Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 07728038 Mrs Larissa Rogers Mr Timothy Rogers Mr T Rogers false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07728038 2023-08-31 07728038 2024-08-31 07728038 2023-09-01 2024-08-31 07728038 frs-core:CurrentFinancialInstruments 2024-08-31 07728038 frs-core:Non-currentFinancialInstruments 2024-08-31 07728038 frs-core:MotorVehicles 2024-08-31 07728038 frs-core:MotorVehicles 2023-09-01 2024-08-31 07728038 frs-core:MotorVehicles 2023-08-31 07728038 frs-core:PlantMachinery 2024-08-31 07728038 frs-core:PlantMachinery 2023-09-01 2024-08-31 07728038 frs-core:PlantMachinery 2023-08-31 07728038 frs-core:ShareCapital 2024-08-31 07728038 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 07728038 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07728038 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 07728038 frs-bus:SmallEntities 2023-09-01 2024-08-31 07728038 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 07728038 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 07728038 1 2023-09-01 2024-08-31 07728038 frs-bus:Director1 2023-09-01 2024-08-31 07728038 frs-bus:Director2 2023-09-01 2024-08-31 07728038 frs-countries:EnglandWales 2023-09-01 2024-08-31 07728038 2022-08-31 07728038 2023-08-31 07728038 2022-09-01 2023-08-31 07728038 frs-core:CurrentFinancialInstruments 2023-08-31 07728038 frs-core:Non-currentFinancialInstruments 2023-08-31 07728038 frs-core:WithinOneYear 2023-08-31 07728038 frs-core:ShareCapital 2023-08-31 07728038 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 07728038
Oakencroft Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Heelan Associates Ltd
1 The Briars
Waterberry Drive
Waterlooville
Hampshire
PO7 7YH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07728038
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,933 33,559
32,933 33,559
CURRENT ASSETS
Debtors 5 522 8,638
Cash at bank and in hand 29,656 36,051
30,178 44,689
Creditors: Amounts Falling Due Within One Year 6 (42,158 ) (61,257 )
NET CURRENT ASSETS (LIABILITIES) (11,980 ) (16,568 )
TOTAL ASSETS LESS CURRENT LIABILITIES 20,953 16,991
Creditors: Amounts Falling Due After More Than One Year 7 (3,334 ) (7,333 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,257 ) (6,376 )
NET ASSETS 11,362 3,282
CAPITAL AND RESERVES
Called up share capital 9 4 4
Profit and Loss Account 11,358 3,278
SHAREHOLDERS' FUNDS 11,362 3,282
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For the year ending 31 August 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 Timothy Rogers
Director
28 February 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Oakencroft Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07728038 . The registered office is 1 The Briars, Waterberry Drive, Waterlooville, Hampshire, PO7 7YH.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 over 5 years
Motor Vehicles over 3 years
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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 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 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: 3 (2023: 1)
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 September 2023 31,477 24,389 55,866
Additions 3,799 2,078 5,877
Disposals - (4,892 ) (4,892 )
As at 31 August 2024 35,276 21,575 56,851
Depreciation
As at 1 September 2023 9,795 12,512 22,307
Provided during the period 2,548 (937 ) 1,611
As at 31 August 2024 12,343 11,575 23,918
Net Book Value
As at 31 August 2024 22,933 10,000 32,933
As at 1 September 2023 21,682 11,877 33,559
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 222 2,965
Other debtors 300 5,673
522 8,638
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 9,301
Trade creditors 385 4,318
Bank loans and overdrafts 4,000 4,000
Other creditors 30,985 32,366
Taxation and social security 6,788 11,272
42,158 61,257
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,334 7,333
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 9,301
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
10. Related Party Transactions
Included within other creditors is the amount of £29,908 (2023 - £32,366) owed to the directors. This amount is undated, unsecured, interest free and repayable upon demand.
11. Controlling Party
The company's controlling party is Mr T Rogers as the director and shareholder.
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