Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11211104 Mr Jason De Luen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11211104 2023-03-31 11211104 2024-03-31 11211104 2023-04-01 2024-03-31 11211104 frs-core:CurrentFinancialInstruments 2024-03-31 11211104 frs-core:Non-currentFinancialInstruments 2024-03-31 11211104 frs-core:FurnitureFittings 2024-03-31 11211104 frs-core:FurnitureFittings 2023-04-01 2024-03-31 11211104 frs-core:FurnitureFittings 2023-03-31 11211104 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 11211104 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 11211104 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 11211104 frs-core:MotorVehicles 2024-03-31 11211104 frs-core:MotorVehicles 2023-04-01 2024-03-31 11211104 frs-core:MotorVehicles 2023-03-31 11211104 frs-core:PlantMachinery 2024-03-31 11211104 frs-core:PlantMachinery 2023-04-01 2024-03-31 11211104 frs-core:PlantMachinery 2023-03-31 11211104 frs-core:SharePremium 2024-03-31 11211104 frs-core:ShareCapital 2024-03-31 11211104 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11211104 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11211104 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11211104 frs-bus:SmallEntities 2023-04-01 2024-03-31 11211104 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11211104 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11211104 frs-bus:Director1 2023-04-01 2024-03-31 11211104 frs-countries:EnglandWales 2023-04-01 2024-03-31 11211104 2022-03-31 11211104 2023-03-31 11211104 2022-04-01 2023-03-31 11211104 frs-core:CurrentFinancialInstruments 2023-03-31 11211104 frs-core:Non-currentFinancialInstruments 2023-03-31 11211104 frs-core:SharePremium 2023-03-31 11211104 frs-core:ShareCapital 2023-03-31 11211104 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 11211104
Premier Crafts (Cleadon) Ltd
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11211104
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 33,857 32,029
33,857 32,029
CURRENT ASSETS
Debtors 5 1,543 183
Cash at bank and in hand 7,630 2,387
9,173 2,570
Creditors: Amounts Falling Due Within One Year 6 (56,455 ) (51,832 )
NET CURRENT ASSETS (LIABILITIES) (47,282 ) (49,262 )
TOTAL ASSETS LESS CURRENT LIABILITIES (13,425 ) (17,233 )
Creditors: Amounts Falling Due After More Than One Year 7 (39,051 ) (45,384 )
NET LIABILITIES (52,476 ) (62,617 )
CAPITAL AND RESERVES
Called up share capital 8 6 6
Share premium account (50,000 ) (50,000 )
Profit and Loss Account (2,482 ) (12,623 )
SHAREHOLDERS' FUNDS (52,476) (62,617)
Page 1
Page 2
For the year ending 31 March 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 Jason De Luen
Director
27/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Premier Crafts (Cleadon) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11211104 . The registered office is 43 Front Street Cleadon Village, Sunderland, Tyne & Wear, SR6 7PG.
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:
Leasehold 0%
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: NIL)
1 -
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2023 13,680 43,958 - 4,754 62,392
Additions - - 5,500 - 5,500
As at 31 March 2024 13,680 43,958 5,500 4,754 67,892
Depreciation
As at 1 April 2023 - 27,873 - 2,490 30,363
Provided during the period - 3,217 115 340 3,672
As at 31 March 2024 - 31,090 115 2,830 34,035
Net Book Value
As at 31 March 2024 13,680 12,868 5,385 1,924 33,857
As at 1 April 2023 13,680 16,085 - 2,264 32,029
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Premier Crafts Washington - 183
VAT 1,543 -
1,543 183
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,828 -
PAYE 3 -
Other creditors 46,050 46,050
Accruals and deferred income 480 960
Director's loan account 6,094 4,822
56,455 51,832
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 39,051 45,384
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6 6
Page 4