Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 NI631183 Mr William McIlroy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI631183 2024-03-31 NI631183 2025-03-31 NI631183 2024-04-01 2025-03-31 NI631183 frs-core:CurrentFinancialInstruments 2025-03-31 NI631183 frs-core:FurnitureFittings 2025-03-31 NI631183 frs-core:FurnitureFittings 2024-04-01 2025-03-31 NI631183 frs-core:FurnitureFittings 2024-03-31 NI631183 frs-core:MotorVehicles 2025-03-31 NI631183 frs-core:MotorVehicles 2024-04-01 2025-03-31 NI631183 frs-core:MotorVehicles 2024-03-31 NI631183 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 NI631183 frs-bus:CompanyLimitedByGuarantee 2024-04-01 2025-03-31 NI631183 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 NI631183 frs-bus:SmallEntities 2024-04-01 2025-03-31 NI631183 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 NI631183 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 NI631183 frs-core:UnlistedNon-exchangeTraded 2025-03-31 NI631183 frs-core:UnlistedNon-exchangeTraded 2024-03-31 NI631183 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 NI631183 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-03-31 NI631183 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 NI631183 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 NI631183 frs-bus:Director1 2024-04-01 2025-03-31 NI631183 frs-countries:NorthernIreland 2024-04-01 2025-03-31 NI631183 2023-03-31 NI631183 2024-03-31 NI631183 2023-04-01 2024-03-31 NI631183 frs-core:CurrentFinancialInstruments 2024-03-31 NI631183 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: NI631183
Academy Salon Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: NI631183
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investments 5 250,000 250,000
250,000 250,000
CURRENT ASSETS
Cash at bank and in hand 473,213 480,176
473,213 480,176
Creditors: Amounts Falling Due Within One Year 6 (419,410 ) (485,140 )
NET CURRENT ASSETS (LIABILITIES) 53,803 (4,964 )
TOTAL ASSETS LESS CURRENT LIABILITIES 303,803 245,036
NET ASSETS 303,803 245,036
Income and Expenditure Account 303,803 245,036
MEMBERS' FUNDS 303,803 245,036
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Income and Expenditure Account.
On behalf of the board
Mr William McIlroy
Director
01/10/2025
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
Academy Salon Limited is a private company, limited by guarantee, incorporated in Northern Ireland, registered number NI631183 . The registered office is 10-12 Rosemary Street, Belfast, BT1 1QD.
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. 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:
Motor Vehicles 25% Straight Line
Fixtures & Fittings 25% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 35 (2024: 76)
35 76
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 13,125 87,045 100,170
As at 31 March 2025 13,125 87,045 100,170
Depreciation
As at 1 April 2024 13,125 87,045 100,170
As at 31 March 2025 13,125 87,045 100,170
Net Book Value
As at 31 March 2025 - - -
As at 1 April 2024 - - -
Page 2
Page 3
5. Investments
Unlisted
£
Cost or Valuation
As at 1 April 2024 250,000
As at 31 March 2025 250,000
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 250,000
As at 1 April 2024 250,000
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 25,998 32,523
Other taxes and social security 3,754 3,754
VAT 22,078 36,783
Accruals and deferred income 5,500 -
Amounts owed to related parties 362,080 412,080
419,410 485,140
7. Related Party Transactions
Limestone Youth Training Project LtdMr McIlroy is a trustee of Limestone Youth Training Project LtdTrading amount owed to related party - £362,080 (2023 - £512,080)

Limestone Youth Training Project Ltd

Mr McIlroy is a trustee of Limestone Youth Training Project Ltd

Trading amount owed to related party - £362,080 (2023 - £512,080)

8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 3