Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 07531084 Mrs Kirsten Cracknell Mr Guy Cracknell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07531084 2023-02-28 07531084 2024-02-29 07531084 2023-03-01 2024-02-29 07531084 frs-core:ComputerEquipment 2023-03-01 2024-02-29 07531084 frs-core:FurnitureFittings 2023-03-01 2024-02-29 07531084 frs-core:NetGoodwill 2023-03-01 2024-02-29 07531084 frs-core:MotorVehicles 2023-03-01 2024-02-29 07531084 frs-core:PlantMachinery 2023-03-01 2024-02-29 07531084 frs-core:ShareCapital 2024-02-29 07531084 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 07531084 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07531084 frs-bus:AbridgedAccounts 2023-03-01 2024-02-29 07531084 frs-bus:SmallEntities 2023-03-01 2024-02-29 07531084 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 07531084 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 07531084 frs-bus:Director1 2023-03-01 2024-02-29 07531084 frs-bus:Director1 2023-02-28 07531084 frs-bus:Director1 2024-02-29 07531084 frs-bus:Director2 2023-03-01 2024-02-29 07531084 frs-bus:Director2 2023-02-28 07531084 frs-bus:Director2 2024-02-29 07531084 frs-countries:EnglandWales 2023-03-01 2024-02-29 07531084 2022-02-28 07531084 2023-02-28 07531084 2022-03-01 2023-02-28 07531084 frs-core:ShareCapital 2023-02-28 07531084 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 07531084
Guy Cracknell Graphic Design Limited
ABRIDGED Financial Statements
For The Year Ended 29 February 2024
One Plus One Ltd
34/36 Fore Street
Bovey Tracey
Devon
TQ13 9AE
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 07531084
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 10,000 10,000
Tangible Assets 5 3,637 5,801
13,637 15,801
CURRENT ASSETS
Debtors 17,233 23,623
Cash at bank and in hand 101,320 101,774
118,553 125,397
Creditors: Amounts Falling Due Within One Year (22,195 ) (23,068 )
NET CURRENT ASSETS (LIABILITIES) 96,358 102,329
TOTAL ASSETS LESS CURRENT LIABILITIES 109,995 118,130
NET ASSETS 109,995 118,130
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 109,895 118,030
SHAREHOLDERS' FUNDS 109,995 118,130
Page 1
Page 2
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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 29 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Guy Cracknell
Director
11 November 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
Guy Cracknell Graphic Design Limited Registered number 07531084 is a limited by shares company incorporated in England & Wales. The Registered Office is 34-36 Fore Street, Bovey Tracey, Devon, TQ13 9AE.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33.33% straight line
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Intangible Assets
Total
£
Cost
As at 1 March 2023 10,000
As at 29 February 2024 10,000
Net Book Value
As at 29 February 2024 10,000
As at 1 March 2023 10,000
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Page 4
5. Tangible Assets
Total
£
Cost
As at 1 March 2023 48,574
Additions 463
As at 29 February 2024 49,037
Depreciation
As at 1 March 2023 42,773
Provided during the period 2,627
As at 29 February 2024 45,400
Net Book Value
As at 29 February 2024 3,637
As at 1 March 2023 5,801
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 29 February 2024
£ £ £ £ £
Mrs Kirsten Cracknell 5,639 - 104 - 5,535
Mr Guy Cracknell 5,640 - 104 - 5,536
The above loans are unsecured, interest free and repayable on demand.
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