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Registered number: 07613996
COTTON COMFORT LTD
Unaudited Financial Statements
For The Year Ended 31 March 2026
Figio Group Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07613996
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 7,550 12,354
7,550 12,354
CURRENT ASSETS
Stocks 5 177,858 157,814
Debtors 6 20,226 4,834
Cash at bank and in hand 16,656 25,799
214,740 188,447
Creditors: Amounts Falling Due Within One Year 7 (82,707 ) (67,778 )
NET CURRENT ASSETS (LIABILITIES) 132,033 120,669
TOTAL ASSETS LESS CURRENT LIABILITIES 139,583 133,023
Creditors: Amounts Falling Due After More Than One Year 8 (76,479 ) (102,508 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,435 ) (2,347 )
NET ASSETS 61,669 28,168
CAPITAL AND RESERVES
Called up share capital 9 50,026 50,026
Profit and Loss Account 11,643 (21,858 )
SHAREHOLDERS' FUNDS 61,669 28,168
Page 1
Page 2
For the year ending 31 March 2026 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
Joanna Greenslade
Director
09/07/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
COTTON COMFORT LTD is a private company, limited by shares, incorporated in England & Wales, registered number 07613996 . The registered office is Seebeck House 1 Seebeck Place, Knowlhill, Milton Keynes, Buckinghamshire, MK5 8FR.
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.
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 ten years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are costs associated with building a website. It is amortised to profit and loss account over its estimated economic life of five years.
2.5. 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.
2.6. 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.
2.7. 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.
...CONTINUED
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2.7. Taxation - continued
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: 5 (2025: 5)
5 5
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 April 2025 10,000 45,323 55,323
Additions - 1,022 1,022
As at 31 March 2026 10,000 46,345 56,345
Amortisation
As at 1 April 2025 10,000 32,969 42,969
Provided during the period - 5,826 5,826
As at 31 March 2026 10,000 38,795 48,795
Net Book Value
As at 31 March 2026 - 7,550 7,550
As at 1 April 2025 - 12,354 12,354
5. Stocks
2026 2025
£ £
Finished goods 177,858 157,814
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 13,165 2,131
Other debtors 7,061 2,703
20,226 4,834
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 7,624 20,446
Bank loans and overdrafts 4,500 6,750
Other creditors 56,372 33,908
Taxation and social security 14,211 6,674
82,707 67,778
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans - 4,500
Other creditors 76,479 98,008
76,479 102,508
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 50,026 50,026
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