Acorah Software Products - Accounts Production 16.1.300 false true true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 02128921 Mr Nicholas Brown Mr Alastair Carswell Mr Roger Goodliff Mr Alastair Carswell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02128921 2023-07-31 02128921 2024-07-31 02128921 2023-08-01 2024-07-31 02128921 frs-core:CurrentFinancialInstruments 2024-07-31 02128921 frs-core:Non-currentFinancialInstruments 2024-07-31 02128921 frs-core:BetweenOneFiveYears 2024-07-31 02128921 frs-core:FurnitureFittings 2024-07-31 02128921 frs-core:FurnitureFittings 2023-08-01 2024-07-31 02128921 frs-core:FurnitureFittings 2023-07-31 02128921 frs-core:MotorVehicles 2023-08-01 2024-07-31 02128921 frs-core:PlantMachinery 2024-07-31 02128921 frs-core:PlantMachinery 2023-08-01 2024-07-31 02128921 frs-core:PlantMachinery 2023-07-31 02128921 frs-core:WithinOneYear 2024-07-31 02128921 frs-core:ShareCapital 2024-07-31 02128921 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 02128921 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 02128921 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 02128921 frs-bus:SmallEntities 2023-08-01 2024-07-31 02128921 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 02128921 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 02128921 frs-bus:Director1 2023-08-01 2024-07-31 02128921 frs-bus:Director2 2023-08-01 2024-07-31 02128921 frs-bus:Director3 2023-08-01 2024-07-31 02128921 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 02128921 frs-countries:EnglandWales 2023-08-01 2024-07-31 02128921 2022-07-31 02128921 2023-07-31 02128921 2022-08-01 2023-07-31 02128921 frs-core:CurrentFinancialInstruments 2023-07-31 02128921 frs-core:Non-currentFinancialInstruments 2023-07-31 02128921 frs-core:BetweenOneFiveYears 2023-07-31 02128921 frs-core:WithinOneYear 2023-07-31 02128921 frs-core:ShareCapital 2023-07-31 02128921 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 02128921
Ferguson Mann Architects Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02128921
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,913 10,352
10,913 10,352
CURRENT ASSETS
Debtors 5 191,289 110,137
Investments 6 65,000 105,000
Cash at bank and in hand 125,724 73,177
382,013 288,314
Creditors: Amounts Falling Due Within One Year 7 (120,055 ) (85,135 )
NET CURRENT ASSETS (LIABILITIES) 261,958 203,179
TOTAL ASSETS LESS CURRENT LIABILITIES 272,871 213,531
Creditors: Amounts Falling Due After More Than One Year 8 (11,569 ) (21,498 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (5,962 ) -
Deferred Taxation (2,413 ) (2,293 )
NET ASSETS 252,927 189,740
CAPITAL AND RESERVES
Called up share capital 9 1,710 1,710
Profit and Loss Account 251,217 188,030
SHAREHOLDERS' FUNDS 252,927 189,740
Page 1
Page 2
For the year ending 31 July 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 Alastair Carswell
Director
10 March 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
Ferguson Mann Architects Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02128921 . The registered office is 6 King Street, Bristol, BS1 4EQ.
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 not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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.
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 33% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 20% on reducing balance
2.5. Leasing and Hire Purchase Contracts
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.
2.6. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12
'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are
recognised when the company becomes party to the contractual provisions of the instrument. Financial assets
and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally
enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.7. 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.
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.
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2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
3. Average Number of Employees
Average number of employees, including directors, during the year was 12 (2023: 10)
12 10
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2023 78,811 25,900 104,711
Additions 2,181 - 2,181
As at 31 July 2024 80,992 25,900 106,892
Depreciation
As at 1 August 2023 73,373 20,986 94,359
Provided during the period 1,047 573 1,620
As at 31 July 2024 74,420 21,559 95,979
Net Book Value
As at 31 July 2024 6,572 4,341 10,913
As at 1 August 2023 5,438 4,914 10,352
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 155,243 74,277
Prepayments and accrued income 35,054 35,860
Other debtors 992 -
191,289 110,137
6. Current Asset Investments
2024 2023
£ £
Short term deposits 65,000 105,000
65,000 105,000
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13,179 2,940
Bank loans and overdrafts 10,000 10,000
Corporation tax 18,904 7,362
Other taxes and social security 6,829 8,023
VAT 58,654 29,890
Other creditors 2,781 19,631
Accruals and deferred income 9,708 7,289
120,055 85,135
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,569 21,498
11,569 21,498
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,710 1,710
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 60,000 60,000
Later than one year and not later than five years 60,000 120,000
120,000 180,000
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