Acorah Software Products - Accounts Production 16.2.850 false true true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 07311454 Mr John SNELGROVE Mr John Derek Snelgrove true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07311454 2023-07-31 07311454 2024-07-31 07311454 2023-08-01 2024-07-31 07311454 frs-core:CurrentFinancialInstruments 2024-07-31 07311454 frs-core:FurnitureFittings 2024-07-31 07311454 frs-core:FurnitureFittings 2023-08-01 2024-07-31 07311454 frs-core:FurnitureFittings 2023-07-31 07311454 frs-core:PlantMachinery 2024-07-31 07311454 frs-core:PlantMachinery 2023-08-01 2024-07-31 07311454 frs-core:PlantMachinery 2023-07-31 07311454 frs-core:ShareCapital 2024-07-31 07311454 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 07311454 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07311454 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 07311454 frs-bus:SmallEntities 2023-08-01 2024-07-31 07311454 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 07311454 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 07311454 1 2023-08-01 2024-07-31 07311454 frs-bus:Director1 2023-08-01 2024-07-31 07311454 frs-countries:EnglandWales 2023-08-01 2024-07-31 07311454 2022-07-31 07311454 2023-07-31 07311454 2022-08-01 2023-07-31 07311454 frs-core:CurrentFinancialInstruments 2023-07-31 07311454 frs-core:ShareCapital 2023-07-31 07311454 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 07311454
Style-Eyes Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07311454
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,577 990
6,577 990
CURRENT ASSETS
Stocks 5 37,099 -
Debtors 6 5,707 32
Cash at bank and in hand 381 270
43,187 302
Creditors: Amounts Falling Due Within One Year 7 (369,270 ) (292,820 )
NET CURRENT ASSETS (LIABILITIES) (326,083 ) (292,518 )
TOTAL ASSETS LESS CURRENT LIABILITIES (319,506 ) (291,528 )
NET LIABILITIES (319,506 ) (291,528 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (319,606 ) (291,628 )
SHAREHOLDERS' FUNDS (319,506) (291,528)
For the year ending 31 July 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 John SNELGROVE
Director
09/04/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Style-Eyes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07311454 . The registered office is 4 Maltings Garth, Thurston, Bury St Edmunds, Suffolk, IP31 3PP.
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
The Company owes a significant loan to the Director, who is the major creditor. The company is dependent on the continued support of the Director.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 10% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Sales, marketing and distribution 1 1
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2023 - 3,099 3,099
Additions 6,200 - 6,200
As at 31 July 2024 6,200 3,099 9,299
Depreciation
As at 1 August 2023 - 2,109 2,109
Provided during the period 232 381 613
As at 31 July 2024 232 2,490 2,722
Net Book Value
As at 31 July 2024 5,968 609 6,577
As at 1 August 2023 - 990 990
Page 2
Page 3
5. Stocks
2024 2023
£ £
Stock 37,099 -
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,766 -
VAT 2,941 32
5,707 32
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,120 966
Accruals and deferred income 534 460
Director's loan account 357,616 291,394
369,270 292,820
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr John Derek Snelgrove, by virtue of his ownership of 100% of the issued share capital in the company. The Director is also the largest main creditor.
Page 3