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 10305110 Miss E M Moeglin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10305110 2023-03-31 10305110 2024-03-31 10305110 2023-04-01 2024-03-31 10305110 frs-core:CurrentFinancialInstruments 2024-03-31 10305110 frs-core:Non-currentFinancialInstruments 2024-03-31 10305110 frs-core:BetweenOneFiveYears 2024-03-31 10305110 frs-core:FurnitureFittings 2024-03-31 10305110 frs-core:FurnitureFittings 2023-04-01 2024-03-31 10305110 frs-core:FurnitureFittings 2023-03-31 10305110 frs-core:PlantMachinery 2023-04-01 2024-03-31 10305110 frs-core:WithinOneYear 2024-03-31 10305110 frs-core:ShareCapital 2024-03-31 10305110 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10305110 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10305110 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10305110 frs-bus:SmallEntities 2023-04-01 2024-03-31 10305110 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10305110 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10305110 frs-bus:Director1 2023-04-01 2024-03-31 10305110 frs-countries:EnglandWales 2023-04-01 2024-03-31 10305110 2022-03-31 10305110 2023-03-31 10305110 2022-04-01 2023-03-31 10305110 frs-core:CurrentFinancialInstruments 2023-03-31 10305110 frs-core:Non-currentFinancialInstruments 2023-03-31 10305110 frs-core:BetweenOneFiveYears 2023-03-31 10305110 frs-core:WithinOneYear 2023-03-31 10305110 frs-core:ShareCapital 2023-03-31 10305110 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10305110
Experimental Perfume Club Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10305110
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 31,687 33,894
31,687 33,894
CURRENT ASSETS
Stocks 5 122,910 104,111
Debtors 6 93,751 30,553
Cash at bank and in hand 85,243 40,473
301,904 175,137
Creditors: Amounts Falling Due Within One Year 7 (212,189 ) (106,433 )
NET CURRENT ASSETS (LIABILITIES) 89,715 68,704
TOTAL ASSETS LESS CURRENT LIABILITIES 121,402 102,598
Creditors: Amounts Falling Due After More Than One Year 8 (37,524 ) (54,501 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,049 ) (6,440 )
NET ASSETS 77,829 41,657
CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Profit and Loss Account 57,829 21,657
SHAREHOLDERS' FUNDS 77,829 41,657
Page 1
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 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
Miss E M Moeglin
Director
29/11/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Experimental Perfume Club Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10305110 . The registered office is 53 Monmouth Street, London, WC2H 9DG.
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. 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 20% to 50% on cost
Fixtures & Fittings 20% on cost
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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. 
2.6. 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.
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2.7. 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 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 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.
2.8. 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
Average number of employees, including directors, during the year was: 5 (2023: 4)
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2023 100,454
Additions 14,916
Disposals (566 )
As at 31 March 2024 114,804
...CONTINUED
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Depreciation
As at 1 April 2023 66,560
Provided during the period 16,972
Disposals (415 )
As at 31 March 2024 83,117
Net Book Value
As at 31 March 2024 31,687
As at 1 April 2023 33,894
5. Stocks
2024 2023
£ £
Stock 122,910 104,111
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 63,510 6,068
Other debtors 30,241 24,485
93,751 30,553
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 37,664 4,440
Bank loans and overdrafts 20,956 26,121
Other creditors 95,738 62,884
Taxation and social security 57,831 12,988
212,189 106,433
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 37,524 54,501
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9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 29,803 45,018
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 60,000 60,000
Later than one year and not later than five years 60,000 -
120,000 60,000
11. Related Party Transactions
During the year the company made purchases of £6,210 (2023 - £2,473) form EPC SAS (a french company under the control of E Moeglin). As at 31 March 2024, EPC SAS owed the company £9,168 (2023 - £929).
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