Acorah Software Products - Accounts Production 16.3.350 false true true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 07286521 Mr Paul Emberson Mrs Wendy Emberson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07286521 2023-09-30 07286521 2024-09-30 07286521 2023-10-01 2024-09-30 07286521 frs-core:CurrentFinancialInstruments 2024-09-30 07286521 frs-core:MotorVehicles 2024-09-30 07286521 frs-core:MotorVehicles 2023-10-01 2024-09-30 07286521 frs-core:MotorVehicles 2023-09-30 07286521 frs-core:PlantMachinery 2024-09-30 07286521 frs-core:PlantMachinery 2023-10-01 2024-09-30 07286521 frs-core:PlantMachinery 2023-09-30 07286521 frs-core:ShareCapital 2024-09-30 07286521 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 07286521 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07286521 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 07286521 frs-bus:SmallEntities 2023-10-01 2024-09-30 07286521 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 07286521 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07286521 frs-core:DeferredTaxation 2023-10-01 2024-09-30 07286521 frs-core:DeferredTaxation 2023-09-30 07286521 frs-core:DeferredTaxation 2024-09-30 07286521 frs-bus:Director1 2023-10-01 2024-09-30 07286521 frs-bus:Director2 2023-10-01 2024-09-30 07286521 frs-countries:EnglandWales 2023-10-01 2024-09-30 07286521 2022-09-30 07286521 2023-09-30 07286521 2022-10-01 2023-09-30 07286521 frs-core:CurrentFinancialInstruments 2023-09-30 07286521 frs-core:ShareCapital 2023-09-30 07286521 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 07286521
EXPEDIENT PROPERTIES LTD
Financial Statements
For The Year Ended 30 September 2024
The Curtis Partnership
1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB
Contents
Page
Company Information 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Directors Mr Paul Emberson
Mrs Wendy Emberson
Company Number 07286521
Registered Office 1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB
Accountants The Curtis Partnership
1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB
Page 1
Page 2
Statement of Financial Position
Registered number: 07286521
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,476 20,049
15,476 20,049
CURRENT ASSETS
Debtors 6 4,194 8,667
Cash at bank and in hand 41,037 36,820
45,231 45,487
Creditors: Amounts Falling Due Within One Year 7 (25,913 ) (23,898 )
NET CURRENT ASSETS (LIABILITIES) 19,318 21,589
TOTAL ASSETS LESS CURRENT LIABILITIES 34,794 41,638
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (2,940 ) (3,809 )
NET ASSETS 31,854 37,829
CAPITAL AND RESERVES
Called up share capital 10 6 6
Income Statement 31,848 37,823
SHAREHOLDERS' FUNDS 31,854 37,829
Page 2
Page 3
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 Income Statement.
On behalf of the board
Mr Paul Emberson
Director
Mrs Wendy Emberson
Director
10th March 2025
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
EXPEDIENT PROPERTIES LTD is a private company, limited by shares, incorporated in England & Wales, registered number 07286521 . The registered office is 1 Tape Street, Cheadle, Stoke On Trent, Staffordshire, ST10 1BB.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% 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.
Page 4
Page 5
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.
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. Government Grant
Government grants are recognised in the income statement 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 income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement 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: NIL (2023: NIL)
- -
Page 5
Page 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 October 2023 2,645 25,400 28,045
Additions 588 - 588
As at 30 September 2024 3,233 25,400 28,633
Depreciation
As at 1 October 2023 1,646 6,350 7,996
Provided during the period 398 - 398
Disposals - 4,763 4,763
As at 30 September 2024 2,044 11,113 13,157
Net Book Value
As at 30 September 2024 1,189 14,287 15,476
As at 1 October 2023 999 19,050 20,049
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 235 -
Prepayments and accrued income 3,959 5,561
Corporation tax recoverable assets - 758
VAT - 2,348
4,194 8,667
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 93
VAT 914 -
Accruals and deferred income 1,915 2,033
Directors' loan accounts 23,084 21,772
25,913 23,898
Page 6
Page 7
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 2,940 3,809
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 October 2023 3,809 3,809
Deferred taxation (869 ) (869 )
Balance at 30 September 2024 2,940 2,940
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6 6
Page 7