Acorah Software Products - Accounts Production 16.0.110 false true true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 11820602 Mr Matthew Marshall Mr Matthew Marshall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11820602 2023-02-28 11820602 2024-02-29 11820602 2023-03-01 2024-02-29 11820602 frs-core:Non-currentFinancialInstruments 2024-02-29 11820602 frs-core:PlantMachinery 2023-03-01 2024-02-29 11820602 frs-core:ShareCapital 2024-02-29 11820602 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11820602 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11820602 frs-bus:AbridgedAccounts 2023-03-01 2024-02-29 11820602 frs-bus:SmallEntities 2023-03-01 2024-02-29 11820602 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11820602 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11820602 frs-bus:Director1 2023-03-01 2024-02-29 11820602 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 11820602 frs-countries:EnglandWales 2023-03-01 2024-02-29 11820602 2022-02-28 11820602 2023-02-28 11820602 2022-03-01 2023-02-28 11820602 frs-core:Non-currentFinancialInstruments 2023-02-28 11820602 frs-core:ShareCapital 2023-02-28 11820602 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 11820602
QUOTE MY WALL LTD
Unaudited ABRIDGED Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 11820602
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,152 28,682
26,152 28,682
CURRENT ASSETS
Stocks 8,240 2,950
Debtors 13,435 9,179
Cash at bank and in hand 4,664 8,349
26,339 20,478
Creditors: Amounts Falling Due Within One Year (25,773 ) (21,973 )
NET CURRENT ASSETS (LIABILITIES) 566 (1,495 )
TOTAL ASSETS LESS CURRENT LIABILITIES 26,718 27,187
Creditors: Amounts Falling Due After More Than One Year (24,926 ) (23,293 )
NET ASSETS 1,792 3,894
CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and Loss Account 1,791 3,893
SHAREHOLDERS' FUNDS 1,792 3,894
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.
All of the company's members have consented to the preparation of 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 Matthew Marshall
Director
18/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
QUOTE MY WALL LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11820602 . The registered office is 1 Palmeira Road, Bexleyheath, DA7 4UU.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the director has reasonable expectation that the company has
adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to
adopt the going concern basis of accounting in preparing the financial statements.
2.3. 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. 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.
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:
Plant & Machinery St 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
Income tax expense represents the sum of the tax currently payable.
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Total
£
Cost
As at 1 March 2023 40,357
As at 29 February 2024 40,357
Depreciation
As at 1 March 2023 11,675
Provided during the period 2,530
As at 29 February 2024 14,205
Net Book Value
As at 29 February 2024 26,152
As at 1 March 2023 28,682
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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