Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 08182214 Mr J W Appleton Mr M Appleton Mr P Appleton Mrs V A Young iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08182214 2023-08-31 08182214 2024-08-31 08182214 2023-09-01 2024-08-31 08182214 frs-core:CurrentFinancialInstruments 2024-08-31 08182214 frs-core:Non-currentFinancialInstruments 2024-08-31 08182214 frs-core:ComputerEquipment 2024-08-31 08182214 frs-core:ComputerEquipment 2023-09-01 2024-08-31 08182214 frs-core:ComputerEquipment 2023-08-31 08182214 frs-core:FurnitureFittings 2023-09-01 2024-08-31 08182214 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 08182214 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 08182214 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 08182214 frs-core:MotorVehicles 2024-08-31 08182214 frs-core:MotorVehicles 2023-09-01 2024-08-31 08182214 frs-core:MotorVehicles 2023-08-31 08182214 frs-core:PlantMachinery 2024-08-31 08182214 frs-core:PlantMachinery 2023-09-01 2024-08-31 08182214 frs-core:PlantMachinery 2023-08-31 08182214 frs-core:ShareCapital 2024-08-31 08182214 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 08182214 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08182214 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 08182214 frs-bus:SmallEntities 2023-09-01 2024-08-31 08182214 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08182214 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08182214 frs-bus:Director1 2023-09-01 2024-08-31 08182214 frs-bus:Director2 2023-09-01 2024-08-31 08182214 frs-bus:Director3 2023-09-01 2024-08-31 08182214 frs-bus:Director4 2023-09-01 2024-08-31 08182214 frs-countries:EnglandWales 2023-09-01 2024-08-31 08182214 2022-08-31 08182214 2023-08-31 08182214 2022-09-01 2023-08-31 08182214 frs-core:CurrentFinancialInstruments 2023-08-31 08182214 frs-core:Non-currentFinancialInstruments 2023-08-31 08182214 frs-core:ShareCapital 2023-08-31 08182214 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 08182214
Appleton Engineering (Leiston) Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08182214
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,666 8,475
7,666 8,475
CURRENT ASSETS
Stocks 5 10,000 10,000
Debtors 6 54,124 29,855
Cash at bank and in hand 36,874 109,353
100,998 149,208
Creditors: Amounts Falling Due Within One Year 7 (79,180 ) (94,961 )
NET CURRENT ASSETS (LIABILITIES) 21,818 54,247
TOTAL ASSETS LESS CURRENT LIABILITIES 29,484 62,722
Creditors: Amounts Falling Due After More Than One Year 8 (5,400 ) (12,600 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (772 ) (864 )
NET ASSETS 23,312 49,258
CAPITAL AND RESERVES
Called up share capital 9 40 40
Income Statement 23,272 49,218
SHAREHOLDERS' FUNDS 23,312 49,258
Page 1
Page 2
For the year ending 31 August 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 M Appleton
Director
22/05/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Appleton Engineering (Leiston) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08182214 . The registered office is Unit 13a Masterlord Industrial Estate, Leiston, Suffolk, IP16 4JD.
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:
Freehold 12 years straight line
Plant & Machinery 25% straight line
Motor Vehicles 20% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 20% straight line
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. 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.
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2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement 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: 14 (2023: 14)
14 14
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 38,688 8,189 1,600 9,550 58,027
Additions - 1,960 - 541 2,501
As at 31 August 2024 38,688 10,149 1,600 10,091 60,528
Depreciation
As at 1 September 2023 34,392 5,175 1,283 8,702 49,552
Provided during the period 1,227 1,538 220 325 3,310
As at 31 August 2024 35,619 6,713 1,503 9,027 52,862
Net Book Value
As at 31 August 2024 3,069 3,436 97 1,064 7,666
As at 1 September 2023 4,296 3,014 317 848 8,475
5. Stocks
2024 2023
£ £
Stock 10,000 10,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 32,882 29,014
Prepayments and accrued income 21,242 841
54,124 29,855
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 22,902 28,359
Bank loans and overdrafts 7,200 7,200
Corporation tax 3,454 13,108
Other taxes and social security 6,426 4,465
VAT 16,395 18,008
Accruals and deferred income 2,628 2,873
Directors' loan accounts 20,175 20,948
79,180 94,961
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,400 12,600
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 40 40
10. Related Party Transactions
The directors have charged a market rent for the use of an industrial estate premises of £36,000 (2023: £36,000)
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