Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 03997076 Mr Nathan PLUMRIDGE Mrs Helen PLUMRIDGE iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03997076 2023-05-31 03997076 2024-05-31 03997076 2023-06-01 2024-05-31 03997076 frs-core:CurrentFinancialInstruments 2024-05-31 03997076 frs-core:Non-currentFinancialInstruments 2024-05-31 03997076 frs-core:ComputerEquipment 2024-05-31 03997076 frs-core:ComputerEquipment 2023-06-01 2024-05-31 03997076 frs-core:ComputerEquipment 2023-05-31 03997076 frs-core:FurnitureFittings 2024-05-31 03997076 frs-core:FurnitureFittings 2023-06-01 2024-05-31 03997076 frs-core:FurnitureFittings 2023-05-31 03997076 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-31 03997076 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 03997076 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-31 03997076 frs-core:WithinOneYear 2024-05-31 03997076 frs-core:ShareCapital 2024-05-31 03997076 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 03997076 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 03997076 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 03997076 frs-bus:SmallEntities 2023-06-01 2024-05-31 03997076 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 03997076 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 03997076 frs-bus:Director1 2023-06-01 2024-05-31 03997076 frs-bus:Director1 2023-05-31 03997076 frs-bus:Director1 2024-05-31 03997076 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 03997076 frs-countries:EnglandWales 2023-06-01 2024-05-31 03997076 2022-05-31 03997076 2023-05-31 03997076 2022-06-01 2023-05-31 03997076 frs-core:CurrentFinancialInstruments 2023-05-31 03997076 frs-core:Non-currentFinancialInstruments 2023-05-31 03997076 frs-core:BetweenOneFiveYears 2023-05-31 03997076 frs-core:WithinOneYear 2023-05-31 03997076 frs-core:ShareCapital 2023-05-31 03997076 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 03997076
Energy Hair Design Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03997076
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 49,258 86,076
49,258 86,076
CURRENT ASSETS
Stocks 5 17,000 17,000
Debtors 6 285,771 366,750
Cash at bank and in hand - 4,349
302,771 388,099
Creditors: Amounts Falling Due Within One Year 7 (133,778 ) (330,886 )
NET CURRENT ASSETS (LIABILITIES) 168,993 57,213
TOTAL ASSETS LESS CURRENT LIABILITIES 218,251 143,289
Creditors: Amounts Falling Due After More Than One Year 8 (253,151 ) (225,041 )
NET LIABILITIES (34,900 ) (81,752 )
CAPITAL AND RESERVES
Called up share capital 10 4 4
Profit and Loss Account (34,904 ) (81,756 )
SHAREHOLDERS' FUNDS (34,900) (81,752)
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For the year ending 31 May 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 Nathan PLUMRIDGE
Director
16/10/2024
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
Energy Hair Design Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03997076 . The registered office is Energy Hair Darts Farm, Clyst St. George, Exeter, Devon, EX3 0QH.
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 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:
Leasehold 10% Straight line basis
Fixtures & Fittings 20% Straight line basis
Computer Equipment 20% Straight line basis
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.
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2.6. 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 year was: 23 (2023: )
23 -
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 171,313 208,566 20,486 400,365
Additions - 878 721 1,599
As at 31 May 2024 171,313 209,444 21,207 401,964
Depreciation
As at 1 June 2023 113,287 181,255 19,747 314,289
Provided during the period 17,046 20,807 564 38,417
As at 31 May 2024 130,333 202,062 20,311 352,706
Net Book Value
As at 31 May 2024 40,980 7,382 896 49,258
As at 1 June 2023 58,026 27,311 739 86,076
5. Stocks
2024 2023
£ £
Stock 17,000 17,000
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 134 200
Other debtors 285,637 366,550
285,771 366,750
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,070 13,465
Trade creditors 36,860 64,786
Bank loans and overdrafts 17,321 146,835
Amounts owed to participating interests (622 ) -
Other creditors (9,961) 27,136
Taxation and social security 85,110 78,664
133,778 330,886
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 5,472
Bank loans 253,151 219,569
253,151 225,041
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,070 13,465
Later than one year and not later than five years - 5,472
5,070 18,937
5,070 18,937
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
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11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr Nathan PLUMRIDGE 269,330 - 74,007 - 195,323
The above loan is unsecured, interest free and repayable on demand.
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