Acorah Software Products - Accounts Production 16.3.350 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 07142252 Mr Roy Taylor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07142252 2024-02-29 07142252 2025-02-28 07142252 2024-03-01 2025-02-28 07142252 frs-core:CurrentFinancialInstruments 2025-02-28 07142252 frs-core:ComputerEquipment 2025-02-28 07142252 frs-core:ComputerEquipment 2024-03-01 2025-02-28 07142252 frs-core:ComputerEquipment 2024-02-29 07142252 frs-core:MotorVehicles 2025-02-28 07142252 frs-core:MotorVehicles 2024-03-01 2025-02-28 07142252 frs-core:MotorVehicles 2024-02-29 07142252 frs-core:PlantMachinery 2025-02-28 07142252 frs-core:PlantMachinery 2024-03-01 2025-02-28 07142252 frs-core:PlantMachinery 2024-02-29 07142252 frs-core:ShareCapital 2025-02-28 07142252 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 07142252 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 07142252 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 07142252 frs-bus:SmallEntities 2024-03-01 2025-02-28 07142252 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 07142252 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 07142252 frs-bus:Director1 2024-03-01 2025-02-28 07142252 frs-countries:EnglandWales 2024-03-01 2025-02-28 07142252 2023-02-28 07142252 2024-02-29 07142252 2023-03-01 2024-02-29 07142252 frs-core:CurrentFinancialInstruments 2024-02-29 07142252 frs-core:ShareCapital 2024-02-29 07142252 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 07142252
Roy C Taylor & Associates Building Contractors Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07142252
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 30,086 35,397
30,086 35,397
CURRENT ASSETS
Stocks 5 2,000 2,400
Debtors 6 18,749 13,477
Cash at bank and in hand 64,254 23,603
85,003 39,480
Creditors: Amounts Falling Due Within One Year 7 (20,172 ) (13,566 )
NET CURRENT ASSETS (LIABILITIES) 64,831 25,914
TOTAL ASSETS LESS CURRENT LIABILITIES 94,917 61,311
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,983 ) (5,983 )
NET ASSETS 88,934 55,328
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 88,933 55,327
SHAREHOLDERS' FUNDS 88,934 55,328
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For the year ending 28 February 2025 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 Roy Taylor
Director
05/05/2025
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
Roy C Taylor & Associates Building Contractors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07142252 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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.
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 15% WDV
Motor Vehicles 15% WDV
Computer Equipment 15% WDV
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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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 (2024: 2)
1 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2024 86,950 7,601 3,162 97,713
As at 28 February 2025 86,950 7,601 3,162 97,713
Depreciation
As at 1 March 2024 56,658 2,933 2,725 62,316
Provided during the period 4,545 700 66 5,311
As at 28 February 2025 61,203 3,633 2,791 67,627
Net Book Value
As at 28 February 2025 25,747 3,968 371 30,086
As at 1 March 2024 30,292 4,668 437 35,397
5. Stocks
2025 2024
£ £
Stock 2,000 2,400
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 11,420 9,523
Prepayments and accrued income 2,985 2,757
VAT 1,892 1,197
Director's loan account 2,452 -
18,749 13,477
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 19,813 12,261
Other creditors 359 361
Director's loan account - 944
20,172 13,566
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
9. Related Party Transactions
Included in Other Debtors is an amount of £2,452 (2024 - £944 creditor) owed from the director; Mr R Taylor. This loan is interest free and no repayment terms have been agreed. 
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