Acorah Software Products - Accounts Production 16.3.350 false true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 09307828 Mr Jonathan Wooster Mr Colin Rothbart Mr John Nolan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09307828 2024-02-28 09307828 2025-02-28 09307828 2024-02-29 2025-02-28 09307828 frs-core:CurrentFinancialInstruments 2025-02-28 09307828 frs-core:Non-currentFinancialInstruments 2025-02-28 09307828 frs-core:ComputerEquipment 2025-02-28 09307828 frs-core:ComputerEquipment 2024-02-29 2025-02-28 09307828 frs-core:ComputerEquipment 2024-02-28 09307828 frs-core:FurnitureFittings 2025-02-28 09307828 frs-core:FurnitureFittings 2024-02-29 2025-02-28 09307828 frs-core:FurnitureFittings 2024-02-28 09307828 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-02-28 09307828 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 2025-02-28 09307828 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-28 09307828 frs-core:PlantMachinery 2025-02-28 09307828 frs-core:PlantMachinery 2024-02-29 2025-02-28 09307828 frs-core:PlantMachinery 2024-02-28 09307828 frs-core:ShareCapital 2025-02-28 09307828 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 09307828 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 09307828 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 09307828 frs-bus:SmallEntities 2024-02-29 2025-02-28 09307828 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 09307828 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 09307828 frs-bus:Director1 2024-02-29 2025-02-28 09307828 frs-bus:Director2 2024-02-29 2025-02-28 09307828 frs-bus:Director3 2024-02-29 2025-02-28 09307828 frs-countries:EnglandWales 2024-02-29 2025-02-28 09307828 2023-02-28 09307828 2024-02-28 09307828 2023-03-01 2024-02-28 09307828 frs-core:CurrentFinancialInstruments 2024-02-28 09307828 frs-core:Non-currentFinancialInstruments 2024-02-28 09307828 frs-core:ShareCapital 2024-02-28 09307828 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28
Registered number: 09307828
Bold Hearts Ltd
Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09307828
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 276,910 271,357
276,910 271,357
CURRENT ASSETS
Stocks 5 8,000 7,040
Debtors 6 19,909 6,505
Cash at bank and in hand 382,241 312,259
410,150 325,804
Creditors: Amounts Falling Due Within One Year 7 (265,233 ) (170,175 )
NET CURRENT ASSETS (LIABILITIES) 144,917 155,629
TOTAL ASSETS LESS CURRENT LIABILITIES 421,827 426,986
Creditors: Amounts Falling Due After More Than One Year 8 - (28,347 )
NET ASSETS 421,827 398,639
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 421,727 398,539
SHAREHOLDERS' FUNDS 421,827 398,639
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 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
Mr John Nolan
Director
30 November 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bold Hearts Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09307828 . The registered office is 33-35 Stoke Newington Road, London, N16 8BJ.
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. 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 N/A
Plant & Machinery 10% Reducing Balance
Fixtures & Fittings 10% Reducing Balance
Computer Equipment 10% Reducing Balance
2.4. 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.
2.5. 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2024: 10)
12 10
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 29 February 2024 232,104 - 106,196 - 338,300
Additions - 9,112 - 1,419 10,531
As at 28 February 2025 232,104 9,112 106,196 1,419 348,831
Depreciation
As at 29 February 2024 - - 66,943 - 66,943
Provided during the period - 911 3,925 142 4,978
As at 28 February 2025 - 911 70,868 142 71,921
Net Book Value
As at 28 February 2025 232,104 8,201 35,328 1,277 276,910
As at 29 February 2024 232,104 - 39,253 - 271,357
5. Stocks
2025 2024
£ £
Stock 8,000 7,040
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 894 6,005
Other debtors 19,015 500
19,909 6,505
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 8,669 21,649
Other loans 12,790 -
Other creditors 200,101 105,611
Taxation and social security 43,673 42,915
265,233 170,175
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 28,347
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5