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Registered number: 10493786
AMS (Stonemasons) Limited
Director's Report and
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Company Information 1
Director's Report 2
Accountant's Report 3
Statement of Income and Retained Earnings 4
Balance Sheet 5
Notes to the Financial Statements 6—8
Page 1
Company Information
Director Mr L A Ashby
Company Number 10493786
Registered Office 9-11 Stratford Road
Shirley
Solihull
B90 3LU
Business 6 St Johns Road
Brownhills
Walsall
West Midlands
WS8 7AJ
Accountants Raven Accounting (West Midlands) Limited
Chartered Certified Accountants
9-11 Stratford Road
Shirley
Solihull
B90 3LU
Bankers Santander UK plc
Bridle Road
Bootle
Merseyside
L30 4GB
Page 1
Page 2
Director's Report
The director presents his report and the financial statements for the year ended 30 November 2024.
Directors
The director who held office during the year were as follows:
Mr L A Ashby
Statement of Director's Responsibilities
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr L A Ashby
Director
12 August 2025
Page 2
Page 3
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of AMS (Stonemasons) Limited for the year ended 30 November 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AMS (Stonemasons) Limited 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 AMS (Stonemasons) Limited , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of AMS (Stonemasons) Limited and state those matters that we have agreed to state to the director of AMS (Stonemasons) Limited , 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 AMS (Stonemasons) Limited and its director as a body for our work or for this report.
It is your duty to ensure that AMS (Stonemasons) Limited 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 AMS (Stonemasons) Limited . You consider that AMS (Stonemasons) Limited 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 AMS (Stonemasons) Limited . 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.
12 August 2025
Raven Accounting (West Midlands) Limited
Chartered Certified Accountants
9-11 Stratford Road
Shirley
Solihull
B90 3LU
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Page 4
Statement of Income and Retained Earnings
2024 2023
Notes £ £
TURNOVER 162,897 100,312
Cost of sales (106,701 ) (54,367 )
GROSS PROFIT 56,196 45,945
Administrative expenses (14,720 ) (7,234 )
OPERATING PROFIT 41,476 38,711
Loss on disposal of fixed assets - (374 )
Interest payable and similar charges (207 ) (262 )
PROFIT BEFORE TAXATION 41,269 38,075
Tax on Profit (7,841 ) (7,213 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 33,428 30,862
RETAINED EARNINGS
As at 1 December 2023 2,776 1,914
Dividends paid (33,400) (30,000)
As at 30 November 2024 2,804 2,776
The notes on pages 6 to 8 form part of these financial statements.
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Page 5
Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 5,245 5,461
5,245 5,461
CURRENT ASSETS
Stocks 6 500 1,000
Debtors 7 39,776 17,419
Cash at bank and in hand 4,130 8,369
44,406 26,788
Creditors: Amounts Falling Due Within One Year 8 (44,557 ) (24,942 )
NET CURRENT ASSETS (LIABILITIES) (151 ) 1,846
TOTAL ASSETS LESS CURRENT LIABILITIES 5,094 7,307
Creditors: Amounts Falling Due After More Than One Year 9 (1,283 ) (3,483 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (997 ) (1,038 )
NET ASSETS 2,814 2,786
CAPITAL AND RESERVES
Called up share capital 11 10 10
Profit and Loss Account 2,804 2,776
SHAREHOLDERS' FUNDS 2,814 2,786
For the year ending 30 November 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors on 12 August 2025 and were signed on its behalf by:
Mr L A Ashby
Director
12 August 2025
The notes on pages 6 to 8 form part of these financial statements.
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Page 6
Notes to the Financial Statements
1. General Information
AMS (Stonemasons) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10493786 . The registered office is 9-11 Stratford Road, Shirley, Solihull, B90 3LU.
The presentation currency of the financial statements is the Pound Sterling (£).
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It was amortised to profit and loss account over its estimated economic life of five years.
2.4. 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
Computer Equipment 20% on cost
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.
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.
...CONTINUED
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2.6. 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: 1 (2023: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2023 10,000
As at 30 November 2024 10,000
Amortisation
As at 1 December 2023 10,000
As at 30 November 2024 10,000
Net Book Value
As at 30 November 2024 -
As at 1 December 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2023 5,377 12,185 1,527 19,089
Additions 500 - 682 1,182
As at 30 November 2024 5,877 12,185 2,209 20,271
Depreciation
As at 1 December 2023 2,263 10,559 806 13,628
Provided during the period 723 407 268 1,398
As at 30 November 2024 2,986 10,966 1,074 15,026
Net Book Value
As at 30 November 2024 2,891 1,219 1,135 5,245
As at 1 December 2023 3,114 1,626 721 5,461
6. Stocks
2024 2023
£ £
Stock 500 1,000
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 39,627 2,180
Amounts recoverable on contracts - 5,144
Other debtors 149 10,095
39,776 17,419
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,136 5,287
Bank loans and overdrafts 2,200 2,200
Other creditors 10,334 1,925
Taxation and social security 30,887 15,530
44,557 24,942
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,283 3,483
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 December 2023 1,038 1,038
Deferred taxation (41 ) (41 )
Balance at 30 November 2024 997 997
11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
9 Ordinary A shares of £ 1 each 9 9
1 Ordinary B shares of £ 1 each 1 1
10 10
12. Related Party Transactions
During the year, total dividends of £32,900 (2023: £27,000) were paid to the director.
The director of the company has loaned the company money which is unsecured, interest-free, and repayable on demand. At the end of the year the outstanding amounts totalled £613 (2023: £405).
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