Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 04994575 Mr Gary Osborne iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04994575 2023-12-31 04994575 2024-12-31 04994575 2024-01-01 2024-12-31 04994575 frs-core:CurrentFinancialInstruments 2024-12-31 04994575 frs-core:Non-currentFinancialInstruments 2024-12-31 04994575 frs-core:MotorVehicles 2024-12-31 04994575 frs-core:MotorVehicles 2024-01-01 2024-12-31 04994575 frs-core:MotorVehicles 2023-12-31 04994575 frs-core:PlantMachinery 2024-12-31 04994575 frs-core:PlantMachinery 2024-01-01 2024-12-31 04994575 frs-core:PlantMachinery 2023-12-31 04994575 frs-core:ShareCapital 2024-12-31 04994575 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04994575 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04994575 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04994575 frs-bus:SmallEntities 2024-01-01 2024-12-31 04994575 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04994575 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04994575 frs-bus:Director1 2024-01-01 2024-12-31 04994575 frs-countries:EnglandWales 2024-01-01 2024-12-31 04994575 2022-12-31 04994575 2023-12-31 04994575 2023-01-01 2023-12-31 04994575 frs-core:CurrentFinancialInstruments 2023-12-31 04994575 frs-core:Non-currentFinancialInstruments 2023-12-31 04994575 frs-core:ShareCapital 2023-12-31 04994575 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 04994575
N & G Home Improvements Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Integrity Tax & Accountancy Solutions Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04994575
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 66 78
66 78
CURRENT ASSETS
Debtors 5 - 434
Cash at bank and in hand 91,890 78,604
91,890 79,038
Creditors: Amounts Falling Due Within One Year 6 (33,789 ) (23,574 )
NET CURRENT ASSETS (LIABILITIES) 58,101 55,464
TOTAL ASSETS LESS CURRENT LIABILITIES 58,167 55,542
Creditors: Amounts Falling Due After More Than One Year 7 (1,384 ) (5,134 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (17 ) (19 )
NET ASSETS 56,766 50,389
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 56,666 50,289
SHAREHOLDERS' FUNDS 56,766 50,389
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Page 2
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 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 Gary Osborne
Director
21/08/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
N & G Home Improvements Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04994575 . The registered office is May Cottage Ashfield Road, Norton, Bury St Edmunds, Suffolk, IP31 3NF.
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 Fully depreciated
2.4. 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 statement of financial position when the company becomes party to the contractual provisions of the
instrument. Financial assets and liabilities are offset and the net amounts presented in the financial statements where 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.
Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.If an asset is impaired, the impairment loss is the difference between the carrying
impairment loss is recognised in profit or loss. If there is a decrease in the impairment loss arising from an event
occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current
carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
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.
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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.
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. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2024 2,000 12,850 14,850
As at 31 December 2024 2,000 12,850 14,850
Depreciation
As at 1 January 2024 1,922 12,850 14,772
Provided during the period 12 - 12
As at 31 December 2024 1,934 12,850 14,784
Net Book Value
As at 31 December 2024 66 - 66
As at 1 January 2024 78 - 78
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 245
Other debtors - 189
- 434
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,061 3,191
Bank loans and overdrafts 4,283 4,283
Other creditors 11,738 11,177
Taxation and social security 8,707 4,923
33,789 23,574
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,384 5,134
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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