Acorah Software Products - Accounts Production 16.1.300 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06861901 Mrs Gabriela Cobzaru Mrs Gabriela Cobzaru iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06861901 2023-03-31 06861901 2024-03-31 06861901 2023-04-01 2024-03-31 06861901 frs-core:Non-currentFinancialInstruments 2024-03-31 06861901 frs-core:MotorVehicles 2023-04-01 2024-03-31 06861901 frs-core:ShareCapital 2024-03-31 06861901 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06861901 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06861901 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 06861901 frs-bus:SmallEntities 2023-04-01 2024-03-31 06861901 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06861901 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06861901 frs-bus:Director1 2023-04-01 2024-03-31 06861901 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 06861901 frs-countries:EnglandWales 2023-04-01 2024-03-31 06861901 2022-03-31 06861901 2023-03-31 06861901 2022-04-01 2023-03-31 06861901 frs-core:Non-currentFinancialInstruments 2023-03-31 06861901 frs-core:ShareCapital 2023-03-31 06861901 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06861901
A & C BUILDERS LIMITED
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 06861901
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,745 2,181
1,745 2,181
CURRENT ASSETS
Debtors 34,508 37,826
Cash at bank and in hand 2,460 6,080
36,968 43,906
Creditors: Amounts Falling Due Within One Year (21,106 ) (11,332 )
NET CURRENT ASSETS (LIABILITIES) 15,862 32,574
TOTAL ASSETS LESS CURRENT LIABILITIES 17,607 34,755
Creditors: Amounts Falling Due After More Than One Year (13,295 ) (33,300 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 5 (331 ) -
NET ASSETS 3,981 1,455
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 3,881 1,355
SHAREHOLDERS' FUNDS 3,981 1,455
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Gabriela Cobzaru
Director
27/12/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
A & C BUILDERS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 06861901 . The registered office is 2 Nicoll Place, London, NW4 3PD.
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. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. 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 rendering of services. 
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.
2.4. 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:
Motor Vehicles Reducing Balance 20% Per annum
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 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 profit. 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 profits 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 profits 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are
recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 1 (2023: 1)
1 1
Page 3
Page 4
4. Tangible Assets
Total
£
Cost
As at 1 April 2023 12,995
As at 31 March 2024 12,995
Depreciation
As at 1 April 2023 10,814
Provided during the period 436
As at 31 March 2024 11,250
Net Book Value
As at 31 March 2024 1,745
As at 1 April 2023 2,181
5. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 331 -
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 34,500 24,500
During the year dividend amount of £34,500 (2023 £24,500) was paid to the director in respect of shares held by her.
Page 4