Acorah Software Products - Accounts Production 16.5.460 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 10028902 Mr Glenn Reis Miss Candice Reis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10028902 2024-02-29 10028902 2025-02-28 10028902 2024-03-01 2025-02-28 10028902 frs-core:CurrentFinancialInstruments 2025-02-28 10028902 frs-core:Non-currentFinancialInstruments 2025-02-28 10028902 frs-core:ComputerEquipment 2025-02-28 10028902 frs-core:ComputerEquipment 2024-03-01 2025-02-28 10028902 frs-core:ComputerEquipment 2024-02-29 10028902 frs-core:FurnitureFittings 2025-02-28 10028902 frs-core:FurnitureFittings 2024-03-01 2025-02-28 10028902 frs-core:FurnitureFittings 2024-02-29 10028902 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-02-28 10028902 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 10028902 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 10028902 frs-core:PlantMachinery 2025-02-28 10028902 frs-core:PlantMachinery 2024-03-01 2025-02-28 10028902 frs-core:PlantMachinery 2024-02-29 10028902 frs-core:ShareCapital 2025-02-28 10028902 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 10028902 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 10028902 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 10028902 frs-bus:SmallEntities 2024-03-01 2025-02-28 10028902 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 10028902 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 10028902 frs-bus:Director1 2024-03-01 2025-02-28 10028902 frs-bus:Director2 2024-03-01 2025-02-28 10028902 frs-countries:EnglandWales 2024-03-01 2025-02-28 10028902 2023-02-28 10028902 2024-02-29 10028902 2023-03-01 2024-02-29 10028902 frs-core:CurrentFinancialInstruments 2024-02-29 10028902 frs-core:Non-currentFinancialInstruments 2024-02-29 10028902 frs-core:ShareCapital 2024-02-29 10028902 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 10028902
Happy Tails Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10028902
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 89,999 53,796
89,999 53,796
CURRENT ASSETS
Debtors 5 2,750 854
Cash at bank and in hand 30,524 58,651
33,274 59,505
Creditors: Amounts Falling Due Within One Year 6 (58,958 ) (72,588 )
NET CURRENT ASSETS (LIABILITIES) (25,684 ) (13,083 )
TOTAL ASSETS LESS CURRENT LIABILITIES 64,315 40,713
Creditors: Amounts Falling Due After More Than One Year 7 (1,000 ) (1,438 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,100 ) (10,221 )
NET ASSETS 46,215 29,054
CAPITAL AND RESERVES
Called up share capital 8 100 10
Profit and Loss Account 46,115 29,044
SHAREHOLDERS' FUNDS 46,215 29,054
Page 1
Page 2
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
Mr Glenn Reis
Director
03/09/2025
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
Happy Tails Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10028902 . The registered office is The Old Barn, Wood Street, Swanley, BR8 7PA.
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.
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:
Freehold 15% on reducing balance
Plant & Machinery 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 15% on reducing balance
2.4. 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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: 10 (2024: 9)
10 9
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2024 3,199 86,175 4,963 2,004 96,341
Additions - 48,150 2,444 1,490 52,084
As at 28 February 2025 3,199 134,325 7,407 3,494 148,425
Depreciation
As at 1 March 2024 889 37,720 3,353 583 42,545
Provided during the period 347 14,488 609 437 15,881
As at 28 February 2025 1,236 52,208 3,962 1,020 58,426
Net Book Value
As at 28 February 2025 1,963 82,117 3,445 2,474 89,999
As at 1 March 2024 2,310 48,455 1,610 1,421 53,796
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,796 854
Other debtors 954 -
2,750 854
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 7,498 9,348
Bank loans and overdrafts 4,000 7,562
Other creditors 25,838 36,643
Taxation and social security 21,622 19,035
58,958 72,588
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,000 1,438
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8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 10
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
Page 5