Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 11480769 Mr Jeffrey Cullen Mrs Katherine Cullen Miss Natalee May iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11480769 2023-07-31 11480769 2024-07-31 11480769 2023-08-01 2024-07-31 11480769 frs-core:CurrentFinancialInstruments 2024-07-31 11480769 frs-core:FurnitureFittings 2024-07-31 11480769 frs-core:FurnitureFittings 2023-08-01 2024-07-31 11480769 frs-core:FurnitureFittings 2023-07-31 11480769 frs-core:ShareCapital 2024-07-31 11480769 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 11480769 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 11480769 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 11480769 frs-bus:SmallEntities 2023-08-01 2024-07-31 11480769 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 11480769 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 11480769 frs-bus:Director1 2023-08-01 2024-07-31 11480769 frs-bus:Director2 2023-08-01 2024-07-31 11480769 frs-bus:Director3 2023-08-01 2024-07-31 11480769 frs-countries:EnglandWales 2023-08-01 2024-07-31 11480769 2022-07-31 11480769 2023-07-31 11480769 2022-08-01 2023-07-31 11480769 frs-core:CurrentFinancialInstruments 2023-07-31 11480769 frs-core:ShareCapital 2023-07-31 11480769 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Katie Abey Retail Limited
Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11480769
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,250 1,667
1,250 1,667
CURRENT ASSETS
Stocks 5 15,600 15,083
Debtors 6 1,813 15,632
Cash at bank and in hand 4,670 7,448
22,083 38,163
Creditors: Amounts Falling Due Within One Year 7 (9,654 ) (15,785 )
NET CURRENT ASSETS (LIABILITIES) 12,429 22,378
TOTAL ASSETS LESS CURRENT LIABILITIES 13,679 24,045
NET ASSETS 13,679 24,045
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 13,678 24,044
SHAREHOLDERS' FUNDS 13,679 24,045
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Page 2
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 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
Mrs Katherine Cullen
Director
18 December 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Katie Abey Retail Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11480769 . The registered office is Unit 6 Heritage Business Centre, Derby Road, Belper, Derbyshire, DE56 1SW.
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:
Fixtures & Fittings 25% on 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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
Current tax for the year is recognised in profit or loss, except when this relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also 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: 1 (2023: 2)
1 2
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 August 2023 2,250
As at 31 July 2024 2,250
Depreciation
As at 1 August 2023 583
Provided during the period 417
As at 31 July 2024 1,000
Net Book Value
As at 31 July 2024 1,250
As at 1 August 2023 1,667
5. Stocks
2024 2023
£ £
Finished goods 15,600 15,083
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,813 1,023
Other debtors - 14,609
1,813 15,632
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,244 657
Corporation tax 1,482 1,301
Other taxes and social security 59 122
Accruals and deferred income 3,125 3,105
Directors' loan accounts 3,744 10,600
9,654 15,785
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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