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 08903346 Mr Christopher Daniel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08903346 2023-02-28 08903346 2024-02-28 08903346 2023-03-01 2024-02-28 08903346 frs-core:Non-currentFinancialInstruments 2024-02-28 08903346 frs-core:ComputerEquipment 2023-03-01 2024-02-28 08903346 frs-core:FurnitureFittings 2023-03-01 2024-02-28 08903346 frs-core:PlantMachinery 2023-03-01 2024-02-28 08903346 frs-core:ShareCapital 2024-02-28 08903346 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 08903346 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 08903346 frs-bus:AbridgedAccounts 2023-03-01 2024-02-28 08903346 frs-bus:SmallEntities 2023-03-01 2024-02-28 08903346 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 08903346 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 08903346 frs-bus:Director1 2023-03-01 2024-02-28 08903346 frs-countries:EnglandWales 2023-03-01 2024-02-28 08903346 2022-02-28 08903346 2023-02-28 08903346 2022-03-01 2023-02-28 08903346 frs-core:Non-currentFinancialInstruments 2023-02-28 08903346 frs-core:ShareCapital 2023-02-28 08903346 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 08903346
Number 10 Hair Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 28 February 2024
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 08903346
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,456 3,134
2,456 3,134
CURRENT ASSETS
Stocks - 3,263
Cash at bank and in hand 294 443
294 3,706
Creditors: Amounts Falling Due Within One Year (115,251 ) (120,964 )
NET CURRENT ASSETS (LIABILITIES) (114,957 ) (117,258 )
TOTAL ASSETS LESS CURRENT LIABILITIES (112,501 ) (114,124 )
Creditors: Amounts Falling Due After More Than One Year (1,750 ) (2,750 )
NET LIABILITIES (114,251 ) (116,874 )
CAPITAL AND RESERVES
Called up share capital 5 2 2
Profit and Loss Account (114,253 ) (116,876 )
SHAREHOLDERS' FUNDS (114,251) (116,874)
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 28 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Christopher Daniel
Director
9th September 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. Research and Development
Expenditure on research and development is writte off in the year it was incurred/
1.4. 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:
Plant & Machinery 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 33% Reducing Balance
1.5. 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. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3 (2023: 4)
3 4
3. Intangible Assets
Total
£
Cost
As at 1 March 2023 2,873
As at 28 February 2024 2,873
Amortisation
As at 1 March 2023 2,873
As at 28 February 2024 2,873
Net Book Value
As at 28 February 2024 -
As at 1 March 2023 -
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4. Tangible Assets
Total
£
Cost
As at 1 March 2023 13,295
As at 28 February 2024 13,295
Depreciation
As at 1 March 2023 10,161
Provided during the period 678
As at 28 February 2024 10,839
Net Book Value
As at 28 February 2024 2,456
As at 1 March 2023 3,134
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
6. General Information
Number 10 Hair Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08903346 . The registered office is 219 Burton Road, Derby, DE23 6AE.
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