Acorah Software Products - Accounts Production 16.0.110 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11034011 Mr Chris Onslow Mr James Bagley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11034011 2022-12-31 11034011 2023-12-31 11034011 2023-01-01 2023-12-31 11034011 frs-core:CurrentFinancialInstruments 2023-12-31 11034011 frs-core:Non-currentFinancialInstruments 2023-12-31 11034011 frs-core:ComputerEquipment 2023-12-31 11034011 frs-core:ComputerEquipment 2023-01-01 2023-12-31 11034011 frs-core:ComputerEquipment 2022-12-31 11034011 frs-core:FurnitureFittings 2023-12-31 11034011 frs-core:FurnitureFittings 2023-01-01 2023-12-31 11034011 frs-core:FurnitureFittings 2022-12-31 11034011 frs-core:PlantMachinery 2023-12-31 11034011 frs-core:PlantMachinery 2023-01-01 2023-12-31 11034011 frs-core:PlantMachinery 2022-12-31 11034011 frs-core:OtherReservesSubtotal 2023-12-31 11034011 frs-core:SharePremium 2023-12-31 11034011 frs-core:ShareCapital 2023-12-31 11034011 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11034011 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11034011 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11034011 frs-bus:SmallEntities 2023-01-01 2023-12-31 11034011 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11034011 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11034011 frs-core:CostValuation 2022-12-31 11034011 frs-core:CostValuation 2023-12-31 11034011 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 11034011 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 11034011 frs-bus:Director1 2023-01-01 2023-12-31 11034011 frs-bus:Director2 2023-01-01 2023-12-31 11034011 frs-countries:EnglandWales 2023-01-01 2023-12-31 11034011 2021-12-31 11034011 2022-12-31 11034011 2022-01-01 2022-12-31 11034011 frs-core:CurrentFinancialInstruments 2022-12-31 11034011 frs-core:Non-currentFinancialInstruments 2022-12-31 11034011 frs-core:OtherReservesSubtotal 2022-12-31 11034011 frs-core:SharePremium 2022-12-31 11034011 frs-core:ShareCapital 2022-12-31 11034011 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11034011
War Paint Mens Grooming Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11034011
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 51,516 90,280
Investments 5 75 75
51,591 90,355
CURRENT ASSETS
Stocks 6 379,116 483,184
Debtors 7 36,439 206,887
Cash at bank and in hand 119,739 136,759
535,294 826,830
Creditors: Amounts Falling Due Within One Year 8 (474,501 ) (855,198 )
NET CURRENT ASSETS (LIABILITIES) 60,793 (28,368 )
TOTAL ASSETS LESS CURRENT LIABILITIES 112,384 61,987
Creditors: Amounts Falling Due After More Than One Year 9 (1,490,981 ) (526,630 )
NET LIABILITIES (1,378,597 ) (464,643 )
CAPITAL AND RESERVES
Called up share capital 10 412 412
Share premium account 3,226,701 3,226,701
Other reserves 130,908 130,908
Profit and Loss Account (4,736,618 ) (3,822,664 )
SHAREHOLDERS' FUNDS (1,378,597) (464,643)
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For the year ending 31 December 2023 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 James Bagley
Director
08/11/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
War Paint Mens Grooming Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11034011 . The registered office is Odeon House, 146 College Road, Harrow, HA1 1BH.
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
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.4. 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.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 12)
5 12
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 17,320 118,180 31,487 166,987
Additions - - 1,648 1,648
As at 31 December 2023 17,320 118,180 33,135 168,635
...CONTINUED
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Depreciation
As at 1 January 2023 9,996 51,212 15,499 76,707
Provided during the period 3,366 29,275 7,771 40,412
As at 31 December 2023 13,362 80,487 23,270 117,119
Net Book Value
As at 31 December 2023 3,958 37,693 9,865 51,516
As at 1 January 2023 7,324 66,968 15,988 90,280
5. Investments
Other
£
Cost
As at 1 January 2023 75
As at 31 December 2023 75
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 75
As at 1 January 2023 75
6. Stocks
2023 2022
£ £
Stock 379,116 483,184
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 8,473 16,789
Other debtors 27,966 190,098
36,439 206,887
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 274,092 302,669
Bank loans and overdrafts 9,851 9,851
Other creditors 152,315 341,232
Taxation and social security 38,243 201,446
474,501 855,198
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9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 15,981 26,630
Other loans 1,475,000 500,000
1,490,981 526,630
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 412 412
11. Related Party Transactions
At the year end, included within debtors due within one year there are amounts due to the company by the directors of £7,410 (2022: £7,410).
At the year end, included within creditors due within one year there are amounts owed to a director by the company of £40,448 (2022: £40,448).
The company has taken exemption from disclosing related party transactions between wholly owned group members under paragraph 33.1A of FRS 102.
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