Acorah Software Products - Accounts Production 16.3.350 false true false 4 December 2023 31 December 2024 31 December 2024 15327178 Mr D S Lovatt Mr T L Suban Mr B Maguire iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15327178 2023-12-03 15327178 2024-12-31 15327178 2023-12-04 2024-12-31 15327178 frs-core:CurrentFinancialInstruments 2024-12-31 15327178 frs-core:Non-currentFinancialInstruments 2024-12-31 15327178 frs-core:BetweenOneFiveYears 2024-12-31 15327178 frs-core:ComputerEquipment 2024-12-31 15327178 frs-core:ComputerEquipment 2023-12-04 2024-12-31 15327178 frs-core:ComputerEquipment 2023-12-03 15327178 frs-core:FurnitureFittings 2024-12-31 15327178 frs-core:FurnitureFittings 2023-12-04 2024-12-31 15327178 frs-core:FurnitureFittings 2023-12-03 15327178 frs-core:MotorVehicles 2024-12-31 15327178 frs-core:MotorVehicles 2023-12-04 2024-12-31 15327178 frs-core:MotorVehicles 2023-12-03 15327178 frs-core:WithinOneYear 2024-12-31 15327178 frs-core:ShareCapital 2024-12-31 15327178 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 15327178 frs-bus:PrivateLimitedCompanyLtd 2023-12-04 2024-12-31 15327178 frs-bus:FilletedAccounts 2023-12-04 2024-12-31 15327178 frs-bus:SmallEntities 2023-12-04 2024-12-31 15327178 frs-bus:AuditExempt-NoAccountantsReport 2023-12-04 2024-12-31 15327178 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-04 2024-12-31 15327178 frs-bus:Director1 2023-12-04 2024-12-31 15327178 frs-bus:Director2 2023-12-04 2024-12-31 15327178 frs-bus:Director3 2023-12-04 2024-12-31 15327178 frs-countries:EnglandWales 2023-12-04 2024-12-31
Registered number: 15327178
Novus Contract Flooring Ltd
Financial Statements
For the Period 4 December 2023 to 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 15327178
31 December 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 31,724
31,724
CURRENT ASSETS
Debtors 5 59,439
Cash at bank and in hand 122,572
182,011
Creditors: Amounts Falling Due Within One Year 6 (34,693 )
NET CURRENT ASSETS (LIABILITIES) 147,318
TOTAL ASSETS LESS CURRENT LIABILITIES 179,042
Creditors: Amounts Falling Due After More Than One Year 7 (135,617 )
NET ASSETS 43,425
CAPITAL AND RESERVES
Called up share capital 9 100
Profit and Loss Account 43,325
SHAREHOLDERS' FUNDS 43,425
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For the period ending 31 December 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 B Maguire
Director
15 May 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
Novus Contract Flooring Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15327178 . The registered office is 550 Valley Road, Nottingham, NG5 1JJ.
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:
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 4 December 2023 - - - -
Additions 27,698 8,870 3,295 39,863
As at 31 December 2024 27,698 8,870 3,295 39,863
Depreciation
As at 4 December 2023 - - - -
Provided during the period 5,540 1,774 825 8,139
As at 31 December 2024 5,540 1,774 825 8,139
Net Book Value
As at 31 December 2024 22,158 7,096 2,470 31,724
As at 4 December 2023 - - - -
5. Debtors
31 December 2024
£
Due within one year
Trade debtors 2,416
Other debtors 57,023
59,439
6. Creditors: Amounts Falling Due Within One Year
31 December 2024
£
Net obligations under finance lease and hire purchase contracts 5,498
Trade creditors 13,963
Other creditors 7,045
Taxation and social security 8,187
34,693
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2024
£
Net obligations under finance lease and hire purchase contracts 20,617
Other loans 115,000
135,617
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8. Obligations Under Finance Leases and Hire Purchase
31 December 2024
£
The future minimum finance lease payments are as follows:
Not later than one year 5,498
Later than one year and not later than five years 20,617
26,115
26,115
9. Share Capital
31 December 2024
£
Allotted, Called up and fully paid 100
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