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 07142585 Mr Simon Bailey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07142585 2023-02-28 07142585 2024-02-29 07142585 2023-03-01 2024-02-29 07142585 frs-core:CurrentFinancialInstruments 2024-02-29 07142585 frs-core:Non-currentFinancialInstruments 2024-02-29 07142585 frs-core:ComputerEquipment 2024-02-29 07142585 frs-core:ComputerEquipment 2023-03-01 2024-02-29 07142585 frs-core:ComputerEquipment 2023-02-28 07142585 frs-core:FurnitureFittings 2024-02-29 07142585 frs-core:FurnitureFittings 2023-03-01 2024-02-29 07142585 frs-core:FurnitureFittings 2023-02-28 07142585 frs-core:ShareCapital 2024-02-29 07142585 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 07142585 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07142585 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 07142585 frs-bus:SmallEntities 2023-03-01 2024-02-29 07142585 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 07142585 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 07142585 frs-bus:Director1 2023-03-01 2024-02-29 07142585 frs-countries:EnglandWales 2023-03-01 2024-02-29 07142585 2022-02-28 07142585 2023-02-28 07142585 2022-03-01 2023-02-28 07142585 frs-core:CurrentFinancialInstruments 2023-02-28 07142585 frs-core:Non-currentFinancialInstruments 2023-02-28 07142585 frs-core:ShareCapital 2023-02-28 07142585 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 07142585
FAT CAT LEISURE HAMPTON LIMITED
Unaudited Financial Statements
For The Year Ended 29 February 2024
PLS Management
Pls Management
44 Richmond Road
Kingston Upon Thames
KT2 5EE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07142585
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,118 9,107
14,118 9,107
CURRENT ASSETS
Stocks 5 28,896 24,001
Debtors 6 69,909 80,749
Investments 7 29,713 23,713
Cash at bank and in hand 218,449 207,056
346,967 335,519
Creditors: Amounts Falling Due Within One Year 8 (266,827 ) (237,589 )
NET CURRENT ASSETS (LIABILITIES) 80,140 97,930
TOTAL ASSETS LESS CURRENT LIABILITIES 94,258 107,037
Creditors: Amounts Falling Due After More Than One Year 9 (24,003 ) (33,514 )
NET ASSETS 70,255 73,523
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 70,253 73,521
SHAREHOLDERS' FUNDS 70,255 73,523
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Simon Bailey
Director
15/11/2024
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
FAT CAT LEISURE HAMPTON LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 07142585 . The registered office is Bell Inn, 8 Thames Street, Hampton, TW12 2EA.
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:
Fixtures & Fittings 20% straight line
Computer Equipment 33% 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. 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 44 (2023: 28)
44 28
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 74,798 1,289 76,087
Additions 9,148 - 9,148
As at 29 February 2024 83,946 1,289 85,235
Depreciation
As at 1 March 2023 66,765 215 66,980
Provided during the period 3,492 645 4,137
As at 29 February 2024 70,257 860 71,117
Net Book Value
As at 29 February 2024 13,689 429 14,118
As at 1 March 2023 8,033 1,074 9,107
5. Stocks
2024 2023
£ £
Finished goods 28,896 24,001
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 5,445 9,177
Other debtors - 4,583
Director's loan account 47,560 50,085
53,005 63,845
Due after more than one year
Corporation tax recoverable assets 16,904 16,904
69,909 80,749
7. Current Asset Investments
2024 2023
£ £
Short term deposits 29,713 23,713
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 91,608 53,830
Bank loans and overdrafts 166 8,515
Corporation tax 23,480 46,787
Other taxes and social security 31,793 39,440
VAT 61,841 85,774
Net wages 42,416 -
Other creditors 5,027 3,243
Accruals and deferred income 10,496 -
266,827 237,589
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 24,003 33,514
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5