Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 09748180 Mr MATTHEW FRISBY iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09748180 2023-08-31 09748180 2024-08-31 09748180 2023-09-01 2024-08-31 09748180 frs-core:CurrentFinancialInstruments 2024-08-31 09748180 frs-core:Non-currentFinancialInstruments 2024-08-31 09748180 frs-core:PlantMachinery 2024-08-31 09748180 frs-core:PlantMachinery 2023-09-01 2024-08-31 09748180 frs-core:PlantMachinery 2023-08-31 09748180 frs-core:ShareCapital 2024-08-31 09748180 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 09748180 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09748180 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 09748180 frs-bus:SmallEntities 2023-09-01 2024-08-31 09748180 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09748180 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09748180 frs-bus:Director1 2023-09-01 2024-08-31 09748180 frs-countries:EnglandWales 2023-09-01 2024-08-31 09748180 2022-08-31 09748180 2023-08-31 09748180 2022-09-01 2023-08-31 09748180 frs-core:CurrentFinancialInstruments 2023-08-31 09748180 frs-core:Non-currentFinancialInstruments 2023-08-31 09748180 frs-core:ShareCapital 2023-08-31 09748180 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 09748180
Friwin Ltd.
Unaudited Financial Statements
For The Year Ended 31 August 2024
FOSDYKE ACCOUNTANCY SERVICES LIMITED
THE OLD VICARAGE
1 BELL LANE
FOSDYKE BOSTON
LINCS
PE20 2BS
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 09748180
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,882 14,832
14,882 14,832
CURRENT ASSETS
Cash at bank and in hand 2,419 3,530
2,419 3,530
Creditors: Amounts Falling Due Within One Year 5 (2,829 ) (2,868 )
NET CURRENT ASSETS (LIABILITIES) (410 ) 662
TOTAL ASSETS LESS CURRENT LIABILITIES 14,472 15,494
Creditors: Amounts Falling Due After More Than One Year 6 (800 ) (1,865 )
NET ASSETS 13,672 13,629
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 13,572 13,529
SHAREHOLDERS' FUNDS 13,672 13,629
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 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 MATTHEW FRISBY
Director
28/05/2025
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
Friwin Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 09748180 . The registered office is 2 RENFREW DRIVE, GREYLEES, SLEAFORD, LINCS, NG34 8GE.
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 stated at cost less depreciation. 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%
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Sales, marketing and distribution 1 1
1 1
Page 2
Page 3
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 September 2023 28,864
Additions 2,464
As at 31 August 2024 31,328
Depreciation
As at 1 September 2023 14,032
Provided during the period 2,414
As at 31 August 2024 16,446
Net Book Value
As at 31 August 2024 14,882
As at 1 September 2023 14,832
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Bank loans and overdrafts 1,065 1,065
Accruals and deferred income 480 480
Director's loan account 1,285 1,323
2,829 2,868
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 800 1,865
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3