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 11920811 Mr Nigel Muir iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11920811 2023-03-31 11920811 2024-03-31 11920811 2023-04-01 2024-03-31 11920811 frs-core:CurrentFinancialInstruments 2024-03-31 11920811 frs-core:Non-currentFinancialInstruments 2024-03-31 11920811 frs-core:PlantMachinery 2024-03-31 11920811 frs-core:PlantMachinery 2023-04-01 2024-03-31 11920811 frs-core:PlantMachinery 2023-03-31 11920811 frs-core:WithinOneYear 2024-03-31 11920811 frs-core:CapitalRedemptionReserve 2024-03-31 11920811 frs-core:ShareCapital 2024-03-31 11920811 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11920811 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11920811 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11920811 frs-bus:SmallEntities 2023-04-01 2024-03-31 11920811 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11920811 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11920811 frs-bus:Director1 2023-04-01 2024-03-31 11920811 1 2023-04-01 2024-03-31 11920811 frs-countries:EnglandWales 2023-04-01 2024-03-31 11920811 2022-03-31 11920811 2023-03-31 11920811 2022-04-01 2023-03-31 11920811 frs-core:CurrentFinancialInstruments 2023-03-31 11920811 frs-core:Non-currentFinancialInstruments 2023-03-31 11920811 frs-core:BetweenOneFiveYears 2023-03-31 11920811 frs-core:WithinOneYear 2023-03-31 11920811 frs-core:CapitalRedemptionReserve 2023-03-31 11920811 frs-core:ShareCapital 2023-03-31 11920811 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 11920811 1 2022-04-01 2023-03-31
Registered number: 11920811
The Adventure Paddle Company 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: 11920811
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,075 2,331
1,075 2,331
CURRENT ASSETS
Stocks 848 848
Debtors 5 6,381 7,740
Cash at bank and in hand 385 246
7,614 8,834
Creditors: Amounts Falling Due Within One Year 6 (8,417 ) (10,514 )
NET CURRENT ASSETS (LIABILITIES) (803 ) (1,680 )
TOTAL ASSETS LESS CURRENT LIABILITIES 272 651
Creditors: Amounts Falling Due After More Than One Year 7 - (504 )
NET ASSETS 272 147
CAPITAL AND RESERVES
Called up share capital 301 301
Capital redemption reserve 301 301
Profit and Loss Account (330 ) (455 )
SHAREHOLDERS' FUNDS 272 147
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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 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.
On behalf of the board
Mr Nigel Muir
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
The Adventure Paddle Company Ltd. is a private company, limited by shares, incorporated in England & Wales. The company number is 11920811 and the registered office is 12 Model Cottages, London, England, SW14 7PH.
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:
Plant and machinery 25% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets.

Assets acquired under hire purchase contracts are depreciated over their useful lives.

Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company.

Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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 are valued at the lower of cost and estimated selling price less costs to complete and sell.
2.6. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
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2.7. 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.
Deferred tax
Deferred tax has not been recognised as it is not material to the financial statements. The directors will review this annually.
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3. Average Number of Employees
2024 2023
Average number of employees, including directors, during the year 1 2
1 2
4. Tangible Assets
Plant and machinery
£
Cost
As at 1 April 2023 20,228
Disposals (600 )
As at 31 March 2024 19,628
Depreciation
As at 1 April 2023 17,897
Provided during the period 1,256
Disposals (600 )
As at 31 March 2024 18,553
Net Book Value
As at 31 March 2024 1,075
As at 1 April 2023 2,331
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,015 594
Other debtors 4,366 7,146
6,381 7,740
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 504 604
Trade creditors 304 837
Other creditors - 3,645
Taxation and social security 7,609 5,428
8,417 10,514
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 504
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 504 604
Later than one year and not later than five years - 504
504 1,108
504 1,108
9. Directors Advances, Credits and Guarantees
Included within Debtors are loans made to director. The balance at the year end was £4,366 (2023 : £6,711).
The above loan is unsecured, interest free and repayable on demand.
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