Acorah Software Products - Accounts Production 16.5.460 false true 30 September 2023 1 October 2022 false 1 October 2023 29 September 2024 29 September 2024 08222882 Ms Helen David-Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08222882 2023-09-30 08222882 2024-09-29 08222882 2023-10-01 2024-09-29 08222882 frs-core:CurrentFinancialInstruments 2024-09-29 08222882 frs-core:Non-currentFinancialInstruments 2024-09-29 08222882 frs-core:ComputerEquipment 2024-09-29 08222882 frs-core:ComputerEquipment 2023-10-01 2024-09-29 08222882 frs-core:ComputerEquipment 2023-09-30 08222882 frs-core:MotorVehicles 2024-09-29 08222882 frs-core:MotorVehicles 2023-10-01 2024-09-29 08222882 frs-core:MotorVehicles 2023-09-30 08222882 frs-core:WithinOneYear 2024-09-29 08222882 frs-core:ShareCapital 2024-09-29 08222882 frs-core:RetainedEarningsAccumulatedLosses 2024-09-29 08222882 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-29 08222882 frs-bus:FilletedAccounts 2023-10-01 2024-09-29 08222882 frs-bus:SmallEntities 2023-10-01 2024-09-29 08222882 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-29 08222882 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-29 08222882 frs-bus:Director1 2023-10-01 2024-09-29 08222882 frs-bus:Director1 2023-09-30 08222882 frs-bus:Director1 2024-09-29 08222882 frs-countries:EnglandWales 2023-10-01 2024-09-29 08222882 2022-09-30 08222882 2023-09-30 08222882 2022-10-01 2023-09-30 08222882 frs-core:CurrentFinancialInstruments 2023-09-30 08222882 frs-core:Non-currentFinancialInstruments 2023-09-30 08222882 frs-core:WithinOneYear 2023-09-30 08222882 frs-core:ShareCapital 2023-09-30 08222882 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 08222882
Glenwood Flooring & Carpets Limited
Unaudited Financial Statements
For The Year Ended 29 September 2024
Stiletto Accounting Services Ltd
3 Downs Cote Gardens
Bristol
Somerset
BS9 3TT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08222882
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,996 -
2,996 -
CURRENT ASSETS
Debtors 5 4,161 20,489
Cash at bank and in hand 800 2,047
4,961 22,536
Creditors: Amounts Falling Due Within One Year 6 (16,243 ) (29,507 )
NET CURRENT ASSETS (LIABILITIES) (11,282 ) (6,971 )
TOTAL ASSETS LESS CURRENT LIABILITIES (8,286 ) (6,971 )
Creditors: Amounts Falling Due After More Than One Year 7 (6,741 ) (8,185 )
NET LIABILITIES (15,027 ) (15,156 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (15,127 ) (15,256 )
SHAREHOLDERS' FUNDS (15,027) (15,156)
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Page 2
For the year ending 29 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Ms Helen David-Smith
Director
27/09/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Glenwood Flooring & Carpets Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08222882 . The registered office is The Apex, 2 Sheriffs Orchard, Coventry, West Midlands, CV1 3PP.
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:
Motor Vehicles 25% Reducing Balance
Computer Equipment 20% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
3. Average Number of Employees
0Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 October 2023 7,950 153 8,103
Additions 3,995 - 3,995
As at 29 September 2024 11,945 153 12,098
...CONTINUED
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Depreciation
As at 1 October 2023 7,950 153 8,103
Provided during the period 999 - 999
As at 29 September 2024 8,949 153 9,102
Net Book Value
As at 29 September 2024 2,996 - 2,996
As at 1 October 2023 - - -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 304 457
Other debtors 3,087 3,087
Director's loan account 770 16,945
4,161 20,489
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,043 -
Trade creditors 1,349 13,223
Bank loans and overdrafts 1,444 1,883
Corporation tax 3,087 3,087
VAT 4,818 6,630
Accruals and deferred income 4,502 4,684
16,243 29,507
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,741 8,185
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,043 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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10. 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 29 September 2024
£ £ £ £ £
Ms Helen David-Smith 16,945 2,105 (18,290 ) - 769
The above loan is unsecured, interest free and repayable on demand.
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