Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 06130898 Mrs Gulten Capstick Mr Michael Capstick Mr Michael Capstick true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06130898 2023-12-31 06130898 2024-12-31 06130898 2024-01-01 2024-12-31 06130898 frs-core:CurrentFinancialInstruments 2024-12-31 06130898 frs-core:ComputerEquipment 2024-12-31 06130898 frs-core:ComputerEquipment 2024-01-01 2024-12-31 06130898 frs-core:ComputerEquipment 2023-12-31 06130898 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 06130898 frs-core:FurnitureFittings 2024-12-31 06130898 frs-core:FurnitureFittings 2024-01-01 2024-12-31 06130898 frs-core:FurnitureFittings 2023-12-31 06130898 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06130898 frs-core:OtherResidualIntangibleAssets 2024-12-31 06130898 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 06130898 frs-core:OtherResidualIntangibleAssets 2023-12-31 06130898 frs-core:ShareCapital 2024-12-31 06130898 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06130898 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06130898 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06130898 frs-bus:SmallEntities 2024-01-01 2024-12-31 06130898 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06130898 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06130898 1 2024-01-01 2024-12-31 06130898 frs-bus:Director1 2024-01-01 2024-12-31 06130898 frs-bus:Director2 2024-01-01 2024-12-31 06130898 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 06130898 frs-countries:EnglandWales 2024-01-01 2024-12-31 06130898 2022-12-31 06130898 2023-12-31 06130898 2023-01-01 2023-12-31 06130898 frs-core:CurrentFinancialInstruments 2023-12-31 06130898 frs-core:ShareCapital 2023-12-31 06130898 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06130898
Proswimwear Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06130898
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 58,106 106,110
Tangible Assets 5 19,198 22,959
77,304 129,069
CURRENT ASSETS
Stocks 1,007,723 1,427,663
Debtors 6 111,350 197,141
Cash at bank and in hand 6,082 49,100
1,125,155 1,673,904
Creditors: Amounts Falling Due Within One Year 7 (1,121,514 ) (1,339,888 )
NET CURRENT ASSETS (LIABILITIES) 3,641 334,016
TOTAL ASSETS LESS CURRENT LIABILITIES 80,945 463,085
PROVISIONS FOR LIABILITIES
Deferred Taxation (24,561 ) (24,561 )
NET ASSETS 56,384 438,524
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account 56,383 438,523
SHAREHOLDERS' FUNDS 56,384 438,524
Page 1
Page 2
For the year ending 31 December 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
Mrs Gulten Capstick
Director
Mr Michael Capstick
Director
30 September 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
Proswimwear Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06130898 . The registered office is Unit 1 Plum Lane, Dunwear, Bridgwater, Somerset, TA6 5HL.
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form 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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website development costs. They are amortised to profit and loss account over its estimated economic life of 5 years.
2.4. 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 2% and 10% straight line
Fixtures & Fittings 15% reducing balance
Computer Equipment 25% straight line
2.5. 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.
2.6. 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.
2.7. 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.
...CONTINUED
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2.7. Taxation - continued
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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 7 (2023: 7)
7 7
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 484,547
Additions 473
As at 31 December 2024 485,020
Amortisation
As at 1 January 2024 378,437
Provided during the period 48,477
As at 31 December 2024 426,914
Net Book Value
As at 31 December 2024 58,106
As at 1 January 2024 106,110
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 77,173 79,112 156,285
Additions - 329 329
As at 31 December 2024 77,173 79,441 156,614
Depreciation
As at 1 January 2024 57,165 76,161 133,326
Provided during the period 3,002 1,088 4,090
As at 31 December 2024 60,167 77,249 137,416
Net Book Value
As at 31 December 2024 17,006 2,192 19,198
As at 1 January 2024 20,008 2,951 22,959
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Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 87,798 124,732
Prepayments and accrued income 23,552 30,515
Other debtors - 39,010
VAT - 2,884
111,350 197,141
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 516,363 761,599
Bank loans and overdrafts 79,860 437
Other loans 31,657 125,089
Corporation tax (88 ) 18,733
Other taxes and social security 2,896 3,294
VAT 3,569 -
Other creditors 121,887 110,637
Accruals and deferred income 3,000 39,077
Directors' loan accounts 92,578 57,167
Amounts owed to group undertakings 269,792 223,855
1,121,514 1,339,888
8. Related Party Transactions
The company maintained loan accounts with fellow group companies. The loans are interest free and repayable on demand.
At the balance sheet date the net amount due by the company to group companies was £269,792 (2023: £223,855).
The company maintained a loan account with a director. The loan is interest free and repayable on demand. At the balance sheet date the amount due by the company was £92,578 (2023: £57,167).
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Niche Online Sales Group Limited . Niche Online Sales Group Limited was incorporated in England and Wales.
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