Acorah Software Products - Accounts Production 16.0.110 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 05407057 Mr Alain Foussat Ms Carol Foussat true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05407057 2023-09-30 05407057 2024-09-30 05407057 2023-10-01 2024-09-30 05407057 frs-core:CurrentFinancialInstruments 2024-09-30 05407057 frs-core:ComputerEquipment 2024-09-30 05407057 frs-core:ComputerEquipment 2023-10-01 2024-09-30 05407057 frs-core:ComputerEquipment 2023-09-30 05407057 frs-core:MotorVehicles 2024-09-30 05407057 frs-core:MotorVehicles 2023-10-01 2024-09-30 05407057 frs-core:MotorVehicles 2023-09-30 05407057 frs-core:PlantMachinery 2024-09-30 05407057 frs-core:PlantMachinery 2023-10-01 2024-09-30 05407057 frs-core:PlantMachinery 2023-09-30 05407057 frs-core:ShareCapital 2024-09-30 05407057 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 05407057 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05407057 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 05407057 frs-bus:SmallEntities 2023-10-01 2024-09-30 05407057 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05407057 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05407057 1 2023-10-01 2024-09-30 05407057 frs-core:UnlistedNon-exchangeTraded 2024-09-30 05407057 frs-core:UnlistedNon-exchangeTraded 2023-09-30 05407057 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-09-30 05407057 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-09-30 05407057 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-09-30 05407057 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-09-30 05407057 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-09-30 05407057 frs-bus:Director1 2023-10-01 2024-09-30 05407057 frs-bus:Director2 2023-10-01 2024-09-30 05407057 frs-countries:EnglandWales 2023-10-01 2024-09-30 05407057 2022-09-30 05407057 2023-09-30 05407057 2022-10-01 2023-09-30 05407057 frs-core:CurrentFinancialInstruments 2023-09-30 05407057 frs-core:ShareCapital 2023-09-30 05407057 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 05407057
Now-How Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
MBL Business Services Ltd
Moushill Rough
Sandy Lane
Godalming
Surrey
GU8 5BL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05407057
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,796 27,728
Investments 5 50,000 -
70,796 27,728
CURRENT ASSETS
Debtors 6 37,086 31,824
Cash at bank and in hand 12,770 76,377
49,856 108,201
Creditors: Amounts Falling Due Within One Year 7 (28,454 ) (40,067 )
NET CURRENT ASSETS (LIABILITIES) 21,402 68,134
TOTAL ASSETS LESS CURRENT LIABILITIES 92,198 95,862
NET ASSETS 92,198 95,862
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 91,198 94,862
SHAREHOLDERS' FUNDS 92,198 95,862
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For the year ending 30 September 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
Ms Carol Foussat
Director
30/11/2024
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
Now-How Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05407057 . The registered office is Moushill Rough, Sandy Lane, Godalming, Surrey, GU8 5BL.
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 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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 50% on cost
2.4. 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 year 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 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 19,900 33,867 5,354 59,121
As at 30 September 2024 19,900 33,867 5,354 59,121
Depreciation
As at 1 October 2023 11,289 14,750 5,354 31,393
Provided during the period 2,153 4,779 - 6,932
As at 30 September 2024 13,442 19,529 5,354 38,325
Net Book Value
As at 30 September 2024 6,458 14,338 - 20,796
As at 1 October 2023 8,611 19,117 - 27,728
5. Investments
Unlisted
£
Cost
As at 1 October 2023 -
Additions 50,000
As at 30 September 2024 50,000
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 50,000
As at 1 October 2023 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 36,952 31,690
Other debtors 134 134
37,086 31,824
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 17,727 25,080
VAT 6,866 8,537
Other creditors 87 3,693
Accruals and deferred income 950 950
Directors' loan accounts 2,824 1,807
28,454 40,067
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 60,000 40,000
10. Ultimate Controlling Party
The company's ultimate controlling party is C and A Foussat by virtue of their ownership of 100% of the issued share capital in the company.
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