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Registered number: 13964683
Flooring Wholesale Yorkshire Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 13964683
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 80,863 33,730
Tangible Assets 5 163,632 174,267
244,495 207,997
CURRENT ASSETS
Stocks 528,640 501,149
Debtors 6 156,194 105,536
Cash at bank and in hand 92,695 17,174
777,529 623,859
Creditors: Amounts Falling Due Within One Year (647,062 ) (436,581 )
NET CURRENT ASSETS (LIABILITIES) 130,467 187,278
TOTAL ASSETS LESS CURRENT LIABILITIES 374,962 395,275
Creditors: Amounts Falling Due After More Than One Year (99,073 ) (229,258 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (40,908 ) (41,092 )
NET ASSETS 234,981 124,925
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 234,881 124,825
SHAREHOLDERS' FUNDS 234,981 124,925
Page 1
Page 2
For the year ending 31 March 2025 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Yarl Christie
Director
18/06/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Flooring Wholesale Yorkshire Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13964683 . The registered office is Olympus House, 2 Howley Park Business Village, Leeds, West Yorkshire, LS27 0BZ.
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. 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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are that of a online website. It is amortised to profit and loss account over its estimated economic life of 10 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 25% RB
Motor Vehicles 10% SLM
Fixtures & Fittings 10% SLM
Computer Equipment 10% SLM
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. 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.
...CONTINUED
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2.7. Taxation - continued
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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account 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: 7 (2024: 6)
7 6
4. Intangible Assets
Total
£
Cost
As at 1 April 2024 37,495
Additions 51,759
As at 31 March 2025 89,254
Amortisation
As at 1 April 2024 3,765
Provided during the period 4,626
As at 31 March 2025 8,391
Net Book Value
As at 31 March 2025 80,863
As at 1 April 2024 33,730
5. Tangible Assets
Total
£
Cost
As at 1 April 2024 196,326
Additions 9,142
As at 31 March 2025 205,468
Depreciation
As at 1 April 2024 22,059
Provided during the period 19,777
As at 31 March 2025 41,836
Net Book Value
As at 31 March 2025 163,632
As at 1 April 2024 174,267
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Page 5
6. Debtors
2025 2024
£ £
Due after more than one year
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
8. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £686 (2024- £1,007) were due to the fund. They are included in Other Creditors.
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