Acorah Software Products - Accounts Production 16.0.110 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10164469 Mr Grant Mason Mrs Jane Mason Miss Alexandra Baguley-Mason Miss Chloe Mason iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10164469 2023-05-31 10164469 2024-05-31 10164469 2023-06-01 2024-05-31 10164469 frs-core:CurrentFinancialInstruments 2024-05-31 10164469 frs-core:Non-currentFinancialInstruments 2024-05-31 10164469 frs-core:ComputerEquipment 2024-05-31 10164469 frs-core:ComputerEquipment 2023-06-01 2024-05-31 10164469 frs-core:ComputerEquipment 2023-05-31 10164469 frs-core:FurnitureFittings 2024-05-31 10164469 frs-core:FurnitureFittings 2023-06-01 2024-05-31 10164469 frs-core:FurnitureFittings 2023-05-31 10164469 frs-core:NetGoodwill 2024-05-31 10164469 frs-core:NetGoodwill 2023-06-01 2024-05-31 10164469 frs-core:NetGoodwill 2023-05-31 10164469 frs-core:PlantMachinery 2023-06-01 2024-05-31 10164469 frs-core:ShareCapital 2024-05-31 10164469 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10164469 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10164469 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10164469 frs-bus:SmallEntities 2023-06-01 2024-05-31 10164469 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10164469 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10164469 frs-bus:Director1 2023-06-01 2024-05-31 10164469 frs-bus:Director2 2023-06-01 2024-05-31 10164469 frs-bus:Director3 2023-06-01 2024-05-31 10164469 frs-bus:Director4 2023-06-01 2024-05-31 10164469 frs-countries:EnglandWales 2023-06-01 2024-05-31 10164469 2022-05-31 10164469 2023-05-31 10164469 2022-06-01 2023-05-31 10164469 frs-core:CurrentFinancialInstruments 2023-05-31 10164469 frs-core:Non-currentFinancialInstruments 2023-05-31 10164469 frs-core:ShareCapital 2023-05-31 10164469 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10164469
Bridal Suite (Nottinghamshire) Limited
Financial Statements
For The Year Ended 31 May 2024
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10164469
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,500 18,500
Tangible Assets 5 7,592 11,285
20,092 29,785
CURRENT ASSETS
Stocks 6 40,372 43,118
Debtors 7 32,276 34,071
Cash at bank and in hand 36,986 19,923
109,634 97,112
Creditors: Amounts Falling Due Within One Year 8 (51,539 ) (45,200 )
NET CURRENT ASSETS (LIABILITIES) 58,095 51,912
TOTAL ASSETS LESS CURRENT LIABILITIES 78,187 81,697
Creditors: Amounts Falling Due After More Than One Year 9 (66,245 ) (74,561 )
NET ASSETS 11,942 7,136
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 11,842 7,036
SHAREHOLDERS' FUNDS 11,942 7,136
Page 1
Page 2
For the year ending 31 May 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
Mrs Jane Mason
Director
25 September 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
Bridal Suite (Nottinghamshire) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10164469 . The registered office is C/O Keith Willis Associates Ltd Gothic House, Barker Gate, Nottingham, NG1 1JU.
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 10 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:
Plant & Machinery 20% on cost
Fixtures & Fittings 20% on cost
Computer Equipment 20% on cost
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.
2.6. 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.
...CONTINUED
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2.6. 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2023 60,000
As at 31 May 2024 60,000
Amortisation
As at 1 June 2023 41,500
Provided during the period 6,000
As at 31 May 2024 47,500
Net Book Value
As at 31 May 2024 12,500
As at 1 June 2023 18,500
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 22,730 1,293 24,023
As at 31 May 2024 22,730 1,293 24,023
Depreciation
As at 1 June 2023 11,962 776 12,738
Provided during the period 3,434 259 3,693
As at 31 May 2024 15,396 1,035 16,431
Net Book Value
As at 31 May 2024 7,334 258 7,592
As at 1 June 2023 10,768 517 11,285
6. Stocks
2024 2023
£ £
Stock 40,372 43,118
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 32,276 34,071
32,276 34,071
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 24,420 24,313
Bank loans and overdrafts 5,000 5,000
Other creditors 5,720 4,183
Taxation and social security 16,399 11,704
51,539 45,200
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,833 10,833
Other creditors 60,412 63,728
66,245 74,561
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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