Acorah Software Products - Accounts Production 16.3.350 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 06726225 Mr Harshad Patel Mr Mitul Patel Mr Anthony Prendergast true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06726225 2023-11-30 06726225 2024-11-30 06726225 2023-12-01 2024-11-30 06726225 frs-core:CurrentFinancialInstruments 2024-11-30 06726225 frs-core:FurnitureFittings 2024-11-30 06726225 frs-core:FurnitureFittings 2023-12-01 2024-11-30 06726225 frs-core:FurnitureFittings 2023-11-30 06726225 frs-core:NetGoodwill 2024-11-30 06726225 frs-core:NetGoodwill 2023-12-01 2024-11-30 06726225 frs-core:NetGoodwill 2023-11-30 06726225 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-11-30 06726225 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 06726225 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-30 06726225 frs-core:MotorVehicles 2024-11-30 06726225 frs-core:MotorVehicles 2023-12-01 2024-11-30 06726225 frs-core:MotorVehicles 2023-11-30 06726225 frs-core:ShareCapital 2024-11-30 06726225 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 06726225 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 06726225 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 06726225 frs-bus:SmallEntities 2023-12-01 2024-11-30 06726225 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 06726225 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 06726225 1 2023-12-01 2024-11-30 06726225 frs-bus:Director1 2023-12-01 2024-11-30 06726225 frs-bus:Director2 2023-12-01 2024-11-30 06726225 frs-bus:Director3 2023-12-01 2024-11-30 06726225 frs-countries:EnglandWales 2023-12-01 2024-11-30 06726225 2022-11-30 06726225 2023-11-30 06726225 2022-12-01 2023-11-30 06726225 frs-core:CurrentFinancialInstruments 2023-11-30 06726225 frs-core:ShareCapital 2023-11-30 06726225 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 06726225
Fmp Norfolk Limited
Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 06726225
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 65,403 62,489
65,403 62,489
CURRENT ASSETS
Stocks 94,974 113,540
Debtors 6 624,635 264,110
Cash at bank and in hand 132,244 387,755
851,853 765,405
Creditors: Amounts Falling Due Within One Year 7 (348,256 ) (339,079 )
NET CURRENT ASSETS (LIABILITIES) 503,597 426,326
TOTAL ASSETS LESS CURRENT LIABILITIES 569,000 488,815
NET ASSETS 569,000 488,815
CAPITAL AND RESERVES
Called up share capital 800 800
Profit and Loss Account 568,200 488,015
SHAREHOLDERS' FUNDS 569,000 488,815
For the year ending 30 November 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.
The financial statements were approved by the board of directors on 13 February 2025 and were signed on its behalf by: 
Mr Harshad Patel
Director
13 February 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Fmp Norfolk Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06726225 . The registered office is C/O Hunts Pharmacy, 205 Plumstead Road, Norwich, NR1 4AB.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20  years.
2.4. 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:
Leasehold 5% on cost
Motor Vehicles 20% on cost
Fixtures & Fittings 20% reducing balance
2.5. 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.
2.6. 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.
...CONTINUED
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2.6. Taxation - continued
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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 10)
9 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2023 49,669
As at 30 November 2024 49,669
Amortisation
As at 1 December 2023 49,669
As at 30 November 2024 49,669
Net Book Value
As at 30 November 2024 -
As at 1 December 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years. 
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 December 2023 137,155 10,710 33,091 180,956
Additions - 12,800 376 13,176
As at 30 November 2024 137,155 23,510 33,467 194,132
Depreciation
As at 1 December 2023 82,871 10,709 24,887 118,467
Provided during the period 6,858 1,707 1,697 10,262
As at 30 November 2024 89,729 12,416 26,584 128,729
Net Book Value
As at 30 November 2024 47,426 11,094 6,883 65,403
As at 1 December 2023 54,284 1 8,204 62,489
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Page 4
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 129,362 190,498
Other debtors 495,273 73,612
624,635 264,110
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 259,959 265,810
Corporation tax 29,320 69,070
Other taxes and social security 5,454 2,595
Other creditors 53,523 1,604
348,256 339,079
8. Related Party Transactions
Mr H H Patel, Mr M H Patel, Mr A A Prendergast, Mr P Newton are Directors of FMP Norfolk Limited.
At the balance sheet date, the total amount owed by the company to the directors £0.00.
During the year the company has declared dividend of £0.00 (2023: £0.00).
9. Ultimate Controlling Party
Summary of transactions with parent company
FMP Partnership Ltd
(Parent undertaking of FMP Norfolk Limited)
At the balance sheet date, the amount due from FMP Partnership Limited was £0.00 (2023: £0.00). The loan is interest-free and repayable on demand.
10. Summary of transactions with other related parties
Sima Consultancy Limited
(Company associated with the directors)
Mr Mitul Harshad Patel is also the director of Sima Consultancy Limited.
During the year, the company paid the management fees to Sima Consultancy Limited amounting to £36,000.00
At the balance sheet date, the amount due to Sima Consultancy Limited was £3,600.00
Birchwood EA Limited
(Company associated with the directors)
Mr H H Patel, Mr M H Patel, Mr A A Prendergast, Mr P Newton are also directors of Birchwood EA Limited.
During the year the company purchased goods from Birchwood EA Limited by £78,176.00
At the balance sheet date, the amount due to Birchwood EA Limited was £0.00
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