424 43,614 8,278
As at 1 June 2023 43,558 565 58,152 6,843
Computer Equipment Total
£ £
Cost
As at 1 June 2023 16,100 468,227
Additions 1,102 11,697
As at 31 May 2024 17,202 479,924
Depreciation
As at 1 June 2023 16,100 359,109
Provided during the period 368 21,846
As at 31 May 2024 16,468 380,955
Net Book Value
As at 31 May 2024 734 98,969
As at 1 June 2023 - 109,118
5. Stocks
2024 2023
£ £
Stock 20,767 23,074
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 916,486 900,983
Other debtors 44,216 57,794
960,702 958,777
7. Current Asset Investments
2024 2023
£ £
Shares in subsidiaries 100 100
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 187,225 114,944
Corporation tax 60,869 65,024
Other taxes and social security 160,367 144,684
Other creditors 1,985 1,907
Accruals and deferred income 116,057 133,760
526,503 460,319
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5