Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 11608186 Mr Ozer Kangal iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11608186 2023-07-31 11608186 2024-07-31 11608186 2023-08-01 2024-07-31 11608186 frs-core:CurrentFinancialInstruments 2024-07-31 11608186 frs-core:Non-currentFinancialInstruments 2024-07-31 11608186 frs-core:FurnitureFittings 2024-07-31 11608186 frs-core:FurnitureFittings 2023-08-01 2024-07-31 11608186 frs-core:FurnitureFittings 2023-07-31 11608186 frs-core:MotorVehicles 2024-07-31 11608186 frs-core:MotorVehicles 2023-08-01 2024-07-31 11608186 frs-core:MotorVehicles 2023-07-31 11608186 frs-core:PlantMachinery 2024-07-31 11608186 frs-core:PlantMachinery 2023-08-01 2024-07-31 11608186 frs-core:PlantMachinery 2023-07-31 11608186 frs-core:ShareCapital 2024-07-31 11608186 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 11608186 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 11608186 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 11608186 frs-bus:SmallEntities 2023-08-01 2024-07-31 11608186 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 11608186 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 11608186 frs-bus:Director1 2023-08-01 2024-07-31 11608186 frs-countries:EnglandWales 2023-08-01 2024-07-31 11608186 2022-07-31 11608186 2023-07-31 11608186 2022-08-01 2023-07-31 11608186 frs-core:CurrentFinancialInstruments 2023-07-31 11608186 frs-core:Non-currentFinancialInstruments 2023-07-31 11608186 frs-core:ShareCapital 2023-07-31 11608186 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 11608186
Northcon Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11608186
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,314 16,641
13,314 16,641
CURRENT ASSETS
Stocks 5 70,000 205,000
Debtors 6 89,134 13,626
Cash at bank and in hand 19,794 12,464
178,928 231,090
Creditors: Amounts Falling Due Within One Year 7 (130,993 ) (202,835 )
NET CURRENT ASSETS (LIABILITIES) 47,935 28,255
TOTAL ASSETS LESS CURRENT LIABILITIES 61,249 44,896
Creditors: Amounts Falling Due After More Than One Year 8 (27,962 ) (38,883 )
NET ASSETS 33,287 6,013
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 33,187 5,913
SHAREHOLDERS' FUNDS 33,287 6,013
Page 1
Page 2
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 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 Ozer Kangal
Director
21/11/2024
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
Northcon Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11608186 . The registered office is Unit 4 Binder Industrial Estate Eland Road, Denaby Main, Doncaster, DN12 4HA.
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:
Plant & Machinery 20
Motor Vehicles 20
Fixtures & Fittings 20
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 4)
7 4
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 August 2023 1,485 22,737 5,000 29,222
As at 31 July 2024 1,485 22,737 5,000 29,222
Depreciation
As at 1 August 2023 883 11,282 416 12,581
Provided during the period 120 2,291 916 3,327
As at 31 July 2024 1,003 13,573 1,332 15,908
Net Book Value
As at 31 July 2024 482 9,164 3,668 13,314
As at 1 August 2023 602 11,455 4,584 16,641
5. Stocks
2024 2023
£ £
Stock 70,000 205,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 89,134 1,577
Other debtors - 12,049
89,134 13,626
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 85,238 123,003
Bank loans and overdrafts 2,540 2,540
Other creditors 3,418 5,321
Taxation and social security 39,797 71,971
130,993 202,835
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,462 13,383
Other creditors 19,500 25,500
27,962 38,883
Page 4
Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5