Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 01202843 J E Prutton C M Prutton H L Prutton C M Prutton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01202843 2023-09-30 01202843 2024-09-30 01202843 2023-10-01 2024-09-30 01202843 frs-core:CurrentFinancialInstruments 2024-09-30 01202843 frs-core:Non-currentFinancialInstruments 2024-09-30 01202843 frs-core:ComputerEquipment 2024-09-30 01202843 frs-core:ComputerEquipment 2023-10-01 2024-09-30 01202843 frs-core:ComputerEquipment 2023-09-30 01202843 frs-core:FurnitureFittings 2024-09-30 01202843 frs-core:FurnitureFittings 2023-10-01 2024-09-30 01202843 frs-core:FurnitureFittings 2023-09-30 01202843 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 01202843 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 01202843 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 01202843 frs-core:RevaluationReserve 2023-09-30 01202843 frs-core:RevaluationReserve 2024-09-30 01202843 frs-core:ShareCapital 2024-09-30 01202843 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 01202843 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01202843 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 01202843 frs-bus:SmallEntities 2023-10-01 2024-09-30 01202843 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 01202843 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 01202843 frs-bus:Director1 2023-10-01 2024-09-30 01202843 frs-bus:Director2 2023-10-01 2024-09-30 01202843 frs-bus:Director3 2023-10-01 2024-09-30 01202843 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 01202843 frs-countries:EnglandWales 2023-10-01 2024-09-30 01202843 2022-09-30 01202843 2023-09-30 01202843 2022-10-01 2023-09-30 01202843 frs-core:CurrentFinancialInstruments 2023-09-30 01202843 frs-core:Non-currentFinancialInstruments 2023-09-30 01202843 frs-core:RevaluationReserve 2023-09-30 01202843 frs-core:ShareCapital 2023-09-30 01202843 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 01202843
Fieldvale Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Base52 Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01202843
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 728,085 733,511
728,085 733,511
CURRENT ASSETS
Stocks 5 7,506 8,124
Debtors 6 310,303 317,129
Cash at bank and in hand 27,085 21,488
344,894 346,741
Creditors: Amounts Falling Due Within One Year 7 (88,174 ) (79,449 )
NET CURRENT ASSETS (LIABILITIES) 256,720 267,292
TOTAL ASSETS LESS CURRENT LIABILITIES 984,805 1,000,803
Creditors: Amounts Falling Due After More Than One Year 8 (141,182 ) (165,054 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (64,692 ) (65,682 )
NET ASSETS 778,931 770,067
CAPITAL AND RESERVES
Called up share capital 9 660 660
Revaluation reserve 10 593,955 593,955
Profit and Loss Account 184,316 175,452
SHAREHOLDERS' FUNDS 778,931 770,067
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For the year ending 30 September 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
C M Prutton
Director
22/04/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Fieldvale Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01202843 . The registered office is 45 Upper Tilehouse Street, Hitchin, Hertfordshire, SG5 2EF.
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 Nil
Fixtures & Fittings 10% reducting balance, 20% and 25% straight line
Computer Equipment 10% 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. 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 year 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 asset reflects 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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3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: 14)
14 14
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 700,000 82,038 6,753 788,791
Additions - 749 - 749
As at 30 September 2024 700,000 82,787 6,753 789,540
Depreciation
As at 1 October 2023 - 52,274 3,006 55,280
Provided during the period - 5,800 375 6,175
As at 30 September 2024 - 58,074 3,381 61,455
Net Book Value
As at 30 September 2024 700,000 24,713 3,372 728,085
As at 1 October 2023 700,000 29,764 3,747 733,511
5. Stocks
2024 2023
£ £
Materials 7,506 8,124
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 5,231
Prepayments and accrued income 5,552 5,561
Other debtors - 2,856
Other taxes and social security 1,270 -
Amounts owed by group undertakings 303,481 303,481
310,303 317,129
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,897 13,196
Bank loans and overdrafts 35,775 35,532
Corporation tax 5,934 318
Other taxes and social security - 695
VAT 14,498 13,256
Other creditors 3,767 3,900
Accruals and deferred income 3,770 4,653
Directors' loan accounts 13,533 7,899
88,174 79,449
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 141,182 165,054
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 660 660
10. Reserves
Revaluation Reserve
£
As at 1 October 2023 593,955
As at 30 September 2024 593,955
11. Related Party Transactions
During the year,total dividends of £12,000 were paid to the parent company CP Investments (Hitchin) Ltd.
At the balance sheet date the company owed £13,533 (2023 - £7,899) to C Prutton, a director. This is an interest free loan with no terms for repayment. 
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