Acorah Software Products - Accounts Production 14.6.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 09594999 Mr A James Mrs H James iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09594999 2023-03-31 09594999 2024-03-31 09594999 2023-04-01 2024-03-31 09594999 frs-core:CurrentFinancialInstruments 2024-03-31 09594999 frs-core:Non-currentFinancialInstruments 2024-03-31 09594999 frs-core:ComputerEquipment 2024-03-31 09594999 frs-core:ComputerEquipment 2023-04-01 2024-03-31 09594999 frs-core:ComputerEquipment 2023-03-31 09594999 frs-core:NetGoodwill 2024-03-31 09594999 frs-core:NetGoodwill 2023-04-01 2024-03-31 09594999 frs-core:NetGoodwill 2023-03-31 09594999 frs-core:ShareCapital 2024-03-31 09594999 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09594999 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09594999 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09594999 frs-bus:SmallEntities 2023-04-01 2024-03-31 09594999 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09594999 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09594999 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 09594999 frs-bus:OrdinaryShareClass1 2024-03-31 09594999 frs-bus:Director1 2023-04-01 2024-03-31 09594999 frs-bus:Director2 2023-04-01 2024-03-31 09594999 frs-countries:EnglandWales 2023-04-01 2024-03-31 09594999 2022-03-31 09594999 2023-03-31 09594999 2022-04-01 2023-03-31 09594999 frs-core:CurrentFinancialInstruments 2023-03-31 09594999 frs-core:Non-currentFinancialInstruments 2023-03-31 09594999 frs-core:ShareCapital 2023-03-31 09594999 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 09594999 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31
Registered number: 09594999
The South Wales Foot Clinic Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Mr A James
Mrs H James
Company Number 09594999
Registered Office 10 Blackberry Drive
Barry
Vale of Glamorgan
CF62 7JR
Accountants DW Accountancy Services
Chartered Certified Accountants
Tramshed Tech
Unit 3, Goodsheds Lofts
Hood Road
Barry
CF62 5QT
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Balance Sheet
Registered number: 09594999
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,000 2,000
Tangible Assets 5 568 88
1,568 2,088
CURRENT ASSETS
Stocks 6 550 550
Debtors 7 35,006 38,395
Cash at bank and in hand 2,574 975
38,130 39,920
Creditors: Amounts Falling Due Within One Year 8 (35,766 ) (35,393 )
NET CURRENT ASSETS (LIABILITIES) 2,364 4,527
TOTAL ASSETS LESS CURRENT LIABILITIES 3,932 6,615
Creditors: Amounts Falling Due After More Than One Year 9 (3,083 ) (5,713 )
NET ASSETS 849 902
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 847 900
SHAREHOLDERS' FUNDS 849 902
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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 Profit and Loss Account.
On behalf of the board
Mr A James
Director
05/11/2024
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
The South Wales Foot Clinic Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09594999 . The registered office is 10 Blackberry Drive, Barry, Vale of Glamorgan, CF62 7JR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements are prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied, other than where additional disclosure is required to show a true and fair view. The financial statements are prepared under the historical cost convention.
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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from the rendering of services is recognised in the period to which it relates.
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. It is amortised to the 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:
Computer Equipment 25% straight line
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.
2.6. Taxation
The 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 profit and loss account because of items of income or expense that are taxable or deductible in other years 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 assets reflect 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 relate 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.
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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
The average number of employees, including directors, during the year was as follows: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 10,000
As at 31 March 2024 10,000
Amortisation
As at 1 April 2023 8,000
Provided during the period 1,000
As at 31 March 2024 9,000
Net Book Value
As at 31 March 2024 1,000
As at 1 April 2023 2,000
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 2,281
Additions 596
As at 31 March 2024 2,877
Depreciation
As at 1 April 2023 2,193
Provided during the period 116
As at 31 March 2024 2,309
Net Book Value
As at 31 March 2024 568
As at 1 April 2023 88
6. Stocks
2024 2023
£ £
Stock 550 550
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 14,144 8,717
Other debtors 20,862 29,678
35,006 38,395
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 2,629 2,629
Corporation tax 22,976 22,420
Other taxes and social security 20 -
Other creditors 10,141 10,344
35,766 35,393
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,083 5,713
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1 each 2 2
11. Directors Advances, Credits and Guarantees
As at 31 March 2024, the balance owed to the company by the director, Mr A James, was £13,213 (2023: £22,963). This balance is disclosed within other debtors - see note 7.
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