Acorah Software Products - Accounts Production 16.5.460 false true 31 August 2023 1 September 2022 false 29 August 2025 1 September 2023 31 August 2024 31 August 2024 03804319 Mr Carl McCaffrey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03804319 2023-08-31 03804319 2024-08-31 03804319 2023-09-01 2024-08-31 03804319 frs-core:CurrentFinancialInstruments 2024-08-31 03804319 frs-core:Non-currentFinancialInstruments 2024-08-31 03804319 frs-core:ComputerEquipment 2024-08-31 03804319 frs-core:ComputerEquipment 2023-09-01 2024-08-31 03804319 frs-core:ComputerEquipment 2023-08-31 03804319 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-01 2024-08-31 03804319 frs-core:FurnitureFittings 2024-08-31 03804319 frs-core:FurnitureFittings 2023-09-01 2024-08-31 03804319 frs-core:FurnitureFittings 2023-08-31 03804319 frs-core:NetGoodwill 2024-08-31 03804319 frs-core:NetGoodwill 2023-09-01 2024-08-31 03804319 frs-core:NetGoodwill 2023-08-31 03804319 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-31 03804319 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 03804319 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-31 03804319 frs-core:OtherResidualIntangibleAssets 2024-08-31 03804319 frs-core:OtherResidualIntangibleAssets 2023-08-31 03804319 frs-core:PlantMachinery 2024-08-31 03804319 frs-core:PlantMachinery 2023-09-01 2024-08-31 03804319 frs-core:PlantMachinery 2023-08-31 03804319 frs-core:WithinOneYear 2024-08-31 03804319 frs-core:ShareCapital 2024-08-31 03804319 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 03804319 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 03804319 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 03804319 frs-bus:SmallEntities 2023-09-01 2024-08-31 03804319 frs-bus:Audited 2023-09-01 2024-08-31 03804319 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 03804319 frs-bus:OrdinaryShareClass2 2023-09-01 2024-08-31 03804319 frs-bus:OrdinaryShareClass2 2024-08-31 03804319 frs-bus:OrdinaryShareClass3 2023-09-01 2024-08-31 03804319 frs-bus:OrdinaryShareClass3 2024-08-31 03804319 frs-bus:Director1 2023-09-01 2024-08-31 03804319 frs-countries:EnglandWales 2023-09-01 2024-08-31 03804319 2022-08-31 03804319 2023-08-31 03804319 2022-09-01 2023-08-31 03804319 frs-core:CurrentFinancialInstruments 2023-08-31 03804319 frs-core:Non-currentFinancialInstruments 2023-08-31 03804319 frs-core:WithinOneYear 2023-08-31 03804319 frs-core:ShareCapital 2023-08-31 03804319 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 03804319 frs-bus:OrdinaryShareClass2 2022-09-01 2023-08-31 03804319 frs-bus:OrdinaryShareClass3 2022-09-01 2023-08-31
Registered number: 03804319
Canary Wharf (T) Hairdressing Limited
Financial Statements
For The Year Ended 31 August 2024
Johnston Wood Roach Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: 03804319
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 31,122 39,303
31,122 39,303
CURRENT ASSETS
Stocks 6 36,584 36,295
Debtors 7 244,681 177,772
Cash at bank and in hand 166,078 179,747
447,343 393,814
Creditors: Amounts Falling Due Within One Year 8 (281,713 ) (268,895 )
NET CURRENT ASSETS (LIABILITIES) 165,630 124,919
TOTAL ASSETS LESS CURRENT LIABILITIES 196,752 164,222
Creditors: Amounts Falling Due After More Than One Year 9 (18,952 ) (33,975 )
NET ASSETS 177,800 130,247
CAPITAL AND RESERVES
Called up share capital 10 50,000 50,000
Profit and Loss Account 127,800 80,247
SHAREHOLDERS' FUNDS 177,800 130,247
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 Carl McCaffrey
Director
29 August 2025
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Canary Wharf (T) Hairdressing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03804319 . The registered office is Berkeley House, Amery Street, Alton, Hampshire, GU34 1TH.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
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. Significant judgements and estimations
In preparing the financial statements in accordance with FRS 102, management is required to make judgements,
estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets,
liabilities, income, and expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
recognised in the period in which the estimate is revised if the revision affects only that period or in the period of
the revision and future periods if the revision affects both current and future periods.
2.3. 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.
2.4. 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 5 years.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are franchise fees and legal fees. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.6. 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 10% & 20% SL
Plant & Machinery 20% SL
Fixtures & Fittings 20% SL
Computer Equipment 33% SL
2.7. 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.
Page 2
Page 3
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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 26 (2023: 24)
26 24
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 September 2023 32,291 26,905 59,196
As at 31 August 2024 32,291 26,905 59,196
Amortisation
As at 1 September 2023 32,291 26,905 59,196
As at 31 August 2024 32,291 26,905 59,196
Net Book Value
As at 31 August 2024 - - -
As at 1 September 2023 - - -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 40,234 7,354 575,127 - 622,715
Additions - - 1,683 2,701 4,384
As at 31 August 2024 40,234 7,354 576,810 2,701 627,099
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 September 2023 24,910 7,354 551,148 - 583,412
Provided during the period 5,453 - 6,373 739 12,565
As at 31 August 2024 30,363 7,354 557,521 739 595,977
Net Book Value
As at 31 August 2024 9,871 - 19,289 1,962 31,122
As at 1 September 2023 15,324 - 23,979 - 39,303
6. Stocks
2024 2023
£ £
Stock 36,584 36,295
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 649 24,710
Amounts owed by group undertakings 86,407 25,668
Other debtors 157,625 127,394
244,681 177,772
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 36,119 48,900
Bank loans and overdrafts 15,397 15,253
Other creditors 143,285 123,385
Taxation and social security 86,912 81,357
281,713 268,895
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 18,952 33,975
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
24,999 Ordinary A shares of £ 1.00 each 24,999 24,999
25,001 Ordinary B shares of £ 1.00 each 25,001 25,001
50,000 50,000
Page 4
Page 5
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 275,000 91,666
275,000 91,666
12. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
13. Audit Information
The auditor's report on the accounts of Canary Wharf (T) Hairdressing Limited for the year ended 31 August 2024 was unqualified.
The auditor's report was signed by Katie Wood FCA FCCA (Senior Statutory Auditor) for and on behalf of JWR Audit Limited , Statutory Auditor.
JWR Audit Limited
24 Picton House
Hussar Court
Waterlooville
PO7 7SQ
Page 5