Acorah Software Products - Accounts Production 14.5.601 false true true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 09127741 Mr Robert Gordon Miss Julia Hanley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09127741 2022-07-31 09127741 2023-07-31 09127741 2022-08-01 2023-07-31 09127741 frs-core:CurrentFinancialInstruments 2023-07-31 09127741 frs-core:Non-currentFinancialInstruments 2023-07-31 09127741 frs-core:NetGoodwill 2023-07-31 09127741 frs-core:NetGoodwill 2022-08-01 2023-07-31 09127741 frs-core:NetGoodwill 2022-07-31 09127741 frs-core:PlantMachinery 2023-07-31 09127741 frs-core:PlantMachinery 2022-08-01 2023-07-31 09127741 frs-core:PlantMachinery 2022-07-31 09127741 frs-core:WithinOneYear 2023-07-31 09127741 frs-core:ShareCapital 2023-07-31 09127741 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 09127741 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09127741 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 09127741 frs-bus:SmallEntities 2022-08-01 2023-07-31 09127741 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 09127741 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 09127741 frs-bus:Director1 2022-08-01 2023-07-31 09127741 frs-bus:Director1 2022-07-31 09127741 frs-bus:Director1 2023-07-31 09127741 frs-bus:Director2 2022-08-01 2023-07-31 09127741 frs-countries:EnglandWales 2022-08-01 2023-07-31 09127741 2021-07-31 09127741 2022-07-31 09127741 2021-08-01 2022-07-31 09127741 frs-core:CurrentFinancialInstruments 2022-07-31 09127741 frs-core:Non-currentFinancialInstruments 2022-07-31 09127741 frs-core:BetweenOneFiveYears 2022-07-31 09127741 frs-core:WithinOneYear 2022-07-31 09127741 frs-core:ShareCapital 2022-07-31 09127741 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 09127741
Fella Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Accountancy Matters (Kent) Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09127741
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,400 4,200
Tangible Assets 5 1,140 318
3,540 4,518
CURRENT ASSETS
Stocks 6 675 700
Debtors 7 6,723 28,050
Cash at bank and in hand 15,995 9,173
23,393 37,923
Creditors: Amounts Falling Due Within One Year 8 (34,094 ) (27,326 )
NET CURRENT ASSETS (LIABILITIES) (10,701 ) 10,597
TOTAL ASSETS LESS CURRENT LIABILITIES (7,161 ) 15,115
Creditors: Amounts Falling Due After More Than One Year 9 (19,444 ) (22,778 )
NET LIABILITIES (26,605 ) (7,663 )
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account (26,705 ) (7,763 )
SHAREHOLDERS' FUNDS (26,605) (7,663)
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For the year ending 31 July 2023 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 Robert Gordon
Director
24/04/2024
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
Fella Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09127741 . The registered office is 19 The Borough, Canterbury, Kent, CT1 2DR.
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
At the balance sheet date the company had net liabilities, but the founding Director is continuing to financially support the company and he is satisfied that the accounts should be prepared on a going concern basis and is expected to stay profitable.
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. 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 10  years.
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:
Plant & Machinery 25% on cost
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2.6. 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 profit and loss account as incurred.
2.7. 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.
2.8. 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 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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 7)
6 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2022 18,000
As at 31 July 2023 18,000
Amortisation
As at 1 August 2022 13,800
Provided during the period 1,800
As at 31 July 2023 15,600
Net Book Value
As at 31 July 2023 2,400
As at 1 August 2022 4,200
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5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 August 2022 15,390
Additions 1,334
Disposals (1,125 )
As at 31 July 2023 15,599
Depreciation
As at 1 August 2022 15,072
Provided during the period 512
Disposals (1,125 )
As at 31 July 2023 14,459
Net Book Value
As at 31 July 2023 1,140
As at 1 August 2022 318
6. Stocks
2023 2022
£ £
Stock 675 700
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 828 945
Other debtors 5,895 27,105
6,723 28,050
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8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 1,310
Trade creditors 991 861
Bank loans and overdrafts 3,333 3,333
Other creditors 17,491 7,495
Taxation and social security 12,279 14,327
34,094 27,326
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 19,444 22,778
10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 1,310
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 8,700 8,700
Later than one year and not later than five years - 8,700
8,700 17,400
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2022 Amounts advanced Amounts repaid Amounts written off As at 31 July 2023
£ £ £ £ £
Mr Robert Gordon 27,105 3,287 (28,215 ) - 2,177
The above loan is unsecured and repayable on demand. the company charged the director interest of £305 (2022 - £242) for the year under review.
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