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 13896139 Mr Adam Randall Mr Jake Randall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13896139 2023-03-31 13896139 2024-03-31 13896139 2023-04-01 2024-03-31 13896139 frs-core:CurrentFinancialInstruments 2024-03-31 13896139 frs-core:MotorVehicles 2024-03-31 13896139 frs-core:MotorVehicles 2023-04-01 2024-03-31 13896139 frs-core:MotorVehicles 2023-03-31 13896139 frs-core:PlantMachinery 2024-03-31 13896139 frs-core:PlantMachinery 2023-04-01 2024-03-31 13896139 frs-core:PlantMachinery 2023-03-31 13896139 frs-core:ShareCapital 2024-03-31 13896139 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13896139 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13896139 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 13896139 frs-bus:SmallEntities 2023-04-01 2024-03-31 13896139 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13896139 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13896139 frs-bus:Director1 2023-04-01 2024-03-31 13896139 frs-bus:Director1 2023-03-31 13896139 frs-bus:Director1 2024-03-31 13896139 frs-bus:Director2 2023-04-01 2024-03-31 13896139 frs-bus:Director2 2023-03-31 13896139 frs-bus:Director2 2024-03-31 13896139 frs-countries:EnglandWales 2023-04-01 2024-03-31 13896139 2022-03-31 13896139 2023-03-31 13896139 2022-04-01 2023-03-31 13896139 frs-core:CurrentFinancialInstruments 2023-03-31 13896139 frs-core:ShareCapital 2023-03-31 13896139 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13896139
Fluid Glass Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Redland Consultancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13896139
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 37,211 21,959
37,211 21,959
CURRENT ASSETS
Debtors 5 14,377 66,388
Cash at bank and in hand 1,336,899 597,924
1,351,276 664,312
Creditors: Amounts Falling Due Within One Year 6 (341,801 ) (222,441 )
NET CURRENT ASSETS (LIABILITIES) 1,009,475 441,871
TOTAL ASSETS LESS CURRENT LIABILITIES 1,046,686 463,830
NET ASSETS 1,046,686 463,830
CAPITAL AND RESERVES
Called up share capital 7 1,053 1,053
Profit and Loss Account 1,045,633 462,777
SHAREHOLDERS' FUNDS 1,046,686 463,830
Page 1
Page 2
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 Adam Randall
Director
04/10/2024
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
Fluid Glass Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13896139 . The registered office is Unit 11 Orbital 25 Business Park, Dwight Road, Watford, WD18 9DA.
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% straight line
Motor Vehicles 25% straight line
2.4. 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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 2)
4 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 27,505 - 27,505
Additions 21,663 3,163 24,826
As at 31 March 2024 49,168 3,163 52,331
Depreciation
As at 1 April 2023 5,546 - 5,546
Provided during the period 8,941 633 9,574
As at 31 March 2024 14,487 633 15,120
Net Book Value
As at 31 March 2024 34,681 2,530 37,211
As at 1 April 2023 21,959 - 21,959
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 13,484 66,320
Other debtors 893 68
14,377 66,388
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 52,934 67,651
Other creditors 14,858 3,681
Taxation and social security 274,009 151,109
341,801 222,441
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,053 1,053
Page 4
Page 5
8. Directors Advances, Credits and Guarantees
Included within Debtors are loans to the directors totalling £892.  These were repaid by dividend in October 2024.
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Adam Randall (45 ) 1,415 971 - 399
Mr Jake Randall - 1,955 1,462 - 493
The above loan is unsecured, interest free and repayable on demand.
Page 5