Acorah Software Products - Accounts Production 16.4.675 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 06851794 Anita Collins Peter Collins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06851794 2024-02-29 06851794 2025-02-28 06851794 2024-03-01 2025-02-28 06851794 frs-core:CurrentFinancialInstruments 2025-02-28 06851794 frs-core:NetGoodwill 2025-02-28 06851794 frs-core:NetGoodwill 2024-03-01 2025-02-28 06851794 frs-core:NetGoodwill 2024-02-29 06851794 frs-core:PlantMachinery 2025-02-28 06851794 frs-core:PlantMachinery 2024-03-01 2025-02-28 06851794 frs-core:PlantMachinery 2024-02-29 06851794 frs-core:ShareCapital 2025-02-28 06851794 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 06851794 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 06851794 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 06851794 frs-bus:SmallEntities 2024-03-01 2025-02-28 06851794 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 06851794 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 06851794 frs-bus:Director1 2024-03-01 2025-02-28 06851794 frs-bus:Director2 2024-03-01 2025-02-28 06851794 frs-countries:EnglandWales 2024-03-01 2025-02-28 06851794 2023-02-28 06851794 2024-02-29 06851794 2023-03-01 2024-02-29 06851794 frs-core:CurrentFinancialInstruments 2024-02-29 06851794 frs-core:ShareCapital 2024-02-29 06851794 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 06851794
Botanics International Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Company Information 1
Balance Sheet 2
Notes to the Financial Statements 3—5
Page 1
Company Information
Directors Anita Collins
Peter Collins
Company Number 06851794
Registered Office Audley House
Northbridge Road
Berkhamsted
Herts
HP4 1EH
Accountants HJP Chartered
Audley House
Northbridge Road
Berkhamsted
Herts
HP4 1EH
Page 1
Page 2
Balance Sheet
Registered number: 06851794
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 31,875 39,375
Tangible Assets 5 303 605
32,178 39,980
CURRENT ASSETS
Debtors 6 399,956 340,378
Cash at bank and in hand 454,812 434,318
854,768 774,696
Creditors: Amounts Falling Due Within One Year 7 (541,737 ) (472,443 )
NET CURRENT ASSETS (LIABILITIES) 313,031 302,253
TOTAL ASSETS LESS CURRENT LIABILITIES 345,209 342,233
NET ASSETS 345,209 342,233
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 345,207 342,231
SHAREHOLDERS' FUNDS 345,209 342,233
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
Anita Collins
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
Botanics International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06851794 . The registered office is Audley House, Northbridge Road, Berkhamsted, Herts, HP4 1EH.
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
Presentation currency
The accounts are presented in £ sterling.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
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:
Plant & Machinery 50% reducing balance
2.5. 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.
2.6. 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.
...CONTINUED
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2.6. Taxation - continued
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: 2 (2024: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2024 150,000
As at 28 February 2025 150,000
Amortisation
As at 1 March 2024 110,625
Provided during the period 7,500
As at 28 February 2025 118,125
Net Book Value
As at 28 February 2025 31,875
As at 1 March 2024 39,375
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 March 2024 10,315
As at 28 February 2025 10,315
Depreciation
As at 1 March 2024 9,710
Provided during the period 302
As at 28 February 2025 10,012
Net Book Value
As at 28 February 2025 303
As at 1 March 2024 605
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 387,123 333,274
Prepayments and accrued income 12,833 -
Other debtors - 7,104
399,956 340,378
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 140,085 103,748
Corporation tax 12,388 4,401
VAT 79,396 72,289
Other creditors 1,272 31
Accruals 31,140 29,057
Directors' loan accounts 277,456 262,917
541,737 472,443
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
9. Related Party Transactions
At the end of the year the company owed its directors £277,456 (2024 - £262,917).
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