Acorah Software Products - Accounts Production 16.1.300 false true false 1 July 2023 31 October 2024 31 October 2024 14965209 Mr Connor Foxon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14965209 2023-06-30 14965209 2024-10-31 14965209 2023-07-01 2024-10-31 14965209 frs-core:CurrentFinancialInstruments 2024-10-31 14965209 frs-core:ComputerEquipment 2024-10-31 14965209 frs-core:ComputerEquipment 2023-07-01 2024-10-31 14965209 frs-core:ComputerEquipment 2023-06-30 14965209 frs-core:FurnitureFittings 2024-10-31 14965209 frs-core:FurnitureFittings 2023-07-01 2024-10-31 14965209 frs-core:FurnitureFittings 2023-06-30 14965209 frs-core:MotorVehicles 2024-10-31 14965209 frs-core:MotorVehicles 2023-07-01 2024-10-31 14965209 frs-core:MotorVehicles 2023-06-30 14965209 frs-core:PlantMachinery 2024-10-31 14965209 frs-core:PlantMachinery 2023-07-01 2024-10-31 14965209 frs-core:PlantMachinery 2023-06-30 14965209 frs-core:ShareCapital 2024-10-31 14965209 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 14965209 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-10-31 14965209 frs-bus:FilletedAccounts 2023-07-01 2024-10-31 14965209 frs-bus:SmallEntities 2023-07-01 2024-10-31 14965209 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-10-31 14965209 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-10-31 14965209 frs-bus:Director1 2023-07-01 2024-10-31 14965209 frs-countries:EnglandWales 2023-07-01 2024-10-31
Registered number: 14965209
Nice Price Bargains Ltd
Unaudited Financial Statements
For the Period 1 July 2023 to 31 October 2024
Golding Accountancy
ACCA
15 Eastwood Road
Rayleigh
Essex
SS6 7JD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14965209
31 October 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 60,499
60,499
CURRENT ASSETS
Stocks 5 35,976
Debtors 6 398
Cash at bank and in hand 24,308
60,682
Creditors: Amounts Falling Due Within One Year 7 (162,081 )
NET CURRENT ASSETS (LIABILITIES) (101,399 )
TOTAL ASSETS LESS CURRENT LIABILITIES (40,900 )
NET LIABILITIES (40,900 )
CAPITAL AND RESERVES
Called up share capital 8 3
Profit and Loss Account (40,903 )
SHAREHOLDERS' FUNDS (40,900)
Page 1
Page 2
For the period ending 31 October 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 Connor Foxon
Director
5 March 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
Nice Price Bargains Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14965209 . The registered office is 15 Eastwood Road, Rayleigh, Essex, SS6 7JD.
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:
Plant & Machinery 4 years straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 3 years straight line
Computer Equipment 3 years 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 - - - - -
Additions 1,495 86,814 684 2,066 91,059
Disposals - (22,490 ) - - (22,490 )
As at 31 October 2024 1,495 64,324 684 2,066 68,569
Depreciation
As at 1 July 2023 - - - - -
Provided during the period 188 7,015 192 675 8,070
As at 31 October 2024 188 7,015 192 675 8,070
...CONTINUED
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Net Book Value
As at 31 October 2024 1,307 57,309 492 1,391 60,499
As at 1 July 2023 - - - - -
5. Stocks
31 October 2024
£
Stock 35,976
6. Debtors
31 October 2024
£
Due within one year
Other debtors 398
7. Creditors: Amounts Falling Due Within One Year
31 October 2024
£
Trade creditors 2,503
Bank loans and overdrafts 9
Other creditors 158,591
Taxation and social security 978
162,081
8. Share Capital
31 October 2024
£
Allotted, Called up and fully paid 3
Page 4