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 04966377 Mr A Taylor Mr R P Kesari iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04966377 2023-07-31 04966377 2024-07-31 04966377 2023-08-01 2024-07-31 04966377 frs-core:CurrentFinancialInstruments 2024-07-31 04966377 frs-core:Non-currentFinancialInstruments 2024-07-31 04966377 frs-core:ShareCapital 2024-07-31 04966377 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 04966377 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04966377 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 04966377 frs-bus:SmallEntities 2023-08-01 2024-07-31 04966377 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04966377 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 04966377 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-07-31 04966377 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-07-31 04966377 frs-bus:Director1 2023-08-01 2024-07-31 04966377 frs-bus:Director1 2023-07-31 04966377 frs-bus:Director1 2024-07-31 04966377 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 04966377 frs-countries:EnglandWales 2023-08-01 2024-07-31 04966377 2022-07-31 04966377 2023-07-31 04966377 2022-08-01 2023-07-31 04966377 frs-core:CurrentFinancialInstruments 2023-07-31 04966377 frs-core:Non-currentFinancialInstruments 2023-07-31 04966377 frs-core:ShareCapital 2023-07-31 04966377 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 04966377 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-07-31
Registered number: 04966377
Andy Taylor Properties 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: 04966377
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 880,000 880,000
880,000 880,000
CURRENT ASSETS
Stocks 5 2,100 2,100
Debtors 6 164,753 164,213
Cash at bank and in hand 1 2,115
166,854 168,428
Creditors: Amounts Falling Due Within One Year 7 (14,389 ) (13,501 )
NET CURRENT ASSETS (LIABILITIES) 152,465 154,927
TOTAL ASSETS LESS CURRENT LIABILITIES 1,032,465 1,034,927
Creditors: Amounts Falling Due After More Than One Year 8 (503,300 ) (506,887 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (56,823 ) (56,823 )
NET ASSETS 472,342 471,217
CAPITAL AND RESERVES
Called up share capital 9 1 1
Fair value reserve 11 242,248 242,248
Profit and Loss Account 230,093 228,968
SHAREHOLDERS' FUNDS 472,342 471,217
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 A Taylor
Director
30th April 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
Andy Taylor Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04966377 . The registered office is 4 Cross Street, Beeston, Nottingham, NG9 2NX.
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. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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: 1 (2023: 1)
1 1
4. Investment Property
2024
£
Fair Value
As at 1 August 2023 and 31 July 2024 880,000
5. Stocks
2024 2023
£ £
Finished goods 2,100 2,100
6. Debtors
2024 2023
£ £
Due within one year
Director's loan account 625 625
Amounts owed by group undertakings 164,128 163,588
164,753 164,213
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,988 1,434
Bank loans and overdrafts 3,360 3,360
Corporation tax 1,900 5,296
VAT 5,241 2,511
Accruals and deferred income 900 900
14,389 13,501
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 503,300 506,887
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Andrew Taylor 625 - - - 625
The above loan is unsecured, interest free and repayable on demand.
11. Reserves
Fair Value Reserve
£
As at 1 August 2023 242,248
As at 31 July 2024 242,248
12. Related Party Transactions
During the year, the company provided loans to the following companies under common control through a shared director. The loans are unsecured, interest-free, and repayable on demand. No provision for doubtful debts has been made, as the director considers the amounts to be fully recoverable. The balance outstanding at the year end was:
Andy Taylor Limited - £17,568 (2023: £nil)
Amberley Nottingham Properties Limited  - £67,456 (2023: £nil)
During the year, the company received loans to the following companies under common control through a shared director. The loans are unsecured, interest-free, and repayable on demand. The balance outstanding at the year end was:
Body Wizard Limited - £1,917 (2023: £nil)
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