Acorah Software Products - Accounts Production 15.0.600 false true true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 08308205 Miss Julie Petges Mr Kevin Naveau Mr Kevin Naveau iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08308205 2022-11-30 08308205 2023-11-30 08308205 2022-12-01 2023-11-30 08308205 frs-core:ComputerEquipment 2022-12-01 2023-11-30 08308205 frs-core:MotorVehicles 2022-12-01 2023-11-30 08308205 frs-core:ShareCapital 2023-11-30 08308205 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 08308205 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08308205 frs-bus:AbridgedAccounts 2022-12-01 2023-11-30 08308205 frs-bus:SmallEntities 2022-12-01 2023-11-30 08308205 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 08308205 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 08308205 frs-bus:Director1 2022-12-01 2023-11-30 08308205 frs-bus:Director2 2022-12-01 2023-11-30 08308205 frs-bus:CompanySecretary1 2022-12-01 2023-11-30 08308205 frs-countries:EnglandWales 2022-12-01 2023-11-30 08308205 2021-11-30 08308205 2022-11-30 08308205 2021-12-01 2022-11-30 08308205 frs-core:ShareCapital 2022-11-30 08308205 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 08308205
I WAS HERE SOUVENIRS LTD
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 08308205
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,044 -
7,044 -
CURRENT ASSETS
Stocks 49,415 42,732
Debtors 48,977 43,537
Cash at bank and in hand 165,163 138,276
263,555 224,545
Creditors: Amounts Falling Due Within One Year (104,516 ) (142,051 )
NET CURRENT ASSETS (LIABILITIES) 159,039 82,494
TOTAL ASSETS LESS CURRENT LIABILITIES 166,083 82,494
NET ASSETS 166,083 82,494
CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and Loss Account 166,082 82,493
SHAREHOLDERS' FUNDS 166,083 82,494
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For the year ending 30 November 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 November 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Kevin Naveau
Director
03/06/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
I WAS HERE SOUVENIRS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 08308205 . The registered office is Unit 401, 89 Bickersteth Road, London, SW17 9SH.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the director has reasonable expectation that the company has
adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to
adopt the going concern basis of accounting in preparing the financial statements.
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. 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.
2.4. 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:
Motor Vehicles Reducing balance over 5 years
Computer Equipment Straight line over 3 years
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. 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 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.
2.8. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 1)
2 1
4. Tangible Assets
Total
£
Cost
As at 1 December 2022 7,493
Additions 9,033
As at 30 November 2023 16,526
Depreciation
As at 1 December 2022 7,493
Provided during the period 1,989
As at 30 November 2023 9,482
Net Book Value
As at 30 November 2023 7,044
As at 1 December 2022 -
5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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