Acorah Software Products - Accounts Production 16.2.850 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 04651723 Mr Michael Decesare Mrs Samantha Decesare iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04651723 2023-10-31 04651723 2024-10-31 04651723 2023-11-01 2024-10-31 04651723 frs-core:CurrentFinancialInstruments 2024-10-31 04651723 frs-core:ComputerEquipment 2024-10-31 04651723 frs-core:ComputerEquipment 2023-11-01 2024-10-31 04651723 frs-core:ComputerEquipment 2023-10-31 04651723 frs-core:FurnitureFittings 2024-10-31 04651723 frs-core:FurnitureFittings 2023-11-01 2024-10-31 04651723 frs-core:FurnitureFittings 2023-10-31 04651723 frs-core:NetGoodwill 2024-10-31 04651723 frs-core:NetGoodwill 2023-11-01 2024-10-31 04651723 frs-core:NetGoodwill 2023-10-31 04651723 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 04651723 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04651723 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 04651723 frs-core:MotorVehicles 2024-10-31 04651723 frs-core:MotorVehicles 2023-11-01 2024-10-31 04651723 frs-core:MotorVehicles 2023-10-31 04651723 frs-core:PlantMachinery 2024-10-31 04651723 frs-core:PlantMachinery 2023-11-01 2024-10-31 04651723 frs-core:PlantMachinery 2023-10-31 04651723 frs-core:ShareCapital 2024-10-31 04651723 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 04651723 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04651723 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 04651723 frs-bus:SmallEntities 2023-11-01 2024-10-31 04651723 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 04651723 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 04651723 frs-bus:Director1 2023-11-01 2024-10-31 04651723 frs-bus:Director1 2023-10-31 04651723 frs-bus:Director1 2024-10-31 04651723 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 04651723 frs-countries:EnglandWales 2023-11-01 2024-10-31 04651723 2022-10-31 04651723 2023-10-31 04651723 2022-11-01 2023-10-31 04651723 frs-core:CurrentFinancialInstruments 2023-10-31 04651723 frs-core:ShareCapital 2023-10-31 04651723 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 04651723
Decesare Beauty Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04651723
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 76,850 44,060
76,850 44,060
CURRENT ASSETS
Stocks 6 21,453 23,953
Debtors 7 609,496 712,738
Cash at bank and in hand 137,677 263,667
768,626 1,000,358
Creditors: Amounts Falling Due Within One Year 8 (57,770 ) (264,303 )
NET CURRENT ASSETS (LIABILITIES) 710,856 736,055
TOTAL ASSETS LESS CURRENT LIABILITIES 787,706 780,115
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,690 ) (2,921 )
NET ASSETS 783,016 777,194
CAPITAL AND RESERVES
Called up share capital 10 200 200
Profit and Loss Account 782,816 776,994
SHAREHOLDERS' FUNDS 783,016 777,194
Page 1
Page 2
For the year ending 31 October 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 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 Michael Decesare
Director
2 May 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
Decesare Beauty Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04651723 . The registered office is The Mill Pury Hill Business Park, Alderton Road, Towcester, Northamptonshire, NN12 7LS.
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 10 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:
Freehold 10% on cost
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 33% Reducing Balance
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.
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.
...CONTINUED
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2.6. Taxation - continued
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: 15 (2023: 18)
15 18
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 119,045
As at 31 October 2024 119,045
Amortisation
As at 1 November 2023 119,045
As at 31 October 2024 119,045
Net Book Value
As at 31 October 2024 -
As at 1 November 2023 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 November 2023 67,236 16,357 - 134,070
Additions - 704 63,617 3,191
Disposals - (550 ) - (67,021 )
As at 31 October 2024 67,236 16,511 63,617 70,240
Depreciation
As at 1 November 2023 63,312 4,792 - 107,313
Provided during the period 3,924 2,965 15,904 5,708
Disposals - (138 ) - (62,008 )
As at 31 October 2024 67,236 7,619 15,904 51,013
Net Book Value
As at 31 October 2024 - 8,892 47,713 19,227
As at 1 November 2023 3,924 11,565 - 26,757
Page 4
Page 5
Computer Equipment Total
£ £
Cost
As at 1 November 2023 10,706 228,369
Additions 680 68,192
Disposals (9,052 ) (76,623 )
As at 31 October 2024 2,334 219,938
Depreciation
As at 1 November 2023 8,892 184,309
Provided during the period 770 29,271
Disposals (8,346 ) (70,492 )
As at 31 October 2024 1,316 143,088
Net Book Value
As at 31 October 2024 1,018 76,850
As at 1 November 2023 1,814 44,060
6. Stocks
2024 2023
£ £
Stock 21,453 23,953
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 609,496 712,738
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 17,674 -
Other creditors 3,467 10,339
Taxation and social security 36,629 253,964
57,770 264,303
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
11. Pension Commitments
The company operates a defined contribution pension scheme for the employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £555 (2023: £872) were due to the fund. They are included in Other Creditors.
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Page 6
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Michael Decesare 532,664 276,608 382,450 - 426,822
The above loan is unsecured, has interest charged at ORI of 2.25% and repayable on demand.
Page 6