Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 06366063 Mr William Parker Mrs Sarah Parker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06366063 2023-09-30 06366063 2024-09-30 06366063 2023-10-01 2024-09-30 06366063 frs-core:CurrentFinancialInstruments 2024-09-30 06366063 frs-core:Non-currentFinancialInstruments 2024-09-30 06366063 frs-core:ComputerEquipment 2024-09-30 06366063 frs-core:ComputerEquipment 2023-10-01 2024-09-30 06366063 frs-core:ComputerEquipment 2023-09-30 06366063 frs-core:FurnitureFittings 2024-09-30 06366063 frs-core:FurnitureFittings 2023-10-01 2024-09-30 06366063 frs-core:FurnitureFittings 2023-09-30 06366063 frs-core:NetGoodwill 2023-10-01 2024-09-30 06366063 frs-core:MotorVehicles 2024-09-30 06366063 frs-core:MotorVehicles 2023-10-01 2024-09-30 06366063 frs-core:MotorVehicles 2023-09-30 06366063 frs-core:PlantMachinery 2024-09-30 06366063 frs-core:PlantMachinery 2023-10-01 2024-09-30 06366063 frs-core:PlantMachinery 2023-09-30 06366063 frs-core:ShareCapital 2024-09-30 06366063 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 06366063 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06366063 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 06366063 frs-bus:SmallEntities 2023-10-01 2024-09-30 06366063 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 06366063 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 06366063 frs-bus:Director1 2023-10-01 2024-09-30 06366063 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 06366063 frs-core:CurrentFinancialInstruments 1 2024-09-30 06366063 frs-core:CurrentFinancialInstruments 2 2024-09-30 06366063 frs-core:CurrentFinancialInstruments 3 2024-09-30 06366063 frs-countries:EnglandWales 2023-10-01 2024-09-30 06366063 2022-09-30 06366063 2023-09-30 06366063 2022-10-01 2023-09-30 06366063 frs-core:CurrentFinancialInstruments 2023-09-30 06366063 frs-core:Non-currentFinancialInstruments 2023-09-30 06366063 frs-core:ShareCapital 2023-09-30 06366063 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 06366063 frs-core:CurrentFinancialInstruments 1 2023-09-30 06366063 frs-core:CurrentFinancialInstruments 2 2023-09-30 06366063 frs-core:CurrentFinancialInstruments 3 2023-09-30
Registered number: 06366063
Thaxted Stoves Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06366063
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 155,301 125,901
155,301 125,901
CURRENT ASSETS
Stocks 5 100,000 60,000
Debtors 6 16,643 15,629
Cash at bank and in hand 197,250 218,823
313,893 294,452
Creditors: Amounts Falling Due Within One Year 7 (159,965 ) (103,933 )
NET CURRENT ASSETS (LIABILITIES) 153,928 190,519
TOTAL ASSETS LESS CURRENT LIABILITIES 309,229 316,420
Creditors: Amounts Falling Due After More Than One Year 8 (14,318 ) (21,213 )
NET ASSETS 294,911 295,207
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 294,909 295,205
SHAREHOLDERS' FUNDS 294,911 295,207
Page 1
Page 2
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 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 William Parker
Director
23/04/2025
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
Thaxted Stoves Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06366063 . The registered office is The Counting House Watling Lane, Thaxted, Dunmow, Essex, CM6 2QY.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
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 15%
Motor Vehicles 25%
Fixtures & Fittings 25%
Computer Equipment 25%
Page 3
Page 4
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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 4)
5 4
Page 4
Page 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 50,480 112,637 30,336 10,673 204,126
Additions - 154,692 - - 154,692
Disposals - (115,297 ) - - (115,297 )
As at 30 September 2024 50,480 152,032 30,336 10,673 243,521
Depreciation
As at 1 October 2023 31,602 30,118 9,638 6,867 78,225
Provided during the period 2,831 22,891 3,105 951 29,778
Disposals - (19,783 ) - - (19,783 )
As at 30 September 2024 34,433 33,226 12,743 7,818 88,220
Net Book Value
As at 30 September 2024 16,047 118,806 17,593 2,855 155,301
As at 1 October 2023 18,878 82,519 20,698 3,806 125,901
5. Stocks
2024 2023
£ £
Stock 100,000 60,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 16,643 15,629
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 15,059 51,256
Other loans 38,885 (6,000 )
Corporation tax 10,728 33,578
Other taxes and social security 3,256 2,442
VAT 12,120 18,723
Net wages 1,932 -
Other creditors 5,647 3,680
Other creditors (1) (1 ) -
...CONTINUED
Page 5
Page 6
Other creditors (2) 3,209 -
Other creditors (3) 209 -
Director's loan account 68,921 254
159,965 103,933
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 14,318 21,213
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 6