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 10917949 Mrs Y Tatler iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10917949 2023-08-31 10917949 2024-08-31 10917949 2023-09-01 2024-08-31 10917949 frs-core:CurrentFinancialInstruments 2024-08-31 10917949 frs-core:Non-currentFinancialInstruments 2024-08-31 10917949 frs-core:FurnitureFittings 2024-08-31 10917949 frs-core:FurnitureFittings 2023-09-01 2024-08-31 10917949 frs-core:FurnitureFittings 2023-08-31 10917949 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 10917949 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10917949 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 10917949 frs-core:PlantMachinery 2024-08-31 10917949 frs-core:PlantMachinery 2023-09-01 2024-08-31 10917949 frs-core:PlantMachinery 2023-08-31 10917949 frs-core:ShareCapital 2024-08-31 10917949 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10917949 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10917949 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10917949 frs-bus:SmallEntities 2023-09-01 2024-08-31 10917949 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10917949 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10917949 frs-bus:Director1 2023-09-01 2024-08-31 10917949 frs-countries:EnglandWales 2023-09-01 2024-08-31 10917949 2022-08-31 10917949 2023-08-31 10917949 2022-09-01 2023-08-31 10917949 frs-core:CurrentFinancialInstruments 2023-08-31 10917949 frs-core:Non-currentFinancialInstruments 2023-08-31 10917949 frs-core:ShareCapital 2023-08-31 10917949 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 10917949
Waterside Cottages Limited
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10917949
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 698,858 672,567
698,858 672,567
CURRENT ASSETS
Debtors 5 - 497
Cash at bank and in hand 1,748 2,373
1,748 2,870
Creditors: Amounts Falling Due Within One Year 6 (454,103 ) (400,901 )
NET CURRENT ASSETS (LIABILITIES) (452,355 ) (398,031 )
TOTAL ASSETS LESS CURRENT LIABILITIES 246,503 274,536
Creditors: Amounts Falling Due After More Than One Year 7 (240,824 ) (266,633 )
NET ASSETS 5,679 7,903
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 5,677 7,901
SHAREHOLDERS' FUNDS 5,679 7,903
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs Y Tatler
Director
19 May 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Waterside Cottages Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10917949 . The registered office is 7 Faraday Court, First Avenue, Burton On Trent, Staffordshire, DE14 2WX.
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 No Depreciation
Plant & Machinery 25% RB
Fixtures & Fittings 25% RB
2.4. 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 year was: 1 (2023: NIL)
1 -
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 September 2023 631,663 7,440 51,864 690,967
Additions 28,260 - 11,010 39,270
As at 31 August 2024 659,923 7,440 62,874 730,237
Depreciation
As at 1 September 2023 - 6,000 12,400 18,400
Provided during the period - 360 12,619 12,979
As at 31 August 2024 - 6,360 25,019 31,379
Net Book Value
As at 31 August 2024 659,923 1,080 37,855 698,858
As at 1 September 2023 631,663 1,440 39,464 672,567
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 497
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 584
Bank loans and overdrafts 19,533 19,533
Other creditors 434,570 380,784
454,103 400,901
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 240,824 266,633
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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