Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 05149985 Mr Nicholas Birch Mr Jade Swinfen Mr Gareth Sanders Mr Gerard Walmsley Mr Jade Swinfen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05149985 2023-12-31 05149985 2024-12-31 05149985 2024-01-01 2024-12-31 05149985 frs-core:Non-currentFinancialInstruments 2024-12-31 05149985 frs-core:ComputerEquipment 2024-12-31 05149985 frs-core:ComputerEquipment 2024-01-01 2024-12-31 05149985 frs-core:ComputerEquipment 2023-12-31 05149985 frs-core:FurnitureFittings 2024-12-31 05149985 frs-core:FurnitureFittings 2024-01-01 2024-12-31 05149985 frs-core:FurnitureFittings 2023-12-31 05149985 frs-core:NetGoodwill 2024-12-31 05149985 frs-core:NetGoodwill 2024-01-01 2024-12-31 05149985 frs-core:NetGoodwill 2023-12-31 05149985 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 05149985 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 05149985 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 05149985 frs-core:MotorVehicles 2024-12-31 05149985 frs-core:MotorVehicles 2024-01-01 2024-12-31 05149985 frs-core:MotorVehicles 2023-12-31 05149985 frs-core:PlantMachinery 2024-12-31 05149985 frs-core:PlantMachinery 2024-01-01 2024-12-31 05149985 frs-core:PlantMachinery 2023-12-31 05149985 frs-core:ShareCapital 2024-12-31 05149985 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05149985 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05149985 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05149985 frs-bus:SmallEntities 2024-01-01 2024-12-31 05149985 frs-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 05149985 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05149985 frs-core:UnlistedNon-exchangeTraded 2024-12-31 05149985 frs-core:UnlistedNon-exchangeTraded 2023-12-31 05149985 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 05149985 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 05149985 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 05149985 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 05149985 frs-bus:Director1 2024-01-01 2024-12-31 05149985 frs-bus:Director2 2024-01-01 2024-12-31 05149985 frs-bus:Director3 2024-01-01 2024-12-31 05149985 frs-bus:Director4 2024-01-01 2024-12-31 05149985 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 05149985 frs-countries:EnglandWales 2024-01-01 2024-12-31 05149985 2022-12-31 05149985 2023-12-31 05149985 2023-01-01 2023-12-31 05149985 frs-core:Non-currentFinancialInstruments 2023-12-31 05149985 frs-core:ShareCapital 2023-12-31 05149985 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Avon Boating Ltd
Financial Statements
For The Year Ended 31 December 2024
Financial Statements
Contents
Page
Accountants' Report 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—7
Page 1
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Avon Boating Ltd For The Year Ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Avon Boating Ltd For The Year Ended 31 December 2024 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Avon Boating Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Avon Boating Ltd and state those matters that we have agreed to state to the directors of Avon Boating Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Avon Boating Ltd and its directors, as a body, for our work or for this report.
It is your duty to ensure that Avon Boating Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Avon Boating Ltd . You consider that Avon Boating Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Avon Boating Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
18 March 2025
Cooper Adams Ltd
Chartered Accountants
12 Payton Street
Stratford upon Avon
Warwickshire
CV37 6UA
Page 1
Page 2
Statement of Financial Position
Registered number: 05149985
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - 5,000
Tangible assets 5 513,118 582,378
Investments 6 1 1
513,119 587,379
CURRENT ASSETS
Stocks 9,794 10,951
Debtors 115,900 96,626
Cash at bank and in hand 953,562 1,085,692
1,079,256 1,193,269
Creditors: Amounts Falling Due Within One Year (125,010 ) (115,898 )
NET CURRENT ASSETS (LIABILITIES) 954,246 1,077,371
TOTAL ASSETS LESS CURRENT LIABILITIES 1,467,365 1,664,750
Creditors: Amounts Falling Due After More Than One Year (42,786 ) (95,676 )
NET ASSETS 1,424,579 1,569,074
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Income Statement 1,423,579 1,568,074
SHAREHOLDERS' FUNDS 1,424,579 1,569,074
Page 2
Page 3
For the year ending 31 December 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 Income Statement.
On behalf of the board
Mr Jade Swinfen
Director
18 March 2025
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Avon Boating Ltd Registered number 05149985 is a limited by shares company incorporated in England & Wales. The Registered Office is Swans Nest Boathouse, Swans Nest Lane, Stratford upon Avon, Warwickshire, CV37 7LS.
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, excluding discounts, rebates, value added tax and other sales tax.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty 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:
Leasehold Straight line over 20 years
Plant & machinery 25% on reducing balance
Motor vehicles 25% on reducing balance
Boats 10% on reducing balance
Office Equipment 25% on reducing balance
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.6. Taxation
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.
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2.7. Government Grant
Government grants are recognised in the income statement 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 income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement 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 income statement over the useful life of the asset concerned.
All grants in the income statement 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: 47 (2023: 48)
47 48
4. Intangible assets
Goodwill
£
Cost
As at 1 January 2024 200,000
As at 31 December 2024 200,000
Amortisation
As at 1 January 2024 195,000
Provided during the period 5,000
As at 31 December 2024 200,000
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 5,000
5. Tangible assets
Land & Property
Leasehold Plant & machinery Motor vehicles Boats
£ £ £ £
Cost
As at 1 January 2024 102,897 196,806 52,225 818,020
Additions - 11,593 13,990 2,192
Disposals - (548 ) (15,670 ) (5,220 )
As at 31 December 2024 102,897 207,851 50,545 814,992
Depreciation
As at 1 January 2024 20,701 105,516 43,522 423,486
...CONTINUED
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Page 6
Provided during the period 5,144 25,683 5,624 56,092
Disposals - (375 ) (15,468 ) (2,516 )
As at 31 December 2024 25,845 130,824 33,678 477,062
Net Book Value
As at 31 December 2024 77,052 77,027 16,867 337,930
As at 1 January 2024 82,196 91,290 8,703 394,534
Office Equipment Total
£ £
Cost
As at 1 January 2024 24,493 1,194,441
Additions - 27,775
Disposals - (21,438 )
As at 31 December 2024 24,493 1,200,778
Depreciation
As at 1 January 2024 18,838 612,063
Provided during the period 1,413 93,956
Disposals - (18,359 )
As at 31 December 2024 20,251 687,660
Net Book Value
As at 31 December 2024 4,242 513,118
As at 1 January 2024 5,655 582,378
6. Investments
Unlisted
£
Cost
As at 1 January 2024 1
As at 31 December 2024 1
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 1
As at 1 January 2024 1
The £1 investment represents a 100% investment in Avon Boating Services Ltd, a company in which N Birch, J Swinfen, G Sanders and G Walmsley are also directors.
Page 6
Page 7
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 7