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 12774760 Mr Simon Crow Miss Francesca Henderson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12774760 2023-07-31 12774760 2024-07-31 12774760 2023-08-01 2024-07-31 12774760 frs-core:CurrentFinancialInstruments 2024-07-31 12774760 frs-core:ComputerEquipment 2024-07-31 12774760 frs-core:ComputerEquipment 2023-08-01 2024-07-31 12774760 frs-core:ComputerEquipment 2023-07-31 12774760 frs-core:MotorVehicles 2024-07-31 12774760 frs-core:MotorVehicles 2023-08-01 2024-07-31 12774760 frs-core:MotorVehicles 2023-07-31 12774760 frs-core:PlantMachinery 2024-07-31 12774760 frs-core:PlantMachinery 2023-08-01 2024-07-31 12774760 frs-core:PlantMachinery 2023-07-31 12774760 frs-core:ShareCapital 2024-07-31 12774760 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 12774760 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12774760 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 12774760 frs-bus:SmallEntities 2023-08-01 2024-07-31 12774760 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12774760 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12774760 frs-bus:Director1 2023-08-01 2024-07-31 12774760 frs-bus:Director2 2023-08-01 2024-07-31 12774760 frs-countries:EnglandWales 2023-08-01 2024-07-31 12774760 2022-07-31 12774760 2023-07-31 12774760 2022-08-01 2023-07-31 12774760 frs-core:CurrentFinancialInstruments 2023-07-31 12774760 frs-core:ShareCapital 2023-07-31 12774760 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 12774760
FARROW GROUP LTD
Unaudited Financial Statements
For The Year Ended 31 July 2024
AMCI ASSOCIATES LTD
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12774760
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,107 3,793
5,107 3,793
CURRENT ASSETS
Debtors 5 400 400
Cash at bank and in hand 13,692 10,172
14,092 10,572
Creditors: Amounts Falling Due Within One Year 6 (30,581 ) (23,527 )
NET CURRENT ASSETS (LIABILITIES) (16,489 ) (12,955 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,382 ) (9,162 )
NET LIABILITIES (11,382 ) (9,162 )
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (11,384 ) (9,164 )
SHAREHOLDERS' FUNDS (11,382) (9,162)
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 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 Simon Crow
Director
28/03/2025
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
FARROW GROUP LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12774760 . The registered office is 133 Tame Road, Birmingham, B6 7DG.
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 15%
Motor Vehicles 25%
Computer Equipment 20%
2.4. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 2
Page 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 4,328 2,100 523 6,951
Additions 208 3,000 207 3,415
As at 31 July 2024 4,536 5,100 730 10,366
Depreciation
As at 1 August 2023 1,794 1,260 104 3,158
Provided during the period 680 1,275 146 2,101
As at 31 July 2024 2,474 2,535 250 5,259
Net Book Value
As at 31 July 2024 2,062 2,565 480 5,107
As at 1 August 2023 2,534 840 419 3,793
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 400 400
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 47 866
VAT 28,193 15,756
Other creditors 2,171 6,741
Directors' loan accounts 170 164
30,581 23,527
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 3