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 05215426 Mr M E Pryke Mrs J L Pryke Mrs J L Pryke Mr & Mrs Pryke true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05215426 2023-08-31 05215426 2024-08-31 05215426 2023-09-01 2024-08-31 05215426 frs-core:CurrentFinancialInstruments 2024-08-31 05215426 frs-core:Non-currentFinancialInstruments 2024-08-31 05215426 frs-core:ComputerEquipment 2024-08-31 05215426 frs-core:ComputerEquipment 2023-09-01 2024-08-31 05215426 frs-core:ComputerEquipment 2023-08-31 05215426 frs-core:FurnitureFittings 2024-08-31 05215426 frs-core:FurnitureFittings 2023-09-01 2024-08-31 05215426 frs-core:FurnitureFittings 2023-08-31 05215426 frs-core:ShareCapital 2024-08-31 05215426 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 05215426 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05215426 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 05215426 frs-bus:SmallEntities 2023-09-01 2024-08-31 05215426 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 05215426 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 05215426 1 2023-09-01 2024-08-31 05215426 frs-bus:Director1 2023-09-01 2024-08-31 05215426 frs-bus:Director2 2023-09-01 2024-08-31 05215426 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 05215426 frs-countries:EnglandWales 2023-09-01 2024-08-31 05215426 2022-08-31 05215426 2023-08-31 05215426 2022-09-01 2023-08-31 05215426 frs-core:CurrentFinancialInstruments 2023-08-31 05215426 frs-core:Non-currentFinancialInstruments 2023-08-31 05215426 frs-core:ShareCapital 2023-08-31 05215426 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 05215426
Martin Pryke Tailoring Limited
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05215426
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16 22
16 22
CURRENT ASSETS
Stocks 5 13,300 13,550
Debtors 6 35,972 44,017
Cash at bank and in hand 7,049 15,093
56,321 72,660
Creditors: Amounts Falling Due Within One Year 7 (49,431 ) (58,747 )
NET CURRENT ASSETS (LIABILITIES) 6,890 13,913
TOTAL ASSETS LESS CURRENT LIABILITIES 6,906 13,935
Creditors: Amounts Falling Due After More Than One Year 8 (6,600 ) (13,741 )
NET ASSETS 306 194
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 304 192
SHAREHOLDERS' FUNDS 306 194
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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 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
Mr M E Pryke
Director
30 April 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
Martin Pryke Tailoring Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05215426 . The registered office is Yew Tree House, Lewes Road, Forest Row, East Sussex, RH18 5AA.
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:
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 33% Straight Line
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.
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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.
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: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 3,166 5,107 8,273
As at 31 August 2024 3,166 5,107 8,273
Depreciation
As at 1 September 2023 3,144 5,107 8,251
Provided during the period 6 - 6
As at 31 August 2024 3,150 5,107 8,257
Net Book Value
As at 31 August 2024 16 - 16
As at 1 September 2023 22 - 22
5. Stocks
2024 2023
£ £
Stock 13,300 13,550
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 35,972 44,017
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,857 3,237
Bank loans and overdrafts 8,800 9,776
Other creditors 17,134 20,336
Taxation and social security 19,640 25,398
49,431 58,747
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,600 13,741
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Directors Advances, Credits and Guarantees
Included in other creditors due within one year are loans from the directors, Mr & Mrs Pryke amounting to £14,460 (2023 - £17,501).
11. Ultimate Controlling Party
The company was controlled throughout the current and previous period by its directors, Mr & Mrs Pryke by virtue of the fact that they own all of the company's ordinary issued share capital.
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