Acorah Software Products - Accounts Production 16.0.110 false true true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 05351360 Mrs Heather Durrell Ms Sarah Chapman Mrs Heather Durrell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05351360 2023-02-28 05351360 2024-02-29 05351360 2023-03-01 2024-02-29 05351360 frs-core:CurrentFinancialInstruments 2024-02-29 05351360 frs-core:Non-currentFinancialInstruments 2024-02-29 05351360 frs-core:ComputerEquipment 2023-03-01 2024-02-29 05351360 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-01 2024-02-29 05351360 frs-core:FurnitureFittings 2023-03-01 2024-02-29 05351360 frs-core:LandBuildings 2024-02-29 05351360 frs-core:LandBuildings 2023-03-01 2024-02-29 05351360 frs-core:LandBuildings 2023-02-28 05351360 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-29 05351360 frs-core:OtherResidualIntangibleAssets 2024-02-29 05351360 frs-core:OtherResidualIntangibleAssets 2023-03-01 2024-02-29 05351360 frs-core:OtherResidualIntangibleAssets 2023-02-28 05351360 frs-core:PlantMachinery 2024-02-29 05351360 frs-core:PlantMachinery 2023-03-01 2024-02-29 05351360 frs-core:PlantMachinery 2023-02-28 05351360 frs-core:ShareCapital 2024-02-29 05351360 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 05351360 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 05351360 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 05351360 frs-bus:SmallEntities 2023-03-01 2024-02-29 05351360 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 05351360 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 05351360 frs-bus:Director1 2023-03-01 2024-02-29 05351360 frs-bus:Director2 2023-03-01 2024-02-29 05351360 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 05351360 frs-core:CurrentFinancialInstruments 1 2024-02-29 05351360 frs-core:Non-currentFinancialInstruments 1 2024-02-29 05351360 frs-countries:EnglandWales 2023-03-01 2024-02-29 05351360 2022-02-28 05351360 2023-02-28 05351360 2022-03-01 2023-02-28 05351360 frs-core:CurrentFinancialInstruments 2023-02-28 05351360 frs-core:Non-currentFinancialInstruments 2023-02-28 05351360 frs-core:ShareCapital 2023-02-28 05351360 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 05351360 frs-core:CurrentFinancialInstruments 1 2023-02-28 05351360 frs-core:Non-currentFinancialInstruments 1 2023-02-28
Registered number: 05351360
Sarah Chapman Ltd.
Unaudited Financial Statements
For The Year Ended 29 February 2024
Back Office Support Solutions Ltd
Unit 326 Canalot Studios
222 Kensal Road
London
W10 5BN
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05351360
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 29,554 -
Tangible Assets 4 5,867 8,669
35,421 8,669
CURRENT ASSETS
Stocks 1,457,629 2,462,344
Debtors 5 1,454,886 965,076
Cash at bank and in hand 1,057,937 1,158,155
3,970,452 4,585,575
Creditors: Amounts Falling Due Within One Year 6 (1,543,738 ) (1,484,966 )
NET CURRENT ASSETS (LIABILITIES) 2,426,714 3,100,609
TOTAL ASSETS LESS CURRENT LIABILITIES 2,462,135 3,109,278
Creditors: Amounts Falling Due After More Than One Year 7 (483,833 ) (683,833 )
NET ASSETS 1,978,302 2,425,445
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 1,978,202 2,425,345
SHAREHOLDERS' FUNDS 1,978,302 2,425,445
Page 1
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For the year ending 29 February 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 Sarah Chapman
Director
30th October 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the 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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. In the event of any shortfall, the directors has indicated adequate support will be provided for the foreseeable future.
1.3. 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. 
1.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are software and website development costs. They are amortised to profit and loss account over its estimated economic life of 3 years.
1.5. Research and Development
Expenditure on research and development is written off in the year it is incurred.
1.6. 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 20% straight Line
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
1.7. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. 
1.8. 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.
1.9. 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 year 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.
...CONTINUED
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1.9. Taxation - continued
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 asset reflects 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.
1.10. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 26 (2023: 30)
26 30
3. Intangible Assets
Other Intangible Assets
£
Cost
As at 1 March 2023 96,118
Additions 44,330
As at 29 February 2024 140,448
Amortisation
As at 1 March 2023 96,118
Impairment losses 14,776
As at 29 February 2024 110,894
Net Book Value
As at 29 February 2024 29,554
As at 1 March 2023 -
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 March 2023 5,762 61,081 66,843
Additions - 298 298
As at 29 February 2024 5,762 61,379 67,141
Depreciation
As at 1 March 2023 2,305 55,869 58,174
Provided during the period 1,152 1,948 3,100
As at 29 February 2024 3,457 57,817 61,274
...CONTINUED
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Page 5
Net Book Value
As at 29 February 2024 2,305 3,562 5,867
As at 1 March 2023 3,457 5,212 8,669
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 398,376 657,429
Prepayments and accrued income 145,059 72,935
Corporation tax recoverable assets - 116,635
Amounts owed by other participating interests 836,622 44,894
1,380,057 891,893
Due after more than one year
Rent Deposit (Debtors > 1 year) 74,829 73,183
74,829 73,183
1,454,886 965,076
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 275,982 220,816
Bank loans and overdrafts 284,500 284,500
Other taxes and social security 33,129 44,031
VAT 49,877 47,748
Other creditors 14,044 5,519
Other creditors (1) 176 3,617
Accruals and deferred income 16,030 8,576
Amounts owed to other participating interests 870,000 870,159
1,543,738 1,484,966
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 483,833 683,833
483,833 683,833
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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9. Related Party Transactions
During the year a loan was provided between the company and Sarah Chapman Skinesis Clinic Ltd, a company under the common control of Ms S Chapman.
At the end of the period, the amount owed to Sarah Chapman Skinesis Clinic Ltd was £72,685 (2023: £870,159)
The loan is repayable on demand and interest free. 
During the year the company made sales to Sarah Chapman Skinesis Clinic Ltd of £551,696 (2023: £450,045) and received goods and services from the same of £2,671 (2023: £5,389 ). At the end of the period, the amount included within Debtors is £Nil (2023:£804). The amount included within Creditors is £NIL (2023: £Nil).
During the year a loan was provided between the company and Sarah Chapman EU Ltd, a company under the common control of Ms S Chapman, registered address 4 Upper Ormond Quay, Dublin 7, Dublin, Ireland (company number 683373).
At the end of the period, the amount owed to the company was £39,307 (2023: £44,894)
The loan is repayable on demand and interest free. 
10. General Information
Sarah Chapman Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 05351360 . The registered office is 2nd Floor, 59 Markham Street, Chelsea, London, SW3 3NR.
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