Acorah Software Products - Accounts Production 15.0.600 false true true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 08896758 Mr Alan Yapp iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08896758 2023-02-28 08896758 2024-02-29 08896758 2023-03-01 2024-02-29 08896758 frs-core:CurrentFinancialInstruments 2024-02-29 08896758 frs-core:Non-currentFinancialInstruments 2024-02-29 08896758 frs-core:FurnitureFittings 2024-02-29 08896758 frs-core:FurnitureFittings 2023-03-01 2024-02-29 08896758 frs-core:FurnitureFittings 2023-02-28 08896758 frs-core:MotorVehicles 2024-02-29 08896758 frs-core:MotorVehicles 2023-03-01 2024-02-29 08896758 frs-core:MotorVehicles 2023-02-28 08896758 frs-core:PlantMachinery 2024-02-29 08896758 frs-core:PlantMachinery 2023-03-01 2024-02-29 08896758 frs-core:PlantMachinery 2023-02-28 08896758 frs-core:ShareCapital 2024-02-29 08896758 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 08896758 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08896758 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 08896758 frs-bus:SmallEntities 2023-03-01 2024-02-29 08896758 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08896758 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08896758 frs-bus:Director1 2023-03-01 2024-02-29 08896758 frs-bus:Director1 2023-02-28 08896758 frs-bus:Director1 2024-02-29 08896758 frs-core:CurrentFinancialInstruments 1 2024-02-29 08896758 frs-countries:EnglandWales 2023-03-01 2024-02-29 08896758 2022-02-28 08896758 2023-02-28 08896758 2022-03-01 2023-02-28 08896758 frs-core:CurrentFinancialInstruments 2023-02-28 08896758 frs-core:Non-currentFinancialInstruments 2023-02-28 08896758 frs-core:ShareCapital 2023-02-28 08896758 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 08896758 frs-core:CurrentFinancialInstruments 1 2023-02-28
Registered number: 08896758
YAPPSINN LTD
Unaudited Financial Statements
For The Year Ended 29 February 2024
2 Vat Ladies Ltd T/A CMS Pub Accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08896758
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 149,545 71,358
149,545 71,358
CURRENT ASSETS
Stocks 5 39,100 33,829
Debtors 6 168,434 101,710
Cash at bank and in hand 25,809 58,823
233,343 194,362
Creditors: Amounts Falling Due Within One Year 7 (275,430 ) (185,748 )
NET CURRENT ASSETS (LIABILITIES) (42,087 ) 8,614
TOTAL ASSETS LESS CURRENT LIABILITIES 107,458 79,972
Creditors: Amounts Falling Due After More Than One Year 8 (134,425 ) (79,015 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,990 ) -
NET (LIABILITIES)/ASSETS (44,957 ) 957
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (44,958 ) 956
SHAREHOLDERS' FUNDS (44,957) 957
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 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.
On behalf of the board
Mr Alan Yapp
Director
11/09/2024
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
YAPPSINN LTD is a private company, limited by shares, incorporated in England & Wales, registered number 08896758 . The registered office is The Beacon, Copthorne Road, Shrewsbury, SY3 8LP.
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
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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. 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% Straight Line
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% Straight Line
2.5. 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.
2.6. 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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.
Deferred Taxation has been calculated at 19% based on historic profit performance.
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: 42 (2023: 41)
42 41
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 March 2023 92,571 - 108,980 201,551
Additions 28,656 77,190 2,747 108,593
As at 29 February 2024 121,227 77,190 111,727 310,144
Depreciation
As at 1 March 2023 35,524 - 94,669 130,193
Provided during the period 21,158 1,608 7,640 30,406
As at 29 February 2024 56,682 1,608 102,309 160,599
Net Book Value
As at 29 February 2024 64,545 75,582 9,418 149,545
As at 1 March 2023 57,047 - 14,311 71,358
5. Stocks
2024 2023
£ £
Materials 39,100 33,829
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 7,049 50,077
Other Debtor 39,206 8,887
Director's loan account 116,166 36,733
162,421 95,697
Due after more than one year
Security Deposit 6,013 6,013
168,434 101,710
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 52,257 52,801
Bank loans and overdrafts 36,420 -
Other loans 74,240 -
Corporation tax 9,310 26,337
Other taxes and social security 22,930 21,611
VAT 59,108 66,880
Accruals and deferred income 21,165 18,119
275,430 185,748
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other Loans 104,106 79,015
Corporation tax 30,319 -
134,425 79,015
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 29 February 2024
£ £ £ £ £
Mr Alan Yapp 36,733 79,433 - - 116,166
The above loan is unsecured, interest free and repayable on demand.
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