Acorah Software Products - Accounts Production 16.1.300 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 SC417589 Mr Joshua John Proud iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC417589 2023-02-28 SC417589 2024-02-29 SC417589 2023-03-01 2024-02-29 SC417589 frs-core:CurrentFinancialInstruments 2024-02-29 SC417589 frs-core:Non-currentFinancialInstruments 2024-02-29 SC417589 frs-core:PlantMachinery 2024-02-29 SC417589 frs-core:PlantMachinery 2023-03-01 2024-02-29 SC417589 frs-core:PlantMachinery 2023-02-28 SC417589 frs-core:ShareCapital 2024-02-29 SC417589 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 SC417589 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC417589 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 SC417589 frs-bus:SmallEntities 2023-03-01 2024-02-29 SC417589 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC417589 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 SC417589 frs-bus:Director1 2023-03-01 2024-02-29 SC417589 frs-countries:Scotland 2023-03-01 2024-02-29 SC417589 2022-02-28 SC417589 2023-02-28 SC417589 2022-03-01 2023-02-28 SC417589 frs-core:CurrentFinancialInstruments 2023-02-28 SC417589 frs-core:Non-currentFinancialInstruments 2023-02-28 SC417589 frs-core:ShareCapital 2023-02-28 SC417589 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: SC417589
SPOIL ME HAIR LIMITED
Unaudited Financial Statements
For The Year Ended 29 February 2024
More Than Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC417589
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,808 12,716
10,808 12,716
CURRENT ASSETS
Debtors 5 6,029 6,029
Cash at bank and in hand 1,661 2,472
7,690 8,501
Creditors: Amounts Falling Due Within One Year 6 (304,975 ) (248,393 )
NET CURRENT ASSETS (LIABILITIES) (297,285 ) (239,892 )
TOTAL ASSETS LESS CURRENT LIABILITIES (286,477 ) (227,176 )
Creditors: Amounts Falling Due After More Than One Year 7 (104,466 ) (114,465 )
NET LIABILITIES (390,943 ) (341,641 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (390,944 ) (341,642 )
SHAREHOLDERS' FUNDS (390,943) (341,641)
Page 1
Page 2
For the year 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 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 Joshua John Proud
Director
24/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SPOIL ME HAIR LIMITED is a private company, limited by shares, incorporated in Scotland, registered number SC417589 . The registered office is 8 St. James's Walk, Inverurie, Scotland, AB51 5UQ.
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:
Plant & Machinery 15% Reducing Balance Basis
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 10)
10 10
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 March 2023 16,965
As at 29 February 2024 16,965
Depreciation
As at 1 March 2023 4,249
Provided during the period 1,908
As at 29 February 2024 6,157
Net Book Value
As at 29 February 2024 10,808
As at 1 March 2023 12,716
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Corporation tax recoverable assets 6,029 6,029
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Corporation tax (22,486 ) (20,456 )
VAT 262 1,296
Accruals and deferred income 4,960 3,965
Director's loan account 322,240 263,588
304,975 248,393
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 22,501 32,500
Other creditors 81,965 81,965
104,466 114,465
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4