Acorah Software Products - Accounts Production 16.5.460 false true true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 01744064 Mr Nicholas Csukas Mr Simon Csukas Mrs Brenda Csukas Mr Carl Csukas Mr Simon Csukas iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01744064 2023-09-30 01744064 2024-09-30 01744064 2023-10-01 2024-09-30 01744064 frs-core:CurrentFinancialInstruments 2024-09-30 01744064 frs-core:FurnitureFittings 2024-09-30 01744064 frs-core:FurnitureFittings 2023-10-01 2024-09-30 01744064 frs-core:FurnitureFittings 2023-09-30 01744064 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 01744064 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 01744064 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 01744064 frs-core:MotorVehicles 2024-09-30 01744064 frs-core:MotorVehicles 2023-10-01 2024-09-30 01744064 frs-core:MotorVehicles 2023-09-30 01744064 frs-core:PlantMachinery 2024-09-30 01744064 frs-core:PlantMachinery 2023-10-01 2024-09-30 01744064 frs-core:PlantMachinery 2023-09-30 01744064 frs-core:ShareCapital 2024-09-30 01744064 frs-core:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 01744064 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 01744064 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01744064 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 01744064 frs-bus:SmallEntities 2023-10-01 2024-09-30 01744064 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 01744064 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 01744064 frs-core:AcceleratedTaxDepreciationDeferredTax 2024-09-30 01744064 frs-bus:Director1 2023-10-01 2024-09-30 01744064 frs-bus:Director2 2023-10-01 2024-09-30 01744064 frs-bus:Director3 2023-10-01 2024-09-30 01744064 frs-bus:Director3 2023-09-30 01744064 frs-bus:Director3 2024-09-30 01744064 frs-bus:Director4 2023-10-01 2024-09-30 01744064 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 01744064 frs-countries:EnglandWales 2023-10-01 2024-09-30 01744064 2022-09-30 01744064 2023-09-30 01744064 2022-10-01 2023-09-30 01744064 frs-core:CurrentFinancialInstruments 2023-09-30 01744064 frs-core:ShareCapital 2022-09-30 01744064 frs-core:ShareCapital 2023-09-30 01744064 frs-core:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 01744064 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-09-30 01744064 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 01744064 frs-core:AcceleratedTaxDepreciationDeferredTax 2023-09-30
Registered number: 01744064
General Furnishing Co. Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 01744064
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,117,329 752,160
1,117,329 752,160
CURRENT ASSETS
Stocks 5 500 750
Debtors 6 54,340 534,088
Investments 7 190,093 190,093
Cash at bank and in hand 418,480 264,370
663,413 989,301
Creditors: Amounts Falling Due Within One Year 8 (56,695 ) (47,725 )
NET CURRENT ASSETS (LIABILITIES) 606,718 941,576
TOTAL ASSETS LESS CURRENT LIABILITIES 1,724,047 1,693,736
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (442 ) (410 )
NET ASSETS 1,723,605 1,693,326
CAPITAL AND RESERVES
Called up share capital 10 10,000 10,000
Profit and Loss Account 1,713,605 1,683,326
SHAREHOLDERS' FUNDS 1,723,605 1,693,326
Page 1
Page 2
For the year ending 30 September 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 Simon Csukas
Director
26 September 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 October 2022 10,000 1,655,667 1,665,667
Profit for the year and total comprehensive income - 27,659 27,659
As at 30 September 2023 and 1 October 2023 10,000 1,683,326 1,693,326
Profit for the year and total comprehensive income - 30,279 30,279
As at 30 September 2024 10,000 1,713,605 1,723,605
Page 3
Page 4
Notes to the Financial Statements
1. General Information
General Furnishing Co. Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01744064 . The registered office is Unit 4 Weekin Works 112 - 116 Park Hill Road, Harborne, Birmingham, West Midlands, B17 9HD.
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.
Thew presentation currency is the Great Britsh pound £.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 rental of office units and shown within other operating income. Any rental paid in advance is shown as deferred income within creditors due within one year.
2.4. 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 0%
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
No depreciation has been provided on freehold property as the asset is recorded at cost and the open market value is anticipated to exceed the cost of the freehold property.
2.5. 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.
2.6. 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.
...CONTINUED
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2.6. Taxation - continued
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.
2.7. Investments
Investments are held for resale and shown within current assets. Investments are shown as the lower of cost and net realisable value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 October 2023 750,005 23,788 27,565 51,077 852,435
Additions 365,500 - - - 365,500
As at 30 September 2024 1,115,505 23,788 27,565 51,077 1,217,935
Depreciation
As at 1 October 2023 - 23,098 27,470 49,707 100,275
Provided during the period - 106 17 208 331
As at 30 September 2024 - 23,204 27,487 49,915 100,606
Net Book Value
As at 30 September 2024 1,115,505 584 78 1,162 1,117,329
As at 1 October 2023 750,005 690 95 1,370 752,160
Cost or valuation as at 30 September 2024 represented by:
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
At cost 1,115,505 23,788 27,565 51,077 1,217,935
1,115,505 23,788 27,565 51,077 1,217,935
On the 21 November 2024 the main property was valued by external property consultants at £1,570,000. An increase in valuation of £819,995. This will be reflected in the 2025 accounts.
5. Stocks
2024 2023
£ £
Stock 500 750
Page 5
Page 6
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 24,167 40,660
Other debtors 30,173 493,428
54,340 534,088
Included within Other debtors are prepayments amounting to £4,486 (2023: £4,916).
7. Current Asset Investments
2024 2023
£ £
Listed investments 190,093 190,093

The market value of listed investments was £ 264,912 (2023 - £ 224,278 )

8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 42,366 34,926
Taxation and social security 14,329 12,799
56,695 47,725
Included within Other creditors are Accruals and deferred income amounting to £37,865 (2023: £30,426).
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Accelerated capital allowances 442 410
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,000 10,000
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mrs Brenda Csukas 475,000 - 475,000 - -
The above loan is unsecured, interest free and repayable on demand. The loan was repaid on 6th December 2023.
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