Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 11759585 Ms Amy Matthews iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11759585 2023-01-31 11759585 2024-01-31 11759585 2023-02-01 2024-01-31 11759585 frs-core:CurrentFinancialInstruments 2024-01-31 11759585 frs-core:Non-currentFinancialInstruments 2024-01-31 11759585 frs-core:ComputerEquipment 2024-01-31 11759585 frs-core:ComputerEquipment 2023-02-01 2024-01-31 11759585 frs-core:ComputerEquipment 2023-01-31 11759585 frs-core:FurnitureFittings 2024-01-31 11759585 frs-core:FurnitureFittings 2023-02-01 2024-01-31 11759585 frs-core:FurnitureFittings 2023-01-31 11759585 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 11759585 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 11759585 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-31 11759585 frs-core:PlantMachinery 2024-01-31 11759585 frs-core:PlantMachinery 2023-02-01 2024-01-31 11759585 frs-core:PlantMachinery 2023-01-31 11759585 frs-core:ShareCapital 2024-01-31 11759585 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11759585 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11759585 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11759585 frs-bus:SmallEntities 2023-02-01 2024-01-31 11759585 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11759585 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11759585 frs-core:DeferredTaxation 2023-02-01 2024-01-31 11759585 frs-core:DeferredTaxation 2023-01-31 11759585 frs-core:DeferredTaxation 2024-01-31 11759585 frs-bus:Director1 2023-02-01 2024-01-31 11759585 frs-countries:EnglandWales 2023-02-01 2024-01-31 11759585 2022-01-31 11759585 2023-01-31 11759585 2022-02-01 2023-01-31 11759585 frs-core:CurrentFinancialInstruments 2023-01-31 11759585 frs-core:Non-currentFinancialInstruments 2023-01-31 11759585 frs-core:ShareCapital 2023-01-31 11759585 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 11759585
Richmond House Beauty Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11759585
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 132,732 154,977
132,732 154,977
CURRENT ASSETS
Stocks 5 27,062 29,072
Debtors 6 3,078 1,991
Cash at bank and in hand 34,257 64,713
64,397 95,776
Creditors: Amounts Falling Due Within One Year 7 (117,174 ) (221,340 )
NET CURRENT ASSETS (LIABILITIES) (52,777 ) (125,564 )
TOTAL ASSETS LESS CURRENT LIABILITIES 79,955 29,413
Creditors: Amounts Falling Due After More Than One Year 8 (21,288 ) (33,029 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (24,970 ) (24,803 )
NET ASSETS/(LIABILITIES) 33,697 (28,419 )
CAPITAL AND RESERVES
Called up share capital 11 10 10
Profit and Loss Account 33,687 (28,429 )
SHAREHOLDERS' FUNDS 33,697 (28,419)
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Ms Amy Matthews
Director
09/09/2024
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
Richmond House Beauty Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11759585 . The registered office is Jasmine Main Road, Otterbourne, Winchester, SO21 2EE.
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 provision of services in beauty, spa, and aesthetic treatments. 
Sale of goods
Turnover from the sale of goods is recognised at the point of sale when the customer makes a payment for the goods.
Rendering of services
Turnover from the provision of services in beauty, spa, and aesthetic treatments is recognised when the treatment takes place and the customer makes a payment for the treatment.
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:
Leasehold 20% straight line
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% straight line
2.4. Stocks and Work in Progress
Stocks is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks for retail products and professional use stock held.
2.5. Financial Instruments
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 
Cash at bank and in hand
Cash at bank and in hand is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 
Creditors
Trade and other creditors are recognised at the settlement amount due after any trade discount offered. Accruals are valued at the amount due in the future net of any trade discounts.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. The interest on these borrowings is recognised on the basis of the effective interest method and included in the Profit and Loss Account.
The borrowings are stated on the Balance Sheet less any repayments made in the financial year plus the interest accrued as stated in the Profit and Loss Account.
Borrowings are classified as current liabilities unless the company has an agreement in place that states that part of the borrowings liability will be settled at least twelve months after the reporting date. In this case the borrowings are split between less than one year and more than one year on the Balance Sheet.
Page 3
Page 4
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 years 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 assets reflect 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.
2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 13)
12 13
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2023 207,109 135,187 29,443 2,344 374,083
Additions - 22,000 - - 22,000
As at 31 January 2024 207,109 157,187 29,443 2,344 396,083
Depreciation
As at 1 February 2023 124,266 75,129 17,954 1,757 219,106
Provided during the period 20,711 20,515 2,872 147 44,245
As at 31 January 2024 144,977 95,644 20,826 1,904 263,351
Net Book Value
As at 31 January 2024 62,132 61,543 8,617 440 132,732
As at 1 February 2023 82,843 60,058 11,489 587 154,977
5. Stocks
2024 2023
£ £
Finished goods 27,062 29,072
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 3,078 1,991
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,391 5,307
Bank loans and overdrafts 13,422 13,446
Corporation tax 25,888 13,856
Other taxes and social security 9,082 17,431
VAT 28,473 20,432
Other creditors 7,699 -
Director's loan account 21,219 150,868
117,174 221,340
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 21,288 33,029
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 24,970 24,803
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 February 2023 24,803 24,803
Additions 167 167
Balance at 31 January 2024 24,970 24,970
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 5