Acorah Software Products - Accounts Production 16.1.300 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 01769841 M A Whitehead M J Whitehead iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01769841 2023-11-30 01769841 2024-11-30 01769841 2023-12-01 2024-11-30 01769841 frs-core:CurrentFinancialInstruments 2024-11-30 01769841 frs-core:BetweenOneFiveYears 2024-11-30 01769841 frs-core:ComputerEquipment 2024-11-30 01769841 frs-core:ComputerEquipment 2023-12-01 2024-11-30 01769841 frs-core:ComputerEquipment 2023-11-30 01769841 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-30 01769841 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 01769841 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 01769841 frs-core:MotorVehicles 2024-11-30 01769841 frs-core:MotorVehicles 2023-12-01 2024-11-30 01769841 frs-core:MotorVehicles 2023-11-30 01769841 frs-core:PlantMachinery 2024-11-30 01769841 frs-core:PlantMachinery 2023-12-01 2024-11-30 01769841 frs-core:PlantMachinery 2023-11-30 01769841 frs-core:WithinOneYear 2024-11-30 01769841 frs-core:ShareCapital 2024-11-30 01769841 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 01769841 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 01769841 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 01769841 frs-bus:SmallEntities 2023-12-01 2024-11-30 01769841 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 01769841 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 01769841 frs-bus:Director1 2023-12-01 2024-11-30 01769841 frs-bus:CompanySecretary1 2023-12-01 2024-11-30 01769841 frs-countries:EnglandWales 2023-12-01 2024-11-30 01769841 2022-11-30 01769841 2023-11-30 01769841 2022-12-01 2023-11-30 01769841 frs-core:CurrentFinancialInstruments 2023-11-30 01769841 frs-core:BetweenOneFiveYears 2023-11-30 01769841 frs-core:WithinOneYear 2023-11-30 01769841 frs-core:ShareCapital 2023-11-30 01769841 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 01769841
Osbornes Removals and Storage Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01769841
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 153,652 125,669
153,652 125,669
CURRENT ASSETS
Stocks 5 4,915 4,805
Debtors 6 77,732 59,243
Cash at bank and in hand 302,628 427,362
385,275 491,410
Creditors: Amounts Falling Due Within One Year 7 (72,043 ) (103,578 )
NET CURRENT ASSETS (LIABILITIES) 313,232 387,832
TOTAL ASSETS LESS CURRENT LIABILITIES 466,884 513,501
PROVISIONS FOR LIABILITIES
Deferred Taxation (21,587 ) (16,227 )
NET ASSETS 445,297 497,274
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 445,197 497,174
SHAREHOLDERS' FUNDS 445,297 497,274
Page 1
Page 2
For the year ending 30 November 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 her 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
M A Whitehead
Director
9th 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
Osbornes Removals and Storage Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01769841 . The registered office is Remco Buildings, Wharf Road, Sale, Cheshire, M33 2AF.
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. 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:
Freehold 2% on cost
Plant & Machinery 10% on cost
Motor Vehicles 15% on reducing balance
Computer Equipment 20% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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. 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.
Page 3
Page 4
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.
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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 12)
8 12
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2023 107,492 81,335 225,671 4,504 419,002
Additions - - 47,285 802 48,087
Disposals - - - (843 ) (843 )
As at 30 November 2024 107,492 81,335 272,956 4,463 466,246
Depreciation
As at 1 December 2023 52,427 80,723 157,104 3,079 293,333
Provided during the period 1,505 202 17,378 810 19,895
Disposals - - - (634 ) (634 )
As at 30 November 2024 53,932 80,925 174,482 3,255 312,594
Net Book Value
As at 30 November 2024 53,560 410 98,474 1,208 153,652
As at 1 December 2023 55,065 612 68,567 1,425 125,669
Included in cost of land and property freehold is freehold land of £32,248 (2023: £32,248) which is not depreciated. 
Page 4
Page 5
5. Stocks
2024 2023
£ £
Materials 4,915 4,805
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 14,144 16,316
Prepayments and accrued income 43,299 40,367
Other debtors 2,154 2,560
Corporation tax recoverable assets 18,135 -
77,732 59,243
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 12,230 13,911
Corporation tax - 18,135
Other taxes and social security 6,636 7,205
VAT 21,515 25,554
Other creditors 8,368 33,449
Accruals and deferred income 3,524 3,547
Director's loan account 19,770 1,777
72,043 103,578
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 23,820 28,160
Later than one year and not later than five years 6,480 19,500
30,300 47,660
10. Related Party Transactions
The director's loan account represent amounts due to a director, M A Whitehead. The loan is unsecured, interest free and repayable on demand.
Page 5