Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 08251077 Mr Mark Lawrence Mrs Gillian Crosby iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08251077 2023-10-31 08251077 2024-10-31 08251077 2023-11-01 2024-10-31 08251077 frs-core:CurrentFinancialInstruments 2024-10-31 08251077 frs-core:ComputerEquipment 2024-10-31 08251077 frs-core:ComputerEquipment 2023-11-01 2024-10-31 08251077 frs-core:ComputerEquipment 2023-10-31 08251077 frs-core:FurnitureFittings 2024-10-31 08251077 frs-core:FurnitureFittings 2023-11-01 2024-10-31 08251077 frs-core:FurnitureFittings 2023-10-31 08251077 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-10-31 08251077 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 08251077 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 08251077 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 08251077 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 08251077 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 08251077 frs-core:MotorVehicles 2024-10-31 08251077 frs-core:MotorVehicles 2023-11-01 2024-10-31 08251077 frs-core:MotorVehicles 2023-10-31 08251077 frs-core:ShareCapital 2024-10-31 08251077 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 08251077 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08251077 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 08251077 frs-bus:SmallEntities 2023-11-01 2024-10-31 08251077 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 08251077 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 08251077 frs-core:ListedExchangeTraded 2024-10-31 08251077 frs-core:ListedExchangeTraded 2023-10-31 08251077 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-10-31 08251077 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-10-31 08251077 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-10-31 08251077 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-10-31 08251077 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-10-31 08251077 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-10-31 08251077 frs-bus:Director1 2023-11-01 2024-10-31 08251077 frs-bus:Director2 2023-11-01 2024-10-31 08251077 frs-core:CurrentFinancialInstruments 1 2024-10-31 08251077 frs-core:CurrentFinancialInstruments 2 2024-10-31 08251077 frs-core:CurrentFinancialInstruments 3 2024-10-31 08251077 frs-countries:EnglandWales 2023-11-01 2024-10-31 08251077 2022-10-31 08251077 2023-10-31 08251077 2022-11-01 2023-10-31 08251077 frs-core:CurrentFinancialInstruments 2023-10-31 08251077 frs-core:ShareCapital 2023-10-31 08251077 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 08251077 frs-core:CurrentFinancialInstruments 1 2023-10-31 08251077 frs-core:CurrentFinancialInstruments 2 2023-10-31 08251077 frs-core:CurrentFinancialInstruments 3 2023-10-31
Registered number: 08251077
Salamander Stoves Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
TaxAssist Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08251077
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 106,754 113,914
Investments 5 202,820 -
309,574 113,914
CURRENT ASSETS
Stocks 6 129,401 148,828
Debtors 7 60,212 64,550
Cash at bank and in hand 531,839 828,935
721,452 1,042,313
Creditors: Amounts Falling Due Within One Year 8 (284,007 ) (442,911 )
NET CURRENT ASSETS (LIABILITIES) 437,445 599,402
TOTAL ASSETS LESS CURRENT LIABILITIES 747,019 713,316
PROVISIONS FOR LIABILITIES
Deferred Taxation (14,344 ) (14,504 )
NET ASSETS 732,675 698,812
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 732,575 698,712
SHAREHOLDERS' FUNDS 732,675 698,812
Page 1
Page 2
For the year ending 31 October 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 Profit and Loss Account.
On behalf of the board
Mrs Gillian Crosby
Director
22/04/2025
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
Salamander Stoves Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08251077 . The registered office is Rosemount Canada Hill, East Ogwell, Newton Abbot, Devon, TQ12 6AF.
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 10% straight line
Leasehold 3/10/20% straight line
Motor Vehicles 15% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 15% reducing balance
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. 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.
2.5. 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 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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 14)
13 14
4. Tangible Assets
Land & Property
Freehold Leasehold Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 November 2023 35,420 35,280 26,710 74,269
Additions - - - 6,571
As at 31 October 2024 35,420 35,280 26,710 80,840
Depreciation
As at 1 November 2023 3,542 4,061 14,143 42,501
Provided during the period 3,542 1,581 1,885 5,751
As at 31 October 2024 7,084 5,642 16,028 48,252
Net Book Value
As at 31 October 2024 28,336 29,638 10,682 32,588
As at 1 November 2023 31,878 31,219 12,567 31,768
Computer Equipment Total
£ £
Cost
As at 1 November 2023 16,694 188,373
Additions - 6,571
As at 31 October 2024 16,694 194,944
Depreciation
As at 1 November 2023 10,212 74,459
Provided during the period 972 13,731
As at 31 October 2024 11,184 88,190
Net Book Value
As at 31 October 2024 5,510 106,754
As at 1 November 2023 6,482 113,914
Page 4
Page 5
5. Investments
Listed
£
Cost
As at 1 November 2023 -
Additions 203,738
Disposals (918 )
As at 31 October 2024 202,820
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 202,820
As at 1 November 2023 -
6. Stocks
2024 2023
£ £
Stock 129,401 148,828
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 55,748 62,540
Prepayments and accrued income 4,460 2,010
Other debtors 4 -
60,212 64,550
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 38,371 39,941
Corporation tax 45,483 145,820
Other taxes and social security 13,064 4,062
VAT 43,754 27,574
Other creditors 3,130 2,750
Pension Liability 769 577
Deferred income 103,358 177,542
Other creditors (3) 9 -
Directors' loan accounts 36,069 44,645
284,007 442,911
Page 5
Page 6
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 6