Acorah Software Products - Accounts Production 16.4.675 false true 30 November 2023 1 December 2022 false 1 December 2023 31 December 2024 31 December 2024 12306425 Mr Steven Etheridge iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12306425 2023-11-30 12306425 2024-12-31 12306425 2023-12-01 2024-12-31 12306425 frs-core:CurrentFinancialInstruments 2024-12-31 12306425 frs-core:Non-currentFinancialInstruments 2024-12-31 12306425 frs-core:BetweenOneFiveYears 2024-12-31 12306425 frs-core:ComputerEquipment 2024-12-31 12306425 frs-core:ComputerEquipment 2023-12-01 2024-12-31 12306425 frs-core:ComputerEquipment 2023-11-30 12306425 frs-core:FurnitureFittings 2024-12-31 12306425 frs-core:FurnitureFittings 2023-12-01 2024-12-31 12306425 frs-core:FurnitureFittings 2023-11-30 12306425 frs-core:MotorVehicles 2024-12-31 12306425 frs-core:MotorVehicles 2023-12-01 2024-12-31 12306425 frs-core:MotorVehicles 2023-11-30 12306425 frs-core:PlantMachinery 2024-12-31 12306425 frs-core:PlantMachinery 2023-12-01 2024-12-31 12306425 frs-core:PlantMachinery 2023-11-30 12306425 frs-core:WithinOneYear 2024-12-31 12306425 frs-core:ShareCapital 2024-12-31 12306425 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12306425 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-12-31 12306425 frs-bus:FilletedAccounts 2023-12-01 2024-12-31 12306425 frs-bus:SmallEntities 2023-12-01 2024-12-31 12306425 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-12-31 12306425 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-12-31 12306425 frs-bus:Director1 2023-12-01 2024-12-31 12306425 frs-bus:Director1 2023-11-30 12306425 frs-bus:Director1 2024-12-31 12306425 frs-countries:EnglandWales 2023-12-01 2024-12-31 12306425 2022-11-30 12306425 2023-11-30 12306425 2022-12-01 2023-11-30 12306425 frs-core:CurrentFinancialInstruments 2023-11-30 12306425 frs-core:Non-currentFinancialInstruments 2023-11-30 12306425 frs-core:BetweenOneFiveYears 2023-11-30 12306425 frs-core:WithinOneYear 2023-11-30 12306425 frs-core:ShareCapital 2023-11-30 12306425 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 12306425
Etheridge Windows Ltd
Unaudited Financial Statements
For the Period 1 December 2023 to 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12306425
31 December 2024 30 November 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 98,165 61,208
98,165 61,208
CURRENT ASSETS
Stocks 5 80,638 11,120
Debtors 6 181,307 230,064
Cash at bank and in hand 7,562 818
269,507 242,002
Creditors: Amounts Falling Due Within One Year 7 (211,611 ) (174,976 )
NET CURRENT ASSETS (LIABILITIES) 57,896 67,026
TOTAL ASSETS LESS CURRENT LIABILITIES 156,061 128,234
Creditors: Amounts Falling Due After More Than One Year 8 (56,753 ) (75,093 )
NET ASSETS 99,308 53,141
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 99,306 53,139
SHAREHOLDERS' FUNDS 99,308 53,141
Page 1
Page 2
For the period ending 31 December 2024 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 Steven Etheridge
Director
25/07/2025
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
Etheridge Windows Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12306425 . The registered office is 14-15 Beamish Street, Beamish Street, Stanley, Co Durham, DH9 8AH.
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 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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.
Page 3
Page 4
2.6. 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 period, 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 period was: 13 (2023: 11)
13 11
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2023 - 76,800 941 1,523 79,264
Additions 336 54,750 - - 55,086
As at 31 December 2024 336 131,550 941 1,523 134,350
Depreciation
As at 1 December 2023 - 17,101 279 676 18,056
Provided during the period 84 17,732 100 213 18,129
As at 31 December 2024 84 34,833 379 889 36,185
Net Book Value
As at 31 December 2024 252 96,717 562 634 98,165
As at 1 December 2023 - 59,699 662 847 61,208
5. Stocks
31 December 2024 30 November 2023
£ £
Stock 23,000 10,140
Work in progress 57,638 980
80,638 11,120
Page 4
Page 5
6. Debtors
31 December 2024 30 November 2023
£ £
Due within one year
Trade debtors 72,634 112,266
Other debtors 15,300 106,792
VAT 4,125 11,006
Director's loan account 113,095 -
205,154 230,064
Due after more than one year
Factored debts outstanding (23,847 ) -
181,307 230,064
7. Creditors: Amounts Falling Due Within One Year
31 December 2024 30 November 2023
£ £
Net obligations under finance lease and hire purchase contracts 10,200 10,200
Trade creditors 158,384 141,462
Bank loans and overdrafts 30,900 10,000
Corporation tax 9,131 -
Other taxes and social security 1,837 2,154
Other creditors 11 -
Accruals and deferred income 1,148 701
Director's loan account - 10,459
211,611 174,976
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 30 November 2023
£ £
Net obligations under finance lease and hire purchase contracts 25,833 36,883
Bank loans 30,920 38,210
56,753 75,093
9. Obligations Under Finance Leases and Hire Purchase
31 December 2024 30 November 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,200 10,200
Later than one year and not later than five years 25,833 36,883
36,033 47,083
36,033 47,083
Page 5
Page 6
10. Share Capital
31 December 2024 30 November 2023
£ £
Allotted, Called up and fully paid 2 2
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Steven Etheridge - - - - 113,095
The above loan is unsecured, interest free and repayable on demand.
Page 6