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 08877172 Mr T Edghill Mr C Quinn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08877172 2023-02-28 08877172 2024-02-29 08877172 2023-03-01 2024-02-29 08877172 frs-core:CurrentFinancialInstruments 2024-02-29 08877172 frs-core:Non-currentFinancialInstruments 2024-02-29 08877172 frs-core:FurnitureFittings 2024-02-29 08877172 frs-core:FurnitureFittings 2023-03-01 2024-02-29 08877172 frs-core:FurnitureFittings 2023-02-28 08877172 frs-core:MotorVehicles 2024-02-29 08877172 frs-core:MotorVehicles 2023-03-01 2024-02-29 08877172 frs-core:MotorVehicles 2023-02-28 08877172 frs-core:ShareCapital 2024-02-29 08877172 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 08877172 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08877172 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 08877172 frs-bus:SmallEntities 2023-03-01 2024-02-29 08877172 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08877172 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08877172 frs-bus:Director1 2023-03-01 2024-02-29 08877172 frs-bus:Director2 2023-03-01 2024-02-29 08877172 frs-countries:EnglandWales 2023-03-01 2024-02-29 08877172 2022-02-28 08877172 2023-02-28 08877172 2022-03-01 2023-02-28 08877172 frs-core:CurrentFinancialInstruments 2023-02-28 08877172 frs-core:Non-currentFinancialInstruments 2023-02-28 08877172 frs-core:ShareCapital 2023-02-28 08877172 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 08877172
One Adventure NW Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
SJK
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08877172
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 48,587 47,439
48,587 47,439
CURRENT ASSETS
Debtors 5 3,426 18,636
Cash at bank and in hand 15,962 25,298
19,388 43,934
Creditors: Amounts Falling Due Within One Year 6 (12,658 ) (19,390 )
NET CURRENT ASSETS (LIABILITIES) 6,730 24,544
TOTAL ASSETS LESS CURRENT LIABILITIES 55,317 71,983
Creditors: Amounts Falling Due After More Than One Year 7 (3,698 ) (5,400 )
NET ASSETS 51,619 66,583
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 51,519 66,483
SHAREHOLDERS' FUNDS 51,619 66,583
Page 1
Page 2
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 C Quinn
Director
02/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
One Adventure NW Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08877172 . The registered office is 27 Audenshaw Hall Grove, Audenshaw, Manchester, M34 5GD.
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.
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.
2.3. 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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 March 2023 7,500 93,367 100,867
Additions 13,600 3,349 16,949
Disposals (7,500 ) - (7,500 )
As at 29 February 2024 13,600 96,716 110,316
Depreciation
As at 1 March 2023 1,875 51,553 53,428
Provided during the period 3,400 6,776 10,176
Disposals (1,875 ) - (1,875 )
As at 29 February 2024 3,400 58,329 61,729
Net Book Value
As at 29 February 2024 10,200 38,387 48,587
As at 1 March 2023 5,625 41,814 47,439
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,426 18,636
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 1,600 1,600
VAT 1,502 6,133
Accruals 1,100 1,201
Directors' loan accounts 8,456 10,456
12,658 19,390
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,698 5,400
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4