Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 09826463 Mr W Hemming-Jones Mrs D Hemming-Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09826463 2023-03-31 09826463 2024-03-31 09826463 2023-04-01 2024-03-31 09826463 frs-core:CurrentFinancialInstruments 2024-03-31 09826463 frs-core:ComputerEquipment 2024-03-31 09826463 frs-core:ComputerEquipment 2023-04-01 2024-03-31 09826463 frs-core:ComputerEquipment 2023-03-31 09826463 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 09826463 frs-core:FurnitureFittings 2024-03-31 09826463 frs-core:FurnitureFittings 2023-04-01 2024-03-31 09826463 frs-core:FurnitureFittings 2023-03-31 09826463 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 09826463 frs-core:OtherResidualIntangibleAssets 2024-03-31 09826463 frs-core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 09826463 frs-core:OtherResidualIntangibleAssets 2023-03-31 09826463 frs-core:SharePremium 2024-03-31 09826463 frs-core:ShareCapital 2024-03-31 09826463 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09826463 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09826463 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09826463 frs-bus:SmallEntities 2023-04-01 2024-03-31 09826463 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09826463 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09826463 frs-bus:Director1 2023-04-01 2024-03-31 09826463 frs-bus:Director1 2023-03-31 09826463 frs-bus:Director1 2024-03-31 09826463 frs-bus:Director2 2023-04-01 2024-03-31 09826463 frs-bus:Director2 2023-03-31 09826463 frs-bus:Director2 2024-03-31 09826463 frs-countries:EnglandWales 2023-04-01 2024-03-31 09826463 2022-03-31 09826463 2023-03-31 09826463 2022-04-01 2023-03-31 09826463 frs-core:CurrentFinancialInstruments 2023-03-31 09826463 frs-core:SharePremium 2023-03-31 09826463 frs-core:ShareCapital 2023-03-31 09826463 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 09826463
Little White Feather Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09826463
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 158,178 177,845
Tangible Assets 5 9,112 7,900
167,290 185,745
CURRENT ASSETS
Debtors 6 264,601 (1,443 )
Cash at bank and in hand 124,380 51,794
388,981 50,351
Creditors: Amounts Falling Due Within One Year 7 (310,967 ) (74,807 )
NET CURRENT ASSETS (LIABILITIES) 78,014 (24,456 )
TOTAL ASSETS LESS CURRENT LIABILITIES 245,304 161,289
NET ASSETS 245,304 161,289
CAPITAL AND RESERVES
Called up share capital 8 2 2
Share premium account 119,988 119,988
Profit and Loss Account 125,314 41,299
SHAREHOLDERS' FUNDS 245,304 161,289
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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 Profit and Loss Account.
On behalf of the board
Mr W Hemming-Jones
Director
Mrs D Hemming-Jones
Director
18/11/2024
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
Little White Feather Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09826463 . The registered office is St James House, 65 Mere Green Road, Sutton Coldfield, B75 5BY.
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 for software development. It is amortised to profit and loss account over its estimated economic life of 10 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:
Leasehold 3 years straightline
Fixtures & Fittings 33.33% straight line
Computer Equipment 33.33% straight line
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.
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.
...CONTINUED
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2.6. Taxation - continued
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: 2 (2023: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 196,667
As at 31 March 2024 196,667
Amortisation
As at 1 April 2023 18,822
Provided during the period 19,667
As at 31 March 2024 38,489
Net Book Value
As at 31 March 2024 158,178
As at 1 April 2023 177,845
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 3,297 9,935 13,232
Additions - 5,912 5,912
Disposals - (4,496 ) (4,496 )
As at 31 March 2024 3,297 11,351 14,648
Depreciation
As at 1 April 2023 881 4,451 5,332
Provided during the period 966 2,446 3,412
Disposals - (3,208 ) (3,208 )
As at 31 March 2024 1,847 3,689 5,536
Net Book Value
As at 31 March 2024 1,450 7,662 9,112
As at 1 April 2023 2,416 5,484 7,900
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,782 (3,779 )
Other debtors 256,689 2,206
Amounts owed by associates 130 130
264,601 (1,443 )
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 225,661 14,758
Bank loans and overdrafts 24,248 8,236
Other taxes and social security 31,672 14,157
Other creditors 29,386 37,656
310,967 74,807
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr W Hemming-Jones (6,856 ) 15,599 6,856 - 15,599
Mrs D Hemming-Jones (6,856 ) 15,598 6,856 - 15,598
The above loan is unsecured, interest free and repayable on demand.  The loans were cleared via dividend shortly after the year end.
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