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 11100439 Mr Ian Gill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11100439 2023-12-31 11100439 2024-12-31 11100439 2024-01-01 2024-12-31 11100439 frs-core:CurrentFinancialInstruments 2024-12-31 11100439 frs-core:FurnitureFittings 2024-12-31 11100439 frs-core:FurnitureFittings 2024-01-01 2024-12-31 11100439 frs-core:FurnitureFittings 2023-12-31 11100439 frs-core:NetGoodwill 2024-12-31 11100439 frs-core:NetGoodwill 2024-01-01 2024-12-31 11100439 frs-core:NetGoodwill 2023-12-31 11100439 frs-core:PlantMachinery 2024-12-31 11100439 frs-core:PlantMachinery 2024-01-01 2024-12-31 11100439 frs-core:PlantMachinery 2023-12-31 11100439 frs-core:ShareCapital 2024-12-31 11100439 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11100439 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11100439 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11100439 frs-bus:SmallEntities 2024-01-01 2024-12-31 11100439 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11100439 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11100439 frs-bus:Director1 2024-01-01 2024-12-31 11100439 frs-countries:EnglandWales 2024-01-01 2024-12-31 11100439 2022-12-31 11100439 2023-12-31 11100439 2023-01-01 2023-12-31 11100439 frs-core:CurrentFinancialInstruments 2023-12-31 11100439 frs-core:ShareCapital 2023-12-31 11100439 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11100439
Quality Home Improvements South East Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11100439
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 131
Tangible Assets 5 2,244 2,640
2,244 2,771
CURRENT ASSETS
Debtors 6 8,279 10,015
Cash at bank and in hand 4,847 10,487
13,126 20,502
Creditors: Amounts Falling Due Within One Year 7 (14,579 ) (22,600 )
NET CURRENT ASSETS (LIABILITIES) (1,453 ) (2,098 )
TOTAL ASSETS LESS CURRENT LIABILITIES 791 673
PROVISIONS FOR LIABILITIES
Deferred Taxation (526 ) (526 )
NET ASSETS 265 147
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 263 145
SHAREHOLDERS' FUNDS 265 147
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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 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 Ian Gill
Director
14/04/2025
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
Quality Home Improvements South East Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11100439 . The registered office is The Old Barn Wood Street, Swanley, BR8 7PA.
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.
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% WDV
Fixtures & Fittings 15% WDV
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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 500
As at 31 December 2024 500
Amortisation
As at 1 January 2024 369
Provided during the period 131
As at 31 December 2024 500
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 131
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2024 6,000 1,000 7,000
As at 31 December 2024 6,000 1,000 7,000
Depreciation
As at 1 January 2024 3,737 623 4,360
Provided during the period 396 - 396
As at 31 December 2024 4,133 623 4,756
Net Book Value
As at 31 December 2024 1,867 377 2,244
As at 1 January 2024 2,263 377 2,640
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6. Debtors
2024 2023
£ £
Due within one year
Other debtors 307 -
Director's loan account 7,972 10,015
8,279 10,015
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,101 2,113
Corporation tax 4,813 9,968
Other taxes and social security 856 660
VAT 3,841 7,526
Other creditors 2,968 2,333
14,579 22,600
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Related Party Transactions
Included in Other Debtors is an amount of £8,278 (2023 - £10,015) due by the director Mr I Gill. This amount will be repaid within nine months from the year year end.
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