Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 04442586 Mr Mark Sole Mrs Dawn Allen Mr Chris Allen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04442586 2023-06-30 04442586 2024-06-30 04442586 2023-07-01 2024-06-30 04442586 frs-core:CurrentFinancialInstruments 2024-06-30 04442586 frs-core:Non-currentFinancialInstruments 2024-06-30 04442586 frs-core:ComputerEquipment 2024-06-30 04442586 frs-core:ComputerEquipment 2023-07-01 2024-06-30 04442586 frs-core:ComputerEquipment 2023-06-30 04442586 frs-core:NetGoodwill 2024-06-30 04442586 frs-core:NetGoodwill 2023-07-01 2024-06-30 04442586 frs-core:NetGoodwill 2023-06-30 04442586 frs-core:MotorVehicles 2024-06-30 04442586 frs-core:MotorVehicles 2023-07-01 2024-06-30 04442586 frs-core:MotorVehicles 2023-06-30 04442586 frs-core:PlantMachinery 2024-06-30 04442586 frs-core:PlantMachinery 2023-07-01 2024-06-30 04442586 frs-core:PlantMachinery 2023-06-30 04442586 frs-core:ShareCapital 2024-06-30 04442586 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 04442586 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04442586 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 04442586 frs-bus:SmallEntities 2023-07-01 2024-06-30 04442586 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04442586 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04442586 frs-bus:Director1 2023-07-01 2024-06-30 04442586 frs-bus:Director2 2023-07-01 2024-06-30 04442586 frs-bus:Director3 2023-07-01 2024-06-30 04442586 frs-core:CurrentFinancialInstruments 1 2024-06-30 04442586 frs-countries:EnglandWales 2023-07-01 2024-06-30 04442586 2022-06-30 04442586 2023-06-30 04442586 2022-07-01 2023-06-30 04442586 frs-core:CurrentFinancialInstruments 2023-06-30 04442586 frs-core:Non-currentFinancialInstruments 2023-06-30 04442586 frs-core:ShareCapital 2023-06-30 04442586 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 04442586 frs-core:CurrentFinancialInstruments 1 2023-06-30
Registered number: 04442586
Sole Butchers Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
The Bottom Line Alresford Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04442586
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 80,000 80,000
Tangible Assets 5 4,209 5,448
84,209 85,448
CURRENT ASSETS
Stocks 6 9,100 9,100
Debtors 7 22,373 11,539
Cash at bank and in hand (21,676 ) 76
9,797 20,715
Creditors: Amounts Falling Due Within One Year 8 (50,389 ) (78,671 )
NET CURRENT ASSETS (LIABILITIES) (40,592 ) (57,956 )
TOTAL ASSETS LESS CURRENT LIABILITIES 43,617 27,492
Creditors: Amounts Falling Due After More Than One Year 9 (17,725 ) (10,602 )
NET ASSETS 25,892 16,890
CAPITAL AND RESERVES
Called up share capital 10 3 3
Profit and Loss Account 25,889 16,887
SHAREHOLDERS' FUNDS 25,892 16,890
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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
Mr Chris Allen
Director
24/03/2025
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
Sole Butchers Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04442586 . The registered office is 5 Broad Street, Alresford, Hampshire, SO24 9AR.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 25% on reducing balance
2.5. 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
The average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 200,000
As at 30 June 2024 200,000
Amortisation
As at 1 July 2023 120,000
As at 30 June 2024 120,000
Net Book Value
As at 30 June 2024 80,000
As at 1 July 2023 80,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 42,209 7,990 1,342 51,541
Additions 125 - - 125
As at 30 June 2024 42,334 7,990 1,342 51,666
Depreciation
As at 1 July 2023 40,981 4,620 492 46,093
Provided during the period 309 842 213 1,364
As at 30 June 2024 41,290 5,462 705 47,457
Net Book Value
As at 30 June 2024 1,044 2,528 637 4,209
As at 1 July 2023 1,228 3,370 850 5,448
6. Stocks
2024 2023
£ £
Stocks 9,100 9,100
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 9,596 7,102
Prepayments and accrued income 1,941 1,652
Other debtors 3,375 406
VAT reclaimed 4,723 2,379
Directors' loan accounts 2,738 -
22,373 11,539
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 41,598 39,707
Bank loans and overdrafts - 23,798
Other loans - 6,418
Other taxes and social security 763 2,886
Net wages 2,397 2,197
Other creditors 5,395 2,821
Accruals and deferred income - 500
Directors' loan accounts 236 344
50,389 78,671
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,000 9,000
Other loans 8,725 1,602
17,725 10,602
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
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