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Registered number: 08843981
CoCo Beauty Salon Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Clouders (Audit & Accounts) Ltd
Charter House, 103-105 Leigh Road
Leigh-On-Sea
Essex
SS9 1JL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08843981
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,445 1,879
1,445 1,879
CURRENT ASSETS
Debtors 6 172 144
Cash at bank and in hand 177 126
349 270
Creditors: Amounts Falling Due Within One Year 7 (24,438 ) (15,866 )
NET CURRENT ASSETS (LIABILITIES) (24,089 ) (15,596 )
TOTAL ASSETS LESS CURRENT LIABILITIES (22,644 ) (13,717 )
Creditors: Amounts Falling Due After More Than One Year 8 (1,575 ) (5,640 )
NET LIABILITIES (24,219 ) (19,357 )
CAPITAL AND RESERVES
Called up share capital 9 102 102
Profit and Loss Account (24,321 ) (19,459 )
SHAREHOLDERS' FUNDS (24,219) (19,357)
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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 her 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 Kayleigh Alsop
Director
26/11/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
CoCo Beauty Salon Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08843981 . The registered office is Charter House, 103-105 Leigh Road, Leigh-on-Sea, Essex, SS9 1JL.
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 accounts have been drawn up on the going concern basis. Of the company's liabilities, £216 (2024: £1,842) is owed to the director. The director has agreed not to seek repayment of these debts until the company has sufficient funds to trade for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets as current assets.
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 - 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 5 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% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33% straight line
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2.6. Taxation
Corporation 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 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: 5 (2024: 5)
5 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 10,000
As at 31 March 2025 10,000
Amortisation
As at 1 April 2024 10,000
As at 31 March 2025 10,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
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5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 2,823 2,450 990 6,263
As at 31 March 2025 2,823 2,450 990 6,263
Depreciation
As at 1 April 2024 1,717 1,703 964 4,384
Provided during the period 221 187 26 434
As at 31 March 2025 1,938 1,890 990 4,818
Net Book Value
As at 31 March 2025 885 560 - 1,445
As at 1 April 2024 1,106 747 26 1,879
6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 172 144
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,964 544
Bank loans and overdrafts 5,393 6,100
Other taxes and social security 6,515 1,235
VAT 8,231 3,843
Net wages 751 -
Accrued expenses 1,368 2,302
Director's loan account 216 1,842
24,438 15,866
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,575 5,640
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9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 102 102
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