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 04287303 Mr P E Richards Mr E H Richards Mr P E Richards iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04287303 2023-09-30 04287303 2024-09-30 04287303 2023-10-01 2024-09-30 04287303 frs-core:CurrentFinancialInstruments 2024-09-30 04287303 frs-core:Non-currentFinancialInstruments 2024-09-30 04287303 frs-core:FurnitureFittings 2024-09-30 04287303 frs-core:FurnitureFittings 2023-10-01 2024-09-30 04287303 frs-core:FurnitureFittings 2023-09-30 04287303 frs-core:MotorVehicles 2024-09-30 04287303 frs-core:MotorVehicles 2023-10-01 2024-09-30 04287303 frs-core:MotorVehicles 2023-09-30 04287303 frs-core:PlantMachinery 2024-09-30 04287303 frs-core:PlantMachinery 2023-10-01 2024-09-30 04287303 frs-core:PlantMachinery 2023-09-30 04287303 frs-core:ShareCapital 2024-09-30 04287303 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 04287303 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04287303 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 04287303 frs-bus:SmallEntities 2023-10-01 2024-09-30 04287303 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04287303 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04287303 frs-bus:OrdinaryShareClass1 2023-10-01 2024-09-30 04287303 frs-bus:OrdinaryShareClass1 2024-09-30 04287303 frs-bus:OrdinaryShareClass2 2023-10-01 2024-09-30 04287303 frs-bus:OrdinaryShareClass2 2024-09-30 04287303 frs-bus:OrdinaryShareClass3 2023-10-01 2024-09-30 04287303 frs-bus:OrdinaryShareClass3 2024-09-30 04287303 frs-bus:OrdinaryShareClass4 2023-10-01 2024-09-30 04287303 frs-bus:OrdinaryShareClass4 2024-09-30 04287303 frs-bus:OrdinaryShareClass5 2023-10-01 2024-09-30 04287303 frs-bus:OrdinaryShareClass5 2024-09-30 04287303 frs-core:DeferredTaxation 2023-10-01 2024-09-30 04287303 frs-core:DeferredTaxation 2023-09-30 04287303 frs-core:DeferredTaxation 2024-09-30 04287303 frs-bus:Director1 2023-10-01 2024-09-30 04287303 frs-bus:Director2 2023-10-01 2024-09-30 04287303 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 04287303 frs-countries:EnglandWales 2023-10-01 2024-09-30 04287303 2022-09-30 04287303 2023-09-30 04287303 2022-10-01 2023-09-30 04287303 frs-core:CurrentFinancialInstruments 2023-09-30 04287303 frs-core:Non-currentFinancialInstruments 2023-09-30 04287303 frs-core:ShareCapital 2023-09-30 04287303 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 04287303 frs-bus:OrdinaryShareClass1 2022-10-01 2023-09-30 04287303 frs-bus:OrdinaryShareClass2 2022-10-01 2023-09-30 04287303 frs-bus:OrdinaryShareClass3 2022-10-01 2023-09-30 04287303 frs-bus:OrdinaryShareClass4 2022-10-01 2023-09-30 04287303 frs-bus:OrdinaryShareClass5 2022-10-01 2023-09-30
Registered number: 04287303
Fernan Limited
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: 04287303
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 123,233 114,115
123,233 114,115
CURRENT ASSETS
Stocks 5 215,000 170,000
Debtors 6 766,166 721,853
Cash at bank and in hand 1,836,288 1,759,208
2,817,454 2,651,061
Creditors: Amounts Falling Due Within One Year 7 (414,564 ) (316,085 )
NET CURRENT ASSETS (LIABILITIES) 2,402,890 2,334,976
TOTAL ASSETS LESS CURRENT LIABILITIES 2,526,123 2,449,091
Creditors: Amounts Falling Due After More Than One Year 8 (295,985 ) (245,216 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (23,414 ) (21,682 )
NET ASSETS 2,206,724 2,182,193
CAPITAL AND RESERVES
Called up share capital 11 187,104 187,104
Profit and Loss Account 2,019,620 1,995,089
SHAREHOLDERS' FUNDS 2,206,724 2,182,193
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.
The financial statements were approved by the board of directors on 23 June 2025 and were signed on its behalf by:
Mr P E Richards
Director
23/06/2025
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
Fernan Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04287303 . The registered office is Unit 3 Jubilee Court, Swansea West Industrial Park, Fforestfach, Swansea, SA5 4HB.
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.
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:
Plant & Machinery 20% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 20% on 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 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
Page 3
Page 4
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2023: 16)
18 16
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 October 2023 329,497 195,722 9,891 535,110
Additions 18,000 26,000 - 44,000
As at 30 September 2024 347,497 221,722 9,891 579,110
Depreciation
As at 1 October 2023 256,644 156,531 7,820 420,995
Provided during the period 18,171 16,297 414 34,882
As at 30 September 2024 274,815 172,828 8,234 455,877
Net Book Value
As at 30 September 2024 72,682 48,894 1,657 123,233
As at 1 October 2023 72,853 39,191 2,071 114,115
5. Stocks
2024 2023
£ £
Work in progress 215,000 170,000
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 393,252 346,408
Due after more than one year
Amounts owed by related parties 372,914 375,445
766,166 721,853
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 330,438 158,140
Other taxes and social security 38,740 32,731
VAT 41,161 55,432
Other creditors 1,273 990
Accruals and deferred income 2,952 68,792
414,564 316,085
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 295,985 245,216
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 23,414 21,682
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 October 2023 21,682 21,682
Deferred taxation 1,732 1,732
Balance at 30 September 2024 23,414 23,414
Page 5
Page 6
11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
187,100 Ordinary Shares of £ 1.000 each 187,100 187,100
1 Ordinary A shares of £ 1.000 each 1 1
1 Ordinary B shares of £ 1.000 each 1 1
1 Ordinary C shares of £ 1.000 each 1 1
1 Ordinary D shares of £ 1.000 each 1 1
187,104 187,104
12. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 9,000 11,100
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