Acorah Software Products - Accounts Production 16.4.675 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 09294281 Mr David Cahill Mr David Robson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09294281 2023-11-30 09294281 2024-11-30 09294281 2023-12-01 2024-11-30 09294281 frs-core:CurrentFinancialInstruments 2024-11-30 09294281 frs-core:FurnitureFittings 2024-11-30 09294281 frs-core:FurnitureFittings 2023-12-01 2024-11-30 09294281 frs-core:FurnitureFittings 2023-11-30 09294281 frs-core:MotorVehicles 2024-11-30 09294281 frs-core:MotorVehicles 2023-12-01 2024-11-30 09294281 frs-core:MotorVehicles 2023-11-30 09294281 frs-core:CapitalRedemptionReserve 2024-11-30 09294281 frs-core:ShareCapital 2024-11-30 09294281 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 09294281 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 09294281 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 09294281 frs-bus:SmallEntities 2023-12-01 2024-11-30 09294281 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 09294281 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 09294281 frs-bus:Director1 2023-12-01 2024-11-30 09294281 frs-bus:Director2 2023-12-01 2024-11-30 09294281 frs-countries:EnglandWales 2023-12-01 2024-11-30 09294281 2022-11-30 09294281 2023-11-30 09294281 2022-12-01 2023-11-30 09294281 frs-core:CurrentFinancialInstruments 2023-11-30 09294281 frs-core:CapitalRedemptionReserve 2023-11-30 09294281 frs-core:ShareCapital 2023-11-30 09294281 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 09294281
Flat Glass Solutions Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Integrity Tax & Accountancy Solutions Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
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Balance Sheet
Registered number: 09294281
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,078 22,058
17,078 22,058
CURRENT ASSETS
Stocks 5 85,877 57,018
Debtors 6 195,555 350,804
Cash at bank and in hand 411,688 5,336
693,120 413,158
Creditors: Amounts Falling Due Within One Year 7 (435,449 ) (274,520 )
NET CURRENT ASSETS (LIABILITIES) 257,671 138,638
TOTAL ASSETS LESS CURRENT LIABILITIES 274,749 160,696
NET ASSETS 274,749 160,696
CAPITAL AND RESERVES
Called up share capital 8 2 2
Capital redemption reserve (14,999 ) (14,999 )
Profit and Loss Account 289,746 175,693
SHAREHOLDERS' FUNDS 274,749 160,696
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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 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 David Cahill
Director
26/08/2025
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
Flat Glass Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09294281 . The registered office is Suite 2, April Cottage Ashfield Road, Norton, Bury St. Edmunds, Suffolk, IP31 3NJ.
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.
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:
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% 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.
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 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.
2.5.1 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.
2.5.2 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 amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The 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.
2.5.3 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.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. 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 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: 2 (2023: 3)
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 December 2023 50,800 2,004 52,804
Additions - 713 713
As at 30 November 2024 50,800 2,717 53,517
Depreciation
As at 1 December 2023 29,369 1,377 30,746
Provided during the period 5,358 335 5,693
As at 30 November 2024 34,727 1,712 36,439
Net Book Value
As at 30 November 2024 16,073 1,005 17,078
As at 1 December 2023 21,431 627 22,058
5. Stocks
2024 2023
£ £
Stock 85,877 57,018
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 16,276 250,799
Other debtors 179,279 100,005
195,555 350,804
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 167,261 10,511
Other creditors 179,030 197,215
Taxation and social security 89,158 66,794
435,449 274,520
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Related Party Transactions
As at 30/11/2024 a total balance of £62,949 was owed to the Directors. The directors have each been paid a £500 dividend as at the year end. 
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