Acorah Software Products - Accounts Production 16.3.350 false true 30 March 2023 1 April 2022 false 31 March 2023 30 March 2024 30 March 2024 05743787 Frances Klepp Doreen George Frances Klepp iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05743787 2023-03-30 05743787 2024-03-30 05743787 2023-03-31 2024-03-30 05743787 frs-core:CurrentFinancialInstruments 2024-03-30 05743787 frs-core:Non-currentFinancialInstruments 2024-03-30 05743787 frs-core:ComputerEquipment 2024-03-30 05743787 frs-core:ComputerEquipment 2023-03-31 2024-03-30 05743787 frs-core:ComputerEquipment 2023-03-30 05743787 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-30 05743787 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 2024-03-30 05743787 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-30 05743787 frs-core:RevaluationReserve 2023-03-30 05743787 frs-core:RevaluationReserve 2024-03-30 05743787 frs-core:ShareCapital 2024-03-30 05743787 frs-core:RetainedEarningsAccumulatedLosses 2024-03-30 05743787 frs-bus:PrivateLimitedCompanyLtd 2023-03-31 2024-03-30 05743787 frs-bus:FilletedAccounts 2023-03-31 2024-03-30 05743787 frs-bus:SmallEntities 2023-03-31 2024-03-30 05743787 frs-bus:AuditExempt-NoAccountantsReport 2023-03-31 2024-03-30 05743787 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-31 2024-03-30 05743787 frs-bus:Director1 2023-03-31 2024-03-30 05743787 frs-bus:Director2 2023-03-31 2024-03-30 05743787 frs-bus:CompanySecretary1 2023-03-31 2024-03-30 05743787 frs-countries:EnglandWales 2023-03-31 2024-03-30 05743787 2022-03-31 05743787 2023-03-30 05743787 2022-04-01 2023-03-30 05743787 frs-core:CurrentFinancialInstruments 2023-03-30 05743787 frs-core:Non-currentFinancialInstruments 2023-03-30 05743787 frs-core:RevaluationReserve 2023-03-30 05743787 frs-core:ShareCapital 2023-03-30 05743787 frs-core:RetainedEarningsAccumulatedLosses 2023-03-30
Registered number: 05743787
Fables Bookshop Limited
Unaudited Financial Statements
For The Year Ended 30 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05743787
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 85,085 85,171
85,085 85,171
CURRENT ASSETS
Stocks 9,445 9,964
Debtors 5 - 363
9,445 10,327
Creditors: Amounts Falling Due Within One Year 6 (7,140 ) (4,932 )
NET CURRENT ASSETS (LIABILITIES) 2,305 5,395
TOTAL ASSETS LESS CURRENT LIABILITIES 87,390 90,566
Creditors: Amounts Falling Due After More Than One Year 7 (64,523 ) (60,754 )
NET ASSETS 22,867 29,812
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 36,500 36,500
Profit and Loss Account (13,733 ) (6,788 )
SHAREHOLDERS' FUNDS 22,867 29,812
Page 1
Page 2
For the year ending 30 March 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
Frances Klepp
Director
8 May 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
Fables Bookshop Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05743787 . The registered office is 72 Fore Street, St. Marychurch, Torquay, Devon, TQ1 4LX.
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:
Freehold not depreciated
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was 2 (2023: 2)
2 2
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4. Tangible Assets
Land & Property
Freehold Computer Equipment Total
£ £ £
Cost
As at 31 March 2023 85,000 429 85,429
As at 30 March 2024 85,000 429 85,429
Depreciation
As at 31 March 2023 - 258 258
Provided during the period - 86 86
As at 30 March 2024 - 344 344
Net Book Value
As at 30 March 2024 85,000 85 85,085
As at 31 March 2023 85,000 171 85,171
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 363
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,563 469
Bank loans and overdrafts 4,887 3,773
Accruals and deferred income 690 690
7,140 4,932
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 64,523 60,754
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Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation Reserve
£
As at 31 March 2023 36,500
As at 30 March 2024 36,500
Page 5