Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 01048000 Mr D Young Mrs H Kain Mr R Webber iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01048000 2023-12-31 01048000 2024-12-31 01048000 2024-01-01 2024-12-31 01048000 frs-core:CurrentFinancialInstruments 2024-12-31 01048000 frs-core:OtherReservesSubtotal 2024-12-31 01048000 frs-bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 01048000 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 01048000 frs-bus:SmallEntities 2024-01-01 2024-12-31 01048000 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 01048000 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 01048000 frs-bus:Director1 2024-01-01 2024-12-31 01048000 frs-bus:Director2 2024-01-01 2024-12-31 01048000 frs-bus:Director3 2024-01-01 2024-12-31 01048000 frs-countries:EnglandWales 2024-01-01 2024-12-31 01048000 2022-12-31 01048000 2023-12-31 01048000 2023-01-01 2023-12-31 01048000 frs-core:CurrentFinancialInstruments 2023-12-31 01048000 frs-core:OtherReservesSubtotal 2023-12-31
Registered number: 01048000
Northcotts Maintenance Company Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 01048000
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 5,370 2,634
Cash at bank and in hand 48,452 42,806
53,822 45,440
Creditors: Amounts Falling Due Within One Year 5 (1,940 ) (4,077 )
NET CURRENT ASSETS (LIABILITIES) 51,882 41,363
TOTAL ASSETS LESS CURRENT LIABILITIES 51,882 41,363
NET ASSETS 51,882 41,363
RESERVES
Other reserves 51,882 41,363
MEMBERS' FUNDS 51,882 41,363
Page 1
Page 2
For the year ending 31 December 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 Income and Expenditure Account.
On behalf of the board
Mr D Young
Director
Mrs H Kain
Director
Mr R Webber
Director
18/03/2025
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
Northcotts Maintenance Company Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 01048000 . The registered office is 14a Meadway Court, Rutherford Close, Stevenage, Hertfordshire, SG1 2EF.
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. Turnover
Turnover consists of revenue earned in respect of maintenance charges receivable. The maintenance charge is invoiced on an annual basis and is recognised when the charge becomes due.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year 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 surplus. 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 surplus 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 surplus 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 asset reflects 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 surplus or deficit, 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 3
Page 4
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 5,370 2,634
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,638 3,994
Taxation and social security 302 83
1,940 4,077
6. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 4