Acorah Software Products - Accounts Production 16.1.300 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 13014327 Mr M E Clark Mr A Cross true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13014327 2023-12-31 13014327 2024-12-31 13014327 2024-01-01 2024-12-31 13014327 frs-core:CurrentFinancialInstruments 2024-12-31 13014327 frs-core:ShareCapital 2024-12-31 13014327 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13014327 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13014327 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13014327 frs-bus:SmallEntities 2024-01-01 2024-12-31 13014327 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13014327 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13014327 1 2024-01-01 2024-12-31 13014327 frs-bus:Director1 2024-01-01 2024-12-31 13014327 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 13014327 frs-countries:EnglandWales 2024-01-01 2024-12-31 13014327 2022-12-31 13014327 2023-12-31 13014327 2023-01-01 2023-12-31 13014327 frs-core:CurrentFinancialInstruments 2023-12-31 13014327 frs-core:ShareCapital 2023-12-31 13014327 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13014327
Beechey 11 Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 13014327
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 680,740 1,343,433
Debtors 4 2,828 1,284
Cash at bank and in hand 15,314 7,564
698,882 1,352,281
Creditors: Amounts Falling Due Within One Year 5 (634,744 ) (1,334,781 )
NET CURRENT ASSETS (LIABILITIES) 64,138 17,500
TOTAL ASSETS LESS CURRENT LIABILITIES 64,138 17,500
NET ASSETS 64,138 17,500
CAPITAL AND RESERVES
Called up share capital 6 10 10
Profit and Loss Account 64,128 17,490
SHAREHOLDERS' FUNDS 64,138 17,500
For the year 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 members have 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 M E Clark
Director
01/08/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Beechey 11 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13014327 . The registered office is Third Floor Link House, 25 West Street, Poole, BH15 1LD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetry amounts in these financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
The financial statements are prepared on a going concern basis. The company remains assured of the
financial support by the parent company. The directors have received confirmation that the parent company
will continue to support the company and provide it with adequate funds when necessary to enable it to
meet its debts as they fall due in the foreseeable future. On this basis, the directors consider it appropriate
to prepare the financial statements on a going concern basis.
2.3. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in
the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration
takes into account trade discounts, settlement discounts and volume rebates.
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have
passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable
that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be
incurred in respect of the transaction can be measured reliably.
Turnover from contracts for the provision of professional services is recognised by reference to the stage of completion
when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion
is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a
proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of
the expenses recognised that it is probable will be recovered.
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.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Cash and cash equivalents
...CONTINUED
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2.5. Financial Instruments - continued
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2.6. Taxation
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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,794 355
VAT 1,034 929
2,828 1,284
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Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,879 2,358
Other creditors - (442 )
Accruals and deferred income 550 550
Amounts owed to parent undertaking 632,315 1,332,315
634,744 1,334,781
Amounts owed to group undertakings are unsecured, accrues interest at 10% per annum, and will not be repaid until sufficient funds are available.
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
On incorporation the company issued 10 Ordinary £1 shares at par value.
7. Related Party Transactions
The Company has taken advantage of the exemption available in accordance with section 33 of FRS102 not to disclose transactions entered into between two or more members of a group, on the basis that it's subsidiaries are wholly owned.
8. Ultimate Controlling Party
The Company is ultimately owned and controlled by two family trusts - SJ Clark 15 July 1995 Settlement Trust and LJ Clark 9 July 1987 Settlement Trust. The directors control the day to day activity of the Company.
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