Acorah Software Products - Accounts Production 16.1.200 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 NI655315 Mr Andrew Armstrong Mr Edward Armstrong iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI655315 2023-05-31 NI655315 2024-05-31 NI655315 2023-06-01 2024-05-31 NI655315 frs-core:CurrentFinancialInstruments 2024-05-31 NI655315 frs-core:Non-currentFinancialInstruments 2024-05-31 NI655315 frs-core:FurnitureFittings 2024-05-31 NI655315 frs-core:FurnitureFittings 2023-06-01 2024-05-31 NI655315 frs-core:FurnitureFittings 2023-05-31 NI655315 frs-core:NetGoodwill 2024-05-31 NI655315 frs-core:NetGoodwill 2023-06-01 2024-05-31 NI655315 frs-core:NetGoodwill 2023-05-31 NI655315 frs-core:MotorVehicles 2024-05-31 NI655315 frs-core:MotorVehicles 2023-06-01 2024-05-31 NI655315 frs-core:MotorVehicles 2023-05-31 NI655315 frs-core:PlantMachinery 2024-05-31 NI655315 frs-core:PlantMachinery 2023-06-01 2024-05-31 NI655315 frs-core:PlantMachinery 2023-05-31 NI655315 frs-core:ShareCapital 2024-05-31 NI655315 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 NI655315 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 NI655315 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 NI655315 frs-bus:SmallEntities 2023-06-01 2024-05-31 NI655315 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 NI655315 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 NI655315 frs-bus:Director1 2023-06-01 2024-05-31 NI655315 frs-bus:Director2 2023-06-01 2024-05-31 NI655315 frs-countries:NorthernIreland 2023-06-01 2024-05-31 NI655315 2022-05-31 NI655315 2023-05-31 NI655315 2022-06-01 2023-05-31 NI655315 frs-core:CurrentFinancialInstruments 2023-05-31 NI655315 frs-core:Non-currentFinancialInstruments 2023-05-31 NI655315 frs-core:ShareCapital 2023-05-31 NI655315 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: NI655315
Unit Design Quality Kitchens & Bedrooms Ltd
Financial Statements
For The Year Ended 31 May 2024
SJO Accountants
37 Movilla Street
Newtownards
Co Down
BT23 7JQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI655315
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 41,766 44,085
41,766 44,085
CURRENT ASSETS
Stocks 6 196,268 219,000
Debtors 7 60,262 48,921
Cash at bank and in hand - 165
256,530 268,086
Creditors: Amounts Falling Due Within One Year 8 (201,750 ) (205,942 )
NET CURRENT ASSETS (LIABILITIES) 54,780 62,144
TOTAL ASSETS LESS CURRENT LIABILITIES 96,546 106,229
Creditors: Amounts Falling Due After More Than One Year 9 (10,098 ) (23,783 )
NET ASSETS 86,448 82,446
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 86,447 82,445
SHAREHOLDERS' FUNDS 86,448 82,446
Page 1
Page 2
For the year ending 31 May 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 Andrew Armstrong
Director
11th April 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Unit Design Quality Kitchens & Bedrooms Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI655315 . The registered office is 9d Portaferry Road , Newtownards, United Kingdom, BT23 8NN.
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. 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 25% (Reducing Balance)
Motor Vehicles 15% (Reducing Balance)
Fixtures & Fittings 25% (Reducing Balance)
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. 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.
...CONTINUED
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Page 4
2.6. Taxation - continued
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: 15 (2023: )
15 -
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2023 11,700
As at 31 May 2024 11,700
Amortisation
As at 1 June 2023 11,700
As at 31 May 2024 11,700
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 June 2023 286,184 40,925 80,991 408,100
Additions 12,900 - - 12,900
As at 31 May 2024 299,084 40,925 80,991 421,000
Depreciation
As at 1 June 2023 272,175 13,158 78,682 364,015
Provided during the period 7,357 5,553 2,309 15,219
As at 31 May 2024 279,532 18,711 80,991 379,234
Net Book Value
As at 31 May 2024 19,552 22,214 - 41,766
As at 1 June 2023 14,009 27,767 2,309 44,085
Page 4
Page 5
6. Stocks
2024 2023
£ £
Materials 69,000 69,000
Finished goods 127,268 150,000
196,268 219,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 60,262 46,076
Other debtors - 2,845
60,262 48,921
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 123,695 107,201
Bank loans and overdrafts 43,351 39,975
Other loans 1,726 5,065
Other creditors 16,360 3,923
Taxation and social security 16,618 49,778
201,750 205,942
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,098 21,861
Other loans - 1,922
10,098 23,783
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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