Acorah Software Products - Accounts Production 16.3.350 false true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 02776890 Mr Darren Pope Mr Shaun Pope Mr Terry Pope iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02776890 2024-02-28 02776890 2025-02-28 02776890 2024-02-29 2025-02-28 02776890 frs-core:CurrentFinancialInstruments 2025-02-28 02776890 frs-core:Non-currentFinancialInstruments 2025-02-28 02776890 frs-core:BetweenOneFiveYears 2025-02-28 02776890 frs-core:ComputerEquipment 2025-02-28 02776890 frs-core:ComputerEquipment 2024-02-29 2025-02-28 02776890 frs-core:ComputerEquipment 2024-02-28 02776890 frs-core:FurnitureFittings 2025-02-28 02776890 frs-core:FurnitureFittings 2024-02-29 2025-02-28 02776890 frs-core:FurnitureFittings 2024-02-28 02776890 frs-core:MotorVehicles 2025-02-28 02776890 frs-core:MotorVehicles 2024-02-29 2025-02-28 02776890 frs-core:MotorVehicles 2024-02-28 02776890 frs-core:PlantMachinery 2025-02-28 02776890 frs-core:PlantMachinery 2024-02-29 2025-02-28 02776890 frs-core:PlantMachinery 2024-02-28 02776890 frs-core:WithinOneYear 2025-02-28 02776890 frs-core:ShareCapital 2025-02-28 02776890 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 02776890 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 02776890 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 02776890 frs-bus:SmallEntities 2024-02-29 2025-02-28 02776890 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 02776890 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 02776890 frs-bus:Director1 2024-02-29 2025-02-28 02776890 frs-bus:Director2 2024-02-29 2025-02-28 02776890 frs-bus:Director3 2024-02-29 2025-02-28 02776890 frs-countries:EnglandWales 2024-02-29 2025-02-28 02776890 2023-02-28 02776890 2024-02-28 02776890 2023-03-01 2024-02-28 02776890 frs-core:CurrentFinancialInstruments 2024-02-28 02776890 frs-core:Non-currentFinancialInstruments 2024-02-28 02776890 frs-core:BetweenOneFiveYears 2024-02-28 02776890 frs-core:WithinOneYear 2024-02-28 02776890 frs-core:ShareCapital 2024-02-28 02776890 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28
Registered number: 02776890
B Pope & Sons Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
MACRO ACCOUNTANCY LTD
Willows Holt Yard, Willows Holt
Willows Lane, Sibsey,
Boston
Lincolnshire
PE22 0TG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02776890
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,541 11,032
8,541 11,032
CURRENT ASSETS
Stocks 5 8,000 52,713
Debtors 6 26,069 68,489
Cash at bank and in hand 28,237 31,516
62,306 152,718
Creditors: Amounts Falling Due Within One Year 7 (95,167 ) (149,442 )
NET CURRENT ASSETS (LIABILITIES) (32,861 ) 3,276
TOTAL ASSETS LESS CURRENT LIABILITIES (24,320 ) 14,308
Creditors: Amounts Falling Due After More Than One Year 8 (12,500 ) (13,541 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,096 ) (2,096 )
NET LIABILITIES (38,916 ) (1,329 )
CAPITAL AND RESERVES
Called up share capital 10 102 102
Profit and Loss Account (39,018 ) (1,431 )
SHAREHOLDERS' FUNDS (38,916) (1,329)
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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 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 Darren Pope
Director
20/05/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
B Pope & Sons Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02776890 . The registered office is Church Farm Road, Sempringham, Sleaford, Lincolnshire, NG34 0LU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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:
Plant & Machinery 15% reducing balance basis
Motor Vehicles 25% reducing balance basis
Fixtures & Fittings 25% reducing balance basis
Computer Equipment 33% straight line basis
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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.
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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 year 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 asset reflects 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 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.
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.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2019 - 7 (2024: 8)
7 8
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 29 February 2024 44,452 49,996 10,116 750 105,314
Additions - - - 400 400
As at 28 February 2025 44,452 49,996 10,116 1,150 105,714
Depreciation
As at 29 February 2024 43,170 40,291 10,071 750 94,282
Provided during the period 321 2,426 11 133 2,891
As at 28 February 2025 43,491 42,717 10,082 883 97,173
Net Book Value
As at 28 February 2025 961 7,279 34 267 8,541
As at 29 February 2024 1,282 9,705 45 - 11,032
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
5. Stocks
2025 2024
£ £
Stock and work in progress 8,000 52,713
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 25,901 68,301
Prepayments and accrued income 168 188
26,069 68,489
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 1,041 3,123
Trade creditors 59,841 111,024
Bank loans and overdrafts 10,000 10,000
Other taxes and social security 8,396 2,150
VAT 3,389 2,775
Other creditors 835 785
Accruals and deferred income 1,625 1,621
Directors' loan accounts 10,040 17,964
95,167 149,442
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 1,041
Bank loans 12,500 12,500
12,500 13,541
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,041 3,123
Later than one year and not later than five years - 1,041
1,041 4,164
1,041 4,164
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 102 102
11. Dividends
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