Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 10422502 Mr Yashar Alani Mrs Sneha Alani iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10422502 2023-02-28 10422502 2024-02-28 10422502 2023-03-01 2024-02-28 10422502 frs-core:CurrentFinancialInstruments 2024-02-28 10422502 frs-core:NetGoodwill 2024-02-28 10422502 frs-core:NetGoodwill 2023-03-01 2024-02-28 10422502 frs-core:NetGoodwill 2023-02-28 10422502 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-28 10422502 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-28 10422502 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 10422502 frs-core:PlantMachinery 2024-02-28 10422502 frs-core:PlantMachinery 2023-03-01 2024-02-28 10422502 frs-core:PlantMachinery 2023-02-28 10422502 frs-core:ShareCapital 2024-02-28 10422502 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 10422502 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 10422502 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 10422502 frs-bus:SmallEntities 2023-03-01 2024-02-28 10422502 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 10422502 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 10422502 frs-bus:Director1 2023-03-01 2024-02-28 10422502 frs-bus:Director2 2023-03-01 2024-02-28 10422502 frs-countries:EnglandWales 2023-03-01 2024-02-28 10422502 2022-02-28 10422502 2023-02-28 10422502 2022-03-01 2023-02-28 10422502 frs-core:CurrentFinancialInstruments 2023-02-28 10422502 frs-core:ShareCapital 2023-02-28 10422502 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 10422502
Shoebury West Road Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10422502
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 329,000 427,700
Tangible Assets 5 37,126 42,583
366,126 470,283
CURRENT ASSETS
Stocks 6 41,499 39,954
Debtors 7 165,198 158,673
Cash at bank and in hand 61,752 22,885
268,449 221,512
Creditors: Amounts Falling Due Within One Year 8 (142,410 ) (134,305 )
NET CURRENT ASSETS (LIABILITIES) 126,039 87,207
TOTAL ASSETS LESS CURRENT LIABILITIES 492,165 557,490
NET ASSETS 492,165 557,490
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 492,065 557,390
SHAREHOLDERS' FUNDS 492,165 557,490
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Page 2
For the year ending 28 February 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 Yashar Alani
Director
21/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Shoebury West Road Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10422502 . The registered office is 4 Nutter Lane, London, E11 2HY.
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 receivable, net of discounts and value added taxes. Turnover includes revenue earned through a pharmacy retail store, with sale of goods being recognised at the point of sale and income from NHS recognised on an accruals basis.
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 10 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:
Leasehold Over the lease term
Plant & Machinery 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 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 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.
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.
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 asset reflects 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: 5 (2023: 4)
5 4
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4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 987,000
As at 28 February 2024 987,000
Amortisation
As at 1 March 2023 559,300
Provided during the period 98,700
As at 28 February 2024 658,000
Net Book Value
As at 28 February 2024 329,000
As at 1 March 2023 427,700
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 March 2023 56,425 16,794 73,219
As at 28 February 2024 56,425 16,794 73,219
Depreciation
As at 1 March 2023 20,105 10,531 30,636
Provided during the period 3,891 1,566 5,457
As at 28 February 2024 23,996 12,097 36,093
Net Book Value
As at 28 February 2024 32,429 4,697 37,126
As at 1 March 2023 36,320 6,263 42,583
6. Stocks
2024 2023
£ £
Finished goods 41,499 39,954
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 42,796 51,113
Prepayments and accrued income - 3,000
Other debtors 3,000 -
VAT 8,545 8,809
Amounts owed by group undertakings 110,857 95,751
165,198 158,673
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 75,187 79,199
Corporation tax 12,391 16,304
Other taxes and social security 155 305
Other creditors - 144
Accruals and deferred income 8,250 5,000
Amounts owed to group undertakings 91,881 40,143
Amounts owed to parent undertaking (45,454 ) (6,790 )
142,410 134,305
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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