Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10928873 Mr A Lamming Mr S Tennent iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10928873 2023-12-31 10928873 2024-12-31 10928873 2024-01-01 2024-12-31 10928873 frs-core:CurrentFinancialInstruments 2024-12-31 10928873 frs-core:Non-currentFinancialInstruments 2024-12-31 10928873 frs-core:BetweenOneFiveYears 2024-12-31 10928873 frs-core:ComputerEquipment 2024-12-31 10928873 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10928873 frs-core:ComputerEquipment 2023-12-31 10928873 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-12-31 10928873 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-01-01 2024-12-31 10928873 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 10928873 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 10928873 frs-core:FurnitureFittings 2024-12-31 10928873 frs-core:FurnitureFittings 2024-01-01 2024-12-31 10928873 frs-core:FurnitureFittings 2023-12-31 10928873 frs-core:MotorVehicles 2024-12-31 10928873 frs-core:MotorVehicles 2024-01-01 2024-12-31 10928873 frs-core:MotorVehicles 2023-12-31 10928873 frs-core:OtherResidualIntangibleAssets 2024-12-31 10928873 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 10928873 frs-core:OtherResidualIntangibleAssets 2023-12-31 10928873 frs-core:PlantMachinery 2024-12-31 10928873 frs-core:PlantMachinery 2024-01-01 2024-12-31 10928873 frs-core:PlantMachinery 2023-12-31 10928873 frs-core:WithinOneYear 2024-12-31 10928873 frs-core:ShareCapital 2024-12-31 10928873 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10928873 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10928873 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10928873 frs-bus:SmallEntities 2024-01-01 2024-12-31 10928873 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10928873 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10928873 frs-bus:Director1 2024-01-01 2024-12-31 10928873 frs-bus:Director2 2024-01-01 2024-12-31 10928873 frs-countries:EnglandWales 2024-01-01 2024-12-31 10928873 2022-12-31 10928873 2023-12-31 10928873 2023-01-01 2023-12-31 10928873 frs-core:CurrentFinancialInstruments 2023-12-31 10928873 frs-core:Non-currentFinancialInstruments 2023-12-31 10928873 frs-core:BetweenOneFiveYears 2023-12-31 10928873 frs-core:WithinOneYear 2023-12-31 10928873 frs-core:ShareCapital 2023-12-31 10928873 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10928873
Fairview Europe Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
C&H Stedman
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10928873
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 25,152 13,242
Tangible Assets 5 177,152 143,287
202,304 156,529
CURRENT ASSETS
Stocks 6 780,381 786,578
Debtors 7 1,040,429 4,549,561
Cash at bank and in hand 30,019 121,978
1,850,829 5,458,117
Creditors: Amounts Falling Due Within One Year 8 (1,528,374 ) (3,893,917 )
NET CURRENT ASSETS (LIABILITIES) 322,455 1,564,200
TOTAL ASSETS LESS CURRENT LIABILITIES 524,759 1,720,729
Creditors: Amounts Falling Due After More Than One Year 9 (21,494 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (44,288 ) (35,822 )
NET ASSETS 458,977 1,684,907
CAPITAL AND RESERVES
Called up share capital 11 120 120
Profit and Loss Account 458,857 1,684,787
SHAREHOLDERS' FUNDS 458,977 1,684,907
Page 1
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 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 A Lamming
Director
12 August 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
Fairview Europe Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10928873 . The registered office is Dunball House Woodlands Court Business Park, Bristol Road, Bridgwater, Somerset, TA6 4FJ.
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, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relates to computer software. It is amortised to profit and loss account over its estimated economic life of ten years.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets relate to trademarks. It is amortised to the profit and loss account over its estimated economic life of ten years.
2.5. 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 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 25% reducing balance
2.6. 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.
2.7. 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.
2.8. 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
Page 3
Page 4
2.8. 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
The average number of employees during the year was 18 (2023: 21)
18 21
4. Intangible Assets
Other Intellectual Property Total
£ £ £
Cost
As at 1 January 2024 11,103 7,250 18,353
Additions 15,273 - 15,273
As at 31 December 2024 26,376 7,250 33,626
Amortisation
As at 1 January 2024 3,540 1,571 5,111
Provided during the period 2,638 725 3,363
As at 31 December 2024 6,178 2,296 8,474
Net Book Value
As at 31 December 2024 20,198 4,954 25,152
As at 1 January 2024 7,563 5,679 13,242
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 166,304 133,819 25,360 11,085 336,568
Additions - 72,000 7,782 5,923 85,705
Disposals - (56,430 ) - - (56,430 )
As at 31 December 2024 166,304 149,389 33,142 17,008 365,843
Depreciation
As at 1 January 2024 98,686 78,084 11,335 5,176 193,281
Provided during the period 16,951 18,993 2,432 2,167 40,543
Disposals - (45,133 ) - - (45,133 )
As at 31 December 2024 115,637 51,944 13,767 7,343 188,691
Net Book Value
As at 31 December 2024 50,667 97,445 19,375 9,665 177,152
As at 1 January 2024 67,618 55,735 14,025 5,909 143,287
Page 4
Page 5
6. Stocks
2024 2023
£ £
Stock 780,381 786,578
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 936,984 4,430,964
Other debtors 103,445 118,597
1,040,429 4,549,561
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 37,388 -
Trade creditors 423,193 306,158
Other creditors 806,601 2,558,342
Taxation and social security 261,192 1,029,417
1,528,374 3,893,917
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 21,494 -
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 37,388 -
Later than one year and not later than five years 21,494 -
58,882 -
58,882 -
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 120 120
Page 5
Page 6
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 85,000 85,000
Later than one year and not later than five years - 85,000
85,000 170,000
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