Acorah Software Products - Accounts Production 15.0.500 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 09252224 Mrs Karen Davies iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09252224 2022-10-31 09252224 2023-10-31 09252224 2022-11-01 2023-10-31 09252224 frs-core:CurrentFinancialInstruments 2023-10-31 09252224 frs-core:Non-currentFinancialInstruments 2023-10-31 09252224 frs-core:ComputerEquipment 2023-10-31 09252224 frs-core:ComputerEquipment 2022-11-01 2023-10-31 09252224 frs-core:ComputerEquipment 2022-10-31 09252224 frs-core:FurnitureFittings 2023-10-31 09252224 frs-core:FurnitureFittings 2022-11-01 2023-10-31 09252224 frs-core:FurnitureFittings 2022-10-31 09252224 frs-core:NetGoodwill 2023-10-31 09252224 frs-core:NetGoodwill 2022-11-01 2023-10-31 09252224 frs-core:NetGoodwill 2022-10-31 09252224 frs-core:ShareCapital 2023-10-31 09252224 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09252224 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09252224 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 09252224 frs-bus:SmallEntities 2022-11-01 2023-10-31 09252224 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09252224 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09252224 frs-bus:Director1 2022-11-01 2023-10-31 09252224 frs-bus:Director1 2022-10-31 09252224 frs-bus:Director1 2023-10-31 09252224 frs-countries:EnglandWales 2022-11-01 2023-10-31 09252224 2021-10-31 09252224 2022-10-31 09252224 2021-11-01 2022-10-31 09252224 frs-core:CurrentFinancialInstruments 2022-10-31 09252224 frs-core:Non-currentFinancialInstruments 2022-10-31 09252224 frs-core:ShareCapital 2022-10-31 09252224 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 09252224
Blonde Ambition (Wales) Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
James Khan
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09252224
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,637 2,170
1,637 2,170
CURRENT ASSETS
Stocks 6 400 405
Debtors 7 21,020 28,745
Cash at bank and in hand 3,204 5,180
24,624 34,330
Creditors: Amounts Falling Due Within One Year 8 (25,482 ) (25,702 )
NET CURRENT ASSETS (LIABILITIES) (858 ) 8,628
TOTAL ASSETS LESS CURRENT LIABILITIES 779 10,798
Creditors: Amounts Falling Due After More Than One Year 9 (6,766 ) (10,718 )
NET (LIABILITIES)/ASSETS (5,987 ) 80
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (6,087 ) (20 )
SHAREHOLDERS' FUNDS (5,987) 80
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For the year ending 31 October 2023 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
Mrs Karen Davies
Director
29/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Blonde Ambition (Wales) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09252224 . The registered office is The Embassy, 389 Newport Road, Cardiff, CF24 1TP.
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. 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 .... 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:
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% 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.
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.
Current 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 tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
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4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 10,000
As at 31 October 2023 10,000
Amortisation
As at 1 November 2022 10,000
As at 31 October 2023 10,000
Net Book Value
As at 31 October 2023 -
As at 1 November 2022 -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2022 12,401 297 12,698
As at 31 October 2023 12,401 297 12,698
Depreciation
As at 1 November 2022 10,261 267 10,528
Provided during the period 526 7 533
As at 31 October 2023 10,787 274 11,061
Net Book Value
As at 31 October 2023 1,614 23 1,637
As at 1 November 2022 2,140 30 2,170
6. Stocks
2023 2022
£ £
Finished goods 400 405
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 473 -
Other debtors 20,547 28,745
21,020 28,745
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8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 181 338
Bank loans and overdrafts 3,998 3,998
Other creditors 960 1,094
Taxation and social security 20,343 20,272
25,482 25,702
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 6,766 10,718
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2022 Amounts advanced Amounts repaid Amounts written off As at 31 October 2023
£ £ £ £ £
Mrs Karen Davies 21,657 - 6,129 - 15,528
At the balance sheet date, the company was owed £15,528 from the director. Interest is being charged on this loan at HMRC approved rates. 
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