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 12449064 Mr Christopher Cardew Mrs Natalie Cardew iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12449064 2023-03-31 12449064 2024-03-31 12449064 2023-04-01 2024-03-31 12449064 frs-core:CurrentFinancialInstruments 2024-03-31 12449064 frs-core:ComputerEquipment 2024-03-31 12449064 frs-core:ComputerEquipment 2023-04-01 2024-03-31 12449064 frs-core:ComputerEquipment 2023-03-31 12449064 frs-core:FurnitureFittings 2024-03-31 12449064 frs-core:FurnitureFittings 2023-04-01 2024-03-31 12449064 frs-core:FurnitureFittings 2023-03-31 12449064 frs-core:MotorVehicles 2024-03-31 12449064 frs-core:MotorVehicles 2023-04-01 2024-03-31 12449064 frs-core:MotorVehicles 2023-03-31 12449064 frs-core:ShareCapital 2024-03-31 12449064 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 12449064 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12449064 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 12449064 frs-bus:SmallEntities 2023-04-01 2024-03-31 12449064 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12449064 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12449064 frs-bus:Director1 2023-04-01 2024-03-31 12449064 frs-bus:Director2 2023-04-01 2024-03-31 12449064 frs-countries:EnglandWales 2023-04-01 2024-03-31 12449064 2022-03-31 12449064 2023-03-31 12449064 2022-04-01 2023-03-31 12449064 frs-core:CurrentFinancialInstruments 2023-03-31 12449064 frs-core:ShareCapital 2023-03-31 12449064 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 12449064
Fridays At Nine Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Bournemouth Tax Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12449064
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,973 16,396
11,973 16,396
CURRENT ASSETS
Stocks 5 2,000 2,000
Debtors 6 51,200 91,123
Cash at bank and in hand 203,699 283,670
256,899 376,793
Creditors: Amounts Falling Due Within One Year 7 (77,227 ) (88,115 )
NET CURRENT ASSETS (LIABILITIES) 179,672 288,678
TOTAL ASSETS LESS CURRENT LIABILITIES 191,645 305,074
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,993 ) (4,099 )
NET ASSETS 188,652 300,975
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 188,552 300,875
SHAREHOLDERS' FUNDS 188,652 300,975
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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 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 Christopher Cardew
Director
27/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fridays At Nine Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12449064 . The registered office is 9 Douglas Road, Bournemouth, BH6 3ER.
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, reimbursements are offset against payment 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.
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:
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 33% Straight Line
2.4. 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.
2.5. 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 6)
5 6
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 25,895 3,295 7,339 36,529
Additions - - 1,058 1,058
As at 31 March 2024 25,895 3,295 8,397 37,587
Depreciation
As at 1 April 2023 14,921 976 4,236 20,133
Provided during the period 2,745 348 2,388 5,481
As at 31 March 2024 17,666 1,324 6,624 25,614
Net Book Value
As at 31 March 2024 8,229 1,971 1,773 11,973
As at 1 April 2023 10,974 2,319 3,103 16,396
5. Stocks
2024 2023
£ £
Stock 2,000 2,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 38,408 86,689
Prepayments and accrued income 660 431
Other debtors 1,500 3,831
Other taxes and social security 3,276 -
Directors' loan accounts 7,356 172
51,200 91,123
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,561 -
Bank loans and overdrafts 3,546 965
Corporation tax 13,803 43,762
Other taxes and social security - 4,157
VAT 14,039 37,191
Other creditors 40,238 -
Accruals and deferred income 2,040 2,040
77,227 88,115
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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