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 05645393 Mr B S McCarthy Kerry Secretarial Services Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05645393 2023-08-31 05645393 2024-08-31 05645393 2023-09-01 2024-08-31 05645393 frs-core:CurrentFinancialInstruments 2024-08-31 05645393 frs-core:Non-currentFinancialInstruments 2024-08-31 05645393 frs-core:BetweenOneFiveYears 2024-08-31 05645393 frs-core:MotorVehicles 2024-08-31 05645393 frs-core:MotorVehicles 2023-09-01 2024-08-31 05645393 frs-core:MotorVehicles 2023-08-31 05645393 frs-core:ShareCapital 2024-08-31 05645393 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 05645393 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05645393 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 05645393 frs-bus:SmallEntities 2023-09-01 2024-08-31 05645393 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 05645393 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 05645393 frs-bus:Director1 2023-09-01 2024-08-31 05645393 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 05645393 frs-countries:EnglandWales 2023-09-01 2024-08-31 05645393 2022-08-31 05645393 2023-08-31 05645393 2022-09-01 2023-08-31 05645393 frs-core:CurrentFinancialInstruments 2023-08-31 05645393 frs-core:Non-currentFinancialInstruments 2023-08-31 05645393 frs-core:BetweenOneFiveYears 2023-08-31 05645393 frs-core:ShareCapital 2023-08-31 05645393 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 05645393
Barry McCarthy Building & Roofing Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Elco Accounting Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05645393
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,804 -
18,804 -
CURRENT ASSETS
Debtors 5 194,555 171,378
Cash at bank and in hand (6,750 ) 25,453
187,805 196,831
Creditors: Amounts Falling Due Within One Year 6 (170,511 ) (128,736 )
NET CURRENT ASSETS (LIABILITIES) 17,294 68,095
TOTAL ASSETS LESS CURRENT LIABILITIES 36,098 68,095
Creditors: Amounts Falling Due After More Than One Year 7 (35,687 ) (30,900 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (275 )
NET ASSETS 411 36,920
CAPITAL AND RESERVES
Called up share capital 20 20
Profit and Loss Account 391 36,900
SHAREHOLDERS' FUNDS 411 36,920
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 B S McCarthy
Director
27/05/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Barry McCarthy Building & Roofing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05645393 . The registered office is C/O Elco Accounting, 24 Church Street, Rickmansworth, Hertfordshire, WD3 1DD.

The presentational currency of the financial statements is the Pound Sterling (£).
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:
Motor Vehicles 25% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under 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.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realised the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets
...CONTINUED
Page 3
Page 4
2.5. Financial Instruments - continued
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

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. Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
Page 4
Page 5
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 September 2023 31,495
Additions 20,990
Disposals (16,500 )
As at 31 August 2024 35,985
Depreciation
As at 1 September 2023 31,495
Provided during the period 2,186
Disposals (16,500 )
As at 31 August 2024 17,181
Net Book Value
As at 31 August 2024 18,804
As at 1 September 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 194,555 171,378
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 110,123 66,419
Bank loans and overdrafts 12,354 6,600
Other creditors 9,165 9,039
Taxation and social security 38,869 46,678
170,511 128,736
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 10,342 -
Bank loans 25,345 30,900
35,687 30,900
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 10,342 -
Page 5
Page 6
9. Directors Advances, Credits and Guarantees
Included within Debtors is a balance of £108,930 (2022: £84,254) owed by the director. £43,000 was repaid within 9 months of the period end.
The above loan is unsecured, interest free and repayable on demand.
Page 6