Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 04266862 Ms Rebecca Davies Mrs Elizabeth Rowley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04266862 2023-08-31 04266862 2024-08-31 04266862 2023-09-01 2024-08-31 04266862 frs-core:CurrentFinancialInstruments 2024-08-31 04266862 frs-core:Non-currentFinancialInstruments 2024-08-31 04266862 frs-core:ComputerEquipment 2024-08-31 04266862 frs-core:ComputerEquipment 2023-09-01 2024-08-31 04266862 frs-core:ComputerEquipment 2023-08-31 04266862 frs-core:MotorVehicles 2024-08-31 04266862 frs-core:MotorVehicles 2023-09-01 2024-08-31 04266862 frs-core:MotorVehicles 2023-08-31 04266862 frs-core:PlantMachinery 2024-08-31 04266862 frs-core:PlantMachinery 2023-09-01 2024-08-31 04266862 frs-core:PlantMachinery 2023-08-31 04266862 frs-core:ShareCapital 2024-08-31 04266862 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 04266862 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04266862 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 04266862 frs-bus:SmallEntities 2023-09-01 2024-08-31 04266862 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 04266862 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 04266862 frs-bus:Director1 2023-09-01 2024-08-31 04266862 frs-bus:Director2 2023-09-01 2024-08-31 04266862 frs-core:Non-currentFinancialInstruments 2 2024-08-31 04266862 frs-core:CurrentFinancialInstruments 5 2024-08-31 04266862 frs-core:CurrentFinancialInstruments 8 2024-08-31 04266862 frs-countries:EnglandWales 2023-09-01 2024-08-31 04266862 2022-08-31 04266862 2023-08-31 04266862 2022-09-01 2023-08-31 04266862 frs-core:CurrentFinancialInstruments 2023-08-31 04266862 frs-core:Non-currentFinancialInstruments 2023-08-31 04266862 frs-core:ShareCapital 2023-08-31 04266862 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 04266862 frs-core:Non-currentFinancialInstruments 2 2023-08-31 04266862 frs-core:CurrentFinancialInstruments 5 2023-08-31 04266862 frs-core:CurrentFinancialInstruments 8 2023-08-31
Registered number: 04266862
Abaca Ltd
Financial Statements
For The Year Ended 31 August 2024
EasyBooks Wales Ltd
Unit 4, Dragon 24 North Dock
Llanelli
SA15 2LF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04266862
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,170 37,369
27,170 37,369
CURRENT ASSETS
Stocks 5 17,447 24,208
Debtors 6 32,093 17,261
Cash at bank and in hand 15,254 8,935
64,794 50,404
Creditors: Amounts Falling Due Within One Year 7 (143,254 ) (156,444 )
NET CURRENT ASSETS (LIABILITIES) (78,460 ) (106,040 )
TOTAL ASSETS LESS CURRENT LIABILITIES (51,290 ) (68,671 )
Creditors: Amounts Falling Due After More Than One Year 8 (27,479 ) (44,812 )
NET LIABILITIES (78,769 ) (113,483 )
CAPITAL AND RESERVES
Called up share capital 9 12,000 12,000
Profit and Loss Account (90,769 ) (125,483 )
SHAREHOLDERS' FUNDS (78,769) (113,483)
Page 1
Page 2
For the year ending 31 August 2024 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
Ms Rebecca Davies
Director
28/08/2025
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
Abaca Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04266862 . The registered office is Unit 1 Ty Croes Business Park, Tycroes, Ammanford, Carmarthenshire, SA18 3RD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 25% Straight Line Basis
Motor Vehicles 25% Straight Line Basis
Computer Equipment 25% Straight Line Basis
2.4. 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration - 1
Sales, marketing and distribution 2 2
Manufacturing 2 2
4 5
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 19,979 38,470 27,116 85,565
Additions - - 2,007 2,007
Disposals (6,750 ) - - (6,750 )
As at 31 August 2024 13,229 38,470 29,123 80,822
Depreciation
As at 1 September 2023 17,630 7,536 23,030 48,196
Provided during the period 688 9,617 1,901 12,206
Disposals (6,750 ) - - (6,750 )
As at 31 August 2024 11,568 17,153 24,931 53,652
Net Book Value
As at 31 August 2024 1,661 21,317 4,192 27,170
As at 1 September 2023 2,349 30,934 4,086 37,369
5. Stocks
2024 2023
£ £
Materials 17,447 24,208
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 27,779 10,351
Prepayments and accrued income 4,314 6,910
32,093 17,261
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,068 13,513
Bank loans and overdrafts 19,454 21,261
Other loans 7,319 7,319
Other taxes and social security 838 1,361
VAT 4,475 2,000
Net wages 2,262 2,262
Other Loans (Current liabilities - creditors < 1 year) 9,800 9,800
Pension 110 165
Paypal Loan 5,577 7,363
Accruals and deferred income 60,246 62,778
Directors' loan accounts 26,105 28,622
143,254 156,444
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 18,297 25,615
Bounce Back Loan 9,182 19,197
27,479 44,812
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 12,000 12,000
Page 5