Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 11809563 Mr M J Anfilogoff Mr A Storer Mr K R Twineham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11809563 2023-02-28 11809563 2024-02-29 11809563 2023-03-01 2024-02-29 11809563 frs-core:CurrentFinancialInstruments 2024-02-29 11809563 frs-core:Non-currentFinancialInstruments 2024-02-29 11809563 frs-core:NetGoodwill 2024-02-29 11809563 frs-core:NetGoodwill 2023-02-28 11809563 frs-core:PlantMachinery 2024-02-29 11809563 frs-core:PlantMachinery 2023-03-01 2024-02-29 11809563 frs-core:PlantMachinery 2023-02-28 11809563 frs-core:ShareCapital 2024-02-29 11809563 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11809563 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11809563 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 11809563 frs-bus:SmallEntities 2023-03-01 2024-02-29 11809563 frs-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 11809563 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11809563 frs-bus:OrdinaryShareClass1 2023-03-01 2024-02-29 11809563 frs-bus:OrdinaryShareClass1 2024-02-29 11809563 frs-bus:Director1 2023-03-01 2024-02-29 11809563 frs-bus:Director2 2023-03-01 2024-02-29 11809563 frs-bus:Director3 2023-03-01 2024-02-29 11809563 frs-countries:EnglandWales 2023-03-01 2024-02-29 11809563 2022-02-28 11809563 2023-02-28 11809563 2022-03-01 2023-02-28 11809563 frs-core:CurrentFinancialInstruments 2023-02-28 11809563 frs-core:Non-currentFinancialInstruments 2023-02-28 11809563 frs-core:ShareCapital 2023-02-28 11809563 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 11809563 frs-bus:OrdinaryShareClass1 2022-03-01 2023-02-28
Registered number: 11809563
Filo And Twine Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report of the Accountant to the directors of Filo And Twine Limited
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 29 February 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Signed
17/09/2024
van Dijk Accountants
Georgian House
34 Thoroughfare
Halesworth
Suffolk
IP19 8AP
Page 1
Page 2
Balance Sheet
Registered number: 11809563
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 2,000
Tangible Assets 5 - 15,082
- 17,082
CURRENT ASSETS
Stocks 6 - 500
Debtors 7 17,923 21,894
Cash at bank and in hand 1,219 2,097
19,142 24,491
Creditors: Amounts Falling Due Within One Year 8 (3,276 ) (38,822 )
NET CURRENT ASSETS (LIABILITIES) 15,866 (14,331 )
TOTAL ASSETS LESS CURRENT LIABILITIES 15,866 2,751
Creditors: Amounts Falling Due After More Than One Year 9 (13,836 ) (16,212 )
NET ASSETS/(LIABILITIES) 2,030 (13,461 )
CAPITAL AND RESERVES
Called up share capital 10 3 3
Profit and Loss Account 2,027 (13,464 )
SHAREHOLDERS' FUNDS 2,030 (13,461)
Page 2
Page 3
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 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 M J Anfilogoff
Director
Mr A Storer
Director
Mr K R Twineham
Director
17/09/2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Filo And Twine Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11809563 . The registered office is Unit 13 Halesworth Business Center, Norwich Road, Halesworth, Suffolk, IP19 8QJ.
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.
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.
2.3. 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:
Plant & Machinery 25% reducing balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
Page 4
Page 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 2,000
Disposals (2,000)
As at 29 February 2024 -
Net Book Value
As at 29 February 2024 -
As at 1 March 2023 2,000
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 March 2023 26,655
Disposals (26,655 )
Depreciation
As at 1 March 2023 11,573
Disposals (11,573 )
As at 29 February 2024 -
Net Book Value
As at 29 February 2024 -
As at 1 March 2023 15,082
6. Stocks
2024 2023
£ £
Stock - 500
Page 5
Page 6
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 17,879
Other debtors 12,798 -
VAT 5,125 4,015
17,923 21,894
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 3
Bank loans and overdrafts 2,376 2,376
Other creditors - 22,196
Accruals and deferred income 900 900
Directors' loan accounts - 13,347
3,276 38,822
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,836 16,212
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
3 Ordinary Shares of £ 1.000 each 3 3
Page 6