Acorah Software Products - Accounts Production 16.2.850 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 13247426 Samuel Mabley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13247426 2024-03-31 13247426 2025-03-31 13247426 2024-04-01 2025-03-31 13247426 frs-core:CurrentFinancialInstruments 2025-03-31 13247426 frs-core:ComputerEquipment 2025-03-31 13247426 frs-core:ComputerEquipment 2024-04-01 2025-03-31 13247426 frs-core:ComputerEquipment 2024-03-31 13247426 frs-core:SharePremium 2025-03-31 13247426 frs-core:ShareCapital 2025-03-31 13247426 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 13247426 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13247426 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 13247426 frs-bus:SmallEntities 2024-04-01 2025-03-31 13247426 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13247426 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13247426 frs-bus:Director1 2024-04-01 2025-03-31 13247426 frs-countries:EnglandWales 2024-04-01 2025-03-31 13247426 2023-03-31 13247426 2024-03-31 13247426 2023-04-01 2024-03-31 13247426 frs-core:CurrentFinancialInstruments 2024-03-31 13247426 frs-core:SharePremium 2024-03-31 13247426 frs-core:ShareCapital 2024-03-31 13247426 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 13247426
Yes Friends Brand Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Godfrey Wilson Limited
Fifth Floor Mariner House
62 Prince Street
Bristol
BS1 4QD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13247426
2025 2024
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,952 1,885
1,952 1,885
CURRENT ASSETS
Stocks 5 17,017 43,527
Debtors 6 26,062 15,463
Cash at bank and in hand 85,113 34,025
128,192 93,015
Creditors: Amounts Falling Due Within One Year 7 (21,094 ) (41,573 )
NET CURRENT ASSETS (LIABILITIES) 107,098 51,442
TOTAL ASSETS LESS CURRENT LIABILITIES 109,050 53,327
NET ASSETS 109,050 53,327
CAPITAL AND RESERVES
Called up share capital 8 138 138
Share premium account 150,490 150,490
Profit and Loss Account (41,578 ) (97,301 )
SHAREHOLDERS' FUNDS 109,050 53,327
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Page 2
For the year ending 31 March 2025 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
Samuel Mabley
Director
11/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Yes Friends Brand Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13247426 . The registered office is Willway Yard, Willway Street, Bristol, BS3 4AZ.
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:
Computer Equipment 20% Straight Line
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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 2)
3 2
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2024 2,974
Additions 832
As at 31 March 2025 3,806
Depreciation
As at 1 April 2024 1,089
Provided during the period 765
As at 31 March 2025 1,854
Net Book Value
As at 31 March 2025 1,952
As at 1 April 2024 1,885
5. Stocks
2025 2024
as restated
£ £
Stock 17,017 43,527
6. Debtors
2025 2024
as restated
£ £
Due within one year
Prepayments and accrued income 23,145 10,090
Other debtors 2,903 5,373
VAT 14 -
26,062 15,463
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
as restated
£ £
Trade creditors 10,467 11,193
VAT - 3,151
Other creditors 5,563 6,048
Accruals 5,064 21,181
21,094 41,573
8. Share Capital
2025 2024
as restated
£ £
Allotted, Called up and fully paid 138 138
9. Restatement of Prior Year
The accounts have been restated to incorporate the omission of consultancy expendiure. The change has resulted in the trading losses as of 31 March 2024 increasing by £16,000:
Summary of the prior year accounting impact:
Consultancy fees increased by £16,000, from £628 to £16,628; and
Accruals increased by £16,000, from £5,181 to £21,181.
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