Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10421727 Mr A J Ball Mr E A De Oliveira iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10421727 2023-03-31 10421727 2024-03-31 10421727 2023-04-01 2024-03-31 10421727 frs-core:CurrentFinancialInstruments 2024-03-31 10421727 frs-core:Non-currentFinancialInstruments 2024-03-31 10421727 frs-core:ComputerEquipment 2023-04-01 2024-03-31 10421727 frs-core:FurnitureFittings 2023-04-01 2024-03-31 10421727 frs-core:NetGoodwill 2024-03-31 10421727 frs-core:NetGoodwill 2023-04-01 2024-03-31 10421727 frs-core:NetGoodwill 2023-03-31 10421727 frs-core:PlantMachinery 2024-03-31 10421727 frs-core:PlantMachinery 2023-04-01 2024-03-31 10421727 frs-core:PlantMachinery 2023-03-31 10421727 frs-core:WithinOneYear 2024-03-31 10421727 frs-core:ShareCapital 2024-03-31 10421727 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10421727 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10421727 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10421727 frs-bus:SmallEntities 2023-04-01 2024-03-31 10421727 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10421727 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10421727 frs-bus:Director1 2023-04-01 2024-03-31 10421727 frs-bus:Director2 2023-04-01 2024-03-31 10421727 frs-countries:EnglandWales 2023-04-01 2024-03-31 10421727 2022-03-31 10421727 2023-03-31 10421727 2022-04-01 2023-03-31 10421727 frs-core:CurrentFinancialInstruments 2023-03-31 10421727 frs-core:Non-currentFinancialInstruments 2023-03-31 10421727 frs-core:BetweenOneFiveYears 2023-03-31 10421727 frs-core:WithinOneYear 2023-03-31 10421727 frs-core:ShareCapital 2023-03-31 10421727 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10421727
Oliveira Hair Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10421727
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 1
Tangible Assets 5 614 1,681
615 1,682
CURRENT ASSETS
Stocks 3,770 6,301
Debtors 6 5,180 4,898
Cash at bank and in hand 4,250 6,054
13,200 17,253
Creditors: Amounts Falling Due Within One Year 7 (9,526 ) (8,624 )
NET CURRENT ASSETS (LIABILITIES) 3,674 8,629
TOTAL ASSETS LESS CURRENT LIABILITIES 4,289 10,311
Creditors: Amounts Falling Due After More Than One Year 8 (2,498 ) (4,076 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (117 ) (319 )
NET ASSETS 1,674 5,916
CAPITAL AND RESERVES
Called up share capital 10 10
Profit and Loss Account 1,664 5,906
SHAREHOLDERS' FUNDS 1,674 5,916
Page 1
Page 2
For the year ending 31 March 2024 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 A J Ball
Director
Mr E A De Oliveira
Director
17/07/2024
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
Oliveira Hair Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10421727 . The registered office is 138 Grange Road, Ramsgate, Kent, CT11 9PR.
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.
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 five 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% of cost
Computer Equipment 33% of cost
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. 
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 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.
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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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 assets reflect 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 20,001
As at 31 March 2024 20,001
Amortisation
As at 1 April 2023 20,000
As at 31 March 2024 20,000
Net Book Value
As at 31 March 2024 1
As at 1 April 2023 1
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2023 15,434
Disposals (4,500 )
As at 31 March 2024 10,934
Depreciation
As at 1 April 2023 13,753
Provided during the period 1,067
Disposals (4,500 )
As at 31 March 2024 10,320
...CONTINUED
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Net Book Value
As at 31 March 2024 614
As at 1 April 2023 1,681
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,386 3,378
Other debtors 1,794 1,520
5,180 4,898
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,622 634
Bank loans and overdrafts 1,578 1,578
Other creditors 1,764 1,316
Taxation and social security 3,562 5,096
9,526 8,624
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,498 4,076
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 9,675 10,750
Later than one year and not later than five years - 8,063
9,675 18,813
10. Related Party Transactions
The company pays rent for a shop to a third party landlord, however the lease is in the name of the company's directors rather than in the name of the company.  Payments are made to the landlord directly by the company and are in accordance with the lease.
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