Acorah Software Products - Accounts Production 16.8.200 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 02690221 Mrs Angela Bridgeman Mrs Deborah Wickens iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02690221 2024-03-31 02690221 2025-03-31 02690221 2024-04-01 2025-03-31 02690221 frs-core:CurrentFinancialInstruments 2025-03-31 02690221 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 02690221 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 02690221 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 02690221 frs-core:ShareCapital 2025-03-31 02690221 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 02690221 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02690221 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 02690221 frs-bus:SmallEntities 2024-04-01 2025-03-31 02690221 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 02690221 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02690221 frs-bus:Director1 2024-04-01 2025-03-31 02690221 frs-bus:Director2 2024-04-01 2025-03-31 02690221 frs-countries:EnglandWales 2024-04-01 2025-03-31 02690221 2023-03-31 02690221 2024-03-31 02690221 2023-04-01 2024-03-31 02690221 frs-core:CurrentFinancialInstruments 2024-03-31 02690221 frs-core:ShareCapital 2024-03-31 02690221 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 02690221
Quaffins Limited
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02690221
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 865,126 865,126
865,126 865,126
CURRENT ASSETS
Debtors 5 73,740 81,786
Investments 6 502,267 505,783
Cash at bank and in hand 115,828 116,256
691,835 703,825
Creditors: Amounts Falling Due Within One Year 7 (23,126 ) (51,804 )
NET CURRENT ASSETS (LIABILITIES) 668,709 652,021
TOTAL ASSETS LESS CURRENT LIABILITIES 1,533,835 1,517,147
NET ASSETS 1,533,835 1,517,147
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 1,532,835 1,516,147
SHAREHOLDERS' FUNDS 1,533,835 1,517,147
Page 1
Page 2
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 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 Deborah Wickens
Director
23/12/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Quaffins Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02690221 . The registered office is 12 Green Meadow, Pottes Bar, Hertfordshire, EN6 1LL.
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:
Freehold Not provided
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 April 2024 865,126
As at 31 March 2025 865,126
Net Book Value
As at 31 March 2025 865,126
As at 1 April 2024 865,126
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 11,045 23,669
Other debtors 62,695 58,117
73,740 81,786
Page 3
Page 4
6. Current Asset Investments
2025 2024
£ £
Listed investments 502,267 505,783
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 119 -
Other creditors 17,672 37,784
Taxation and social security 5,335 14,020
23,126 51,804
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4