Acorah Software Products - Accounts Production 16.3.350 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 11689343 Mr H Dalton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11689343 2024-03-31 11689343 2025-03-31 11689343 2024-04-01 2025-03-31 11689343 frs-core:CurrentFinancialInstruments 2025-03-31 11689343 frs-core:BetweenOneFiveYears 2025-03-31 11689343 frs-core:ComputerEquipment 2025-03-31 11689343 frs-core:ComputerEquipment 2024-04-01 2025-03-31 11689343 frs-core:ComputerEquipment 2024-03-31 11689343 frs-core:FurnitureFittings 2025-03-31 11689343 frs-core:FurnitureFittings 2024-04-01 2025-03-31 11689343 frs-core:FurnitureFittings 2024-03-31 11689343 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 11689343 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 11689343 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 11689343 frs-core:MoreThanFiveYears 2025-03-31 11689343 frs-core:PlantMachinery 2025-03-31 11689343 frs-core:PlantMachinery 2024-04-01 2025-03-31 11689343 frs-core:PlantMachinery 2024-03-31 11689343 frs-core:WithinOneYear 2025-03-31 11689343 frs-core:ShareCapital 2025-03-31 11689343 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 11689343 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11689343 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 11689343 frs-bus:SmallEntities 2024-04-01 2025-03-31 11689343 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11689343 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11689343 frs-bus:Director1 2024-04-01 2025-03-31 11689343 frs-countries:EnglandWales 2024-04-01 2025-03-31 11689343 2023-03-31 11689343 2024-03-31 11689343 2023-04-01 2024-03-31 11689343 frs-core:CurrentFinancialInstruments 2024-03-31 11689343 frs-core:BetweenOneFiveYears 2024-03-31 11689343 frs-core:MoreThanFiveYears 2024-03-31 11689343 frs-core:WithinOneYear 2024-03-31 11689343 frs-core:ShareCapital 2024-03-31 11689343 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 11689343
Cosmedic Supplies Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: 11689343
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 37,090 37,910
37,090 37,910
CURRENT ASSETS
Stocks 5 313,252 215,200
Debtors 6 620,574 459,968
Cash at bank and in hand 55,600 68,024
989,426 743,192
Creditors: Amounts Falling Due Within One Year 7 (257,675 ) (224,615 )
NET CURRENT ASSETS (LIABILITIES) 731,751 518,577
TOTAL ASSETS LESS CURRENT LIABILITIES 768,841 556,487
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,100 ) -
NET ASSETS 761,741 556,487
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 761,740 556,486
SHAREHOLDERS' FUNDS 761,741 556,487
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 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 H Dalton
Director
23/06/2025
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Cosmedic Supplies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11689343 . The registered office is Unit 7 Edenbridge Trade Centre, Hever Road, Edenbridge, Kent, TN8 5EA.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The principal accounting policies adopted are set out below.
2.2. Going Concern Disclosure
After reviewing the company’s forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
2.3. 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. 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.
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:
Leasehold 10% straight line
Plant & Machinery 25% straight line
Fixtures & Fittings 15% / 25% straight line
Computer Equipment 25% straight line
2.5. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.
2.6. Financial Instruments
The company has elected to apply the provisionf of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues' of FRS 102 to all of its financial instruments.
Basic financial assets
Basic financial assets, including trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.
Basic financial liabilities
Basic financial liabilities, including trade and other payables are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the  present value of the future receipts discounted at a market rate of interest.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
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Page 3
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. 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 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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 3)
2 3
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 - 32,835 16,916 15,512 65,263
Additions 3,936 5,000 2,087 4,205 15,228
As at 31 March 2025 3,936 37,835 19,003 19,717 80,491
Depreciation
As at 1 April 2024 - 10,336 6,555 10,462 27,353
Provided during the period 103 8,333 3,319 4,293 16,048
As at 31 March 2025 103 18,669 9,874 14,755 43,401
Net Book Value
As at 31 March 2025 3,833 19,166 9,129 4,962 37,090
As at 1 April 2024 - 22,499 10,361 5,050 37,910
Page 3
Page 4
5. Stocks
2025 2024
£ £
Stock 313,252 215,200
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 49,578 102,558
Other debtors 570,996 357,410
620,574 459,968
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 57,139 82,024
Other creditors 27,561 5,919
Taxation and social security 172,975 136,672
257,675 224,615
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
9. Contingent Liabilities
Allica Bank Limited hold a fixed and floating charge over the assets of the company in respect of a mortgage totalling £200,107 for a connected company, Dalton Estate Properties Limited, of which Mr Harry Dalton is a director and ultimate beneficial owner.
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 45,000 12,000
Later than one year and not later than five years 180,000 48,000
Later than five years 449,931 55,627
674,931 115,627
Included within operating lease commitments is a 10 years rental lease arrangement with a connected company, Dalton Estate Properties Limited, which has been agreed at market rate.
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11. Related Party Transactions
At the balance sheet date, the company owed £27,251 (2024 - £4,701) to the director. No interest has been charged and it is considered repayable on demand.
At the balance sheet date, the company was owed £324,832 (2024 - £287,678) from Buff Browz Group Ltd, a connected company. No interest has been charged and it is considered repayable on demand.
At the balance sheet date, the company was owed £170,000 (2024 - £55,000) from Dalton Corp Ltd, a connected company. No interest has been charged and it is considered repayable on demand.
At the balance sheet date, the company was owed £41,990 (2024 - £nil) from Skinz Tattoo Ltd, a connected company. No interest has been charged and it is considered repayable on demand.
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