Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 8452796 Mr KHALID WAHEED KHALID WAHEED true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 8452796 2023-03-31 8452796 2024-03-31 8452796 2023-04-01 2024-03-31 8452796 frs-core:CurrentFinancialInstruments 2024-03-31 8452796 frs-core:Non-currentFinancialInstruments 2024-03-31 8452796 frs-core:FurnitureFittings 2024-03-31 8452796 frs-core:FurnitureFittings 2023-04-01 2024-03-31 8452796 frs-core:FurnitureFittings 2023-03-31 8452796 frs-core:ShareCapital 2024-03-31 8452796 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 8452796 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 8452796 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 8452796 frs-bus:SmallEntities 2023-04-01 2024-03-31 8452796 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 8452796 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 8452796 1 2023-04-01 2024-03-31 8452796 frs-bus:Director1 2023-04-01 2024-03-31 8452796 frs-countries:EnglandWales 2023-04-01 2024-03-31 8452796 2022-03-31 8452796 2023-03-31 8452796 2022-04-01 2023-03-31 8452796 frs-core:CurrentFinancialInstruments 2023-03-31 8452796 frs-core:Non-currentFinancialInstruments 2023-03-31 8452796 frs-core:ShareCapital 2023-03-31 8452796 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 8452796
CRASH PRICE FURNITURE LTD
Unaudited Financial Statements
For The Year Ended 31 March 2024
AMK ASSOCIATES
938 LEEDS ROAD
BRADFORD
BD3 8EY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 8452796
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 93 117
93 117
CURRENT ASSETS
Stocks 5 7,350 9,200
Cash at bank and in hand 1,828 6,545
9,178 15,745
Creditors: Amounts Falling Due Within One Year 6 (9,261 ) (10,373 )
NET CURRENT ASSETS (LIABILITIES) (83 ) 5,372
TOTAL ASSETS LESS CURRENT LIABILITIES 10 5,489
Creditors: Amounts Falling Due After More Than One Year 7 (16,621 ) (14,926 )
NET LIABILITIES (16,611 ) (9,437 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (16,612 ) (9,438 )
SHAREHOLDERS' FUNDS (16,611) (9,437)
Page 1
Page 2
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 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 KHALID WAHEED
Director
22/03/2025
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
CRASH PRICE FURNITURE LTD Registered number 8452796 is a limited by shares company incorporated in England & Wales. The Registered Office is 1529 PERSHORE ROAD, STIRCHLEY, BIRMINGHAM, B30 2JH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Fixtures & Fittings 20 % Reducing line method
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. 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
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2023 1,100
As at 31 March 2024 1,100
Depreciation
As at 1 April 2023 983
Provided during the period 24
As at 31 March 2024 1,007
Net Book Value
As at 31 March 2024 93
As at 1 April 2023 117
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Page 4
5. Stocks
2024 2023
£ £
Materials 7,350 9,200
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1,960
Corporation tax 3,233 3,233
Other taxes and social security 1,974 1,839
Accruals and deferred income 4,054 3,341
9,261 10,373
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,726 12,638
Directors loan account 5,895 2,288
16,621 14,926
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Ultimate Controlling Party
The company's ultimate controlling party is KHALID WAHEED by virtue of his ownership of 100% of the issued share capital in the company.
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