Acorah Software Products - Accounts Production 16.1.300 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 04237635 Mr Gareth Frappell Mrs Joanne Frappell Mrs Joanne Frappell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04237635 2023-06-30 04237635 2024-06-30 04237635 2023-07-01 2024-06-30 04237635 frs-core:CurrentFinancialInstruments 2024-06-30 04237635 frs-core:Non-currentFinancialInstruments 2024-06-30 04237635 frs-core:BetweenOneFiveYears 2024-06-30 04237635 frs-core:NetGoodwill 2024-06-30 04237635 frs-core:NetGoodwill 2023-07-01 2024-06-30 04237635 frs-core:NetGoodwill 2023-06-30 04237635 frs-core:MotorVehicles 2024-06-30 04237635 frs-core:MotorVehicles 2023-07-01 2024-06-30 04237635 frs-core:MotorVehicles 2023-06-30 04237635 frs-core:PlantMachinery 2024-06-30 04237635 frs-core:PlantMachinery 2023-07-01 2024-06-30 04237635 frs-core:PlantMachinery 2023-06-30 04237635 frs-core:WithinOneYear 2024-06-30 04237635 frs-core:ShareCapital 2024-06-30 04237635 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 04237635 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04237635 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 04237635 frs-bus:SmallEntities 2023-07-01 2024-06-30 04237635 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04237635 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04237635 frs-core:DeferredTaxation 2023-07-01 2024-06-30 04237635 frs-core:DeferredTaxation 2023-06-30 04237635 frs-core:DeferredTaxation 2024-06-30 04237635 frs-bus:Director1 2023-07-01 2024-06-30 04237635 frs-bus:Director2 2023-07-01 2024-06-30 04237635 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 04237635 frs-countries:EnglandWales 2023-07-01 2024-06-30 04237635 2022-06-30 04237635 2023-06-30 04237635 2022-07-01 2023-06-30 04237635 frs-core:CurrentFinancialInstruments 2023-06-30 04237635 frs-core:Non-currentFinancialInstruments 2023-06-30 04237635 frs-core:BetweenOneFiveYears 2023-06-30 04237635 frs-core:MotorVehicles 2022-07-01 2023-06-30 04237635 frs-core:WithinOneYear 2023-06-30 04237635 frs-core:ShareCapital 2023-06-30 04237635 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 04237635
Puxton Developments Limited
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 04237635
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 14,000 16,000
Tangible Assets 5 165,225 164,061
179,225 180,061
CURRENT ASSETS
Stocks 6 936,802 669,947
Debtors 7 14,081 28,786
Cash at bank and in hand 18,009 89
968,892 698,822
Creditors: Amounts Falling Due Within One Year 8 (691,456 ) (522,956 )
NET CURRENT ASSETS (LIABILITIES) 277,436 175,866
TOTAL ASSETS LESS CURRENT LIABILITIES 456,661 355,927
Creditors: Amounts Falling Due After More Than One Year 9 (502,724 ) (288,027 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,080 ) (23,474 )
NET (LIABILITIES)/ASSETS (48,143 ) 44,426
CAPITAL AND RESERVES
Called up share capital 13 500 500
Profit and Loss Account (48,643 ) 43,926
SHAREHOLDERS' FUNDS (48,143) 44,426
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
Mrs Joanne Frappell
Director
12 March 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Puxton Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04237635 . The registered office is Myrtle Farm Puxton, Hewish, Weston-Super-Mare, Avon, BS24 6TE.
The presentation currency of the financial statements is the Pound Sterling (£)
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 financial statements have been prepared on the going concern basis on the grounds that the shareholders will continue to provide financial support.
2.3. Turnover
Turnover represents the revenue generated from the sale of goods and services. Revenue is measured at the fair value of the consideration received and receivable excluding value added tax.
Sales of goods are recognised when the company has delivered the products to the customer and the customer has accepted the products. 
Revenue from services is recognised when services have been provided and the contractual right to the consideration has been earned. For incomplete contracts an assessment is made of the extent to which revenue has been earned.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill in connection with the acquisition of a business was purchased on 30 June 2021, it will be amortised evenly over it's estimated useful life of ten years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses
Depreciation is provided at following annual rates in order 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 20% on reducing balance per annum
Motor Vehicles 25% on reducing balance per annum
2.6. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter with a full charge on the year of acquisition.
The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
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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.
2.8. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.9. 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
The average number of employees, including directors, during the year was 4 (2023: 4)
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 20,000
As at 30 June 2024 20,000
Amortisation
As at 1 July 2023 4,000
Provided during the period 2,000
As at 30 June 2024 6,000
Net Book Value
As at 30 June 2024 14,000
As at 1 July 2023 16,000
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5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 July 2023 25,157 196,014 221,171
Additions 42,167 - 42,167
Disposals (9,617 ) - (9,617 )
As at 30 June 2024 57,707 196,014 253,721
Depreciation
As at 1 July 2023 12,993 44,117 57,110
Provided during the period 10,225 26,423 36,648
Disposals (5,262 ) - (5,262 )
As at 30 June 2024 17,956 70,540 88,496
Net Book Value
As at 30 June 2024 39,751 125,474 165,225
As at 1 July 2023 12,164 151,897 164,061
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 106,204 129,441
6. Stocks
2024 2023
£ £
Stock 936,802 669,947
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 14,081 28,786
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Page 6
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 34,929 20,676
Trade creditors 14,439 -
Bank loans and overdrafts 9,000 34,341
Other creditors 630,750 461,033
Taxation and social security 2,338 6,906
691,456 522,956
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 44,819 63,862
Bank loans 457,905 224,165
502,724 288,027
10. Secured Creditors
The following secured debts are included within creditors:
2024 2023
£ £
Bank loans and overdrafts 433,980 198,825
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 38,731 25,971
Later than one year and not later than five years 47,888 70,734
86,619 96,705
Less: Finance charges allocated to future periods 6,871 12,167
79,748 84,538
Page 6
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12. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 July 2023 23,474 23,474
Deferred taxation (21,394 ) (21,394 )
Balance at 30 June 2024 2,080 2,080
The provision for deferred taxation is made up of accelerated capital allowances.
14. Related Party Transactions
The directors, Mr & Mrs Frappell, own the company by virtue of their shareholdings.
During the year, total dividends of £4,000 (2023: £34,000) were paid to the directors.
Other than movements on the directors' loan accounts with the company, there were no other advances, credits and guarantees with the directors during the accounting period.
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