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 08448689 Mr Matthew McCrossan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08448689 2023-03-31 08448689 2024-03-31 08448689 2023-04-01 2024-03-31 08448689 frs-core:CurrentFinancialInstruments 2024-03-31 08448689 frs-core:Non-currentFinancialInstruments 2024-03-31 08448689 frs-core:ComputerEquipment 2024-03-31 08448689 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08448689 frs-core:ComputerEquipment 2023-03-31 08448689 frs-core:MotorVehicles 2024-03-31 08448689 frs-core:MotorVehicles 2023-04-01 2024-03-31 08448689 frs-core:MotorVehicles 2023-03-31 08448689 frs-core:PlantMachinery 2024-03-31 08448689 frs-core:PlantMachinery 2023-04-01 2024-03-31 08448689 frs-core:PlantMachinery 2023-03-31 08448689 frs-core:ShareCapital 2024-03-31 08448689 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08448689 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08448689 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08448689 frs-bus:SmallEntities 2023-04-01 2024-03-31 08448689 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08448689 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08448689 frs-bus:Director1 2023-04-01 2024-03-31 08448689 frs-bus:Director1 2023-03-31 08448689 frs-bus:Director1 2024-03-31 08448689 frs-countries:EnglandWales 2023-04-01 2024-03-31 08448689 2022-03-31 08448689 2023-03-31 08448689 2022-04-01 2023-03-31 08448689 frs-core:CurrentFinancialInstruments 2023-03-31 08448689 frs-core:Non-currentFinancialInstruments 2023-03-31 08448689 frs-core:ShareCapital 2023-03-31 08448689 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08448689
McCrossan Furniture Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08448689
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,271 8,229
14,271 8,229
CURRENT ASSETS
Stocks 5 5,000 5,000
Debtors 6 60,460 8,386
Cash at bank and in hand - 21,291
65,460 34,677
Creditors: Amounts Falling Due Within One Year 7 (42,505 ) (20,664 )
NET CURRENT ASSETS (LIABILITIES) 22,955 14,013
TOTAL ASSETS LESS CURRENT LIABILITIES 37,226 22,242
Creditors: Amounts Falling Due After More Than One Year 8 (37,222 ) (22,236 )
NET ASSETS 4 6
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 3 5
SHAREHOLDERS' FUNDS 4 6
Page 1
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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 Matthew McCrossan
Director
17/03/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
McCrossan Furniture Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08448689 . The registered office is Unit 9 Brunswick Industrial Estate, Brunswick Village, Newcastle Upon Tyne, NE13 7BA.
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 25% Straight Line
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% 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.
2.5. 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.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 20,250 4,266 1,672 26,188
Additions - 11,999 - 11,999
As at 31 March 2024 20,250 16,265 1,672 38,187
Depreciation
As at 1 April 2023 12,439 4,266 1,254 17,959
Provided during the period 2,953 2,750 254 5,957
As at 31 March 2024 15,392 7,016 1,508 23,916
Net Book Value
As at 31 March 2024 4,858 9,249 164 14,271
As at 1 April 2023 7,811 - 418 8,229
5. Stocks
2024 2023
£ £
Stock 5,000 5,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 34,647 -
Prepayments and accrued income 3,978 4,046
Other debtors 735 -
Director's loan account 21,100 4,340
60,460 8,386
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,757 11,549
Bank loans and overdrafts 14,326 1
Corporation tax 1,183 217
Other taxes and social security 589 2,406
VAT 9,650 6,491
42,505 20,664
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 37,222 22,236
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Matthew McCrossan - 20,721 20,721 - -
The above loan is unsecured, interest free and repayable on demand.
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