Acorah Software Products - Accounts Production 16.1.300 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 07500525 Mr MARK CALVERT Mrs JULIE CALVERT iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07500525 2024-01-31 07500525 2025-01-31 07500525 2024-02-01 2025-01-31 07500525 frs-core:CurrentFinancialInstruments 2025-01-31 07500525 frs-core:Non-currentFinancialInstruments 2025-01-31 07500525 frs-core:BetweenOneFiveYears 2025-01-31 07500525 frs-core:ComputerEquipment 2025-01-31 07500525 frs-core:ComputerEquipment 2024-02-01 2025-01-31 07500525 frs-core:ComputerEquipment 2024-01-31 07500525 frs-core:FurnitureFittings 2025-01-31 07500525 frs-core:FurnitureFittings 2024-02-01 2025-01-31 07500525 frs-core:FurnitureFittings 2024-01-31 07500525 frs-core:MotorVehicles 2025-01-31 07500525 frs-core:MotorVehicles 2024-02-01 2025-01-31 07500525 frs-core:MotorVehicles 2024-01-31 07500525 frs-core:ShareCapital 2025-01-31 07500525 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 07500525 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 07500525 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 07500525 frs-bus:SmallEntities 2024-02-01 2025-01-31 07500525 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 07500525 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 07500525 frs-bus:Director1 2024-02-01 2025-01-31 07500525 frs-bus:Director2 2024-02-01 2025-01-31 07500525 frs-countries:EnglandWales 2024-02-01 2025-01-31 07500525 2023-01-31 07500525 2024-01-31 07500525 2023-02-01 2024-01-31 07500525 frs-core:CurrentFinancialInstruments 2024-01-31 07500525 frs-core:Non-currentFinancialInstruments 2024-01-31 07500525 frs-core:BetweenOneFiveYears 2024-01-31 07500525 frs-core:ShareCapital 2024-01-31 07500525 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 07500525
PRIORY FLOORING & BLINDS LTD
Unaudited Financial Statements
For The Year Ended 31 January 2025
JOHNSON & CO ACCOUNTANTS
Certified Public Accountant
OFFICE 4
HENSON'S BUSINESS CENTRE
KIRKLEATHAM STREET
REDCAR
TS10 1RE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07500525
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,165 37,633
26,165 37,633
CURRENT ASSETS
Stocks 5 12,770 6,280
Debtors 6 6,537 100,351
Cash at bank and in hand 11,339 40,807
30,646 147,438
Creditors: Amounts Falling Due Within One Year 7 (22,433 ) (17,019 )
NET CURRENT ASSETS (LIABILITIES) 8,213 130,419
TOTAL ASSETS LESS CURRENT LIABILITIES 34,378 168,052
Creditors: Amounts Falling Due After More Than One Year 8 (7,717 ) (80,240 )
NET ASSETS 26,661 87,812
CAPITAL AND RESERVES
Called up share capital 10 16 10
Profit and Loss Account 26,645 87,802
SHAREHOLDERS' FUNDS 26,661 87,812
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Page 2
For the year ending 31 January 2025 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 MARK CALVERT
Director
26th 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
PRIORY FLOORING & BLINDS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 07500525 . The registered office is 11 CHURCH STREET, GUISBOROUGH, CLEVELAND, TS14 6HG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Motor Vehicles 20%
Fixtures & Fittings 15%
Computer Equipment 15%
2.4. 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.
2.5. 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
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2024 114,586 1,385 977 116,948
Additions 14,000 11,802 130 25,932
Disposals (82,920 ) - - (82,920 )
As at 31 January 2025 45,666 13,187 1,107 59,960
Depreciation
As at 1 February 2024 78,404 534 377 79,315
Provided during the period 5,811 834 92 6,737
Disposals (52,257 ) - - (52,257 )
As at 31 January 2025 31,958 1,368 469 33,795
Net Book Value
As at 31 January 2025 13,708 11,819 638 26,165
As at 1 February 2024 36,182 851 600 37,633
5. Stocks
2025 2024
£ £
Stock 12,770 -
Work in progress - 6,280
12,770 6,280
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 5,435 100,351
Prepayments and accrued income 849 -
Other taxes and social security 253 -
6,537 100,351
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 6,744 -
Corporation tax - 9,472
VAT 2,182 5,947
Other creditors 3,720 -
Accruals and deferred income 1,603 1,600
Directors' loan accounts 8,184 -
22,433 17,019
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 65,640
Bank loans 7,717 14,600
7,717 80,240
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years - 65,640
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 16 10
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