Acorah Software Products - Accounts Production 16.5.460 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 December 2024 31 December 2024 10899200 Mr David Brown Societe Grassoise de Parfumerie 40 Bedford Road, Letchworth Garden City, Herts SG6 4DR true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10899200 2024-03-31 10899200 2024-12-31 10899200 2024-04-01 2024-12-31 10899200 frs-core:CurrentFinancialInstruments 2024-12-31 10899200 frs-core:Non-currentFinancialInstruments 2024-12-31 10899200 frs-core:ComputerEquipment 2024-12-31 10899200 frs-core:ComputerEquipment 2024-04-01 2024-12-31 10899200 frs-core:ComputerEquipment 2024-03-31 10899200 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2024-12-31 10899200 frs-core:FurnitureFittings 2024-12-31 10899200 frs-core:FurnitureFittings 2024-04-01 2024-12-31 10899200 frs-core:FurnitureFittings 2024-03-31 10899200 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 10899200 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2024-12-31 10899200 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 10899200 frs-core:MotorVehicles 2024-12-31 10899200 frs-core:MotorVehicles 2024-04-01 2024-12-31 10899200 frs-core:MotorVehicles 2024-03-31 10899200 frs-core:OtherResidualIntangibleAssets 2024-12-31 10899200 frs-core:OtherResidualIntangibleAssets 2024-04-01 2024-12-31 10899200 frs-core:OtherResidualIntangibleAssets 2024-03-31 10899200 frs-core:PlantMachinery 2024-12-31 10899200 frs-core:PlantMachinery 2024-04-01 2024-12-31 10899200 frs-core:PlantMachinery 2024-03-31 10899200 frs-core:ShareCapital 2024-12-31 10899200 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10899200 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2024-12-31 10899200 frs-bus:FilletedAccounts 2024-04-01 2024-12-31 10899200 frs-bus:SmallEntities 2024-04-01 2024-12-31 10899200 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2024-12-31 10899200 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2024-12-31 10899200 1 2024-04-01 2024-12-31 10899200 frs-bus:Director1 2024-04-01 2024-12-31 10899200 frs-countries:EnglandWales 2024-04-01 2024-12-31 10899200 2023-03-31 10899200 2024-03-31 10899200 2023-04-01 2024-03-31 10899200 frs-core:CurrentFinancialInstruments 2024-03-31 10899200 frs-core:Non-currentFinancialInstruments 2024-03-31 10899200 frs-core:ShareCapital 2024-03-31 10899200 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 10899200
Wired Retail Group Ltd
Unaudited Financial Statements
For the Period 1 April 2024 to 31 December 2024
Roy Pinnock & Co LLP
Wired Retail Group Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Wired Retail Group Ltd
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 10899200

| 31 December 2024 | 31 March 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 243 |  | 294
Tangible Assets | 5 |  | 31,344 |  | 38,339
|  |  | 31,587 |  | 38,633
CURRENT ASSETS
Stocks | 6 | 200,000 |  | 164,442 |
Debtors | 7 | 28,081 |  | 69,514 |
Cash at bank and in hand |  | 5,030 |  | 12,362 |
|  | 233,111 |  | 246,318 |
Creditors: Amounts Falling Due Within One Year | 8 | (312,242 ) |  | (198,309 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (79,131 ) |  | 48,009
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (47,544 ) |  | 86,642
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (92,652 ) |  | (135,342 )
NET LIABILITIES |  |  | (140,196 ) |  | (48,700 )
CAPITAL AND RESERVES
Called up share capital | 10 |  | 100 |  | 100
Profit and Loss Account |  |  | (140,296 ) |  | (48,800 )
SHAREHOLDERS' FUNDS |  |  | (140,196) |  | (48,700)

Page 1
Page 2
Wired Retail Group Ltd
Balance Sheet (continued)
As At 31 December 2024
For the period 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

Mr David Brown Director
20/10/2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Wired Retail Group Ltd
Notes to the Financial Statements
For the Period 1 April 2024 to 31 December 2024
Notes to the Financial Statements
1. General Information
Wired Retail Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10899200 . The registered office is 40 Bedford Road, Letchworth Garden City, SG6 4DR.
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. Going Concern Disclosure
The director has assessed the statement of financial position and likely future cashflows at the date of approving these financial statements. The director has a reasonable expectation that the company has adequatet resorces to continue in operational existenace and to meet its financial obligations as they fall due for at least the next 12 months from the date of signing these financial statements . Accordingly they continue to adopt the going concern basis in preparing the financial statements .
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 - Other Intangible
Other intangible assets are trade marks , patents & licences .They are amortised to the profit and loss account over its estimated economic life of 10 years.
2.5. 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 Improvements | Depreciated over the life of the lease
Plant & Machinery | 15% reducing balance
Motor Vehicles | 25% straight line
Fixtures & Fittings | 15% reducing balance
Computer Equipment | 33% straight line

2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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Wired Retail Group Ltd
Notes to the Financial Statements (continued)
For the Period 1 April 2024 to 31 December 2024
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.
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 and deferred tax are recognised in profit or loss for the period, 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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 7 (2024: 12)
7 12
4. Intangible Assets

| Trademarks, patents and licences
--- | ---
| £
Cost
As at 1 April 2024 | 515
As at 31 December 2024 | 515
Amortisation
As at 1 April 2024 | 221
Provided during the period | 51
As at 31 December 2024 | 272
Net Book Value
As at 31 December 2024 | 243
As at 1 April 2024 | 294

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Page 5
Wired Retail Group Ltd
Notes to the Financial Statements (continued)
For the Period 1 April 2024 to 31 December 2024
5. Tangible Assets

| Land & Property
--- | ---
| Leasehold Improvements | Plant & Machinery | Motor Vehicles | Fixtures & Fittings
| £ | £ | £ | £
Cost
As at 1 April 2024 | 13,533 | 31,674 | 1,009 | 5,774
Additions | - | 1,610 | - | -
As at 31 December 2024 | 13,533 | 33,284 | 1,009 | 5,774
Depreciation
As at 1 April 2024 | 3,733 | 11,843 | 862 | 1,613
Provided during the period | 1,867 | 3,216 | 147 | 624
As at 31 December 2024 | 5,600 | 15,059 | 1,009 | 2,237
Net Book Value
As at 31 December 2024 | 7,933 | 18,225 | - | 3,537
As at 1 April 2024 | 9,800 | 19,831 | 147 | 4,161

| Computer Equipment | Total
--- | --- | ---
| £ | £
Cost
As at 1 April 2024 | 21,564 | 73,554
Additions | - | 1,610
As at 31 December 2024 | 21,564 | 75,164
Depreciation
As at 1 April 2024 | 17,164 | 35,215
Provided during the period | 2,751 | 8,605
As at 31 December 2024 | 19,915 | 43,820
Net Book Value
As at 31 December 2024 | 1,649 | 31,344
As at 1 April 2024 | 4,400 | 38,339

6. Stocks

| 31 December 2024 |  | 31 March 2024
--- | --- | --- | ---
| £ |  | £
Stock | 200,000 |  | 164,442

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Wired Retail Group Ltd
Notes to the Financial Statements (continued)
For the Period 1 April 2024 to 31 December 2024
7. Debtors

| 31 December 2024 |  | 31 March 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 8,454 |  | 35,256
Other debtors | 19,627 |  | 34,258
| 28,081 |  | 69,514

8. Creditors: Amounts Falling Due Within One Year

| 31 December 2024 |  | 31 March 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 25,287 |  | 44,750
Bank loans and overdrafts | 9,757 |  | 10,000
Other loans | 46,701 |  | 43,534
Amounts owed to group undertakings | 209,011 |  | -
Other creditors | 2,642 |  | 37,093
Taxation and social security | 18,844 |  | 62,932
| 312,242 |  | 198,309

9. Creditors: Amounts Falling Due After More Than One Year

| 31 December 2024 |  | 31 March 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 4,410 |  | 11,667
Other loans | 88,242 |  | 123,675
| 92,652 |  | 135,342

10. Share Capital

| 31 December 2024 |  | 31 March 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors: nil (£2447 : 31.03.2024)
The above loan is unsecured, interest free and now repaid
12. Ultimate Parent Undertaking and Controlling Party
The company's immediate parent undertaking is The Fragrance Group Ltd . The Fragrance Group Ltd was incorporated in England & Wales. . The ultimate controlling party is Societe Grassoise de Parfumerie , a company registered in France who controls 100% of the shares of The Fragrance Group Ltd.
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