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 04353833 Mr Gregory Freer Mr David Hassall Mr Barry Grantham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04353833 2023-12-31 04353833 2024-12-31 04353833 2024-01-01 2024-12-31 04353833 frs-core:CurrentFinancialInstruments 2024-12-31 04353833 frs-core:ComputerEquipment 2024-01-01 2024-12-31 04353833 frs-core:NetGoodwill 2024-12-31 04353833 frs-core:NetGoodwill 2024-01-01 2024-12-31 04353833 frs-core:NetGoodwill 2023-12-31 04353833 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 04353833 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04353833 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 04353833 frs-core:MotorVehicles 2024-12-31 04353833 frs-core:MotorVehicles 2024-01-01 2024-12-31 04353833 frs-core:MotorVehicles 2023-12-31 04353833 frs-core:PlantMachinery 2024-12-31 04353833 frs-core:PlantMachinery 2024-01-01 2024-12-31 04353833 frs-core:PlantMachinery 2023-12-31 04353833 frs-core:ShareCapital 2024-12-31 04353833 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04353833 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04353833 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04353833 frs-bus:SmallEntities 2024-01-01 2024-12-31 04353833 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04353833 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04353833 frs-bus:Director1 2024-01-01 2024-12-31 04353833 frs-bus:Director2 2024-01-01 2024-12-31 04353833 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 04353833 frs-core:CurrentFinancialInstruments 2 2024-12-31 04353833 frs-countries:EnglandWales 2024-01-01 2024-12-31 04353833 2022-12-31 04353833 2023-12-31 04353833 2023-01-01 2023-12-31 04353833 frs-core:CurrentFinancialInstruments 2023-12-31 04353833 frs-core:ShareCapital 2023-12-31 04353833 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04353833 frs-core:CurrentFinancialInstruments 2 2023-12-31
Registered number: 04353833
Stocks Lane Nurseries Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
CJ O'Brien and Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04353833
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 299,891 347,149
299,891 347,149
CURRENT ASSETS
Stocks 6 117,733 117,830
Debtors 7 125,684 76,316
Cash at bank and in hand 942,669 827,867
1,186,086 1,022,013
Creditors: Amounts Falling Due Within One Year 8 (301,469 ) (419,904 )
NET CURRENT ASSETS (LIABILITIES) 884,617 602,109
TOTAL ASSETS LESS CURRENT LIABILITIES 1,184,508 949,258
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (73,076 ) (63,660 )
NET ASSETS 1,111,432 885,598
CAPITAL AND RESERVES
Called up share capital 10 90 90
Profit and Loss Account 1,111,342 885,508
SHAREHOLDERS' FUNDS 1,111,432 885,598
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 Gregory Freer
Director
28 February 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Stocks Lane Nurseries Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04353833 . The registered office is 11 Stocks Lane, Over Peover, Knutsford, Cheshire, WA16 9EZ.
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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business in 2010 and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years and is now fully written down.
2.4. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. 
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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:
Freehold 5% on cost
Plant & Machinery 20% on cost
Motor Vehicles 25% on cost
Computer Equipment 25% on cost
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.
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 year 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
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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 asset reflects 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.
2.9. Pensions
The company does not operates its own defined pension contribution scheme but makes contributions to the personal pension schemes of the directors. When the Company does make such contributions, they are charged to the profit and loss account in the period in which they were paid.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2023: 25)
19 25
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 250,000
As at 31 December 2024 250,000
Amortisation
As at 1 January 2024 250,000
As at 31 December 2024 250,000
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 January 2024 610,447 569,139 89,182 1,268,768
Additions - 845 - 845
Disposals - - (3,600 ) (3,600 )
As at 31 December 2024 610,447 569,984 85,582 1,266,013
Depreciation
As at 1 January 2024 316,090 521,060 84,469 921,619
Provided during the period 27,911 17,836 2,356 48,103
Disposals - - (3,600 ) (3,600 )
As at 31 December 2024 344,001 538,896 83,225 966,122
...CONTINUED
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Page 5
Net Book Value
As at 31 December 2024 266,446 31,088 2,357 299,891
As at 1 January 2024 294,357 48,079 4,713 347,149
6. Stocks
2024 2023
£ £
Stock 117,733 117,830
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 119,601 50,881
Prepayments and accrued income 1,950 -
VAT 4,133 25,435
125,684 76,316
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 62,044 104,115
Corporation tax 105,451 16,770
Other taxes and social security 4,216 4,638
Net wages - 473
Other creditors - 7,606
Pension contributions 994 1,080
Accruals and deferred income 4,830 11,445
Directors' loan accounts 123,934 273,777
301,469 419,904
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 73,076 63,660
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 90 90
11. Related Party Transactions
The Company owed the directors £49,709 and £74,226 respectively at the year end. The loans are repayable on demand and the Company has not been charged interest on the loans by the directors.
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