Acorah Software Products - Accounts Production 15.0.600 false true true 31 March 2023 31 March 2022 false 1 April 2023 31 March 2024 31 March 2024 04982963 Mr Robert John Haworth Mr Ian Martin Potter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04982963 2023-03-31 04982963 2024-03-31 04982963 2023-04-01 2024-03-31 04982963 frs-core:CurrentFinancialInstruments 2024-03-31 04982963 frs-core:PlantMachinery 2024-03-31 04982963 frs-core:PlantMachinery 2023-04-01 2024-03-31 04982963 frs-core:PlantMachinery 2023-03-31 04982963 frs-core:ShareCapital 2024-03-31 04982963 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04982963 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04982963 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04982963 frs-bus:SmallEntities 2023-04-01 2024-03-31 04982963 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04982963 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04982963 frs-bus:Director1 2023-04-01 2024-03-31 04982963 frs-bus:Director1 2023-03-31 04982963 frs-bus:Director1 2024-03-31 04982963 frs-bus:Director2 2023-04-01 2024-03-31 04982963 frs-bus:Director2 2023-03-31 04982963 frs-bus:Director2 2024-03-31 04982963 frs-countries:EnglandWales 2023-04-01 2024-03-31 04982963 2022-03-30 04982963 2023-03-31 04982963 2022-03-31 2023-03-31 04982963 frs-core:CurrentFinancialInstruments 2023-03-31 04982963 frs-core:ShareCapital 2023-03-31 04982963 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 04982963
A Quick Release (Holidays) 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: 04982963
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,274 1,977
2,274 1,977
CURRENT ASSETS
Stocks 2,504 -
Debtors 5 93 -
Cash at bank and in hand 1,172 -
3,769 -
Creditors: Amounts Falling Due Within One Year 6 (17,312 ) (11,252 )
NET CURRENT ASSETS (LIABILITIES) (13,543 ) (11,252 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,269 ) (9,275 )
NET LIABILITIES (11,269 ) (9,275 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (11,270 ) (9,276 )
SHAREHOLDERS' FUNDS (11,269) (9,275)
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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 Robert John Haworth
Director
27 August 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
A Quick Release (Holidays) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04982963 . The registered office is 5 Ribblesdale Place, Preston, PR1 8BZ.
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
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
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. 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 and equipment 33% on 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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Fixtures, fittings and equipment
£
Cost
As at 1 April 2023 5,342
Additions 2,687
As at 31 March 2024 8,029
Depreciation
As at 1 April 2023 3,365
Provided during the period 2,390
As at 31 March 2024 5,755
Net Book Value
As at 31 March 2024 2,274
As at 1 April 2023 1,977
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 93 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 17,312 11,252
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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8. Directors Advances, Credits and Guarantees
Included within creditors are the following loans from directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Robert Haworth 289 (613 ) 16,016 - 15,692
Mr Ian Potter 10,003 (10,003 ) - - -
9. Related Party Transactions
The company was controlled by Mr. Ian Martin Potter until 31st August 2023 after which time it was under the control of Mr. Robert John Haworth.
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