Acorah Software Products - Accounts Production 16.1.300 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10759670 Mr R J Gordon Mr A J Wakefield iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10759670 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-05-31 10759670 2023-05-31 10759670 2024-05-31 10759670 2023-06-01 2024-05-31 10759670 frs-core:CurrentFinancialInstruments 2024-05-31 10759670 frs-core:Non-currentFinancialInstruments 2024-05-31 10759670 frs-core:BetweenOneFiveYears 2024-05-31 10759670 frs-core:ComputerEquipment 2023-06-01 2024-05-31 10759670 frs-core:FurnitureFittings 2024-05-31 10759670 frs-core:FurnitureFittings 2023-06-01 2024-05-31 10759670 frs-core:FurnitureFittings 2023-05-31 10759670 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-31 10759670 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 10759670 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-31 10759670 frs-core:WithinOneYear 2024-05-31 10759670 frs-core:ShareCapital 2024-05-31 10759670 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10759670 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10759670 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10759670 frs-bus:SmallEntities 2023-06-01 2024-05-31 10759670 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10759670 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10759670 frs-bus:Director1 2023-06-01 2024-05-31 10759670 frs-bus:Director2 2023-06-01 2024-05-31 10759670 frs-countries:EnglandWales 2023-06-01 2024-05-31 10759670 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-05-31 10759670 2022-05-31 10759670 2023-05-31 10759670 2022-06-01 2023-05-31 10759670 frs-core:CurrentFinancialInstruments 2023-05-31 10759670 frs-core:Non-currentFinancialInstruments 2023-05-31 10759670 frs-core:BetweenOneFiveYears 2023-05-31 10759670 frs-core:MoreThanFiveYears 2023-05-31 10759670 frs-core:WithinOneYear 2023-05-31 10759670 frs-core:ShareCapital 2023-05-31 10759670 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10759670
Fella (Folkestone) Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10759670
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,295 3,381
2,295 3,381
CURRENT ASSETS
Stocks 500 570
Debtors 5 1,742 1,742
Cash at bank and in hand 165 2,122
2,407 4,434
Creditors: Amounts Falling Due Within One Year 6 (25,234 ) (13,318 )
NET CURRENT ASSETS (LIABILITIES) (22,827 ) (8,884 )
TOTAL ASSETS LESS CURRENT LIABILITIES (20,532 ) (5,503 )
Creditors: Amounts Falling Due After More Than One Year 7 (8,473 ) (10,000 )
NET LIABILITIES (29,005 ) (15,503 )
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account (29,105 ) (15,603 )
SHAREHOLDERS' FUNDS (29,005) (15,503)
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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 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 R J Gordon
Director
Mr A J Wakefield
Director
25/02/2025
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
Fella (Folkestone) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10759670 . The registered office is 2 Rendezvous Street, Folkestone, CT20 1EX.
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. Going Concern Disclosure
At the balance sheet date the company had net liabilities, but the founding Director is continuing to financially support the company and he is satisfied that the accounts should be prepared on a going concern basis as the company is expected to return to profit in the coming year.
2.3. 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. 
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 in accordance with the property lease
Fixtures & Fittings 15% on cost
Computer Equipment 25% on cost
2.5. Leasing and Hire Purchase Contracts
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.
2.6. 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. 
2.7. 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 June 2023 4,983 3,597 8,580
As at 31 May 2024 4,983 3,597 8,580
Depreciation
As at 1 June 2023 2,249 2,950 5,199
Provided during the period 516 570 1,086
As at 31 May 2024 2,765 3,520 6,285
Net Book Value
As at 31 May 2024 2,218 77 2,295
As at 1 June 2023 2,734 647 3,381
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,742 1,742
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 351 227
Bank loans and overdrafts 1,667 1,667
Other creditors 10,184 2,653
Taxation and social security 13,032 8,771
25,234 13,318
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,473 10,000
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Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 1,806 3,333
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 6,000 6,000
Later than one year and not later than five years 24,000 24,000
Later than five years - 6,000
30,000 36,000
9. Related Party Transactions
R J Gordon has acted as guarantor in respect of the company's property lease.
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