Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 01109841 N S Locke-Hart iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01109841 2023-08-31 01109841 2024-08-31 01109841 2023-09-01 2024-08-31 01109841 frs-core:CurrentFinancialInstruments 2024-08-31 01109841 frs-core:Non-currentFinancialInstruments 2024-08-31 01109841 frs-core:ComputerEquipment 2024-08-31 01109841 frs-core:ComputerEquipment 2023-09-01 2024-08-31 01109841 frs-core:ComputerEquipment 2023-08-31 01109841 frs-core:FurnitureFittings 2024-08-31 01109841 frs-core:FurnitureFittings 2023-09-01 2024-08-31 01109841 frs-core:FurnitureFittings 2023-08-31 01109841 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-31 01109841 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 01109841 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-31 01109841 frs-core:SharePremium 2024-08-31 01109841 frs-core:ShareCapital 2024-08-31 01109841 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 01109841 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 01109841 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 01109841 frs-bus:SmallEntities 2023-09-01 2024-08-31 01109841 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 01109841 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 01109841 frs-bus:OrdinaryShareClass2 2023-09-01 2024-08-31 01109841 frs-bus:OrdinaryShareClass2 2024-08-31 01109841 frs-bus:OrdinaryShareClass3 2023-09-01 2024-08-31 01109841 frs-bus:OrdinaryShareClass3 2024-08-31 01109841 frs-bus:OrdinaryShareClass4 2023-09-01 2024-08-31 01109841 frs-bus:OrdinaryShareClass4 2024-08-31 01109841 frs-bus:Director1 2023-09-01 2024-08-31 01109841 frs-bus:Director1 2023-08-31 01109841 frs-bus:Director1 2024-08-31 01109841 frs-countries:EnglandWales 2023-09-01 2024-08-31 01109841 2022-08-31 01109841 2023-08-31 01109841 2022-09-01 2023-08-31 01109841 frs-core:CurrentFinancialInstruments 2023-08-31 01109841 frs-core:Non-currentFinancialInstruments 2023-08-31 01109841 frs-core:SharePremium 2023-08-31 01109841 frs-core:ShareCapital 2023-08-31 01109841 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 01109841 frs-bus:OrdinaryShareClass2 2022-09-01 2023-08-31 01109841 frs-bus:OrdinaryShareClass3 2022-09-01 2023-08-31 01109841 frs-bus:OrdinaryShareClass4 2022-09-01 2023-08-31
Registered number: 01109841
Country House (Menswear) Limited
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 01109841
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,731 6,930
8,731 6,930
CURRENT ASSETS
Stocks 5 241,936 244,258
Debtors 6 119,146 213,833
Cash at bank and in hand 25 25
361,107 458,116
Creditors: Amounts Falling Due Within One Year 7 (284,445 ) (393,834 )
NET CURRENT ASSETS (LIABILITIES) 76,662 64,282
TOTAL ASSETS LESS CURRENT LIABILITIES 85,393 71,212
Creditors: Amounts Falling Due After More Than One Year 8 (74,937 ) (63,127 )
NET ASSETS 10,456 8,085
CAPITAL AND RESERVES
Called up share capital 9 150 150
Share premium account 9,350 9,350
Income Statement 956 (1,415 )
SHAREHOLDERS' FUNDS 10,456 8,085
Page 1
Page 2
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 Income Statement.
On behalf of the board
N S Locke-Hart
Director
18th March 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
Country House (Menswear) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01109841 . The registered office is The Dairy, Manor Courtyard, Aston Sandford, Buckinghamshire, HP17 8JB.
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:
Leasehold 15% reducing balance
Fixtures & Fittings 15% reducing balance & 10% straight line
Computer Equipment 33.33% reducing balance
2.4. 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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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
Page 3
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 27,096 257,921 4,973 289,990
Additions - 3,053 - 3,053
As at 31 August 2024 27,096 260,974 4,973 293,043
Depreciation
As at 1 September 2023 27,096 251,122 4,842 283,060
Provided during the period - 1,208 44 1,252
As at 31 August 2024 27,096 252,330 4,886 284,312
Net Book Value
As at 31 August 2024 - 8,644 87 8,731
As at 1 September 2023 - 6,799 131 6,930
5. Stocks
2024 2023
£ £
Stock of goods 241,936 244,258
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,196 8,610
Other debtors 113,950 205,223
119,146 213,833
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 83,676 98,038
Bank loans and overdrafts 131,653 208,791
Other creditors 18,590 10,438
Taxation and social security 50,526 76,567
284,445 393,834
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 74,937 63,127
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
76 Ordinary A shares of £ 1.00 each 76 76
44 Ordinary B shares of £ 1.00 each 44 44
30 Ordinary C shares of £ 1.00 each 30 30
150 150
10. 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 Nicholas Locke-Hart 166,412 - 112,546 - 53,866
The above loan is unsecured, interest free and repayable on demand.
Page 5