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 05493245 Mr Matthew Wright Mr Hugh Bannigan Mr Matthew Wright MMY Accountancy Services Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05493245 2023-06-30 05493245 2024-06-30 05493245 2023-07-01 2024-06-30 05493245 frs-core:CurrentFinancialInstruments 2024-06-30 05493245 frs-core:Non-currentFinancialInstruments 2024-06-30 05493245 frs-core:ComputerEquipment 2024-06-30 05493245 frs-core:ComputerEquipment 2023-07-01 2024-06-30 05493245 frs-core:ComputerEquipment 2023-06-30 05493245 frs-core:FurnitureFittings 2024-06-30 05493245 frs-core:FurnitureFittings 2023-07-01 2024-06-30 05493245 frs-core:FurnitureFittings 2023-06-30 05493245 frs-core:NetGoodwill 2024-06-30 05493245 frs-core:NetGoodwill 2023-07-01 2024-06-30 05493245 frs-core:NetGoodwill 2023-06-30 05493245 frs-core:MotorVehicles 2024-06-30 05493245 frs-core:MotorVehicles 2023-07-01 2024-06-30 05493245 frs-core:MotorVehicles 2023-06-30 05493245 frs-core:PlantMachinery 2024-06-30 05493245 frs-core:PlantMachinery 2023-07-01 2024-06-30 05493245 frs-core:PlantMachinery 2023-06-30 05493245 frs-core:RevaluationReserve 2023-06-30 05493245 frs-core:RevaluationReserve 2024-06-30 05493245 frs-core:ShareCapital 2024-06-30 05493245 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 05493245 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05493245 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 05493245 frs-bus:SmallEntities 2023-07-01 2024-06-30 05493245 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05493245 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 05493245 frs-bus:Director1 2023-07-01 2024-06-30 05493245 frs-bus:Director2 2023-07-01 2024-06-30 05493245 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 05493245 frs-bus:CompanySecretary2 2023-07-01 2024-06-30 05493245 frs-core:CurrentFinancialInstruments 2 2024-06-30 05493245 frs-countries:EnglandWales 2023-07-01 2024-06-30 05493245 2022-06-30 05493245 2023-06-30 05493245 2022-07-01 2023-06-30 05493245 frs-core:CurrentFinancialInstruments 2023-06-30 05493245 frs-core:Non-currentFinancialInstruments 2023-06-30 05493245 frs-core:RevaluationReserve 2023-06-30 05493245 frs-core:ShareCapital 2023-06-30 05493245 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 05493245 frs-core:CurrentFinancialInstruments 2 2023-06-30
Registered number: 05493245
Artisan BeSpoke Furniture Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Solid Rock Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05493245
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 750,000 750,000
Tangible Assets 5 86,871 41,121
836,871 791,121
CURRENT ASSETS
Stocks 6 500,000 500,000
Debtors 7 59,796 27,890
559,796 527,890
Creditors: Amounts Falling Due Within One Year 8 (441,552 ) (504,410 )
NET CURRENT ASSETS (LIABILITIES) 118,244 23,480
TOTAL ASSETS LESS CURRENT LIABILITIES 955,115 814,601
Creditors: Amounts Falling Due After More Than One Year 9 (218,347 ) (118,855 )
NET ASSETS 736,768 695,746
CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 717,379 717,379
Profit and Loss Account 19,289 (21,733 )
SHAREHOLDERS' FUNDS 736,768 695,746
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 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 Matthew Wright
Director
25/03/2025
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
Artisan BeSpoke Furniture Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05493245 . The registered office is Clarence House, 35 Clarence Street, Market Harborough, Leicestershire, LE16 7NE.
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 .... 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 15%
Motor Vehicles 25%
Fixtures & Fittings 15%
Computer Equipment 15%
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
Average number of employees, including directors, during the year was: 15 (2023: 16)
15 16
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Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 750,000
As at 30 June 2024 750,000
Net Book Value
As at 30 June 2024 750,000
As at 1 July 2023 750,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 157,948 - 32,753 24,759 215,460
Additions - 69,024 - 177 69,201
As at 30 June 2024 157,948 69,024 32,753 24,936 284,661
Depreciation
As at 1 July 2023 123,450 - 28,395 22,494 174,339
Provided during the period 5,174 17,256 654 367 23,451
As at 30 June 2024 128,624 17,256 29,049 22,861 197,790
Net Book Value
As at 30 June 2024 29,324 51,768 3,704 2,075 86,871
As at 1 July 2023 34,498 - 4,358 2,265 41,121
6. Stocks
2024 2023
£ £
Stock 500,000 500,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 50,838 18,657
Prepayments and accrued income 8,958 7,066
Other debtors - 2,167
59,796 27,890
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 116,911 99,125
Bank loans and overdrafts 125,905 63,935
Other taxes and social security 10,284 10,398
VAT 57,448 42,043
Defered Income 76,954 234,524
Other creditors (2) 51,000 51,000
Accruals and deferred income 3,050 3,385
441,552 504,410
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 172,182 87,500
Directors loan account 46,165 31,355
218,347 118,855
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Reserves
Revaluation Reserve
£
As at 1 July 2023 717,379
As at 30 June 2024 717,379
Page 5