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 03097794 Mr D McKeever Mr D McKeever iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03097794 2023-08-31 03097794 2024-08-31 03097794 2023-09-01 2024-08-31 03097794 frs-core:CurrentFinancialInstruments 2024-08-31 03097794 frs-core:ComputerEquipment 2024-08-31 03097794 frs-core:ComputerEquipment 2023-09-01 2024-08-31 03097794 frs-core:ComputerEquipment 2023-08-31 03097794 frs-core:FurnitureFittings 2024-08-31 03097794 frs-core:FurnitureFittings 2023-09-01 2024-08-31 03097794 frs-core:FurnitureFittings 2023-08-31 03097794 frs-core:NetGoodwill 2024-08-31 03097794 frs-core:NetGoodwill 2023-09-01 2024-08-31 03097794 frs-core:NetGoodwill 2023-08-31 03097794 frs-core:ShareCapital 2024-08-31 03097794 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 03097794 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 03097794 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 03097794 frs-bus:SmallEntities 2023-09-01 2024-08-31 03097794 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 03097794 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 03097794 frs-bus:Director1 2023-09-01 2024-08-31 03097794 frs-bus:Director1 2023-08-31 03097794 frs-bus:Director1 2024-08-31 03097794 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 03097794 frs-countries:EnglandWales 2023-09-01 2024-08-31 03097794 2022-08-31 03097794 2023-08-31 03097794 2022-09-01 2023-08-31 03097794 frs-core:CurrentFinancialInstruments 2023-08-31 03097794 frs-core:ShareCapital 2023-08-31 03097794 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 03097794
Orchard Produce Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 03097794
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 166 247
166 247
CURRENT ASSETS
Debtors 6 515,344 177,039
Cash at bank and in hand 537,495 990,405
1,052,839 1,167,444
Creditors: Amounts Falling Due Within One Year 7 (57,418 ) (266,609 )
NET CURRENT ASSETS (LIABILITIES) 995,421 900,835
TOTAL ASSETS LESS CURRENT LIABILITIES 995,587 901,082
NET ASSETS 995,587 901,082
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 995,585 901,080
SHAREHOLDERS' FUNDS 995,587 901,082
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 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 D McKeever
Director
15th April 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
Orchard Produce Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03097794 . The registered office is Vinehall Farm, Robertsbridge, East Sussex, TN32 5JW.
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. 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 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying value amount and are recognised in the Income Statement.
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% reducing balance
2.5. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
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 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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Page 3
2.7. Debtors
 Short term debtors are measured at transaction price, less any impairment.
2.8. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial instruments.
2.9. Creditors
Short term creditors are measured at the transaction price.
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 September 2023 84,000
As at 31 August 2024 84,000
Amortisation
As at 1 September 2023 84,000
As at 31 August 2024 84,000
Net Book Value
As at 31 August 2024 -
As at 1 September 2023 -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 31 1,588 1,619
As at 31 August 2024 31 1,588 1,619
Depreciation
As at 1 September 2023 30 1,342 1,372
Provided during the period - 81 81
As at 31 August 2024 30 1,423 1,453
Net Book Value
As at 31 August 2024 1 165 166
As at 1 September 2023 1 246 247
Page 3
Page 4
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 50,413 176,385
Other debtors 464,931 654
515,344 177,039
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 86,554
Other creditors 4,622 128,395
Taxation and social security 52,796 51,660
57,418 266,609
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Desmond McKeever - 464,797 - - 464,797
The above loan is unsecured, interest free and repayable on demand.
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