Acorah Software Products - Accounts Production 16.5.460 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 05415828 Mr Jonathan Duff Mrs Wendy Austin Mr Charles Chappell Mrs Rosemary Smith Ms Mhairi Campbell Mr Nicholas Wallace iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05415828 2024-01-31 05415828 2025-01-31 05415828 2024-02-01 2025-01-31 05415828 frs-core:CurrentFinancialInstruments 2025-01-31 05415828 frs-core:FurnitureFittings 2025-01-31 05415828 frs-core:FurnitureFittings 2024-02-01 2025-01-31 05415828 frs-core:FurnitureFittings 2024-01-31 05415828 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-31 05415828 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-01 2025-01-31 05415828 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 05415828 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 05415828 frs-core:PlantMachinery 2024-02-01 2025-01-31 05415828 frs-core:OtherReservesSubtotal 2025-01-31 05415828 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 05415828 frs-bus:CompanyLimitedByGuarantee 2024-02-01 2025-01-31 05415828 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 05415828 frs-bus:SmallEntities 2024-02-01 2025-01-31 05415828 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 05415828 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 05415828 frs-bus:Director1 2024-02-01 2025-01-31 05415828 frs-bus:Director2 2024-02-01 2025-01-31 05415828 frs-bus:Director3 2024-02-01 2025-01-31 05415828 frs-bus:Director4 2024-02-01 2025-01-31 05415828 frs-bus:Director5 2024-02-01 2025-01-31 05415828 frs-bus:Director6 2024-02-01 2025-01-31 05415828 frs-countries:EnglandWales 2024-02-01 2025-01-31 05415828 2023-01-31 05415828 2024-01-31 05415828 2023-02-01 2024-01-31 05415828 frs-core:CurrentFinancialInstruments 2024-01-31 05415828 frs-core:OtherReservesSubtotal 2024-01-31 05415828 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 05415828
Sheringham Museum Norfolk Trust LTD
Unaudited Financial Statements
For The Year Ended 31 January 2025
Caroline Sands & Associates LLP
Chancellor Cottage
46 Holway Road
Sheringham
Norfolk
NR26 8HR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05415828
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,376,845 1,450,006
1,376,845 1,450,006
CURRENT ASSETS
Debtors 5 19,426 19,708
Cash at bank and in hand 171,484 147,302
190,910 167,010
Creditors: Amounts Falling Due Within One Year 6 (6,369 ) (1,375 )
NET CURRENT ASSETS (LIABILITIES) 184,541 165,635
TOTAL ASSETS LESS CURRENT LIABILITIES 1,561,386 1,615,641
NET ASSETS 1,561,386 1,615,641
RESERVES
Other reserves 1,119,295 1,119,295
Income and Expenditure Account 442,091 496,346
MEMBERS' FUNDS 1,561,386 1,615,641
Page 1
Page 2
For the year ending 31 January 2025 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 Income and Expenditure Account.
On behalf of the board
Mr Nicholas Wallace
Director
28/04/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sheringham Museum Norfolk Trust LTD is a private company, limited by guarantee, incorporated in England & Wales, registered number 05415828 . The registered office is The Mo, Lifeboat Plain, Sheringham, Norfolk, NR26 8BG.
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:
Freehold 15
Leasehold 15
Plant & Machinery 15
Fixtures & Fittings 15
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 1 3
1 3
Page 3
Page 4
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 February 2024 1,970,721 27,524 1,998,245
As at 31 January 2025 1,970,721 27,524 1,998,245
Depreciation
As at 1 February 2024 525,829 22,410 548,239
Provided during the period 72,245 916 73,161
As at 31 January 2025 598,074 23,326 621,400
Net Book Value
As at 31 January 2025 1,372,647 4,198 1,376,845
As at 1 February 2024 1,444,892 5,114 1,450,006
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 19,426 19,708
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 6,156 1,162
Other creditors 213 213
6,369 1,375
7. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 4