Acorah Software Products - Accounts Production 14.5.601 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 07489416 Mr Zacharias Yiacoumi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07489416 2023-02-28 07489416 2024-02-28 07489416 2023-03-01 2024-02-28 07489416 frs-core:CurrentFinancialInstruments 2024-02-28 07489416 frs-core:FurnitureFittings 2024-02-28 07489416 frs-core:FurnitureFittings 2023-03-01 2024-02-28 07489416 frs-core:FurnitureFittings 2023-02-28 07489416 frs-core:NetGoodwill 2023-03-01 2024-02-28 07489416 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-28 07489416 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-28 07489416 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 07489416 frs-core:PlantMachinery 2024-02-28 07489416 frs-core:PlantMachinery 2023-03-01 2024-02-28 07489416 frs-core:PlantMachinery 2023-02-28 07489416 frs-core:ShareCapital 2024-02-28 07489416 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 07489416 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 07489416 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 07489416 frs-bus:SmallEntities 2023-03-01 2024-02-28 07489416 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 07489416 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 07489416 frs-bus:Director1 2023-03-01 2024-02-28 07489416 frs-core:CurrentFinancialInstruments 2 2024-02-28 07489416 frs-countries:EnglandWales 2023-03-01 2024-02-28 07489416 2022-02-28 07489416 2023-02-28 07489416 2022-03-01 2023-02-28 07489416 frs-core:CurrentFinancialInstruments 2023-02-28 07489416 frs-core:ShareCapital 2023-02-28 07489416 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 07489416 frs-core:CurrentFinancialInstruments 2 2023-02-28
Registered number: 07489416
Zach's Plaice Limited
Financial Statements
For The Year Ended 28 February 2024
Charles & Co.
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07489416
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 35,200
Tangible Assets 5 - 26,829
- 62,029
CURRENT ASSETS
Stocks 6 - 3,266
Debtors 7 271,924 267,814
Cash at bank and in hand 155,781 30,100
427,705 301,180
Creditors: Amounts Falling Due Within One Year 8 (153,759 ) (149,903 )
NET CURRENT ASSETS (LIABILITIES) 273,946 151,277
TOTAL ASSETS LESS CURRENT LIABILITIES 273,946 213,306
PROVISIONS FOR LIABILITIES
Deferred Taxation - (1,633 )
NET ASSETS 273,946 211,673
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 273,945 211,672
SHAREHOLDERS' FUNDS 273,946 211,673
Page 1
Page 2
For the year ending 28 February 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 Zacharias Yiacoumi
Director
17/04/2024
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
Zach's Plaice Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07489416 . The registered office is 77 High Street, Newport, Shropshire, TF10 7AU.
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.

2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
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 5% on cost
Plant & Machinery 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
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.
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was  3 (2023: 6)
3 6
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 March 2023 45,592 48,219 10,778 104,589
Disposals (45,592 ) - - (45,592 )
As at 28 February 2024 - 48,219 10,778 58,997
Depreciation
As at 1 March 2023 27,360 41,358 9,042 77,760
Provided during the period - 6,861 1,736 8,597
Disposals (27,360 ) - - (27,360 )
As at 28 February 2024 - 48,219 10,778 58,997
Net Book Value
As at 28 February 2024 - - - -
As at 1 March 2023 18,232 6,861 1,736 26,829
6. Stocks
2024 2023
£ £
Materials - 3,266
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 454
Yiacoumis Z Ltd 267,438 267,360
Corproration tax debtor 4,486 -
271,924 267,814
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax - 9,450
Other taxes and social security 368 351
VAT 2,784 9,112
Net wages - 553
Other creditors - 8
Accruals and deferred income 1,000 1,150
Director's loan account 149,607 129,279
153,759 149,903
Page 4
Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5