Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 12293734 Mr Thomas Gent Miss Lucy Youngman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12293734 2023-02-28 12293734 2024-02-29 12293734 2023-03-01 2024-02-29 12293734 frs-core:CurrentFinancialInstruments 2024-02-29 12293734 frs-core:ComputerEquipment 2024-02-29 12293734 frs-core:ComputerEquipment 2023-03-01 2024-02-29 12293734 frs-core:ComputerEquipment 2023-02-28 12293734 frs-core:PlantMachinery 2024-02-29 12293734 frs-core:PlantMachinery 2023-03-01 2024-02-29 12293734 frs-core:PlantMachinery 2023-02-28 12293734 frs-core:ShareCapital 2024-02-29 12293734 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 12293734 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12293734 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 12293734 frs-bus:SmallEntities 2023-03-01 2024-02-29 12293734 frs-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 12293734 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 12293734 frs-bus:OrdinaryShareClass2 2023-03-01 2024-02-29 12293734 frs-bus:OrdinaryShareClass2 2024-02-29 12293734 frs-bus:OrdinaryShareClass3 2023-03-01 2024-02-29 12293734 frs-bus:OrdinaryShareClass3 2024-02-29 12293734 frs-core:DeferredTaxation 2023-03-01 2024-02-29 12293734 frs-core:DeferredTaxation 2023-02-28 12293734 frs-core:DeferredTaxation 2024-02-29 12293734 frs-bus:Director1 2023-03-01 2024-02-29 12293734 frs-bus:Director2 2023-03-01 2024-02-29 12293734 frs-countries:EnglandWales 2023-03-01 2024-02-29 12293734 2022-02-28 12293734 2023-02-28 12293734 2022-03-01 2023-02-28 12293734 frs-core:CurrentFinancialInstruments 2023-02-28 12293734 frs-core:ShareCapital 2023-02-28 12293734 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 12293734 frs-bus:OrdinaryShareClass2 2022-03-01 2023-02-28 12293734 frs-bus:OrdinaryShareClass3 2022-03-01 2023-02-28
Registered number: 12293734
Founder Creative Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Founder Creative Ltd For The Year Ended 29 February 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Founder Creative Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Founder Creative Ltd , as a body, in accordance with the terms of our engagement letter dated 21 June 2023. Our work has been undertaken solely to prepare for your approval the accounts of Founder Creative Ltd and state those matters that we have agreed to state to the directors of Founder Creative Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Founder Creative Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Founder Creative Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Founder Creative Ltd . You consider that Founder Creative Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Founder Creative Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
2nd September 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Balance Sheet
Registered number: 12293734
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,439 9,480
21,439 9,480
CURRENT ASSETS
Debtors 5 268,307 102,280
Cash at bank and in hand 562,716 572,562
831,023 674,842
Creditors: Amounts Falling Due Within One Year 6 (200,074 ) (119,953 )
NET CURRENT ASSETS (LIABILITIES) 630,949 554,889
TOTAL ASSETS LESS CURRENT LIABILITIES 652,388 564,369
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (5,360 ) (2,370 )
NET ASSETS 647,028 561,999
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 647,018 561,989
SHAREHOLDERS' FUNDS 647,028 561,999
Page 2
Page 3
For the year ending 29 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 Thomas Gent
Director
2nd September 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Founder Creative Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12293734 . The registered office is Didsbury Business Centre, Barlow Moor Road, Manchester, M20 2PW.

The company's principle place of activity is Didsbury Business Centre, Unit 9A, 137 Barlow Moor Road, Manchester, M20 2NX.
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.
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. 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:
Plant & Machinery 20% reducing balance
Computer Equipment 33.33% straight line
2.4. 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.
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
2.6. 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.
2.7. Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 2,962 17,851 20,813
Additions 3,085 17,176 20,261
As at 29 February 2024 6,047 35,027 41,074
Depreciation
As at 1 March 2023 872 10,461 11,333
Provided during the period 637 7,665 8,302
As at 29 February 2024 1,509 18,126 19,635
Net Book Value
As at 29 February 2024 4,538 16,901 21,439
As at 1 March 2023 2,090 7,390 9,480
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 99,010 84,744
Other debtors 169,297 17,536
268,307 102,280
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 121,507 11,007
Other creditors 1,704 94,890
Taxation and social security 76,863 14,056
200,074 119,953
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 5,360 2,370
Page 5
Page 6
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 March 2023 1,862 1,862
Additions 3,498 3,498
Balance at 29 February 2024 5,360 5,360
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
9 Ordinary A shares of £ 1 each 9 9
1 Ordinary B shares of £ 1 each 1 1
10 10
Page 6