Acorah Software Products - Accounts Production 16.2.850 false true 30 November 2023 1 December 2022 false 1 December 2023 28 February 2025 28 February 2025 03513337 Mr Dominic Hughes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03513337 2023-11-30 03513337 2025-02-28 03513337 2023-12-01 2025-02-28 03513337 frs-core:CurrentFinancialInstruments 2025-02-28 03513337 frs-core:Non-currentFinancialInstruments 2025-02-28 03513337 frs-core:FurnitureFittings 2025-02-28 03513337 frs-core:FurnitureFittings 2023-12-01 2025-02-28 03513337 frs-core:FurnitureFittings 2023-11-30 03513337 frs-core:NetGoodwill 2025-02-28 03513337 frs-core:NetGoodwill 2023-12-01 2025-02-28 03513337 frs-core:NetGoodwill 2023-11-30 03513337 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-02-28 03513337 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-01 2025-02-28 03513337 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-30 03513337 frs-core:MotorVehicles 2025-02-28 03513337 frs-core:MotorVehicles 2023-12-01 2025-02-28 03513337 frs-core:MotorVehicles 2023-11-30 03513337 frs-core:PlantMachinery 2025-02-28 03513337 frs-core:PlantMachinery 2023-12-01 2025-02-28 03513337 frs-core:PlantMachinery 2023-11-30 03513337 frs-core:WithinOneYear 2025-02-28 03513337 frs-core:ShareCapital 2025-02-28 03513337 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 03513337 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2025-02-28 03513337 frs-bus:FilletedAccounts 2023-12-01 2025-02-28 03513337 frs-bus:SmallEntities 2023-12-01 2025-02-28 03513337 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2025-02-28 03513337 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2025-02-28 03513337 frs-bus:Director1 2023-12-01 2025-02-28 03513337 frs-core:CurrentFinancialInstruments 1 2025-02-28 03513337 frs-countries:EnglandWales 2023-12-01 2025-02-28 03513337 2022-11-30 03513337 2023-11-30 03513337 2022-12-01 2023-11-30 03513337 frs-core:CurrentFinancialInstruments 2023-11-30 03513337 frs-core:Non-currentFinancialInstruments 2023-11-30 03513337 frs-core:BetweenOneFiveYears 2023-11-30 03513337 frs-core:WithinOneYear 2023-11-30 03513337 frs-core:ShareCapital 2023-11-30 03513337 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 03513337 frs-core:CurrentFinancialInstruments 1 2023-11-30
Registered number: 03513337
Leisureware Stores Ltd
Unaudited Financial Statements
For the Period 1 December 2023 to 28 February 2025
TaxAssist Barnstaple
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03513337
28 February 2025 30 November 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 25,509 24,913
25,509 24,913
CURRENT ASSETS
Stocks 6 316,470 241,831
Debtors 7 6,768 1,026
Cash at bank and in hand 143,691 161,001
466,929 403,858
Creditors: Amounts Falling Due Within One Year 8 (172,560 ) (137,166 )
NET CURRENT ASSETS (LIABILITIES) 294,369 266,692
TOTAL ASSETS LESS CURRENT LIABILITIES 319,878 291,605
Creditors: Amounts Falling Due After More Than One Year 9 - (2,750 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,387 ) (4,733 )
NET ASSETS 316,491 284,122
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 316,391 284,022
SHAREHOLDERS' FUNDS 316,491 284,122
Page 1
Page 2
For the period ending 28 February 2025 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 Dominic Hughes
Director
28/04/2025
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
Leisureware Stores Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03513337 . The registered office is 4/5 West Road, Woolacombe, Devon, EX34 7BW.
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. 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 .... years.
2.4. 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 5% straight line
Plant & Machinery 33% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance & 20% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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.
Page 3
Page 4
2.7. 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 period, 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 period was: 24 (2023: 24)
24 24
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2023 51,606
As at 28 February 2025 51,606
Amortisation
As at 1 December 2023 51,606
As at 28 February 2025 51,606
Net Book Value
As at 28 February 2025 -
As at 1 December 2023 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 December 2023 30,939 39,771 36,966 146,576 254,252
Additions - 4,422 - 3,260 7,682
As at 28 February 2025 30,939 44,193 36,966 149,836 261,934
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 December 2023 30,939 38,990 19,352 140,058 229,339
Provided during the period - 385 4,404 2,297 7,086
As at 28 February 2025 30,939 39,375 23,756 142,355 236,425
Net Book Value
As at 28 February 2025 - 4,818 13,210 7,481 25,509
As at 1 December 2023 - 781 17,614 6,518 24,913
6. Stocks
28 February 2025 30 November 2023
£ £
Stock 316,470 241,831
7. Debtors
28 February 2025 30 November 2023
£ £
Due within one year
Trade debtors 925 -
Prepayments and accrued income 240 1,026
VAT 5,603 -
6,768 1,026
8. Creditors: Amounts Falling Due Within One Year
28 February 2025 30 November 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,000 3,000
Trade creditors 33,471 574
Corporation tax 26,804 9,934
Other taxes and social security 2,685 4,525
VAT - 22,733
Net wages 7,744 -
Other creditors 156 156
Other creditors (1) 5,000 -
Accruals and deferred income 5,760 7,305
Director's loan account 88,940 88,939
172,560 137,166
9. Creditors: Amounts Falling Due After More Than One Year
28 February 2025 30 November 2023
£ £
Net obligations under finance lease and hire purchase contracts - 2,750
Page 5
Page 6
10. Obligations Under Finance Leases and Hire Purchase
28 February 2025 30 November 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,000 3,000
Later than one year and not later than five years - 2,750
2,000 5,750
2,000 5,750
11. Share Capital
28 February 2025 30 November 2023
£ £
Allotted, Called up and fully paid 100 100
Page 6