Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 11790370 Ms Loretta Caughlin Mr Christopher Mallinder iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11790370 2023-01-31 11790370 2024-01-31 11790370 2023-02-01 2024-01-31 11790370 frs-core:CurrentFinancialInstruments 2024-01-31 11790370 frs-core:Non-currentFinancialInstruments 2024-01-31 11790370 frs-core:ComputerEquipment 2024-01-31 11790370 frs-core:ComputerEquipment 2023-02-01 2024-01-31 11790370 frs-core:ComputerEquipment 2023-01-31 11790370 frs-core:FurnitureFittings 2024-01-31 11790370 frs-core:FurnitureFittings 2023-02-01 2024-01-31 11790370 frs-core:FurnitureFittings 2023-01-31 11790370 frs-core:NetGoodwill 2024-01-31 11790370 frs-core:NetGoodwill 2023-02-01 2024-01-31 11790370 frs-core:NetGoodwill 2023-01-31 11790370 frs-core:ShareCapital 2024-01-31 11790370 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11790370 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11790370 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11790370 frs-bus:SmallEntities 2023-02-01 2024-01-31 11790370 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11790370 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11790370 frs-bus:Director1 2023-02-01 2024-01-31 11790370 frs-bus:Director2 2023-02-01 2024-01-31 11790370 frs-countries:EnglandWales 2023-02-01 2024-01-31 11790370 2022-01-31 11790370 2023-01-31 11790370 2022-02-01 2023-01-31 11790370 frs-core:CurrentFinancialInstruments 2023-01-31 11790370 frs-core:Non-currentFinancialInstruments 2023-01-31 11790370 frs-core:ShareCapital 2023-01-31 11790370 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 11790370
The Front Room Penzance Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11790370
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,000 2,000
Tangible Assets 5 9,044 15,706
10,044 17,706
CURRENT ASSETS
Stocks 6 450 450
Debtors 7 5,556 2,396
Cash at bank and in hand 4,850 4,392
10,856 7,238
Creditors: Amounts Falling Due Within One Year 8 (825 ) (2,425 )
NET CURRENT ASSETS (LIABILITIES) 10,031 4,813
TOTAL ASSETS LESS CURRENT LIABILITIES 20,075 22,519
Creditors: Amounts Falling Due After More Than One Year 9 (32,834 ) (37,128 )
NET LIABILITIES (12,759 ) (14,609 )
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account (12,761 ) (14,611 )
SHAREHOLDERS' FUNDS (12,759) (14,609)
Page 1
Page 2
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.
On behalf of the board
Ms Loretta Caughlin
Director
7 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Front Room Penzance Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11790370 . The registered office is 10 & 11 Penwith Business Centre, Long Rock, Penzance, TR20 8HL.
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:
Fixtures & Fittings 20%
Computer Equipment 20% SL
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: 5 (2023: 6)
5 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 6,000
As at 31 January 2024 6,000
...CONTINUED
Page 3
Page 4
Amortisation
As at 1 February 2023 4,000
Provided during the period 1,000
As at 31 January 2024 5,000
Net Book Value
As at 31 January 2024 1,000
As at 1 February 2023 2,000
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 61,106 2,758 63,864
As at 31 January 2024 61,106 2,758 63,864
Depreciation
As at 1 February 2023 46,571 1,587 48,158
Provided during the period 6,110 552 6,662
As at 31 January 2024 52,681 2,139 54,820
Net Book Value
As at 31 January 2024 8,425 619 9,044
As at 1 February 2023 14,535 1,171 15,706
6. Stocks
2024 2023
£ £
Stock 450 450
7. Debtors
2024 2023
£ £
Due within one year
Other debtors - 2,000
Directors' loan accounts 5,556 396
5,556 2,396
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 825 2,425
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Page 5
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 28,771 33,689
VAT 4,063 3,439
32,834 37,128
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
Mr C Mallinder £972
Ms L Caughlin £4,584
These were repaid in full.
Page 5