Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 08974680 Mrs Emily Nixon Mr Martin Nixon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08974680 2023-04-30 08974680 2024-04-30 08974680 2023-05-01 2024-04-30 08974680 frs-core:CurrentFinancialInstruments 2024-04-30 08974680 frs-core:Non-currentFinancialInstruments 2024-04-30 08974680 frs-core:ComputerEquipment 2024-04-30 08974680 frs-core:ComputerEquipment 2023-05-01 2024-04-30 08974680 frs-core:ComputerEquipment 2023-04-30 08974680 frs-core:FurnitureFittings 2024-04-30 08974680 frs-core:FurnitureFittings 2023-05-01 2024-04-30 08974680 frs-core:FurnitureFittings 2023-04-30 08974680 frs-core:NetGoodwill 2024-04-30 08974680 frs-core:NetGoodwill 2023-05-01 2024-04-30 08974680 frs-core:NetGoodwill 2023-04-30 08974680 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 08974680 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 08974680 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 08974680 frs-core:OtherResidualIntangibleAssets 2024-04-30 08974680 frs-core:OtherResidualIntangibleAssets 2023-05-01 2024-04-30 08974680 frs-core:OtherResidualIntangibleAssets 2023-04-30 08974680 frs-core:PlantMachinery 2024-04-30 08974680 frs-core:PlantMachinery 2023-05-01 2024-04-30 08974680 frs-core:PlantMachinery 2023-04-30 08974680 frs-core:ShareCapital 2024-04-30 08974680 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 08974680 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08974680 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 08974680 frs-bus:SmallEntities 2023-05-01 2024-04-30 08974680 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08974680 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08974680 frs-bus:Director1 2023-05-01 2024-04-30 08974680 frs-bus:Director2 2023-05-01 2024-04-30 08974680 frs-countries:EnglandWales 2023-05-01 2024-04-30 08974680 2022-04-30 08974680 2023-04-30 08974680 2022-05-01 2023-04-30 08974680 frs-core:CurrentFinancialInstruments 2023-04-30 08974680 frs-core:Non-currentFinancialInstruments 2023-04-30 08974680 frs-core:ShareCapital 2023-04-30 08974680 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 08974680
Emily Nixon Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Whyfield Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08974680
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 3,899
Tangible Assets 5 40,802 42,813
40,802 46,712
CURRENT ASSETS
Stocks 6 176,138 156,420
Debtors 7 205,701 192,325
Cash at bank and in hand 496,001 406,740
877,840 755,485
Creditors: Amounts Falling Due Within One Year 8 (175,249 ) (103,161 )
NET CURRENT ASSETS (LIABILITIES) 702,591 652,324
TOTAL ASSETS LESS CURRENT LIABILITIES 743,393 699,036
Creditors: Amounts Falling Due After More Than One Year 9 (15,035 ) (25,526 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,376 ) (5,190 )
NET ASSETS 722,982 668,320
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account 722,972 668,310
SHAREHOLDERS' FUNDS 722,982 668,320
Page 1
Page 2
For the year ending 30 April 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 Emily Nixon
Director
14/02/2025
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
Emily Nixon Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08974680 . The registered office is Whites Warehouse , 25 Foundry Square , Hayle , Cornwall , TR27 4HH.
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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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 Years SL
Plant & Machinery 25% RB
Fixtures & Fittings 25% RB
Computer Equipment 25% RB
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.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 4)
6 4
4. Intangible Assets
Goodwill Website Total
£ £ £
Cost
As at 1 May 2023 38,250 14,561 52,811
As at 30 April 2024 38,250 14,561 52,811
Amortisation
As at 1 May 2023 34,425 14,487 48,912
Provided during the period 3,825 74 3,899
As at 30 April 2024 38,250 14,561 52,811
Net Book Value
As at 30 April 2024 - - -
As at 1 May 2023 3,825 74 3,899
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 30,415 39,451 5,871 - 75,737
Additions - 5,935 - 1,473 7,408
As at 30 April 2024 30,415 45,386 5,871 1,473 83,145
Depreciation
As at 1 May 2023 9,129 20,714 3,081 - 32,924
Provided during the period 3,046 5,372 698 303 9,419
As at 30 April 2024 12,175 26,086 3,779 303 42,343
Net Book Value
As at 30 April 2024 18,240 19,300 2,092 1,170 40,802
As at 1 May 2023 21,286 18,737 2,790 - 42,813
6. Stocks
2024 2023
£ £
Stock 176,138 156,420
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 21,683 53,011
Other debtors 184,018 139,314
205,701 192,325
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 45,347 15,143
Bank loans and overdrafts 10,648 10,000
Other creditors 1,796 14,835
Taxation and social security 117,458 63,183
175,249 103,161
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 15,035 25,526
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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