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 09281484 Mr John Wilson Mrs Michelle Wilson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09281484 2023-03-31 09281484 2024-03-31 09281484 2023-04-01 2024-03-31 09281484 frs-core:CurrentFinancialInstruments 2024-03-31 09281484 frs-core:Non-currentFinancialInstruments 2024-03-31 09281484 frs-core:BetweenOneFiveYears 2024-03-31 09281484 frs-core:ComputerEquipment 2024-03-31 09281484 frs-core:ComputerEquipment 2023-04-01 2024-03-31 09281484 frs-core:ComputerEquipment 2023-03-31 09281484 frs-core:FurnitureFittings 2024-03-31 09281484 frs-core:FurnitureFittings 2023-04-01 2024-03-31 09281484 frs-core:FurnitureFittings 2023-03-31 09281484 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 09281484 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 09281484 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 09281484 frs-core:WithinOneYear 2024-03-31 09281484 frs-core:ShareCapital 2024-03-31 09281484 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09281484 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09281484 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09281484 frs-bus:SmallEntities 2023-04-01 2024-03-31 09281484 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09281484 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09281484 frs-bus:Director1 2023-04-01 2024-03-31 09281484 frs-bus:Director1 2023-03-31 09281484 frs-bus:Director1 2024-03-31 09281484 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 09281484 frs-core:CurrentFinancialInstruments 1 2024-03-31 09281484 frs-core:CurrentFinancialInstruments 2 2024-03-31 09281484 frs-countries:EnglandWales 2023-04-01 2024-03-31 09281484 2022-03-31 09281484 2023-03-31 09281484 2022-04-01 2023-03-31 09281484 frs-core:CurrentFinancialInstruments 2023-03-31 09281484 frs-core:Non-currentFinancialInstruments 2023-03-31 09281484 frs-core:BetweenOneFiveYears 2023-03-31 09281484 frs-core:WithinOneYear 2023-03-31 09281484 frs-core:ShareCapital 2023-03-31 09281484 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 09281484 frs-core:CurrentFinancialInstruments 1 2023-03-31 09281484 frs-core:CurrentFinancialInstruments 2 2023-03-31
Registered number: 09281484
Fountain Ridge Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Profit Guide Accountants Ltd
Chartered Accountants
7 North Road
Great Yeldham
Halstead
CO9 4QA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09281484
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 70,948 82,275
70,948 82,275
CURRENT ASSETS
Stocks 5 8,000 8,000
Debtors 6 15,556 20,475
23,556 28,475
Creditors: Amounts Falling Due Within One Year 7 (192,505 ) (131,712 )
NET CURRENT ASSETS (LIABILITIES) (168,949 ) (103,237 )
TOTAL ASSETS LESS CURRENT LIABILITIES (98,001 ) (20,962 )
Creditors: Amounts Falling Due After More Than One Year 8 (113,233 ) (101,108 )
NET LIABILITIES (211,234 ) (122,070 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (211,334 ) (122,170 )
SHAREHOLDERS' FUNDS (211,234) (122,070)
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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 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 John Wilson
Director
26 November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Fountain Ridge Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09281484 . The registered office is 11 Bishop Hall Lane, Chelmsford, Essex, CM1 1SH.
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 and services
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 paid for the items.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Leasehold 20% straight line
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
Sales, marketing and distribution 20 20
22 22
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4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 57,367 86,415 15,140 158,922
Additions - 13,600 - 13,600
As at 31 March 2024 57,367 100,015 15,140 172,522
Depreciation
As at 1 April 2023 30,862 39,439 6,346 76,647
Provided during the period 11,058 12,115 1,754 24,927
As at 31 March 2024 41,920 51,554 8,100 101,574
Net Book Value
As at 31 March 2024 15,447 48,461 7,040 70,948
As at 1 April 2023 26,505 46,976 8,794 82,275
5. Stocks
2024 2023
£ £
Materials 8,000 8,000
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 11,140 1,210
Corporation tax recoverable assets 4,416 5,676
Director's loan account - 13,589
15,556 20,475
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,448 6,088
Trade creditors 34,488 22,185
Bank loans and overdrafts 135,536 90,470
Other taxes and social security 1,409 1,872
VAT 5,292 10,463
Other creditors pension due 86 126
Other loans 4,542 -
Accruals and deferred income 561 508
Director's loan account 4,143 -
192,505 131,712
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,681 12,535
Bank loans 71,458 88,573
Other loans 35,094 -
113,233 101,108
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,448 6,088
Later than one year and not later than five years 6,681 12,535
13,129 18,623
13,129 18,623
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr John Wilson (13,589 ) - 13,589 - -
The above loan is unsecured, with interest charged at the official rate and repayable on demand.
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