Acorah Software Products - Accounts Production 16.3.350 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 08416121 Mr Kevin Bird Mrs Karen Bird iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08416121 2024-02-29 08416121 2025-02-28 08416121 2024-03-01 2025-02-28 08416121 frs-core:CurrentFinancialInstruments 2025-02-28 08416121 frs-core:ComputerEquipment 2025-02-28 08416121 frs-core:ComputerEquipment 2024-03-01 2025-02-28 08416121 frs-core:ComputerEquipment 2024-02-29 08416121 frs-core:FurnitureFittings 2025-02-28 08416121 frs-core:FurnitureFittings 2024-03-01 2025-02-28 08416121 frs-core:FurnitureFittings 2024-02-29 08416121 frs-core:NetGoodwill 2025-02-28 08416121 frs-core:NetGoodwill 2024-03-01 2025-02-28 08416121 frs-core:NetGoodwill 2024-02-29 08416121 frs-core:PlantMachinery 2025-02-28 08416121 frs-core:PlantMachinery 2024-03-01 2025-02-28 08416121 frs-core:PlantMachinery 2024-02-29 08416121 frs-core:ShareCapital 2025-02-28 08416121 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 08416121 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 08416121 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 08416121 frs-bus:SmallEntities 2024-03-01 2025-02-28 08416121 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 08416121 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 08416121 frs-core:CostValuation 2024-02-29 08416121 frs-core:DisposalsRepaymentsInvestments 2025-02-28 08416121 frs-core:CostValuation 2025-02-28 08416121 frs-core:ProvisionsForImpairmentInvestments 2024-02-29 08416121 frs-core:ProvisionsForImpairmentInvestments 2025-02-28 08416121 frs-bus:Director1 2024-03-01 2025-02-28 08416121 frs-bus:CompanySecretary1 2024-03-01 2025-02-28 08416121 frs-countries:EnglandWales 2024-03-01 2025-02-28 08416121 2023-02-28 08416121 2024-02-29 08416121 2023-03-01 2024-02-29 08416121 frs-core:CurrentFinancialInstruments 2024-02-29 08416121 frs-core:ShareCapital 2024-02-29 08416121 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 08416121
The Glass Shop (London) Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08416121
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 69,680 95,015
Investments 6 - 254,280
69,680 349,295
CURRENT ASSETS
Stocks 7 4,020 5,980
Debtors 8 87,024 142,777
Cash at bank and in hand 954,815 422,315
1,045,859 571,072
Creditors: Amounts Falling Due Within One Year 9 (99,025 ) (80,895 )
NET CURRENT ASSETS (LIABILITIES) 946,834 490,177
TOTAL ASSETS LESS CURRENT LIABILITIES 1,016,514 839,472
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,239 ) (10,577 )
NET ASSETS 1,003,275 828,895
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 1,003,274 828,894
SHAREHOLDERS' FUNDS 1,003,275 828,895
Page 1
Page 2
For the year 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 Kevin Bird
Director
13/05/2025
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
The Glass Shop (London) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08416121 . The registered office is The Old Barn , Wood Street , Swanley Village , BR8 7PA.
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.
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:
Plant & Machinery 15
Fixtures & Fittings 15
Computer Equipment 15
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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
...CONTINUED
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2.6. Taxation - continued
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred 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: 5 (2024: 7)
5 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2024 35,000
As at 28 February 2025 35,000
Amortisation
As at 1 March 2024 35,000
As at 28 February 2025 35,000
Net Book Value
As at 28 February 2025 -
As at 1 March 2024 -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2024 142,225 7,669 3,414 153,308
Additions 419 - - 419
Disposals (21,910 ) - - (21,910 )
As at 28 February 2025 120,734 7,669 3,414 131,817
Depreciation
As at 1 March 2024 55,337 1,172 1,784 58,293
Provided during the period 11,079 974 246 12,299
Disposals (8,455 ) - - (8,455 )
As at 28 February 2025 57,961 2,146 2,030 62,137
Net Book Value
As at 28 February 2025 62,773 5,523 1,384 69,680
As at 1 March 2024 86,888 6,497 1,630 95,015
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6. Investments
Other
£
Cost
As at 1 March 2024 254,280
Disposals (254,280 )
As at 28 February 2025 -
Provision
As at 1 March 2024 -
As at 28 February 2025 -
Net Book Value
As at 28 February 2025 -
As at 1 March 2024 254,280
7. Stocks
2025 2024
£ £
Stock 4,020 5,980
8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 82,635 141,379
Other debtors 1,819 1,398
VAT 2,570 -
87,024 142,777
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 9,999 21,369
Corporation tax 83,233 52,054
Other taxes and social security 1,979 -
VAT - 4,569
Other creditors 3,514 2,605
Director's loan account 300 298
99,025 80,895
Page 5
Page 6
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
11. Related Party Transactions
Included in the Other Creditors is an amount owed to the company director Mr Kevin Bird totalling £298 (2023 - £416 Debtor), no interest is to be charged.
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