Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10918091 Daniel Parker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10918091 2023-03-31 10918091 2024-03-31 10918091 2023-04-01 2024-03-31 10918091 frs-core:CurrentFinancialInstruments 2024-03-31 10918091 frs-core:NetGoodwill 2024-03-31 10918091 frs-core:NetGoodwill 2023-04-01 2024-03-31 10918091 frs-core:NetGoodwill 2023-03-31 10918091 frs-core:PlantMachinery 2024-03-31 10918091 frs-core:PlantMachinery 2023-04-01 2024-03-31 10918091 frs-core:PlantMachinery 2023-03-31 10918091 frs-core:ShareCapital 2024-03-31 10918091 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10918091 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10918091 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10918091 frs-bus:SmallEntities 2023-04-01 2024-03-31 10918091 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10918091 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10918091 frs-bus:Director1 2023-04-01 2024-03-31 10918091 frs-countries:EnglandWales 2023-04-01 2024-03-31 10918091 2022-03-31 10918091 2023-03-31 10918091 2022-04-01 2023-03-31 10918091 frs-core:CurrentFinancialInstruments 2023-03-31 10918091 frs-core:ShareCapital 2023-03-31 10918091 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10918091
AA Baits & Feeds Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10918091
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,000 4,000
Tangible Assets 5 7,706 -
10,706 4,000
CURRENT ASSETS
Stocks 6 22,676 24,942
Debtors 7 46,737 10,157
Cash at bank and in hand 75,582 66,489
144,995 101,588
Creditors: Amounts Falling Due Within One Year 8 (76,892 ) (75,200 )
NET CURRENT ASSETS (LIABILITIES) 68,103 26,388
TOTAL ASSETS LESS CURRENT LIABILITIES 78,809 30,388
NET ASSETS 78,809 30,388
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 78,799 30,378
SHAREHOLDERS' FUNDS 78,809 30,388
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For the year ending 31 March 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 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
Daniel Parker
Director
15th July 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
AA Baits & Feeds Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10918091 . The registered office is 74 Port Causeway, Bromborough, Wirral, CH62 4TB.
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.
2.3. 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.
2.4. 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 18% reducing balance / 100% AIA
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 year 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.

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3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 6)
7 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 10,000
As at 31 March 2024 10,000
Amortisation
As at 1 April 2023 6,000
Provided during the period 1,000
As at 31 March 2024 7,000
Net Book Value
As at 31 March 2024 3,000
As at 1 April 2023 4,000
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 9,881
Additions 9,397
As at 31 March 2024 19,278
Depreciation
As at 1 April 2023 9,881
Provided during the period 1,691
As at 31 March 2024 11,572
Net Book Value
As at 31 March 2024 7,706
As at 1 April 2023 -
6. Stocks
2024 2023
£ £
Materials 22,676 24,942
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,237 10,157
Other debtors 42,500 -
46,737 10,157
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 35,545 33,598
Corporation tax 9,947 6,681
Other taxes and social security 5,717 1,449
VAT 11,238 11,433
Other creditors - 11,374
Accruals and deferred income - 2,580
Director's loan account 14,445 8,085
76,892 75,200
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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