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 02241663 Mrs Sabine Townend Mr Peter Townend iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02241663 2023-09-30 02241663 2024-09-30 02241663 2023-10-01 2024-09-30 02241663 frs-core:CurrentFinancialInstruments 2024-09-30 02241663 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 02241663 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 02241663 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02241663 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 02241663 frs-core:PlantMachinery 2024-09-30 02241663 frs-core:PlantMachinery 2023-10-01 2024-09-30 02241663 frs-core:PlantMachinery 2023-09-30 02241663 frs-core:RevaluationReserve 2023-09-30 02241663 frs-core:RevaluationReserve 2024-09-30 02241663 frs-core:ShareCapital 2024-09-30 02241663 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 02241663 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 02241663 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 02241663 frs-bus:SmallEntities 2023-10-01 2024-09-30 02241663 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 02241663 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 02241663 frs-bus:Director1 2023-10-01 2024-09-30 02241663 frs-bus:Director1 2023-09-30 02241663 frs-bus:Director1 2024-09-30 02241663 frs-bus:Director2 2023-10-01 2024-09-30 02241663 frs-bus:Director2 2023-09-30 02241663 frs-bus:Director2 2024-09-30 02241663 frs-countries:EnglandWales 2023-10-01 2024-09-30 02241663 2022-09-30 02241663 2023-09-30 02241663 2022-10-01 2023-09-30 02241663 frs-core:CurrentFinancialInstruments 2023-09-30 02241663 frs-core:RevaluationReserve 2023-09-30 02241663 frs-core:ShareCapital 2023-09-30 02241663 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 02241663
Maws Craft Centre (Jackfield) Ltd.
Unaudited Financial Statements
For The Year Ended 30 September 2024
Turas Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02241663
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,391,361 2,397,210
2,391,361 2,397,210
CURRENT ASSETS
Debtors 5 61,848 14,043
Cash at bank and in hand 82,627 121,485
144,475 135,528
Creditors: Amounts Falling Due Within One Year 6 (26,813 ) (13,207 )
NET CURRENT ASSETS (LIABILITIES) 117,662 122,321
TOTAL ASSETS LESS CURRENT LIABILITIES 2,509,023 2,519,531
PROVISIONS FOR LIABILITIES
Deferred Taxation (403,078 ) (422,242 )
NET ASSETS 2,105,945 2,097,289
CAPITAL AND RESERVES
Called up share capital 7 35,600 35,600
Revaluation reserve 9 1,649,238 1,649,238
Profit and Loss Account 421,107 412,451
SHAREHOLDERS' FUNDS 2,105,945 2,097,289
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 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 Sabine Townend
Director
26/06/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Maws Craft Centre (Jackfield) Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 02241663 . The registered office is Flat 1, Maws Craft Centre, Jackfield, Telford, Shropshire, TF8 7LR.
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 No Depreciation
Leasehold No Depreciation
Plant & Machinery 25% Reducing Balance
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2.4. 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: 3 (2023: )
3 -
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 October 2023 2,375,000 58,202 2,433,202
Disposals - (14,005 ) (14,005 )
As at 30 September 2024 2,375,000 44,197 2,419,197
...CONTINUED
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Depreciation
As at 1 October 2023 - 35,992 35,992
Provided during the period - 5,453 5,453
Disposals - (13,609 ) (13,609 )
As at 30 September 2024 - 27,836 27,836
Net Book Value
As at 30 September 2024 2,375,000 16,361 2,391,361
As at 1 October 2023 2,375,000 22,210 2,397,210
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,069 3,543
Other debtors 54,779 10,500
61,848 14,043
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,360 2,975
Other creditors 18,907 1,174
Taxation and social security 6,546 9,058
26,813 13,207
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 35,600 35,600
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mrs Sabine Townend (624 ) 14,528 16,715 - (2,811 )
Mr Peter Townend - 62,970 15,781 - 47,189
The above loan is unsecured, interest charged at 3% and repayable on demand.
Any loans stated above are made up of personal transactions between the limited company and the directors including salary payments and personal tax refunds. 
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9. Reserves
Revaluation Reserve
£
As at 1 October 2023 1,649,238
As at 30 September 2024 1,649,238
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