Acorah Software Products - Accounts Production 14.5.501 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 04489308 Mr L Michael B Jeans L M Jeans 13 The Cloisters, Stapehill Abbey, Wimborne Road West, Wimborne true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04489308 2023-01-31 04489308 2024-01-31 04489308 2023-02-01 2024-01-31 04489308 frs-core:CurrentFinancialInstruments 2024-01-31 04489308 frs-core:Non-currentFinancialInstruments 2024-01-31 04489308 frs-core:BetweenOneFiveYears 2024-01-31 04489308 frs-core:ComputerEquipment 2024-01-31 04489308 frs-core:ComputerEquipment 2023-02-01 2024-01-31 04489308 frs-core:ComputerEquipment 2023-01-31 04489308 frs-core:FurnitureFittings 2024-01-31 04489308 frs-core:FurnitureFittings 2023-02-01 2024-01-31 04489308 frs-core:FurnitureFittings 2023-01-31 04489308 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 04489308 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 04489308 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-31 04489308 frs-core:MoreThanFiveYears 2024-01-31 04489308 frs-core:MotorVehicles 2024-01-31 04489308 frs-core:MotorVehicles 2023-02-01 2024-01-31 04489308 frs-core:MotorVehicles 2023-01-31 04489308 frs-core:PlantMachinery 2024-01-31 04489308 frs-core:PlantMachinery 2023-02-01 2024-01-31 04489308 frs-core:PlantMachinery 2023-01-31 04489308 frs-core:WithinOneYear 2024-01-31 04489308 frs-core:ShareCapital 2024-01-31 04489308 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 04489308 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04489308 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 04489308 frs-bus:SmallEntities 2023-02-01 2024-01-31 04489308 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 04489308 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 04489308 1 2023-02-01 2024-01-31 04489308 frs-bus:Director1 2023-02-01 2024-01-31 04489308 frs-core:CurrentFinancialInstruments 1 2024-01-31 04489308 frs-core:CurrentFinancialInstruments 2 2024-01-31 04489308 frs-countries:EnglandWales 2023-02-01 2024-01-31 04489308 2022-01-31 04489308 2023-01-31 04489308 2022-02-01 2023-01-31 04489308 frs-core:CurrentFinancialInstruments 2023-01-31 04489308 frs-core:Non-currentFinancialInstruments 2023-01-31 04489308 frs-core:BetweenOneFiveYears 2023-01-31 04489308 frs-core:MoreThanFiveYears 2023-01-31 04489308 frs-core:WithinOneYear 2023-01-31 04489308 frs-core:ShareCapital 2023-01-31 04489308 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 04489308 frs-core:CurrentFinancialInstruments 1 2023-01-31 04489308 frs-core:CurrentFinancialInstruments 2 2023-01-31
Registered number: 04489308
Aivly Country Store Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Artema Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04489308
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 66,705 84,083
66,705 84,083
CURRENT ASSETS
Stocks 5 600,717 597,984
Debtors 6 30,219 36,654
Cash at bank and in hand 92,284 145,572
723,220 780,210
Creditors: Amounts Falling Due Within One Year 7 (321,486 ) (417,504 )
NET CURRENT ASSETS (LIABILITIES) 401,734 362,706
TOTAL ASSETS LESS CURRENT LIABILITIES 468,439 446,789
Creditors: Amounts Falling Due After More Than One Year 8 (85,721 ) (100,439 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,464 ) (14,061 )
NET ASSETS 367,254 332,289
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 367,154 332,189
SHAREHOLDERS' FUNDS 367,254 332,289
Page 1
Page 2
For the year ending 31 January 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 his 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 L Michael B Jeans
Director
03/04/2024
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
Aivly Country Store Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04489308 . The registered office is Crow Lane, Ringwood, Hampshire, BH24 3EA.
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. Going Concern Disclosure
The director has 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 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.
2.4. 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:
Leasehold Straight line over the life of the lease
Plant & Machinery 10% and 20% p.a. on a straight line basis
Motor Vehicles 20% p.a. on a straight line basis
Fixtures & Fittings 10% and 20% p.a. on a straight line basis
Computer Equipment 20% p.a. on a straight line basis
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 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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Page 4
2.6. 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.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 21 22
21 22
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 February 2023 130,980 70,573 - 50,134
Additions - - 10,490 -
As at 31 January 2024 130,980 70,573 10,490 50,134
Depreciation
As at 1 February 2023 111,291 37,933 - 32,451
Provided during the period 5,181 8,189 2,185 5,504
As at 31 January 2024 116,472 46,122 2,185 37,955
Net Book Value
As at 31 January 2024 14,508 24,451 8,305 12,179
As at 1 February 2023 19,689 32,640 - 17,683
Page 4
Page 5
Computer Equipment Total
£ £
Cost
As at 1 February 2023 42,486 294,173
Additions - 10,490
As at 31 January 2024 42,486 304,663
Depreciation
As at 1 February 2023 28,415 210,090
Provided during the period 6,809 27,868
As at 31 January 2024 35,224 237,958
Net Book Value
As at 31 January 2024 7,262 66,705
As at 1 February 2023 14,071 84,083
5. Stocks
2024 2023
£ £
Finished goods 600,717 597,984
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 11,333 16,640
Other debtors 18,886 20,014
30,219 36,654
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 165,057 141,092
Corporation tax 14,297 41,537
Other taxes and social security 6,921 6,268
VAT 53,071 43,443
Other creditors 4,605 3,515
Credit card 2,963 5,049
Pension fund 317 -
Accruals and deferred income 38,377 41,881
Director's loan account 22,049 14,521
Amounts owed to parent undertaking 13,829 120,198
321,486 417,504
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 85,721 100,439
85,721 100,439
The loan is unsecured, repayable on agreed terms and interest-bearing at 5%.
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 50,664 50,664
Later than one year and not later than five years 202,656 202,656
Later than five years 12,666 63,330
265,986 316,650
11. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Ethical Animal Group Limited . Ethical Animal Group Limited was incorporated in England & Wales. The ultimate controlling party is L M Jeans who controls 100% of the shares of Aivly Country Store Ltd .
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