Acorah Software Products - Accounts Production 14.6.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 4237282 Mr Gerard Pope Mrs Deborah Pope iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 4237282 2023-06-30 4237282 2024-06-30 4237282 2023-07-01 2024-06-30 4237282 frs-core:CurrentFinancialInstruments 2024-06-30 4237282 frs-core:FurnitureFittings 2024-06-30 4237282 frs-core:FurnitureFittings 2023-07-01 2024-06-30 4237282 frs-core:FurnitureFittings 2023-06-30 4237282 frs-core:NetGoodwill 2024-06-30 4237282 frs-core:NetGoodwill 2023-07-01 2024-06-30 4237282 frs-core:NetGoodwill 2023-06-30 4237282 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 4237282 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 4237282 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 4237282 frs-core:MotorVehicles 2024-06-30 4237282 frs-core:MotorVehicles 2023-07-01 2024-06-30 4237282 frs-core:MotorVehicles 2023-06-30 4237282 frs-core:PlantMachinery 2024-06-30 4237282 frs-core:PlantMachinery 2023-07-01 2024-06-30 4237282 frs-core:PlantMachinery 2023-06-30 4237282 frs-core:ShareCapital 2024-06-30 4237282 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 4237282 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 4237282 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 4237282 frs-bus:SmallEntities 2023-07-01 2024-06-30 4237282 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 4237282 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 4237282 frs-bus:Director1 2023-07-01 2024-06-30 4237282 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 4237282 frs-countries:EnglandWales 2023-07-01 2024-06-30 4237282 2022-06-30 4237282 2023-06-30 4237282 2022-07-01 2023-06-30 4237282 frs-core:CurrentFinancialInstruments 2023-06-30 4237282 frs-core:ShareCapital 2023-06-30 4237282 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 4237282
Pauls Farm Shop Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Fairmans Accountants
61 Stanifield Lane
Farington
Leyland
PR25 4UD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 4237282
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,200 1,200
Tangible Assets 5 28,965 17,360
30,165 18,560
CURRENT ASSETS
Stocks 6 20,000 17,000
Debtors 7 7,903 9,916
Cash at bank and in hand 227,707 210,810
255,610 237,726
Creditors: Amounts Falling Due Within One Year 8 (61,493 ) (82,271 )
NET CURRENT ASSETS (LIABILITIES) 194,117 155,455
TOTAL ASSETS LESS CURRENT LIABILITIES 224,282 174,015
NET ASSETS 224,282 174,015
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 224,280 174,013
SHAREHOLDERS' FUNDS 224,282 174,015
Page 1
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 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 Gerard Pope
Director
17/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Pauls Farm Shop Limited is a private company, limited by shares, incorporated in England & Wales, registered number 4237282 . The registered office is 61 Stanifield Lane, Farington, Leyland, PR25 4WF.
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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form 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 5 years.
2.4. 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:
Freehold 5% straight line
Plant & Machinery 20% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 20% straight line
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Page 4
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.
2.6. Taxation
Income tax expense represents the tax currently payable.
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 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.
Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current 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: 25 (2023: 25)
25 25
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 1,200
As at 30 June 2024 1,200
Net Book Value
As at 30 June 2024 1,200
As at 1 July 2023 1,200
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 July 2023 7,056 85,434 23,450 16,430 132,370
Additions - 2,480 20,895 880 24,255
Disposals - - (14,700 ) - (14,700 )
As at 30 June 2024 7,056 87,914 29,645 17,310 141,925
...CONTINUED
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Page 5
Depreciation
As at 1 July 2023 1,463 75,748 23,447 14,352 115,010
Provided during the period 293 4,883 5,224 2,249 12,649
Disposals - - (14,699 ) - (14,699 )
As at 30 June 2024 1,756 80,631 13,972 16,601 112,960
Net Book Value
As at 30 June 2024 5,300 7,283 15,673 709 28,965
As at 1 July 2023 5,593 9,686 3 2,078 17,360
6. Stocks
2024 2023
£ £
Stock 20,000 17,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,826 5,409
Prepayments and accrued income 2,080 2,580
VAT 997 1,927
7,903 9,916
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 35,671 59,503
Corporation tax 19,921 16,824
Other taxes and social security 1,527 1,328
Other creditors 278 294
Accruals and deferred income 4,063 3,653
Director's loan account 33 669
61,493 82,271
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Gerard Pope 15,250 17,500
Page 5