Acorah Software Products - Accounts Production 16.4.675 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 02980892 Mr Alan Martin Ms Donna Watts Ms Donna Watts iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02980892 2023-10-31 02980892 2024-10-31 02980892 2023-11-01 2024-10-31 02980892 frs-core:MotorVehicles 2024-10-31 02980892 frs-core:MotorVehicles 2023-11-01 2024-10-31 02980892 frs-core:MotorVehicles 2023-10-31 02980892 frs-core:PlantMachinery 2024-10-31 02980892 frs-core:PlantMachinery 2023-11-01 2024-10-31 02980892 frs-core:PlantMachinery 2023-10-31 02980892 frs-core:ShareCapital 2024-10-31 02980892 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 02980892 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 02980892 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 02980892 frs-bus:SmallEntities 2023-11-01 2024-10-31 02980892 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 02980892 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 02980892 frs-bus:Director1 2023-11-01 2024-10-31 02980892 frs-bus:Director2 2023-11-01 2024-10-31 02980892 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 02980892 frs-countries:EnglandWales 2023-11-01 2024-10-31 02980892 2022-10-31 02980892 2023-10-31 02980892 2022-11-01 2023-10-31 02980892 frs-core:ShareCapital 2023-10-31 02980892 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 02980892
Cornwall Boat Parts Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Balme Kitchen & Pearce
25 Lemon Street
Truro
Cornwall
TR1 2LS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02980892
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 31 31
31 31
CURRENT ASSETS
Stocks 5 19,000 19,000
Cash at bank and in hand 356 356
19,356 19,356
Creditors: Amounts Falling Due Within One Year 6 (2,303 ) (2,303 )
NET CURRENT ASSETS (LIABILITIES) 17,053 17,053
TOTAL ASSETS LESS CURRENT LIABILITIES 17,084 17,084
NET ASSETS 17,084 17,084
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 17,082 17,082
SHAREHOLDERS' FUNDS 17,084 17,084
Page 1
Page 2
For the year ending 31 October 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
Mr Alan Martin
Director
28 July 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cornwall Boat Parts Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02980892 . The registered office is 25 Lemon Street, Truro, Cornwall, TR1 2LS.
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:
Plant & Machinery 20% reducing balance
Motor Vehicles 20% 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 November 2023 9,646 8,410 18,056
As at 31 October 2024 9,646 8,410 18,056
Depreciation
As at 1 November 2023 9,616 8,409 18,025
As at 31 October 2024 9,616 8,409 18,025
Net Book Value
As at 31 October 2024 30 1 31
As at 1 November 2023 30 1 31
5. Stocks
2024 2023
£ £
Stock 19,000 19,000
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 2,303 2,303
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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