Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 11924343 Ms Hannah Bryce Ms Elizabeth Campbell Ms Elizabeth Lee iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11924343 2024-03-31 11924343 2025-03-31 11924343 2024-04-01 2025-03-31 11924343 frs-core:CurrentFinancialInstruments 2025-03-31 11924343 frs-core:ComputerEquipment 2025-03-31 11924343 frs-core:ComputerEquipment 2024-04-01 2025-03-31 11924343 frs-core:ComputerEquipment 2024-03-31 11924343 frs-core:ShareCapital 2025-03-31 11924343 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 11924343 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11924343 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 11924343 frs-bus:SmallEntities 2024-04-01 2025-03-31 11924343 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11924343 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11924343 frs-bus:Director1 2024-04-01 2025-03-31 11924343 frs-bus:Director2 2024-04-01 2025-03-31 11924343 frs-bus:Director3 2024-04-01 2025-03-31 11924343 frs-countries:EnglandWales 2024-04-01 2025-03-31 11924343 2023-03-31 11924343 2024-03-31 11924343 2023-04-01 2024-03-31 11924343 frs-core:CurrentFinancialInstruments 2024-03-31 11924343 frs-core:ShareCapital 2024-03-31 11924343 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 11924343
The Albany Gallery Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11924343
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 256 418
256 418
CURRENT ASSETS
Debtors 5 1,856 7,274
Cash at bank and in hand 22,258 20,394
24,114 27,668
Creditors: Amounts Falling Due Within One Year 6 (13,896 ) (15,990 )
NET CURRENT ASSETS (LIABILITIES) 10,218 11,678
TOTAL ASSETS LESS CURRENT LIABILITIES 10,474 12,096
NET ASSETS 10,474 12,096
CAPITAL AND RESERVES
Called up share capital 7 3 3
Profit and Loss Account 10,471 12,093
SHAREHOLDERS' FUNDS 10,474 12,096
For the year ending 31 March 2025 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
Ms Hannah Bryce
Director
07/05/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
The Albany Gallery Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11924343 . The registered office is Albany Gallery, 74b Albany Road, Cardiff, CF24 3RS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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:
Computer Equipment 33% straight line basis
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2024 1,837
As at 31 March 2025 1,837
Depreciation
As at 1 April 2024 1,419
Provided during the period 162
As at 31 March 2025 1,581
Net Book Value
As at 31 March 2025 256
As at 1 April 2024 418
Page 2
Page 3
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 4,491
Prepayments and accrued income 1,856 2,783
1,856 7,274
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,175 4,144
VAT 2,764 2,020
Other creditors 8,252 8,060
Accruals and deferred income 1,705 1,766
13,896 15,990
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 3 3
Page 3