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 13177907 Mr Lee Brooker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13177907 2024-02-28 13177907 2025-02-28 13177907 2024-02-29 2025-02-28 13177907 frs-core:CurrentFinancialInstruments 2025-02-28 13177907 frs-core:Non-currentFinancialInstruments 2025-02-28 13177907 frs-core:BetweenOneFiveYears 2025-02-28 13177907 frs-core:ComputerEquipment 2025-02-28 13177907 frs-core:ComputerEquipment 2024-02-29 2025-02-28 13177907 frs-core:ComputerEquipment 2024-02-28 13177907 frs-core:FurnitureFittings 2025-02-28 13177907 frs-core:FurnitureFittings 2024-02-29 2025-02-28 13177907 frs-core:FurnitureFittings 2024-02-28 13177907 frs-core:MotorVehicles 2025-02-28 13177907 frs-core:MotorVehicles 2024-02-29 2025-02-28 13177907 frs-core:MotorVehicles 2024-02-28 13177907 frs-core:PlantMachinery 2025-02-28 13177907 frs-core:PlantMachinery 2024-02-29 2025-02-28 13177907 frs-core:PlantMachinery 2024-02-28 13177907 frs-core:WithinOneYear 2025-02-28 13177907 frs-core:ShareCapital 2025-02-28 13177907 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 13177907 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 13177907 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 13177907 frs-bus:SmallEntities 2024-02-29 2025-02-28 13177907 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 13177907 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 13177907 frs-bus:Director1 2024-02-29 2025-02-28 13177907 frs-countries:EnglandWales 2024-02-29 2025-02-28 13177907 2023-02-28 13177907 2024-02-28 13177907 2023-03-01 2024-02-28 13177907 frs-core:CurrentFinancialInstruments 2024-02-28 13177907 frs-core:Non-currentFinancialInstruments 2024-02-28 13177907 frs-core:BetweenOneFiveYears 2024-02-28 13177907 frs-core:WithinOneYear 2024-02-28 13177907 frs-core:ShareCapital 2024-02-28 13177907 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28
Registered number: 13177907
Happy Days Creative 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: 13177907
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 73,615 68,801
73,615 68,801
CURRENT ASSETS
Stocks 5 3,450 5,000
Debtors 6 9,881 3,998
Cash at bank and in hand 136,847 67,969
150,178 76,967
Creditors: Amounts Falling Due Within One Year 7 (55,147 ) (57,999 )
NET CURRENT ASSETS (LIABILITIES) 95,031 18,968
TOTAL ASSETS LESS CURRENT LIABILITIES 168,646 87,769
Creditors: Amounts Falling Due After More Than One Year 8 (23,045 ) (28,923 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,911 ) -
NET ASSETS 132,690 58,846
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 132,590 58,746
SHAREHOLDERS' FUNDS 132,690 58,846
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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 Lee Brooker
Director
30 June 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
Happy Days Creative Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13177907 . The registered office is Unit 3c, The Gattinetts, Hadleigh Road, East Bergholt, Essex, CO7 6QT.
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 photography photos  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 the photography service 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:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 25% Reduding Balance
Computer Equipment 20% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under 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.
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.
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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 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.
2.7. 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: 11 (2024: 9)
11 9
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 29 February 2024 21,429 57,140 126 12,605 91,300
Additions 2,664 3,850 592 18,334 25,440
Disposals - (12,500 ) - - (12,500 )
As at 28 February 2025 24,093 48,490 718 30,939 104,240
Depreciation
As at 29 February 2024 9,361 10,848 69 2,221 22,499
Provided during the period 2,596 9,386 110 3,414 15,506
Disposals - (7,380 ) - - (7,380 )
As at 28 February 2025 11,957 12,854 179 5,635 30,625
Net Book Value
As at 28 February 2025 12,136 35,636 539 25,304 73,615
As at 29 February 2024 12,068 46,292 57 10,384 68,801
5. Stocks
2025 2024
£ £
Stock 3,450 5,000
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6. Debtors
2025 2024
£ £
Due within one year
Other debtors 9,881 3,998
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 5,999 6,112
Other creditors 2,721 25,976
Taxation and social security 46,427 25,911
55,147 57,999
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 23,045 28,923
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,999 6,112
Later than one year and not later than five years 23,045 28,923
29,044 35,035
29,044 35,035
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 33,000 9,000
Later than one year and not later than five years 66,000 -
99,000 9,000
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