Acorah Software Products - Accounts Production 16.1.300 false true false 1 February 2023 29 February 2024 29 February 2024 14632520 Mrs Kate Fenwick Mr Marc Fenwick iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14632520 2023-01-31 14632520 2024-02-29 14632520 2023-02-01 2024-02-29 14632520 frs-core:CurrentFinancialInstruments 2024-02-29 14632520 frs-core:Non-currentFinancialInstruments 2024-02-29 14632520 frs-core:BetweenOneFiveYears 2024-02-29 14632520 frs-core:FurnitureFittings 2024-02-29 14632520 frs-core:FurnitureFittings 2023-02-01 2024-02-29 14632520 frs-core:FurnitureFittings 2023-01-31 14632520 frs-core:MotorVehicles 2024-02-29 14632520 frs-core:MotorVehicles 2023-02-01 2024-02-29 14632520 frs-core:MotorVehicles 2023-01-31 14632520 frs-core:PlantMachinery 2024-02-29 14632520 frs-core:PlantMachinery 2023-02-01 2024-02-29 14632520 frs-core:PlantMachinery 2023-01-31 14632520 frs-core:WithinOneYear 2024-02-29 14632520 frs-core:ShareCapital 2024-02-29 14632520 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 14632520 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-02-29 14632520 frs-bus:FilletedAccounts 2023-02-01 2024-02-29 14632520 frs-bus:SmallEntities 2023-02-01 2024-02-29 14632520 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-02-29 14632520 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-02-29 14632520 frs-bus:Director1 2023-02-01 2024-02-29 14632520 frs-bus:Director2 2023-02-01 2024-02-29 14632520 frs-countries:EnglandWales 2023-02-01 2024-02-29
Registered number: 14632520
Restoration Nation Ltd
Financial Statements
For the Period 1 February 2023 to 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14632520
29 February 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 57,741
57,741
CURRENT ASSETS
Debtors 5 1,439
Cash at bank and in hand 9,314
10,753
Creditors: Amounts Falling Due Within One Year 6 (190,653 )
NET CURRENT ASSETS (LIABILITIES) (179,900 )
TOTAL ASSETS LESS CURRENT LIABILITIES (122,159 )
Creditors: Amounts Falling Due After More Than One Year 7 (31,728 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,971 )
NET LIABILITIES (164,858 )
CAPITAL AND RESERVES
Called up share capital 9 100
Profit and Loss Account (164,958 )
SHAREHOLDERS' FUNDS (164,858)
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For the period ending 29 February 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
Mrs Kate Fenwick
Director
19/12/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Restoration Nation Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14632520 . The registered office is International House, 45-55 Commercial Street, London, E1 6BD.
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. 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 25% RB
Motor Vehicles 25% RB
Fixtures & Fittings 15% RB
2.3. 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.
2.4. 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 February 2023 - - - -
Additions 27,000 32,738 15,000 74,738
As at 29 February 2024 27,000 32,738 15,000 74,738
Depreciation
As at 1 February 2023 - - - -
Provided during the period 6,750 8,184 2,063 16,997
As at 29 February 2024 6,750 8,184 2,063 16,997
Net Book Value
As at 29 February 2024 20,250 24,554 12,937 57,741
As at 1 February 2023 - - - -
5. Debtors
29 February 2024
£
Due within one year
Other debtors 1,439
6. Creditors: Amounts Falling Due Within One Year
29 February 2024
£
Net obligations under finance lease and hire purchase contracts 9,810
Other creditors 180,843
190,653
7. Creditors: Amounts Falling Due After More Than One Year
29 February 2024
£
Net obligations under finance lease and hire purchase contracts 31,728
8. Obligations Under Finance Leases and Hire Purchase
29 February 2024
£
The future minimum finance lease payments are as follows:
Not later than one year 9,810
Later than one year and not later than five years 31,728
41,538
41,538
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9. Share Capital
29 February 2024
£
Allotted, Called up and fully paid 100
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