Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 25 January 2022 false 1 February 2023 31 January 2024 31 January 2024 13871170 Mr Alan Briard Mr Shaun Bartlett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13871170 2023-01-31 13871170 2024-01-31 13871170 2023-02-01 2024-01-31 13871170 frs-core:Non-currentFinancialInstruments 2024-01-31 13871170 frs-core:FurnitureFittings 2023-02-01 2024-01-31 13871170 frs-core:WithinOneYear 2024-01-31 13871170 frs-core:ShareCapital 2024-01-31 13871170 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 13871170 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13871170 frs-bus:AbridgedAccounts 2023-02-01 2024-01-31 13871170 frs-bus:SmallEntities 2023-02-01 2024-01-31 13871170 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13871170 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13871170 frs-bus:Director1 2023-02-01 2024-01-31 13871170 frs-bus:Director2 2023-02-01 2024-01-31 13871170 frs-countries:EnglandWales 2023-02-01 2024-01-31 13871170 2022-01-24 13871170 2023-01-31 13871170 2022-01-25 2023-01-31 13871170 frs-core:Non-currentFinancialInstruments 2023-01-31 13871170 frs-core:WithinOneYear 2023-01-31 13871170 frs-core:ShareCapital 2023-01-31 13871170 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 13871170
The Ivy Salon Sw Ltd
ABRIDGED Financial Statements
For The Year Ended 31 January 2024
Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 13871170
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 27,327 34,159
27,327 34,159
CURRENT ASSETS
Stocks 750 500
Debtors 711 -
Cash at bank and in hand 1,002 966
2,463 1,466
Creditors: Amounts Falling Due Within One Year (17,749 ) (16,316 )
NET CURRENT ASSETS (LIABILITIES) (15,286 ) (14,850 )
TOTAL ASSETS LESS CURRENT LIABILITIES 12,041 19,309
Creditors: Amounts Falling Due After More Than One Year (47,244 ) (46,150 )
NET LIABILITIES (35,203 ) (26,841 )
CAPITAL AND RESERVES
Called up share capital 5 196 196
Profit and Loss Account (35,399 ) (27,037 )
SHAREHOLDERS' FUNDS (35,203) (26,841)
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For the year ending 31 January 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 January 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Alan Briard
Director
13th September 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged 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. 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.
1.3. 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:
Fixtures & Fittings 20% Reducing balance basis
1.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
1.5. 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. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3 (2023: 4)
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3. Tangible Assets
Total
£
Cost
As at 1 February 2023 42,699
As at 31 January 2024 42,699
Depreciation
As at 1 February 2023 8,540
Provided during the period 6,832
As at 31 January 2024 15,372
Net Book Value
As at 31 January 2024 27,327
As at 1 February 2023 34,159
4. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The maturity of these amounts is as follows:
Within one year - 429
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 196 196
6. General Information
The Ivy Salon Sw Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13871170 . The registered office is 54 Torwood Street, Torquay, Devon, TQ1 1DT.
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