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Registered number: 10573368
Stonehouse Commercial Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
Michael Paul Accountants Limited
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Stonehouse Commercial Ltd for the year ended 31 January 2025
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Stonehouse Commercial Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Stonehouse Commercial Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Stonehouse Commercial Ltd and state those matters that we have agreed to state to the director of Stonehouse Commercial Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stonehouse Commercial Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Stonehouse Commercial Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Stonehouse Commercial Ltd . You consider that Stonehouse Commercial Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Stonehouse Commercial Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
23/06/2025
Michael Paul Accountants Limited
A member of the Association of Chartered Certified Accountants
Studio 2, Lamport Manor
Old Road, Lamport
Northampton
Northamptonshire
NN6 9HF
Page 1
Page 2
Balance Sheet
Registered number: 10573368
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,775 23,928
17,775 23,928
CURRENT ASSETS
Debtors 5 23,597 25,233
Cash at bank and in hand 103,501 79,020
127,098 104,253
Creditors: Amounts Falling Due Within One Year 6 (25,477 ) (19,695 )
NET CURRENT ASSETS (LIABILITIES) 101,621 84,558
TOTAL ASSETS LESS CURRENT LIABILITIES 119,396 108,486
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,111 ) (8,234 )
NET ASSETS 113,285 100,252
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 113,284 100,251
SHAREHOLDERS' FUNDS 113,285 100,252
Page 2
Page 3
For the year ending 31 January 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.
On behalf of the board
Mr James Riding-Felce
Director
23/06/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Stonehouse Commercial Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10573368 . The registered office is The Old Farmhouse, 1 Little Oakley, Corby, Northamptonshire, NN18 8HA.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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% on cost
Motor Vehicles 25% on net book value
Fixtures & Fittings 25% on cost
Computer Equipment 33% on cost
2.4. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 February 2024 43,492
Additions 108
As at 31 January 2025 43,600
Depreciation
As at 1 February 2024 19,564
Provided during the period 6,261
As at 31 January 2025 25,825
Net Book Value
As at 31 January 2025 17,775
As at 1 February 2024 23,928
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 8,943 10,575
Other debtors 14,654 14,658
23,597 25,233
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 2,533 725
Taxation and social security 22,944 18,970
25,477 19,695
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mr James Riding-Felce 10,000 - - - 10,000
The above loan is unsecured, interest free and repayable on demand.
9. Post Balance Sheet Events
On 19 January 2025 the company entered into a contract to acquire a replacement vehicle for £40,181 plus VAT. The vehicle is expected to be delivered in the current financial year.
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