Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 09046942 Mr Cameron Maxwell Mrs Amalie Russell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09046942 2023-02-28 09046942 2024-02-28 09046942 2023-03-01 2024-02-28 09046942 frs-core:CurrentFinancialInstruments 2024-02-28 09046942 frs-core:ComputerEquipment 2024-02-28 09046942 frs-core:ComputerEquipment 2023-03-01 2024-02-28 09046942 frs-core:ComputerEquipment 2023-02-28 09046942 frs-core:FurnitureFittings 2024-02-28 09046942 frs-core:FurnitureFittings 2023-03-01 2024-02-28 09046942 frs-core:FurnitureFittings 2023-02-28 09046942 frs-core:CapitalRedemptionReserve 2024-02-28 09046942 frs-core:SharePremium 2024-02-28 09046942 frs-core:ShareCapital 2024-02-28 09046942 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 09046942 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 09046942 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 09046942 frs-bus:SmallEntities 2023-03-01 2024-02-28 09046942 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 09046942 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 09046942 frs-core:UnlistedNon-exchangeTraded 2024-02-28 09046942 frs-core:UnlistedNon-exchangeTraded 2023-02-28 09046942 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-02-28 09046942 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-02-28 09046942 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-02-28 09046942 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-28 09046942 frs-bus:Director1 2023-03-01 2024-02-28 09046942 frs-bus:Director2 2023-03-01 2024-02-28 09046942 1 2023-03-01 2024-02-28 09046942 frs-countries:EnglandWales 2023-03-01 2024-02-28 09046942 2022-02-28 09046942 2023-02-28 09046942 2022-03-01 2023-02-28 09046942 frs-core:CurrentFinancialInstruments 2023-02-28 09046942 frs-core:CapitalRedemptionReserve 2023-02-28 09046942 frs-core:SharePremium 2023-02-28 09046942 frs-core:ShareCapital 2023-02-28 09046942 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 09046942 1 2022-03-01 2023-02-28
Registered number: 09046942
Two Igloos Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09046942
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,366 3,376
Investments 5 1 1
5,367 3,377
CURRENT ASSETS
Debtors 6 140,761 84,616
Cash at bank and in hand 24,437 127,169
165,198 211,785
Creditors: Amounts Falling Due Within One Year 7 (152,211 ) (93,467 )
NET CURRENT ASSETS (LIABILITIES) 12,987 118,318
TOTAL ASSETS LESS CURRENT LIABILITIES 18,354 121,695
PROVISIONS FOR LIABILITIES
Deferred Taxation (693 ) (693 )
NET ASSETS 17,661 121,002
CAPITAL AND RESERVES
Called up share capital 554 1,000
Share premium account 2,391 -
Capital redemption reserve 500 -
Profit and Loss Account 14,216 120,002
SHAREHOLDERS' FUNDS 17,661 121,002
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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 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 Cameron Maxwell
Director
27 November 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Two Igloos Limited is a private company, limited by shares, incorporated in England & Wales, the registered number is 09046942 . The registered office is 119 Pancras Road, London, NW1 1UN.
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 value added taxes. Turnover is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can 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:
Office equipment 25% straight line
Computer equipment 25% straight line
2.4. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
2.5. Foreign Currencies
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
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current 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.
...CONTINUED
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2.6. Taxation - continued
Deferred tax 
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.
Deferred tax is only adjusted if the change in the timing difference is material. 
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.
2.8. Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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3. Average Number of Employees
2024 2023
Average number of employees, including directors, during the year 2 3
2 3
4. Tangible Assets
Office equipment Computer equipment Total
£ £ £
Cost
As at 1 March 2023 - 12,472 12,472
Additions 2,823 879 3,702
As at 28 February 2024 2,823 13,351 16,174
Depreciation
As at 1 March 2023 - 9,096 9,096
Provided during the period 342 1,370 1,712
As at 28 February 2024 342 10,466 10,808
Net Book Value
As at 28 February 2024 2,481 2,885 5,366
As at 1 March 2023 - 3,376 3,376
5. Investments
Unlisted
£
Cost
As at 1 March 2023 1
As at 28 February 2024 1
Provision
As at 1 March 2023 -
As at 28 February 2024 -
Net Book Value
As at 28 February 2024 1
As at 1 March 2023 1
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 81,861 51,947
Other debtors 58,900 32,669
140,761 84,616
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 23,065 2,722
Amounts owed to group undertakings 20,405 21,766
Other creditors 59,861 33,743
Taxation and social security 48,880 35,236
152,211 93,467
8. Related Party Transactions
The amount due to group undertaking at the year end was £20,405 (2023 : £21,766)
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