Acorah Software Products - Accounts Production 16.3.350 false true false 1 November 2023 31 October 2024 31 October 2024 02758129 Ms Jennifer Bailey Ms Helen Ainley Ms Patricia Freeman Ms Beryl Northcote Ms Suzanne Plamping Ms Wendy Richardson Dr Helen Rose Ms Beverley Stuart Ms Susan Sanderson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02758129 2023-10-31 02758129 2024-10-31 02758129 2023-11-01 2024-10-31 02758129 frs-core:CurrentFinancialInstruments 2024-10-31 02758129 frs-core:ComputerEquipment 2024-10-31 02758129 frs-core:ComputerEquipment 2023-11-01 2024-10-31 02758129 frs-core:ComputerEquipment 2023-10-31 02758129 frs-core:FurnitureFittings 2024-10-31 02758129 frs-core:FurnitureFittings 2023-11-01 2024-10-31 02758129 frs-core:FurnitureFittings 2023-10-31 02758129 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 02758129 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 02758129 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 02758129 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 02758129 frs-core:MotorVehicles 2023-11-01 2024-10-31 02758129 frs-core:PlantMachinery 2024-10-31 02758129 frs-core:PlantMachinery 2023-11-01 2024-10-31 02758129 frs-core:PlantMachinery 2023-10-31 02758129 frs-core:OtherReservesSubtotal 2024-10-31 02758129 frs-core:RevaluationReserve 2023-11-01 2024-10-31 02758129 frs-core:RevaluationReserve 2023-10-31 02758129 frs-core:RevaluationReserve 2024-10-31 02758129 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 02758129 frs-bus:CompanyLimitedByGuarantee 2023-11-01 2024-10-31 02758129 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 02758129 frs-bus:SmallEntities 2023-11-01 2024-10-31 02758129 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 02758129 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 02758129 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 02758129 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-10-31 02758129 frs-bus:Director1 2023-11-01 2024-10-31 02758129 frs-bus:Director2 2023-11-01 2024-10-31 02758129 frs-bus:Director3 2023-11-01 2024-10-31 02758129 frs-bus:Director4 2023-11-01 2024-10-31 02758129 frs-bus:Director5 2023-11-01 2024-10-31 02758129 frs-bus:Director6 2023-11-01 2024-10-31 02758129 frs-bus:Director7 2023-11-01 2024-10-31 02758129 frs-bus:Director8 2023-11-01 2024-10-31 02758129 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 02758129 frs-countries:EnglandWales 2023-11-01 2024-10-31
Registered number: 02758129
The Nottinghamshire Federation of Women's Institutes
Unaudited Financial Statements
For The Year Ended 31 October 2024
Tom Geraghty & Associates
Chartered Accountants and Business Advisors
38 North Gate
Newark
NG24 1EZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02758129
2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 368,490
368,490
CURRENT ASSETS
Stocks 5 539
Debtors 6 221
Cash at bank and in hand 132,706
133,466
Creditors: Amounts Falling Due Within One Year 7 (19,822 )
NET CURRENT ASSETS (LIABILITIES) 113,644
TOTAL ASSETS LESS CURRENT LIABILITIES 482,134
NET ASSETS 482,134
RESERVES
Revaluation reserve 8 123,822
Restricted Funds 720
Fair value reserve 8 384,077
Income and Expenditure Account (26,485 )
MEMBERS' FUNDS 482,134
Page 1
Page 2
For the year ending 31 October 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 Income and Expenditure Account.
On behalf of the board
Ms Jennifer Bailey
Director
28/02/2025
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
The Nottinghamshire Federation of Women's Institutes is a private company, limited by guarantee, incorporated in England & Wales, registered number 02758129 . The registered office is Trent Bridge House, Beastmarket Hill, Newark, Nottinghamshire, NG24 1BN.
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 No depreciation charged
Leasehold No depreciation charged
Chain of Office 20% Reducing balance
Motor Vehicles 20% Reducing balance
Fixtures & Fittings 15% Reducing balance
Computer Equipment 20% 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12
12
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Chain of Office Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2023 370,000 2,622 14,799 2,488 389,909
Disposals - - (8,712 ) (2,488 ) (11,200 )
As at 31 October 2024 370,000 2,622 6,087 - 378,709
Depreciation
As at 1 November 2023 4,933 1,311 12,314 2,488 21,046
Provided during the period - - 373 - 373
Disposals - - (8,712 ) (2,488 ) (11,200 )
As at 31 October 2024 4,933 1,311 3,975 - 10,219
Net Book Value
As at 31 October 2024 365,067 1,311 2,112 - 368,490
As at 1 November 2023 365,067 1,311 2,485 - 368,863
5. Stocks
2024
£
Stock 539
6. Debtors
2024
£
Due within one year
Other debtors 221
7. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors (1 )
Suspension Funds 8,950
Other creditors 10,873
19,822
8. Reserves
Revaluation Reserve Fair Value Reserve
£ £
As at 1 November 2023 - 384,077
Surplus on revaluation 123,822 -
As at 31 October 2024 123,822 384,077
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Page 5
9. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 5