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 12080284 Mr CHRISTOPHER PERRETT Mr GEOFF PRIGGEN iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12080284 2023-07-31 12080284 2024-07-31 12080284 2023-08-01 2024-07-31 12080284 frs-core:CurrentFinancialInstruments 2024-07-31 12080284 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-01 2024-07-31 12080284 frs-core:FurnitureFittings 2024-07-31 12080284 frs-core:FurnitureFittings 2023-08-01 2024-07-31 12080284 frs-core:FurnitureFittings 2023-07-31 12080284 frs-core:MotorVehicles 2024-07-31 12080284 frs-core:MotorVehicles 2023-08-01 2024-07-31 12080284 frs-core:MotorVehicles 2023-07-31 12080284 frs-core:OtherResidualIntangibleAssets 2024-07-31 12080284 frs-core:OtherResidualIntangibleAssets 2023-08-01 2024-07-31 12080284 frs-core:OtherResidualIntangibleAssets 2023-07-31 12080284 frs-core:PlantMachinery 2024-07-31 12080284 frs-core:PlantMachinery 2023-08-01 2024-07-31 12080284 frs-core:PlantMachinery 2023-07-31 12080284 frs-core:ShareCapital 2024-07-31 12080284 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 12080284 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12080284 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 12080284 frs-bus:SmallEntities 2023-08-01 2024-07-31 12080284 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12080284 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12080284 frs-bus:Director1 2023-08-01 2024-07-31 12080284 frs-bus:Director2 2023-08-01 2024-07-31 12080284 frs-countries:EnglandWales 2023-08-01 2024-07-31 12080284 2022-07-31 12080284 2023-07-31 12080284 2022-08-01 2023-07-31 12080284 frs-core:CurrentFinancialInstruments 2023-07-31 12080284 frs-core:ShareCapital 2023-07-31 12080284 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 12080284
FINCHLEY SAAB LTD
Unaudited Financial Statements
For The Year Ended 31 July 2024
PRS ACCOUNTANTS AND TAXATION SERVICES LTD
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 12080284
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 825 990
Tangible Assets 5 24,103 22,945
24,928 23,935
CURRENT ASSETS
Stocks 6 10,000 11,000
Debtors 7 - 6,500
Cash at bank and in hand 19,089 21,493
29,089 38,993
Creditors: Amounts Falling Due Within One Year 8 (53,896 ) (73,488 )
NET CURRENT ASSETS (LIABILITIES) (24,807 ) (34,495 )
TOTAL ASSETS LESS CURRENT LIABILITIES 121 (10,560 )
NET ASSETS/(LIABILITIES) 121 (10,560 )
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account (879 ) (11,560 )
SHAREHOLDERS' FUNDS 121 (10,560)
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 CHRISTOPHER PERRETT
Director
Mr GEOFF PRIGGEN
Director
15/04/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
FINCHLEY SAAB LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12080284 . The registered office is 79 GLEBE ROAD, FINCHLEY, LONDON, N3 2AX.
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 - Other Intangible
Other intangible assets are .... 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 10% on reducing balance basis
Motor Vehicles 20% on reducing balance basis
Fixtures & Fittings 10% on reducing balance basis
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Intangible Assets
Other
£
Cost
As at 1 August 2023 1,650
As at 31 July 2024 1,650
...CONTINUED
Page 2
Page 3
Amortisation
As at 1 August 2023 660
Provided during the period 165
As at 31 July 2024 825
Net Book Value
As at 31 July 2024 825
As at 1 August 2023 990
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 August 2023 27,685 3,500 3,100 34,285
Additions 3,995 - - 3,995
As at 31 July 2024 31,680 3,500 3,100 38,280
Depreciation
As at 1 August 2023 8,208 2,066 1,066 11,340
Provided during the period 2,347 287 203 2,837
As at 31 July 2024 10,555 2,353 1,269 14,177
Net Book Value
As at 31 July 2024 21,125 1,147 1,831 24,103
As at 1 August 2023 19,477 1,434 2,034 22,945
6. Stocks
2024 2023
£ £
Finished goods 10,000 11,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 244
Prepayments and accrued income - 6,256
- 6,500
Page 3
Page 4
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 12,196 18,731
Bank loans and overdrafts 8,527 3,986
Other taxes and social security 1,094 828
VAT 6,002 7,715
Other creditors 335 328
Directors' loan accounts 25,742 41,900
53,896 73,488
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4