Acorah Software Products - Accounts Production 16.3.350 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 13925841 Miss Anna Berkeley Mrs Jane Shepherdson Mr Thomas Tyler Miss Anna Watkins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13925841 2024-02-29 13925841 2025-02-28 13925841 2024-03-01 2025-02-28 13925841 frs-core:CurrentFinancialInstruments 2025-02-28 13925841 frs-core:ComputerEquipment 2024-03-01 2025-02-28 13925841 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-02-28 13925841 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-01 2025-02-28 13925841 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-02-29 13925841 frs-core:NetGoodwill 2024-03-01 2025-02-28 13925841 frs-core:SharePremium 2025-02-28 13925841 frs-core:ShareCapital 2025-02-28 13925841 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 13925841 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 13925841 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 13925841 frs-bus:SmallEntities 2024-03-01 2025-02-28 13925841 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 13925841 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 13925841 frs-bus:Director1 2024-03-01 2025-02-28 13925841 frs-bus:Director2 2024-03-01 2025-02-28 13925841 frs-bus:Director3 2024-03-01 2025-02-28 13925841 frs-bus:Director4 2024-03-01 2025-02-28 13925841 frs-countries:EnglandWales 2024-03-01 2025-02-28 13925841 2023-02-28 13925841 2024-02-29 13925841 2023-03-01 2024-02-29 13925841 frs-core:CurrentFinancialInstruments 2024-02-29 13925841 frs-core:SharePremium 2024-02-29 13925841 frs-core:ShareCapital 2024-02-29 13925841 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 13925841
Think Shape Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
The Online Accountant
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13925841
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 39,592 44,450
39,592 44,450
CURRENT ASSETS
Debtors 5 1,602 143
Cash at bank and in hand 4,673 36,209
6,275 36,352
Creditors: Amounts Falling Due Within One Year 6 (11,527 ) (122,944 )
NET CURRENT ASSETS (LIABILITIES) (5,252 ) (86,592 )
TOTAL ASSETS LESS CURRENT LIABILITIES 34,340 (42,142 )
NET ASSETS/(LIABILITIES) 34,340 (42,142 )
CAPITAL AND RESERVES
Called up share capital 7 144 125
Share premium account 259,975 124,975
Profit and Loss Account (225,779 ) (167,242 )
SHAREHOLDERS' FUNDS 34,340 (42,142)
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
Miss Anna Berkeley
Director
29/08/2025
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
Think Shape Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13925841 . The registered office is East Lodge, Kartway House, Lugwardine, Hereford, England, HR1 4AE.
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. 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 nil years.
2.4. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to 15% on a straight line basis over their expected useful economic lives.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.5. 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:
Computer Equipment No depreciation
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 4)
7 4
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Page 3
4. Intangible Assets
Development Costs
£
Cost
As at 1 March 2024 56,000
Additions 4,167
As at 28 February 2025 60,167
Amortisation
As at 1 March 2024 11,550
Provided during the period 9,025
As at 28 February 2025 20,575
Net Book Value
As at 28 February 2025 39,592
As at 1 March 2024 44,450
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,454 -
Prepayments and accrued income 148 143
1,602 143
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 2,098
Other taxes and social security - 1,158
VAT 5,633 2,796
Net wages 2,211 -
Other creditors - 115,000
Accruals and deferred income 1,578 960
Directors' loan accounts 2,105 932
11,527 122,944
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 144 125
Page 3