Acorah Software Products - Accounts Production 16.0.110 false true true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 11217798 Mrs F R Wilson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11217798 2023-02-28 11217798 2024-02-28 11217798 2023-03-01 2024-02-28 11217798 frs-core:Non-currentFinancialInstruments 2024-02-28 11217798 frs-core:ComputerEquipment 2024-02-28 11217798 frs-core:ComputerEquipment 2023-03-01 2024-02-28 11217798 frs-core:ComputerEquipment 2023-02-28 11217798 frs-core:ShareCapital 2024-02-28 11217798 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 11217798 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 11217798 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 11217798 frs-bus:SmallEntities 2023-03-01 2024-02-28 11217798 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 11217798 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 11217798 frs-bus:Director1 2023-03-01 2024-02-28 11217798 frs-countries:EnglandWales 2023-03-01 2024-02-28 11217798 2022-02-28 11217798 2023-02-28 11217798 2022-03-01 2023-02-28 11217798 frs-core:CurrentFinancialInstruments 2023-02-28 11217798 frs-core:Non-currentFinancialInstruments 2023-02-28 11217798 frs-core:ShareCapital 2023-02-28 11217798 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 11217798
Edith & Owen Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11217798
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,356 -
2,356 -
CURRENT ASSETS
Stocks 5 - 7,000
Cash at bank and in hand 15,995 12,019
15,995 19,019
Creditors: Amounts Falling Due Within One Year 6 (91,393 ) (108,491 )
NET CURRENT ASSETS (LIABILITIES) (75,398 ) (89,472 )
TOTAL ASSETS LESS CURRENT LIABILITIES (73,042 ) (89,472 )
Creditors: Amounts Falling Due After More Than One Year 7 (11,806 ) (13,472 )
NET LIABILITIES (84,848 ) (102,944 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (84,849 ) (102,945 )
SHAREHOLDERS' FUNDS (84,848) (102,944)
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Page 2
For the year ending 28 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 her 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
Mrs F R Wilson
Director
22nd November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Edith & Owen Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11217798 . The registered office is 21 Beechwood Avenue, Chatham, Kent, ME5 7HH.
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. Going Concern Disclosure
The accounts have been prepared on a going concern basis. This basis may not be appropriate because the company has, at 28 February 2024, net liabilities of £84,848 (2023: £102,944). The validity of the going concern basis is dependent upon the continued support of the director.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.
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.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying value amount and are recognised in the Income Statement.
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. Debtors
 Short term debtors are measured at transaction price, less any impairment.
2.7. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial instruments.
2.8. Creditors
Short term creditors are measured at the transaction price.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: )
- -
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2023 -
Additions 2,693
As at 28 February 2024 2,693
Depreciation
As at 1 March 2023 -
Provided during the period 337
As at 28 February 2024 337
Net Book Value
As at 28 February 2024 2,356
As at 1 March 2023 -
5. Stocks
2024 2023
£ £
Stock - 7,000
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Other creditors 91,393 108,490
91,393 108,491
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,806 13,472
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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