Acorah Software Products - Accounts Production 16.5.460 false true 31 August 2024 1 September 2023 false 1 September 2024 31 August 2025 31 August 2025 05159759 Mrs Julie Cottage Mr Timothy Cottage Broadwing Accountancy Services Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05159759 2024-08-31 05159759 2025-08-31 05159759 2024-09-01 2025-08-31 05159759 frs-core:CurrentFinancialInstruments 2025-08-31 05159759 frs-core:Non-currentFinancialInstruments 2025-08-31 05159759 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-01 2025-08-31 05159759 frs-core:NetGoodwill 2025-08-31 05159759 frs-core:NetGoodwill 2024-09-01 2025-08-31 05159759 frs-core:NetGoodwill 2024-08-31 05159759 frs-core:MotorVehicles 2025-08-31 05159759 frs-core:MotorVehicles 2024-09-01 2025-08-31 05159759 frs-core:MotorVehicles 2024-08-31 05159759 frs-core:OtherResidualIntangibleAssets 2025-08-31 05159759 frs-core:OtherResidualIntangibleAssets 2024-09-01 2025-08-31 05159759 frs-core:OtherResidualIntangibleAssets 2024-08-31 05159759 frs-core:PlantMachinery 2025-08-31 05159759 frs-core:PlantMachinery 2024-09-01 2025-08-31 05159759 frs-core:PlantMachinery 2024-08-31 05159759 frs-core:CapitalRedemptionReserve 2025-08-31 05159759 frs-core:SharePremium 2025-08-31 05159759 frs-core:ShareCapital 2025-08-31 05159759 frs-core:RetainedEarningsAccumulatedLosses 2025-08-31 05159759 frs-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 05159759 frs-bus:FilletedAccounts 2024-09-01 2025-08-31 05159759 frs-bus:SmallEntities 2024-09-01 2025-08-31 05159759 frs-bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 05159759 frs-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 05159759 frs-bus:Director1 2024-09-01 2025-08-31 05159759 frs-bus:Director1 2024-08-31 05159759 frs-bus:Director1 2025-08-31 05159759 frs-bus:Director2 2024-09-01 2025-08-31 05159759 frs-bus:Director2 2024-08-31 05159759 frs-bus:Director2 2025-08-31 05159759 frs-bus:CompanySecretary1 2024-09-01 2025-08-31 05159759 frs-countries:EnglandWales 2024-09-01 2025-08-31 05159759 2023-08-31 05159759 2024-08-31 05159759 2023-09-01 2024-08-31 05159759 frs-core:CurrentFinancialInstruments 2024-08-31 05159759 frs-core:Non-currentFinancialInstruments 2024-08-31 05159759 frs-core:CapitalRedemptionReserve 2024-08-31 05159759 frs-core:SharePremium 2024-08-31 05159759 frs-core:ShareCapital 2024-08-31 05159759 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31
Registered number: 05159759
Professional Choice Hair & Beauty Supplies Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Broadwing Accountancy Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05159759
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 735 8,332
Tangible Assets 5 75,252 94,967
75,987 103,299
CURRENT ASSETS
Stocks 6 1,198,862 1,124,192
Debtors 7 162,989 379,382
Cash at bank and in hand 32,410 22,525
1,394,261 1,526,099
Creditors: Amounts Falling Due Within One Year 8 (1,366,407 ) (1,392,203 )
NET CURRENT ASSETS (LIABILITIES) 27,854 133,896
TOTAL ASSETS LESS CURRENT LIABILITIES 103,841 237,195
Creditors: Amounts Falling Due After More Than One Year 9 (149,964 ) (199,312 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (18,901 ) (25,825 )
NET (LIABILITIES)/ASSETS (65,024 ) 12,058
CAPITAL AND RESERVES
Called up share capital 10 320 320
Share premium account 20,447 20,447
Capital redemption reserve 80 80
Profit and Loss Account (85,871 ) (8,789 )
SHAREHOLDERS' FUNDS (65,024) 12,058
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For the year ending 31 August 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 Timothy Cottage
Director
05/11/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Professional Choice Hair & Beauty Supplies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05159759 . The registered office is Unit 4 Sketty Close, Brackmills Industrial Estate, Northampton, NN4 7PL.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10  years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Website Development Costs. It is amortised to profit and loss account over its estimated economic life of 3 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:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
2.6. 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.
2.7. 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.
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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 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 as follows:
2025 2024
Office and administration 5 5
Sales, marketing and distribution 30 33
35 38
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 September 2024 103,833 145,416 249,249
As at 31 August 2025 103,833 145,416 249,249
Amortisation
As at 1 September 2024 103,833 137,084 240,917
Provided during the period - 7,597 7,597
As at 31 August 2025 103,833 144,681 248,514
Net Book Value
As at 31 August 2025 - 735 735
As at 1 September 2024 - 8,332 8,332
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5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 September 2024 178,997 60,272 239,269
Additions 1,965 - 1,965
As at 31 August 2025 180,962 60,272 241,234
Depreciation
As at 1 September 2024 126,497 17,805 144,302
Provided during the period 11,005 10,675 21,680
As at 31 August 2025 137,502 28,480 165,982
Net Book Value
As at 31 August 2025 43,460 31,792 75,252
As at 1 September 2024 52,500 42,467 94,967
6. Stocks
2025 2024
£ £
Stock 19,344 -
Materials 1,179,518 1,124,192
1,198,862 1,124,192
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 75,108 41,533
Prepayments and accrued income 47,538 69,313
Other debtors - 67,470
Corporation tax recoverable assets 40,343 40,343
Directors' loan accounts - 160,723
162,989 379,382
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 855,925 836,409
Bank loans and overdrafts 296,802 112,195
Other loans 4,017 207,485
Corporation tax 3,318 55,361
Other taxes and social security 171,501 177,587
Other creditors. 11,154 3,166
Directors' loan accounts 23,690 -
1,366,407 1,392,203
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 122,683 199,312
Other loans 27,281 -
149,964 199,312
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 320 320
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2024 Amounts advanced Amounts repaid Amounts written off As at 31 August 2025
£ £ £ £ £
Mrs Julie Cottage 80,361 - 80,361 - -
Mr Timothy Cottage 80,361 - 80,361 - -
The above loan is unsecured, interest free and repayable on demand.
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