Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 13503724 Mr Leslie Harwood iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13503724 2023-07-31 13503724 2024-07-31 13503724 2023-08-01 2024-07-31 13503724 frs-core:CurrentFinancialInstruments 2024-07-31 13503724 frs-core:ComputerEquipment 2024-07-31 13503724 frs-core:ComputerEquipment 2023-08-01 2024-07-31 13503724 frs-core:ComputerEquipment 2023-07-31 13503724 frs-core:MotorVehicles 2024-07-31 13503724 frs-core:MotorVehicles 2023-08-01 2024-07-31 13503724 frs-core:MotorVehicles 2023-07-31 13503724 frs-core:PlantMachinery 2024-07-31 13503724 frs-core:PlantMachinery 2023-08-01 2024-07-31 13503724 frs-core:PlantMachinery 2023-07-31 13503724 frs-core:ShareCapital 2024-07-31 13503724 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 13503724 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13503724 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 13503724 frs-bus:SmallEntities 2023-08-01 2024-07-31 13503724 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 13503724 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 13503724 frs-bus:Director1 2023-08-01 2024-07-31 13503724 frs-countries:EnglandWales 2023-08-01 2024-07-31 13503724 2022-07-31 13503724 2023-07-31 13503724 2022-08-01 2023-07-31 13503724 frs-core:CurrentFinancialInstruments 2023-07-31 13503724 frs-core:ShareCapital 2023-07-31 13503724 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 13503724
L Harwood Dry Lining & Rendering Contractors Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13503724
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 33,793 25,414
33,793 25,414
CURRENT ASSETS
Debtors 5 2,365 16,873
Cash at bank and in hand 18,576 20,817
20,941 37,690
Creditors: Amounts Falling Due Within One Year 6 (40,025 ) (49,020 )
NET CURRENT ASSETS (LIABILITIES) (19,084 ) (11,330 )
TOTAL ASSETS LESS CURRENT LIABILITIES 14,709 14,084
NET ASSETS 14,709 14,084
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 14,609 13,984
SHAREHOLDERS' FUNDS 14,709 14,084
For the year ending 31 July 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 Leslie Harwood
Director
03/04/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
L Harwood Dry Lining & Rendering Contractors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13503724 . The registered office is Premier House, Bradford Road, Cleckheaton, West Yorkshire, BD19 3TT.
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. 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 20% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 33% reducing balance
2.4. 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 years 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred 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: 1 (2023: 1)
1 1
Page 2
Page 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 3,500 34,000 250 37,750
Additions 4,067 14,829 377 19,273
As at 31 July 2024 7,567 48,829 627 57,023
Depreciation
As at 1 August 2023 1,260 10,938 138 12,336
Provided during the period 1,261 9,472 161 10,894
As at 31 July 2024 2,521 20,410 299 23,230
Net Book Value
As at 31 July 2024 5,046 28,419 328 33,793
As at 1 August 2023 2,240 23,062 112 25,414
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,365 -
Other debtors - 5,362
VAT - 11,511
2,365 16,873
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 118 741
Other taxes and social security 1,118 -
VAT 946 -
Accruals and deferred income 1,550 1,525
Director's loan account 36,293 46,754
40,025 49,020
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3