Acorah Software Products - Accounts Production 14.5.601 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 09180476 Mr Brijesh Patel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09180476 2022-08-31 09180476 2023-08-31 09180476 2022-09-01 2023-08-31 09180476 frs-core:CurrentFinancialInstruments 2023-08-31 09180476 frs-core:Non-currentFinancialInstruments 2023-08-31 09180476 frs-core:NetGoodwill 2022-09-01 2023-08-31 09180476 frs-core:MotorVehicles 2023-08-31 09180476 frs-core:MotorVehicles 2022-09-01 2023-08-31 09180476 frs-core:MotorVehicles 2022-08-31 09180476 frs-core:ShareCapital 2023-08-31 09180476 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 09180476 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 09180476 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 09180476 frs-bus:SmallEntities 2022-09-01 2023-08-31 09180476 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 09180476 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 09180476 frs-bus:Director1 2022-09-01 2023-08-31 09180476 frs-countries:EnglandWales 2022-09-01 2023-08-31 09180476 2021-08-31 09180476 2022-08-31 09180476 2021-09-01 2022-08-31 09180476 frs-core:CurrentFinancialInstruments 2022-08-31 09180476 frs-core:Non-currentFinancialInstruments 2022-08-31 09180476 frs-core:ShareCapital 2022-08-31 09180476 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 09180476
B & B Newsagents Limited
Unaudited Financial Statements
For The Year Ended 31 August 2023
MWR Accountants
Chartered Certified Accountants
292 North Road
Cardiff
CF14 3BN
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09180476
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 44,800
Tangible Assets 5 - 5,459
- 50,259
CURRENT ASSETS
Stocks 6 - 12,000
Debtors 7 - 22,263
Cash at bank and in hand - 2,432
- 36,695
Creditors: Amounts Falling Due Within One Year 8 (97,539 ) (155,734 )
NET CURRENT ASSETS (LIABILITIES) (97,539 ) (119,039 )
TOTAL ASSETS LESS CURRENT LIABILITIES (97,539 ) (68,780 )
Creditors: Amounts Falling Due After More Than One Year 9 (21,141 ) (21,141 )
NET LIABILITIES (118,680 ) (89,921 )
CAPITAL AND RESERVES
Called up share capital 11 1 1
Profit and Loss Account (118,681 ) (89,922 )
SHAREHOLDERS' FUNDS (118,680) (89,921)
Page 1
Page 2
For the year ending 31 August 2023 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 his 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 Brijesh Patel
Director
3 April 2024
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
B & B Newsagents Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09180476 . The registered office is 174-176 Corporation Road 174- 176 Corporation Road, Cardiff, CF11 7AY.
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 .... years.
2.4. 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:
Motor Vehicles 20% SL
2.5. 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 profit and loss account as incurred.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 4)
1 4
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5. Tangible Assets
Motor Vehicles
£
Cost
As at 1 September 2022 27,295
Disposals (27,295 )
Depreciation
As at 1 September 2022 21,836
Disposals (21,836 )
As at 31 August 2023 -
Net Book Value
As at 31 August 2023 -
As at 1 September 2022 5,459
6. Stocks
2023 2022
£ £
Finished goods - 12,000
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 16,736
VAT - 5,527
- 22,263
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 633
Corporation tax 1,384 1,295
Other taxes and social security - 852
Accruals and deferred income 1,375 1,375
Director's loan account 94,780 151,579
97,539 155,734
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 21,141 21,141
21,141 21,141
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Page 5
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 5