Acorah Software Products - Accounts Production 14.5.501 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 04802809 Mrs Helena Hallett Mr Christopher Hallett Mrs Helena Hallett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04802809 2022-07-31 04802809 2023-07-31 04802809 2022-08-01 2023-07-31 04802809 frs-core:CurrentFinancialInstruments 2023-07-31 04802809 frs-core:ComputerEquipment 2023-07-31 04802809 frs-core:ComputerEquipment 2022-08-01 2023-07-31 04802809 frs-core:ComputerEquipment 2022-07-31 04802809 frs-core:FurnitureFittings 2023-07-31 04802809 frs-core:FurnitureFittings 2022-08-01 2023-07-31 04802809 frs-core:FurnitureFittings 2022-07-31 04802809 frs-core:NetGoodwill 2023-07-31 04802809 frs-core:NetGoodwill 2022-08-01 2023-07-31 04802809 frs-core:NetGoodwill 2022-07-31 04802809 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 04802809 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 04802809 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-07-31 04802809 frs-core:MotorVehicles 2023-07-31 04802809 frs-core:MotorVehicles 2022-08-01 2023-07-31 04802809 frs-core:MotorVehicles 2022-07-31 04802809 frs-core:ShareCapital 2023-07-31 04802809 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 04802809 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 04802809 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 04802809 frs-bus:SmallEntities 2022-08-01 2023-07-31 04802809 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 04802809 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 04802809 frs-bus:Director1 2022-08-01 2023-07-31 04802809 frs-bus:Director2 2022-08-01 2023-07-31 04802809 frs-bus:CompanySecretary1 2022-08-01 2023-07-31 04802809 frs-countries:EnglandWales 2022-08-01 2023-07-31 04802809 2021-07-31 04802809 2022-07-31 04802809 2021-08-01 2022-07-31 04802809 frs-core:CurrentFinancialInstruments 2022-07-31 04802809 frs-core:ShareCapital 2022-07-31 04802809 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 04802809
Halletts The Bakers Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04802809
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 2,400
Tangible Assets 5 815,588 795,697
Investment Properties 6 918,592 918,592
1,734,180 1,716,689
CURRENT ASSETS
Stocks 33,015 30,014
Debtors 7 244,551 206,602
Cash at bank and in hand 204,314 319,837
481,880 556,453
Creditors: Amounts Falling Due Within One Year 8 (181,433 ) (208,710 )
NET CURRENT ASSETS (LIABILITIES) 300,447 347,743
TOTAL ASSETS LESS CURRENT LIABILITIES 2,034,627 2,064,432
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (68,588 ) (62,730 )
NET ASSETS 1,966,039 2,001,702
CAPITAL AND RESERVES
Called up share capital 10 120 120
Profit and Loss Account 1,965,919 2,001,582
SHAREHOLDERS' FUNDS 1,966,039 2,001,702
Page 1
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For the year ending 31 July 2023 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 Helena Hallett
Director
17/04/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Halletts The Bakers Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04802809 . The registered office is Unit H3 Westfield Business Park, Long Road, Paignton, Devon, TQ4 7AU.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 2% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% reducing balance
2.5. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their market value.
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. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
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2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was 42 (2022: 33)
42 33
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2022 48,000
As at 31 July 2023 48,000
Amortisation
As at 1 August 2022 45,600
Provided during the period 2,400
As at 31 July 2023 48,000
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2022 546,964 229,352 765,776 3,480 1,545,572
Additions - 80,372 90,783 3,180 174,335
Disposals - (48,292 ) - - (48,292 )
As at 31 July 2023 546,964 261,432 856,559 6,660 1,671,615
Depreciation
As at 1 August 2022 81,424 144,879 521,886 1,686 749,875
Provided during the period 10,939 61,213 66,934 995 140,081
Disposals - (33,929 ) - - (33,929 )
As at 31 July 2023 92,363 172,163 588,820 2,681 856,027
Net Book Value
As at 31 July 2023 454,601 89,269 267,739 3,979 815,588
As at 1 August 2022 465,540 84,473 243,890 1,794 795,697
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6. Investment Property
2023
£
Fair Value
As at 1 August 2022 and 31 July 2023 918,592
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 208,207 164,172
Prepayments and accrued income 1,618 -
Other debtors 20,272 15,772
VAT 14,454 26,658
244,551 206,602
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 66,288 91,273
Corporation tax 38,215 53,182
Other taxes and social security 15,314 12,972
Other creditors 61,616 51,283
181,433 208,710
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 68,588 62,730
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 120 120
11. Directors Advances, Credits and Guarantees
Dividends paid to directors - £157,241 (2022: £77,657)
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12. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid 224,725 115,159
224,725 115,159
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