Acorah Software Products - Accounts Production 16.4.675 false true 29 September 2023 1 October 2022 false 30 September 2023 29 September 2024 29 September 2024 10370059 Mr KENNY KING iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10370059 2023-09-29 10370059 2024-09-29 10370059 2023-09-30 2024-09-29 10370059 frs-core:CurrentFinancialInstruments 2024-09-29 10370059 frs-core:Non-currentFinancialInstruments 2024-09-29 10370059 frs-core:FurnitureFittings 2024-09-29 10370059 frs-core:FurnitureFittings 2023-09-30 2024-09-29 10370059 frs-core:FurnitureFittings 2023-09-29 10370059 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-29 10370059 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 2024-09-29 10370059 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-29 10370059 frs-core:PlantMachinery 2024-09-29 10370059 frs-core:PlantMachinery 2023-09-30 2024-09-29 10370059 frs-core:PlantMachinery 2023-09-29 10370059 frs-core:ShareCapital 2024-09-29 10370059 frs-core:RetainedEarningsAccumulatedLosses 2024-09-29 10370059 frs-bus:PrivateLimitedCompanyLtd 2023-09-30 2024-09-29 10370059 frs-bus:FilletedAccounts 2023-09-30 2024-09-29 10370059 frs-bus:SmallEntities 2023-09-30 2024-09-29 10370059 frs-bus:AuditExempt-NoAccountantsReport 2023-09-30 2024-09-29 10370059 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-30 2024-09-29 10370059 frs-bus:Director1 2023-09-30 2024-09-29 10370059 frs-bus:Director1 2023-09-29 10370059 frs-bus:Director1 2024-09-29 10370059 frs-countries:EnglandWales 2023-09-30 2024-09-29 10370059 2022-09-30 10370059 2023-09-29 10370059 2022-10-01 2023-09-29 10370059 frs-core:CurrentFinancialInstruments 2023-09-29 10370059 frs-core:Non-currentFinancialInstruments 2023-09-29 10370059 frs-core:ShareCapital 2023-09-29 10370059 frs-core:RetainedEarningsAccumulatedLosses 2023-09-29 10370059 frs-core:CurrentFinancialInstruments 1 2023-09-29
Registered number: 10370059
FOREVER UP LTD
Unaudited Financial Statements
For The Year Ended 29 September 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10370059
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 69,521 6,325
69,521 6,325
CURRENT ASSETS
Debtors 5 - 50,747
Cash at bank and in hand 2,135 15,152
2,135 65,899
Creditors: Amounts Falling Due Within One Year 6 (40,003 ) (37,683 )
NET CURRENT ASSETS (LIABILITIES) (37,868 ) 28,216
TOTAL ASSETS LESS CURRENT LIABILITIES 31,653 34,541
Creditors: Amounts Falling Due After More Than One Year 7 (31,283 ) (37,993 )
NET ASSETS/(LIABILITIES) 370 (3,452 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 270 (3,552 )
SHAREHOLDERS' FUNDS 370 (3,452)
For the year ending 29 September 2024 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 KENNY KING
Director
25/07/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
FOREVER UP LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10370059 . The registered office is 184 STOKE NEWINGTON HIGH STREET, LONDON, N16 7JD.
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:
Leasehold 15% flat rate
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% Reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 30 September 2023 - - 6,325 6,325
Additions 35,000 13,996 14,200 63,196
As at 29 September 2024 35,000 13,996 20,525 69,521
Net Book Value
As at 29 September 2024 35,000 13,996 20,525 69,521
As at 30 September 2023 - - 6,325 6,325
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 2,113
Prepayments and accrued income - 1,600
Director's loan account - 47,034
- 50,747
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts - (2,662 )
Corporation tax - 1,315
Other creditors 33,048 40,344
Other creditors (1) - (374 )
Accruals and deferred income 740 (940 )
Director's loan account 6,215 -
40,003 37,683
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 31,283 37,993
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 30 September 2023 Amounts advanced Amounts repaid Amounts written off As at 29 September 2024
£ £ £ £ £
Mr KENNY KING 47,034 - 53,249 - 6,215
The above loan is unsecured, interest free and repayable on demand.
Page 3