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 09807882 Mr Neil Howarth Mrs Julia Howarth iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09807882 2023-03-31 09807882 2024-03-31 09807882 2023-04-01 2024-03-31 09807882 frs-core:CurrentFinancialInstruments 2024-03-31 09807882 frs-core:Non-currentFinancialInstruments 2024-03-31 09807882 frs-core:ComputerEquipment 2024-03-31 09807882 frs-core:ComputerEquipment 2023-04-01 2024-03-31 09807882 frs-core:ComputerEquipment 2023-03-31 09807882 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 09807882 frs-core:FurnitureFittings 2024-03-31 09807882 frs-core:FurnitureFittings 2023-04-01 2024-03-31 09807882 frs-core:FurnitureFittings 2023-03-31 09807882 frs-core:MotorVehicles 2024-03-31 09807882 frs-core:MotorVehicles 2023-04-01 2024-03-31 09807882 frs-core:MotorVehicles 2023-03-31 09807882 frs-core:OtherResidualIntangibleAssets 2024-03-31 09807882 frs-core:OtherResidualIntangibleAssets 2023-03-31 09807882 frs-core:PlantMachinery 2024-03-31 09807882 frs-core:PlantMachinery 2023-04-01 2024-03-31 09807882 frs-core:PlantMachinery 2023-03-31 09807882 frs-core:ShareCapital 2024-03-31 09807882 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09807882 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09807882 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09807882 frs-bus:SmallEntities 2023-04-01 2024-03-31 09807882 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09807882 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09807882 frs-bus:Director1 2023-04-01 2024-03-31 09807882 frs-bus:Director2 2023-04-01 2024-03-31 09807882 frs-countries:EnglandWales 2023-04-01 2024-03-31 09807882 2022-03-31 09807882 2023-03-31 09807882 2022-04-01 2023-03-31 09807882 frs-core:CurrentFinancialInstruments 2023-03-31 09807882 frs-core:Non-currentFinancialInstruments 2023-03-31 09807882 frs-core:ShareCapital 2023-03-31 09807882 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 09807882
Fish Bears Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
David H Evans Ltd
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 09807882
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 10,559 12,523
10,559 12,523
CURRENT ASSETS
Stocks 6 171,265 165,462
Debtors 7 8,735 8,649
Cash at bank and in hand 5,414 10,153
185,414 184,264
Creditors: Amounts Falling Due Within One Year 8 (60,087 ) (72,316 )
NET CURRENT ASSETS (LIABILITIES) 125,327 111,948
TOTAL ASSETS LESS CURRENT LIABILITIES 135,886 124,471
Creditors: Amounts Falling Due After More Than One Year 9 (127,370 ) (121,430 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,006 ) (3,012 )
NET ASSETS 6,510 29
CAPITAL AND RESERVES
Called up share capital 10 100 100
Income Statement 6,410 (71 )
SHAREHOLDERS' FUNDS 6,510 29
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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 Income Statement.
On behalf of the board
Mr Neil Howarth
Director
05/11/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Fish Bears Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09807882 . The registered office is Unit 27B Mitton Road Business Park, Mitton Road, Whalley, Clitheroe, BB7 9YE.
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 - Other Intangible
Other intangible assets are .... It is amortised to income statement over its estimated economic life of .... 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% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment Straight line over 4 years
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.
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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 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 8,000
As at 31 March 2024 8,000
Amortisation
As at 1 April 2023 8,000
As at 31 March 2024 8,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 1,007 13,995 7,329 4,890 27,221
Additions - - - 1,041 1,041
As at 31 March 2024 1,007 13,995 7,329 5,931 28,262
Depreciation
As at 1 April 2023 751 5,038 4,819 4,090 14,698
Provided during the period 51 1,792 502 660 3,005
As at 31 March 2024 802 6,830 5,321 4,750 17,703
Net Book Value
As at 31 March 2024 205 7,165 2,008 1,181 10,559
As at 1 April 2023 256 8,957 2,510 800 12,523
6. Stocks
2024 2023
£ £
Stock 171,265 165,462
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 125
Prepayments and accrued income 4,778 5,710
Other debtors 3,413 1,959
VAT 544 855
8,735 8,649
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 44,973 57,637
Bank loans and overdrafts 10,649 10,649
Corporation tax 1,979 1,699
Other taxes and social security 600 543
Accruals and deferred income 1,886 1,788
60,087 72,316
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 15,948 25,783
Directors loan account 111,422 95,647
127,370 121,430
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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