Acorah Software Products - Accounts Production 16.0.110 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 13445869 Tracy Hooper Deborah Webb iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13445869 2023-03-31 13445869 2024-03-31 13445869 2023-04-01 2024-03-31 13445869 frs-core:CurrentFinancialInstruments 2024-03-31 13445869 frs-core:ComputerEquipment 2024-03-31 13445869 frs-core:ComputerEquipment 2023-04-01 2024-03-31 13445869 frs-core:ComputerEquipment 2023-03-31 13445869 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 13445869 frs-core:OtherResidualIntangibleAssets 2024-03-31 13445869 frs-core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 13445869 frs-core:OtherResidualIntangibleAssets 2023-03-31 13445869 frs-core:ShareCapital 2024-03-31 13445869 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13445869 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13445869 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 13445869 frs-bus:SmallEntities 2023-04-01 2024-03-31 13445869 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13445869 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13445869 frs-bus:Director1 2023-04-01 2024-03-31 13445869 frs-bus:Director2 2023-04-01 2024-03-31 13445869 frs-countries:EnglandWales 2023-04-01 2024-03-31 13445869 2022-03-31 13445869 2023-03-31 13445869 2022-04-01 2023-03-31 13445869 frs-core:CurrentFinancialInstruments 2023-03-31 13445869 frs-core:ShareCapital 2023-03-31 13445869 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13445869
Glow In Colour Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 13445869
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,234 3,352
Tangible Assets 5 475 713
2,709 4,065
CURRENT ASSETS
Stocks 6 1,360 515
Debtors 7 3,924 94
Cash at bank and in hand 5,098 2,327
10,382 2,936
Creditors: Amounts Falling Due Within One Year 8 (14,707 ) (14,026 )
NET CURRENT ASSETS (LIABILITIES) (4,325 ) (11,090 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,616 ) (7,025 )
NET LIABILITIES (1,616 ) (7,025 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement (1,716 ) (7,125 )
SHAREHOLDERS' FUNDS (1,616) (7,025)
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 Income Statement.
On behalf of the board
Tracy Hooper
Director
30/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Glow In Colour Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13445869 . The registered office is Brackens, Lower Wokingham Road, Crowthorne, RG45 6BT.
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. Going Concern Disclosure
The directors have prepared the accounts on the Going Concern basis as they do not intend to liquidate the company or cease its operations.  The company is financially supported by its directors and shareholders, who will continue to ensure the company's liabilities are met as they fall due.  The directors have agreed not to seek repayments for their loans until the company's retained earnings deficit has cleared.
2.3. Turnover
Revenue from the sale of products is recognised on the basis of when the product is sold. Revenue from membership is recognised on the basis of when the membership service is provided, and is recognised in the period the membership is provided.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Amortisation is charged so as to allocate costs of intangibles less their residual values over their estimated useful lives, using the straight line method. The intangible assets are amortised over their useful economic life as follows:
Website - 5 years
2.5. 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:
Computer Equipment 25% straight line
2.6. Stocks and Work in Progress
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 5,586
As at 31 March 2024 5,586
Amortisation
As at 1 April 2023 2,234
Provided during the period 1,118
As at 31 March 2024 3,352
...CONTINUED
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Page 4
Net Book Value
As at 31 March 2024 2,234
As at 1 April 2023 3,352
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 950
As at 31 March 2024 950
Depreciation
As at 1 April 2023 237
Provided during the period 238
As at 31 March 2024 475
Net Book Value
As at 31 March 2024 475
As at 1 April 2023 713
6. Stocks
2024 2023
£ £
Finished goods 1,360 515
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,924 94
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,246 704
Other creditors 12,159 13,322
Taxation and social security 302 -
14,707 14,026
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4