Acorah Software Products - Accounts Production 16.2.850 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 07725114 Mr John Forrester Mr Stuart Forrester iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07725114 2023-09-30 07725114 2024-09-30 07725114 2023-10-01 2024-09-30 07725114 frs-core:CurrentFinancialInstruments 2024-09-30 07725114 frs-core:Non-currentFinancialInstruments 2024-09-30 07725114 frs-core:ComputerEquipment 2024-09-30 07725114 frs-core:ComputerEquipment 2023-10-01 2024-09-30 07725114 frs-core:ComputerEquipment 2023-09-30 07725114 frs-core:FurnitureFittings 2023-10-01 2024-09-30 07725114 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-30 07725114 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 07725114 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 07725114 frs-core:PlantMachinery 2024-09-30 07725114 frs-core:PlantMachinery 2023-10-01 2024-09-30 07725114 frs-core:PlantMachinery 2023-09-30 07725114 frs-core:ShareCapital 2024-09-30 07725114 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 07725114 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07725114 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 07725114 frs-bus:SmallEntities 2023-10-01 2024-09-30 07725114 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 07725114 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07725114 frs-bus:Director1 2023-10-01 2024-09-30 07725114 frs-bus:Director2 2023-10-01 2024-09-30 07725114 frs-countries:EnglandWales 2023-10-01 2024-09-30 07725114 2022-09-30 07725114 2023-09-30 07725114 2022-10-01 2023-09-30 07725114 frs-core:CurrentFinancialInstruments 2023-09-30 07725114 frs-core:Non-currentFinancialInstruments 2023-09-30 07725114 frs-core:ShareCapital 2023-09-30 07725114 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 07725114
Forresters Tilehurst Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Ballantyne & Co
Chartered Accountants & Registered Auditors
60 St. Enoch Square
Glasgow
G1 4AG
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 07725114
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 25,257 31,549
25,257 31,549
CURRENT ASSETS
Stocks 5 6,395 6,395
Debtors 6 35,880 30,710
Cash at bank and in hand 49,142 38,062
91,417 75,167
Creditors: Amounts Falling Due Within One Year 7 (62,297 ) (40,499 )
NET CURRENT ASSETS (LIABILITIES) 29,120 34,668
TOTAL ASSETS LESS CURRENT LIABILITIES 54,377 66,217
Creditors: Amounts Falling Due After More Than One Year 8 10,648 (11,176 )
NET ASSETS 65,025 55,041
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 64,925 54,941
SHAREHOLDERS' FUNDS 65,025 55,041
For the year ending 30 September 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 John Forrester
Director
10 April 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
Forresters Tilehurst Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07725114 . The registered office is Oak Tree House The Laffords, Bradfield Southend, Reading, RG7 6JD.
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:
Leasehold 10%
Plant & Machinery 20%
Fixtures & Fittings 20%
Computer Equipment 25%
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 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 14)
15 14
Page 2
Page 3
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 45,388 74,687 2,630 122,705
As at 30 September 2024 45,388 74,687 2,630 122,705
Depreciation
As at 1 October 2023 35,206 53,609 2,341 91,156
Provided during the period 2,020 4,215 57 6,292
As at 30 September 2024 37,226 57,824 2,398 97,448
Net Book Value
As at 30 September 2024 8,162 16,863 232 25,257
As at 1 October 2023 10,182 21,078 289 31,549
5. Stocks
2024 2023
£ £
Stock 6,395 6,395
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 10,280 10,958
Other debtors 25,600 19,752
35,880 30,710
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13,874 3,795
Bank loans and overdrafts 27,224 10,648
Corporation tax 3,818 8,474
Other taxes and social security 12,656 13,056
Accruals and deferred income 4,725 4,329
Directors' loan accounts - 197
62,297 40,499
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans (10,648 ) 11,176
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Page 4
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4