Acorah Software Products - Accounts Production 16.1.300 false true true 29 July 2023 1 August 2022 false 30 July 2023 29 July 2024 29 July 2024 12086408 Mr Suprim Jha iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12086408 2023-07-29 12086408 2024-07-29 12086408 2023-07-30 2024-07-29 12086408 frs-core:CurrentFinancialInstruments 2024-07-29 12086408 frs-core:NetGoodwill 2024-07-29 12086408 frs-core:NetGoodwill 2023-07-30 2024-07-29 12086408 frs-core:NetGoodwill 2023-07-29 12086408 frs-core:ShareCapital 2024-07-29 12086408 frs-core:RetainedEarningsAccumulatedLosses 2024-07-29 12086408 frs-bus:PrivateLimitedCompanyLtd 2023-07-30 2024-07-29 12086408 frs-bus:FilletedAccounts 2023-07-30 2024-07-29 12086408 frs-bus:SmallEntities 2023-07-30 2024-07-29 12086408 frs-bus:AuditExempt-NoAccountantsReport 2023-07-30 2024-07-29 12086408 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-30 2024-07-29 12086408 frs-bus:Director1 2023-07-30 2024-07-29 12086408 frs-bus:Director1 2023-07-29 12086408 frs-bus:Director1 2024-07-29 12086408 frs-core:CurrentFinancialInstruments 1 2024-07-29 12086408 frs-core:CurrentFinancialInstruments 2 2024-07-29 12086408 frs-core:CurrentFinancialInstruments 3 2024-07-29 12086408 frs-core:CurrentFinancialInstruments 4 2024-07-29 12086408 frs-core:CurrentFinancialInstruments 5 2024-07-29 12086408 frs-core:CurrentFinancialInstruments 6 2024-07-29 12086408 frs-countries:EnglandWales 2023-07-30 2024-07-29 12086408 2022-07-31 12086408 2023-07-29 12086408 2022-08-01 2023-07-29 12086408 frs-core:CurrentFinancialInstruments 2023-07-29 12086408 frs-core:ShareCapital 2023-07-29 12086408 frs-core:RetainedEarningsAccumulatedLosses 2023-07-29 12086408 frs-core:CurrentFinancialInstruments 1 2023-07-29 12086408 frs-core:CurrentFinancialInstruments 2 2023-07-29 12086408 frs-core:CurrentFinancialInstruments 3 2023-07-29 12086408 frs-core:CurrentFinancialInstruments 4 2023-07-29 12086408 frs-core:CurrentFinancialInstruments 5 2023-07-29 12086408 frs-core:CurrentFinancialInstruments 6 2023-07-29 12086408 frs-core:CurrentFinancialInstruments 7 2023-07-29
Registered number: 12086408
Ibrow Threading Lounge Limited
Unaudited Financial Statements
For The Year Ended 29 July 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12086408
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 5,600
- 5,600
Creditors: Amounts Falling Due Within One Year 5 (125,370 ) (86,273 )
NET CURRENT ASSETS (LIABILITIES) (125,370 ) (86,273 )
TOTAL ASSETS LESS CURRENT LIABILITIES (125,370 ) (80,673 )
NET LIABILITIES (125,370 ) (80,673 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (125,470 ) (80,773 )
SHAREHOLDERS' FUNDS (125,370) (80,673)
For the year ending 29 July 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 Suprim Jha
Director
25/04/2025
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
Ibrow Threading Lounge Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12086408 . The registered office is 51 St Mary's Road, Tonbridge, Kent, TN9 2LE.
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 validity of the going concern assumption will depend on the continuing support of the directors and shareholders for the foreseeable future, together with the ability of the company to trade profitably in the future. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the above support.
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. 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.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.5. 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:
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 8)
10 8
4. Intangible Assets
Goodwill
£
Cost
As at 30 July 2023 28,000
As at 29 July 2024 28,000
Amortisation
As at 30 July 2023 22,400
Provided during the period 5,600
As at 29 July 2024 28,000
...CONTINUED
Page 2
Page 3
Net Book Value
As at 29 July 2024 -
As at 30 July 2023 5,600
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (1 )
Bank loans and overdrafts 149 12,280
Other taxes and social security 5,222 3,286
Net wages 5,730 -
Other creditors 15,913 18,463
Intercompany- House of Salon (37,625 ) (37,400 )
Intercompany - Blush Beauty 4,704 4,704
Intercompany - NNC (20,631 ) (16,936 )
Family Loans (427 ) (427 )
Other Loan - Little Business (1,808 ) (495 )
Intercompany - NNR 38,803 11,752
Other creditors (Suprim) - 23,543
Accruals and deferred income 3,600 3,600
Directors' loan accounts 111,740 63,904
125,370 86,273
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans to directors:
As at 30 July 2023 Amounts advanced Amounts repaid Amounts written off As at 29 July 2024
£ £ £ £ £
Mr Suprim Jha 63,904 (44,953 ) 92,789 - (111,740 )
The above loan is unsecured, interest free and repayable on demand.
Page 3