Acorah Software Products - Accounts Production 16.4.675 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 06867611 P Cody L C Cody iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06867611 2024-04-30 06867611 2025-04-30 06867611 2024-05-01 2025-04-30 06867611 frs-core:CurrentFinancialInstruments 2025-04-30 06867611 frs-core:Non-currentFinancialInstruments 2025-04-30 06867611 frs-core:ComputerEquipment 2025-04-30 06867611 frs-core:ComputerEquipment 2024-05-01 2025-04-30 06867611 frs-core:ComputerEquipment 2024-04-30 06867611 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-04-30 06867611 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-05-01 2025-04-30 06867611 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-30 06867611 frs-core:MotorVehicles 2025-04-30 06867611 frs-core:MotorVehicles 2024-05-01 2025-04-30 06867611 frs-core:MotorVehicles 2024-04-30 06867611 frs-core:PlantMachinery 2025-04-30 06867611 frs-core:PlantMachinery 2024-05-01 2025-04-30 06867611 frs-core:PlantMachinery 2024-04-30 06867611 frs-core:WithinOneYear 2025-04-30 06867611 frs-core:ShareCapital 2025-04-30 06867611 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 06867611 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 06867611 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 06867611 frs-bus:SmallEntities 2024-05-01 2025-04-30 06867611 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 06867611 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 06867611 frs-bus:OrdinaryShareClass2 2024-05-01 2025-04-30 06867611 frs-bus:OrdinaryShareClass2 2025-04-30 06867611 frs-bus:OrdinaryShareClass3 2024-05-01 2025-04-30 06867611 frs-bus:OrdinaryShareClass3 2025-04-30 06867611 frs-bus:Director1 2024-05-01 2025-04-30 06867611 frs-bus:Director2 2024-05-01 2025-04-30 06867611 frs-core:CurrentFinancialInstruments 2 2025-04-30 06867611 frs-countries:EnglandWales 2024-05-01 2025-04-30 06867611 2023-04-30 06867611 2024-04-30 06867611 2023-05-01 2024-04-30 06867611 frs-core:CurrentFinancialInstruments 2024-04-30 06867611 frs-core:Non-currentFinancialInstruments 2024-04-30 06867611 frs-core:BetweenOneFiveYears 2024-04-30 06867611 frs-core:WithinOneYear 2024-04-30 06867611 frs-core:ShareCapital 2024-04-30 06867611 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 06867611 frs-bus:OrdinaryShareClass2 2023-05-01 2024-04-30 06867611 frs-bus:OrdinaryShareClass3 2023-05-01 2024-04-30 06867611 frs-core:CurrentFinancialInstruments 2 2024-04-30
Registered number: 06867611
Phoenix Footwear Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06867611
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 69,407 83,851
Tangible Assets 5 3,433 5,975
72,840 89,826
CURRENT ASSETS
Debtors 6 707,219 492,715
Cash at bank and in hand 134,824 89,447
842,043 582,162
Creditors: Amounts Falling Due Within One Year 7 (811,018 ) (548,014 )
NET CURRENT ASSETS (LIABILITIES) 31,025 34,148
TOTAL ASSETS LESS CURRENT LIABILITIES 103,865 123,974
Creditors: Amounts Falling Due After More Than One Year 8 (4,445 ) (31,111 )
NET ASSETS 99,420 92,863
CAPITAL AND RESERVES
Called up share capital 10 1,500 1,500
Profit and Loss Account 97,920 91,363
SHAREHOLDERS' FUNDS 99,420 92,863
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For the year ending 30 April 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
P Cody
Director
02/07/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Phoenix Footwear Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06867611 . The registered office is Sentinel House Harvest Crescent, Ancells Business Park, Fleet, Hampshire, GU51 2UZ.
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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. 
Intangible assets comprise development costs, website costs and trademark costs. Such assets are defined as having finite useful lives and the costs are amortised on a straight line basis over their estimated useful lives of 5 or 10 years. Intangible assets are stated at cost less amortisation and are reviewed for impairment whenever there is an indication that the carrying value may be impaired.
2.4. Research and Development
Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period the company anticipates economic benefit will be derived from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at a rate of 10% straight line.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and Machinery 25% Straight line
Motor Vehicles 25% Straight line
Computer Equipment 25% Straight line
2.6. Leasing and Hire Purchase Contracts
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
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.
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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 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.
2.9. Pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
2.10. Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
2.11. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.12. Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
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4. Intangible Assets
Development Costs
£
Cost
As at 1 May 2024 144,438
As at 30 April 2025 144,438
Amortisation
As at 1 May 2024 60,587
Provided during the period 14,444
As at 30 April 2025 75,031
Net Book Value
As at 30 April 2025 69,407
As at 1 May 2024 83,851
5. Tangible Assets
Plant and Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2024 149 1,482 17,711 19,342
Additions - - 179 179
Disposals - - (112 ) (112 )
As at 30 April 2025 149 1,482 17,778 19,409
Depreciation
As at 1 May 2024 143 607 12,617 13,367
Provided during the period 6 371 2,344 2,721
Disposals - - (112 ) (112 )
As at 30 April 2025 149 978 14,849 15,976
Net Book Value
As at 30 April 2025 - 504 2,929 3,433
As at 1 May 2024 6 875 5,094 5,975
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 653,790 416,274
Prepayments and accrued income 2,705 2,897
Other debtors 37,259 110
Corporation tax recoverable assets - 60,302
VAT 13,465 13,132
707,219 492,715
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 419,681 420,158
Bank loans and overdrafts 26,667 26,667
Corporation tax 25,982 36,104
Other taxes and social security 1,400 665
Other creditors 305,160 60,086
Pensions Payable 534 534
Accruals and deferred income 31,572 3,266
Directors' loan accounts 22 534
811,018 548,014
Included within other creditors due within one year, is an amount of £304,840 (2024: £56,586) which is secured on trade debtor balances.
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 4,445 31,111
10. Share Capital
2025 2024
Allotted, called up and fully paid £ £
1,000 Ordinary A shares of £ 1.00 each 1,000 1,000
500 Ordinary B shares of £ 1.00 each 500 500
1,500 1,500
11. Other Commitments
Obligations under non-cancellable operating leases fall due as follows:
2025 2024
£ £
Not later than one year 5,141 10,282
Later than one year and not later than five years - 5,141
5,141 15,423
12. Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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