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 13071724 Mr Darron Kindell-Brown Mr Harry Kindell-Brown Mrs Diane Kindell-Brown iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13071724 2023-02-28 13071724 2024-02-28 13071724 2023-03-01 2024-02-28 13071724 frs-core:FurnitureFittings 2023-03-01 2024-02-28 13071724 frs-core:PlantMachinery 2024-02-28 13071724 frs-core:PlantMachinery 2023-03-01 2024-02-28 13071724 frs-core:PlantMachinery 2023-02-28 13071724 frs-core:ShareCapital 2024-02-28 13071724 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 13071724 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 13071724 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 13071724 frs-bus:SmallEntities 2023-03-01 2024-02-28 13071724 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 13071724 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 13071724 frs-core:UnlistedNon-exchangeTraded 2024-02-28 13071724 frs-core:UnlistedNon-exchangeTraded 2023-02-28 13071724 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-02-28 13071724 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-02-28 13071724 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-02-28 13071724 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-28 13071724 frs-bus:Director1 2023-03-01 2024-02-28 13071724 frs-bus:Director2 2023-03-01 2024-02-28 13071724 frs-bus:CompanySecretary1 2023-03-01 2024-02-28 13071724 frs-countries:EnglandWales 2023-03-01 2024-02-28 13071724 2022-02-28 13071724 2023-02-28 13071724 2022-03-01 2023-02-28 13071724 frs-core:ShareCapital 2023-02-28 13071724 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 13071724
George Edward Holdings Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Steven Burton & Co Limited
Chartered Certified Accountants
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13071724
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 668 890
Investments 4 200 200
868 1,090
CURRENT ASSETS
Debtors 5 37,159 25,442
Cash at bank and in hand 52,014 89,757
89,173 115,199
Creditors: Amounts Falling Due Within One Year 6 (17,680 ) (30,382 )
NET CURRENT ASSETS (LIABILITIES) 71,493 84,817
TOTAL ASSETS LESS CURRENT LIABILITIES 72,361 85,907
PROVISIONS FOR LIABILITIES
Deferred Taxation (127 ) (169 )
NET ASSETS 72,234 85,738
CAPITAL AND RESERVES
Called up share capital 7 200 200
Profit and Loss Account 72,034 85,538
SHAREHOLDERS' FUNDS 72,234 85,738
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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 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 Darron Kindell-Brown
Director
23/08/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the 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. 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:
Fixtures & Fittings 25% on reducing balance
1.3. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
1.4. 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. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3 (2023: 3)
3 3
3. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 March 2023 1,583
As at 28 February 2024 1,583
Depreciation
As at 1 March 2023 693
Provided during the period 222
As at 28 February 2024 915
...CONTINUED
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Page 4
Net Book Value
As at 28 February 2024 668
As at 1 March 2023 890
4. Investments
Unlisted
£
Cost
As at 1 March 2023 200
As at 28 February 2024 200
Provision
As at 1 March 2023 -
As at 28 February 2024 -
Net Book Value
As at 28 February 2024 200
As at 1 March 2023 200
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 37,159 25,442
37,159 25,442
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 17,680 30,382
17,680 30,382
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
8. General Information
George Edward Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13071724 . The registered office is C/O Steven Burton & Co Ltd, Broomfield Park, Coggeshall Road, Colchester, Essex, CO6 2JX.
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