Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 04346727 Mr J E Barton Mrs C A Fox Mrs M J Barton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04346727 2023-03-31 04346727 2024-03-31 04346727 2023-04-01 2024-03-31 04346727 frs-core:CurrentFinancialInstruments 2024-03-31 04346727 frs-core:ComputerEquipment 2024-03-31 04346727 frs-core:ComputerEquipment 2023-04-01 2024-03-31 04346727 frs-core:ComputerEquipment 2023-03-31 04346727 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 04346727 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04346727 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 04346727 frs-core:MotorVehicles 2024-03-31 04346727 frs-core:MotorVehicles 2023-04-01 2024-03-31 04346727 frs-core:MotorVehicles 2023-03-31 04346727 frs-core:PlantMachinery 2024-03-31 04346727 frs-core:PlantMachinery 2023-04-01 2024-03-31 04346727 frs-core:PlantMachinery 2023-03-31 04346727 frs-core:ShareCapital 2024-03-31 04346727 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04346727 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04346727 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04346727 frs-bus:SmallEntities 2023-04-01 2024-03-31 04346727 frs-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04346727 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04346727 frs-bus:Director1 2023-04-01 2024-03-31 04346727 frs-bus:Director2 2023-04-01 2024-03-31 04346727 frs-bus:Director2 2023-03-31 04346727 frs-bus:Director2 2024-03-31 04346727 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 04346727 frs-countries:EnglandWales 2023-04-01 2024-03-31 04346727 2022-03-31 04346727 2023-03-31 04346727 2022-04-01 2023-03-31 04346727 frs-core:CurrentFinancialInstruments 2023-03-31 04346727 frs-core:ShareCapital 2023-03-31 04346727 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 04346727
Style Matters Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—7
Page 1
Company Information
Directors Mr J E Barton
Mrs C A Fox
Secretary Mrs M J Barton
Company Number 04346727
Registered Office Pickmere Grange
Pickmere Lane Pickmere
Knutsford
Cheshire
WA16 0JJ
Accountants ERC Accountants & Business Advisers Limited
Chartered Accountants
Hanover Buildings, 11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
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Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Style Matters Limited for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Style Matters Limited for the year ended 31 March 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Style Matters Limited , as a body, in accordance with the terms of our engagement letter dated 17 January 2024. Our work has been undertaken solely to prepare for your approval the accounts of Style Matters Limited and state those matters that we have agreed to state to the directors of Style Matters Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Style Matters Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Style Matters Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Style Matters Limited . You consider that Style Matters Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Style Matters Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
19 September 2024
ERC Accountants & Business Advisers Limited
Chartered Accountants
Hanover Buildings, 11-13 Hanover Street
Liverpool
Merseyside
L1 3DN
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Page 3
Balance Sheet
Registered number: 04346727
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,256 25,922
18,256 25,922
CURRENT ASSETS
Stocks 5 397,035 151,353
Debtors 6 29,210 115,805
Cash at bank and in hand 385,241 466,601
811,486 733,759
Creditors: Amounts Falling Due Within One Year 7 (467,913 ) (420,460 )
NET CURRENT ASSETS (LIABILITIES) 343,573 313,299
TOTAL ASSETS LESS CURRENT LIABILITIES 361,829 339,221
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,563 ) (6,079 )
NET ASSETS 358,266 333,142
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 358,166 333,042
SHAREHOLDERS' FUNDS 358,266 333,142
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For the year ending 31 March 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 J E Barton
Director
19 September 2024
The notes on pages 5 to 7 form part of these financial statements.
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Page 5
Notes to the Financial Statements
1. General Information
Style Matters Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04346727 . The registered office is Pickmere Grange, Pickmere Lane Pickmere, Knutsford, Cheshire, WA16 0JJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
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 assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent 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:
Freehold 33% Straight Line
Plant and machinery 33% Straight Line
Motor vehicles 25% Reducing Balance
Computer equipment 33% Straight Line
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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2023: 17)
17 17
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4. Tangible Assets
Land & Property
Freehold Plant and machinery Motor vehicles Computer equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 158,992 111,082 29,484 70,032 369,590
Additions - - - 914 914
As at 31 March 2024 158,992 111,082 29,484 70,946 370,504
Depreciation
As at 1 April 2023 158,134 110,192 7,179 68,163 343,668
Provided during the period 858 765 5,577 1,380 8,580
As at 31 March 2024 158,992 110,957 12,756 69,543 352,248
Net Book Value
As at 31 March 2024 - 125 16,728 1,403 18,256
As at 1 April 2023 858 890 22,305 1,869 25,922
5. Stocks
2024 2023
£ £
Stock 397,035 151,353
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 28,841 78,614
Other debtors 369 18,667
Directors' loan accounts - 18,524
29,210 115,805
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 398,029 274,821
Corporation tax 43,660 34,007
Other taxes and social security 6,549 8,887
VAT 3,365 97,539
Net wages 1,776 -
Other creditors 4,915 3,486
Accruals and deferred income 9,619 1,720
467,913 420,460
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mrs Claire Fox 18,524 - 18,524 - -
10. Related Party Transactions
The following related party transactions were undertaken during the year:
Dividends were paid to the directors in respect of their shareholdings totalling £239,960 (2023: £159,000).
The aggregate remuneration paid to key management personnel for the year was £11,910 (2023: £12,227).
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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