Acorah Software Products - Accounts Production 15.0.600 false true true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 07968702 Mr M D Stark Mrs A V Jackson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07968702 2023-02-28 07968702 2024-02-28 07968702 2023-03-01 2024-02-28 07968702 frs-core:CurrentFinancialInstruments 2024-02-28 07968702 frs-core:Non-currentFinancialInstruments 2024-02-28 07968702 frs-core:FurnitureFittings 2024-02-28 07968702 frs-core:FurnitureFittings 2023-03-01 2024-02-28 07968702 frs-core:FurnitureFittings 2023-02-28 07968702 frs-core:NetGoodwill 2024-02-28 07968702 frs-core:NetGoodwill 2023-03-01 2024-02-28 07968702 frs-core:NetGoodwill 2023-02-28 07968702 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-28 07968702 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 07968702 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 07968702 frs-core:PlantMachinery 2024-02-28 07968702 frs-core:PlantMachinery 2023-03-01 2024-02-28 07968702 frs-core:PlantMachinery 2023-02-28 07968702 frs-core:ShareCapital 2024-02-28 07968702 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 07968702 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 07968702 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 07968702 frs-bus:SmallEntities 2023-03-01 2024-02-28 07968702 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 07968702 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 07968702 frs-bus:Director1 2023-03-01 2024-02-28 07968702 frs-bus:Director2 2023-03-01 2024-02-28 07968702 frs-countries:EnglandWales 2023-03-01 2024-02-28 07968702 2022-02-28 07968702 2023-02-28 07968702 2022-03-01 2023-02-28 07968702 frs-core:CurrentFinancialInstruments 2023-02-28 07968702 frs-core:Non-currentFinancialInstruments 2023-02-28 07968702 frs-core:ShareCapital 2023-02-28 07968702 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 07968702
Stark Salon Limited
Financial Statements
For The Year Ended 28 February 2024
Devonports LAS Accountants Ltd
Cumberland House
24 - 28 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07968702
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,000 3,000
Tangible Assets 5 167,526 167,812
169,526 170,812
CURRENT ASSETS
Stocks 6 1,168 1,299
Debtors 7 938 579
Cash at bank and in hand 9,332 10,363
11,438 12,241
Creditors: Amounts Falling Due Within One Year 8 (90,689 ) (100,416 )
NET CURRENT ASSETS (LIABILITIES) (79,251 ) (88,175 )
TOTAL ASSETS LESS CURRENT LIABILITIES 90,275 82,637
Creditors: Amounts Falling Due After More Than One Year 9 (104,576 ) (109,639 )
NET LIABILITIES (14,301 ) (27,002 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (14,401 ) (27,102 )
SHAREHOLDERS' FUNDS (14,301) (27,002)
Page 1
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
Mrs A V Jackson
Director
04/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Stark Salon Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07968702 . The registered office is Cumberland House, 24-28 Baxter Avenue, Southend on Sea, Essex, SS2 6HZ.
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
As at the balance sheet date the company had a net deficiency of assets. The Directors are aware of this and are continuing to support the company financially. The financial statements have therefore been prepared on the going concern basis. 
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. 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.
2.5. 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:
Freehold Held at fair value
Plant & Machinery 15% straight line
Fixtures & Fittings 15% straight line
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2.6. 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: 5 (2023: 5)
5 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 10,000
As at 28 February 2024 10,000
Amortisation
As at 1 March 2023 7,000
Provided during the period 1,000
As at 28 February 2024 8,000
Net Book Value
As at 28 February 2024 2,000
As at 1 March 2023 3,000
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 March 2023 164,649 10,005 2,269 176,923
Additions - 569 - 569
As at 28 February 2024 164,649 10,574 2,269 177,492
Depreciation
As at 1 March 2023 - 8,430 681 9,111
Provided during the period - 515 340 855
As at 28 February 2024 - 8,945 1,021 9,966
...CONTINUED
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Net Book Value
As at 28 February 2024 164,649 1,629 1,248 167,526
As at 1 March 2023 164,649 1,575 1,588 167,812
6. Stocks
2024 2023
£ £
Materials 1,168 1,299
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 888 579
Prepayments and accrued income 50 -
938 579
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,767 4,591
Bank loans and overdrafts 10,421 10,421
Other creditors 73,035 80,918
Taxation and social security 4,466 4,486
90,689 100,416
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 104,576 109,639
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
As at the balance sheet date the company owed the Director £72,689 (2023: £80,804). This amount is included within other creditors.
Page 5