Acorah Software Products - Accounts Production 14.6.300 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 08913519 Ms Jane Cotton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08913519 2023-02-28 08913519 2024-02-28 08913519 2023-03-01 2024-02-28 08913519 frs-core:CurrentFinancialInstruments 2024-02-28 08913519 frs-core:FurnitureFittings 2024-02-28 08913519 frs-core:FurnitureFittings 2023-03-01 2024-02-28 08913519 frs-core:FurnitureFittings 2023-02-28 08913519 frs-core:NetGoodwill 2024-02-28 08913519 frs-core:NetGoodwill 2023-03-01 2024-02-28 08913519 frs-core:NetGoodwill 2023-02-28 08913519 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-28 08913519 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-28 08913519 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 08913519 frs-core:ShareCapital 2024-02-28 08913519 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 08913519 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 08913519 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 08913519 frs-bus:SmallEntities 2023-03-01 2024-02-28 08913519 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 08913519 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 08913519 frs-bus:Director1 2023-03-01 2024-02-28 08913519 frs-countries:EnglandWales 2023-03-01 2024-02-28 08913519 2022-02-28 08913519 2023-02-28 08913519 2022-03-01 2023-02-28 08913519 frs-core:CurrentFinancialInstruments 2023-02-28 08913519 frs-core:ShareCapital 2023-02-28 08913519 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 08913519
Wow Aesthetics Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Mahony & Company Ltd
Office1
Retford Enterprise Centre
Retford
Notts
DN22 9GR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08913519
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 6,400 7,953
6,400 7,953
CURRENT ASSETS
Stocks 6 895 1,250
Cash at bank and in hand - 2,081
895 3,331
Creditors: Amounts Falling Due Within One Year 7 (22,292 ) (9,406 )
NET CURRENT ASSETS (LIABILITIES) (21,397 ) (6,075 )
TOTAL ASSETS LESS CURRENT LIABILITIES (14,997 ) 1,878
NET (LIABILITIES)/ASSETS (14,997 ) 1,878
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (14,998 ) 1,877
SHAREHOLDERS' FUNDS (14,997) 1,878
Page 1
Page 2
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 her 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
Ms Jane Cotton
Director
24/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Wow Aesthetics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08913519 . The registered office is Torrington House, 75 Branston Road, Burton on Trent, Staffs, DE14 3BY.
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. 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 .... 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:
Leasehold no depreciation
Fixtures & Fittings 25% reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 10,000
As at 28 February 2024 10,000
Amortisation
As at 1 March 2023 10,000
As at 28 February 2024 10,000
Page 3
Page 4
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 March 2023 1,262 17,669 18,931
Additions - 95 95
As at 28 February 2024 1,262 17,764 19,026
Depreciation
As at 1 March 2023 - 10,978 10,978
Provided during the period 123 1,525 1,648
As at 28 February 2024 123 12,503 12,626
Net Book Value
As at 28 February 2024 1,139 5,261 6,400
As at 1 March 2023 1,262 6,691 7,953
6. Stocks
2024 2023
£ £
Stock 895 1,250
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Bank loans and overdrafts 8,347 -
Corporation tax 31 31
Accruals and deferred income 1,705 1,675
Director's loan account 12,209 7,699
22,292 9,406
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4