Acorah Software Products - Accounts Production 16.0.110 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 10844890 Ms Joanne Clay iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10844890 2023-06-30 10844890 2024-06-30 10844890 2023-07-01 2024-06-30 10844890 frs-core:CurrentFinancialInstruments 2024-06-30 10844890 frs-core:Non-currentFinancialInstruments 2024-06-30 10844890 frs-core:BetweenOneFiveYears 2024-06-30 10844890 frs-core:FurnitureFittings 2024-06-30 10844890 frs-core:FurnitureFittings 2023-07-01 2024-06-30 10844890 frs-core:FurnitureFittings 2023-06-30 10844890 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 10844890 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 10844890 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-30 10844890 frs-core:MoreThanFiveYears 2024-06-30 10844890 frs-core:WithinOneYear 2024-06-30 10844890 frs-core:ShareCapital 2024-06-30 10844890 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10844890 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10844890 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10844890 frs-bus:SmallEntities 2023-07-01 2024-06-30 10844890 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10844890 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10844890 frs-bus:Director1 2023-07-01 2024-06-30 10844890 frs-countries:EnglandWales 2023-07-01 2024-06-30 10844890 2022-06-30 10844890 2023-06-30 10844890 2022-07-01 2023-06-30 10844890 frs-core:CurrentFinancialInstruments 2023-06-30 10844890 frs-core:Non-currentFinancialInstruments 2023-06-30 10844890 frs-core:BetweenOneFiveYears 2023-06-30 10844890 frs-core:MoreThanFiveYears 2023-06-30 10844890 frs-core:WithinOneYear 2023-06-30 10844890 frs-core:ShareCapital 2023-06-30 10844890 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 10844890
To The Nines Wholesale Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10844890
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 81,419 6,694
81,419 6,694
CURRENT ASSETS
Stocks 5 376,552 291,678
Debtors 6 132,533 94,867
Cash at bank and in hand 52,595 11,768
561,680 398,313
Creditors: Amounts Falling Due Within One Year 7 (224,608 ) (90,185 )
NET CURRENT ASSETS (LIABILITIES) 337,072 308,128
TOTAL ASSETS LESS CURRENT LIABILITIES 418,491 314,822
Creditors: Amounts Falling Due After More Than One Year 8 (205,788 ) (212,712 )
NET ASSETS 212,703 102,110
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 212,603 102,010
SHAREHOLDERS' FUNDS 212,703 102,110
Page 1
Page 2
For the year ending 30 June 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 her 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
Ms Joanne Clay
Director
26/03/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
To The Nines Wholesale Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10844890 . The registered office is Boothen Green, Stoke on Trent, Staffordshire, ST4 4BJ.
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
The financial statements have been prepared in sterling which is the functional currency of the entity.
The monetary values included in the financial statements have been rounded to the nearest £.
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. 
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. 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 straight line over the term of the lease
Fixtures & Fittings 25% reducing balance
2.4. Stocks and Work in Progress
Stocks 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. 
2.5. Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. The basic financial instruments of the company are as follows:
Debtors 
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recoginsed in the Profit and Loss account when there is objective evidence that the asset is impaired.
Cash at bank and in hand 
This comprises cash at bank and in hand.
Trade creditors 
Trade creditors are not interest bearing and are stated at their nominal value.
...CONTINUED
Page 3
Page 4
2.5. Financial Instruments - continued
Loans
Loans are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 21 (2023: 18)
21 18
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 - 8,925 8,925
Additions 79,643 6,293 85,936
As at 30 June 2024 79,643 15,218 94,861
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 July 2023 - 2,231 2,231
Provided during the period 7,964 3,247 11,211
As at 30 June 2024 7,964 5,478 13,442
Net Book Value
As at 30 June 2024 71,679 9,740 81,419
As at 1 July 2023 - 6,694 6,694
5. Stocks
2024 2023
£ £
Finished goods 376,552 291,678
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 10,977 2,598
Prepayments and accrued income 18,750 18,750
Corporation tax recoverable assets - 14,599
VAT 102,806 58,920
132,533 94,867
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,483 5,140
Bank loans and overdrafts 4,411 -
Corporation tax 59,246 24,000
Other taxes and social security 31,278 12,887
Other creditors 75,339 423
Accruals and deferred income 44,083 26,773
Director's loan account 8,768 20,962
224,608 90,185
Page 5
Page 6
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 35,788 42,712
Other loans 170,000 170,000
205,788 212,712
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 73,750 75,000
Later than one year and not later than five years 356,250 298,750
Later than five years 243,750 318,750
673,750 692,500
11. Related Party Transactions
Included in creditors due after one year is a loan from a shareholder for £170,000 (2023 £170,000), this loan is repayable on demand with a notice period of one year and one day and is interest free and unsecured.
Page 6