Acorah Software Products - Accounts Production 16.3.350 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 07347086 J Knight iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07347086 2023-08-31 07347086 2024-08-31 07347086 2023-09-01 2024-08-31 07347086 frs-core:CurrentFinancialInstruments 2024-08-31 07347086 frs-core:Non-currentFinancialInstruments 2024-08-31 07347086 frs-core:ComputerEquipment 2024-08-31 07347086 frs-core:ComputerEquipment 2023-09-01 2024-08-31 07347086 frs-core:ComputerEquipment 2023-08-31 07347086 frs-core:FurnitureFittings 2024-08-31 07347086 frs-core:FurnitureFittings 2023-09-01 2024-08-31 07347086 frs-core:FurnitureFittings 2023-08-31 07347086 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-31 07347086 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 07347086 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-31 07347086 frs-core:PlantMachinery 2024-08-31 07347086 frs-core:PlantMachinery 2023-09-01 2024-08-31 07347086 frs-core:PlantMachinery 2023-08-31 07347086 frs-core:WithinOneYear 2024-08-31 07347086 frs-core:ShareCapital 2024-08-31 07347086 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 07347086 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07347086 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 07347086 frs-bus:SmallEntities 2023-09-01 2024-08-31 07347086 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 07347086 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 07347086 frs-bus:Director1 2023-09-01 2024-08-31 07347086 frs-countries:EnglandWales 2023-09-01 2024-08-31 07347086 2022-08-31 07347086 2023-08-31 07347086 2022-09-01 2023-08-31 07347086 frs-core:CurrentFinancialInstruments 2023-08-31 07347086 frs-core:Non-currentFinancialInstruments 2023-08-31 07347086 frs-core:BetweenOneFiveYears 2023-08-31 07347086 frs-core:WithinOneYear 2023-08-31 07347086 frs-core:ShareCapital 2023-08-31 07347086 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 07347086
A New You (Brighton) Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07347086
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 31,450 54,187
31,450 54,187
CURRENT ASSETS
Stocks 5 2,500 35,000
Debtors 6 5,270 2,686
Cash at bank and in hand 4 1
7,774 37,687
Creditors: Amounts Falling Due Within One Year 7 (358,690 ) (181,763 )
NET CURRENT ASSETS (LIABILITIES) (350,916 ) (144,076 )
TOTAL ASSETS LESS CURRENT LIABILITIES (319,466 ) (89,889 )
Creditors: Amounts Falling Due After More Than One Year - (114,270 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,919 ) (10,296 )
NET LIABILITIES (325,385 ) (214,455 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (325,485 ) (214,555 )
SHAREHOLDERS' FUNDS (325,385) (214,455)
Page 1
Page 2
For the year ending 31 August 2024 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 her 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
J Knight
Director
1st May 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
A New You (Brighton) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07347086 . The registered office is First Floor Unit 12, Compass Point Ensign Way, Hamble, Southampton, Hampshire, SO31 4RA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
As explained in note 2.2 to the financial statements, the financial statements have been prepared on a basis other than that of the going concern basis.  This basis includes, where applicable, writing the company’s assets down to net realisable value. Provisions have also been made in respect of contracts which have become onerous at the reporting date. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date.
2.2. Going Concern Disclosure
The directors believe that the going concern basis is not appropriate as the directors intend to cease trading and place the company into liquidation. Therfore the accounts have been prepared on a break up basis.
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at net realisable value as at the balance sheet date. Therefore, a depreciation policy is not appropriate and items have been written down. Any fixed assets which were held have been moved to current assets to reflect the break up basis of accounts preparation.
Leasehold Net realisable value
Plant & Machinery Net realisable value
Fixtures & Fittings Net realisable value
Computer Equipment Net realisable value
2.5. 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.
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2.6. 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 year, 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 year was as follows: 5 (2023: 7)
5 7
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 September 2023 17,839 188,378 19,829 1,980 228,026
Additions - 417 - - 417
Revaluation (17,839 ) (158,145 ) (19,829 ) (1,180 ) (196,993 )
As at 31 August 2024 - 30,650 - 800 31,450
Depreciation
As at 1 September 2023 6,626 148,850 18,183 180 173,839
On revaluations (6,626 ) (148,850 ) (18,183 ) (180 ) (173,839 )
As at 31 August 2024 - - - - -
Net Book Value
As at 31 August 2024 - 30,650 - 800 31,450
As at 1 September 2023 11,213 39,528 1,646 1,800 54,187
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5. Stocks
2024 2023
as restated
£ £
Stock 2,500 17,000
Work in progress - 18,000
2,500 35,000
6. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 1,180 -
Prepayments and accrued income 2,261 2,686
VAT 1,829 -
5,270 2,686
7. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 22,053 33,186
Bank loans and overdrafts 226,862 38,218
Other taxes and social security 308 2,137
VAT - 2,389
Net wages 3,073 9,048
Other creditors 50,865 27,797
Accruals and deferred income 1,850 1,385
Director's loan account 53,679 67,603
358,690 181,763
8. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 100 100
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9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
as restated
£ £
Not later than one year 130,965 33,668
Later than one year and not later than five years - 122,076
130,965 155,744
10. Post Balance Sheet Events
A prior year adjustment has been done for the year ended 31 August 2023. The tangible fixed assets were originally revalued at £186,087 however an impairment review was undertaken during the year ended 31 August 2024. As such, the net book value of the tangible fixed assets were £54,187. The deferred tax provision on this adjustment reduced from £35,357 to £10,261.
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