Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 10270619 Mr FARZAND BURADKAR iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10270619 2022-07-31 10270619 2023-07-31 10270619 2022-08-01 2023-07-31 10270619 frs-core:CurrentFinancialInstruments 2023-07-31 10270619 frs-core:Non-currentFinancialInstruments 2023-07-31 10270619 frs-core:FurnitureFittings 2023-07-31 10270619 frs-core:FurnitureFittings 2022-08-01 2023-07-31 10270619 frs-core:FurnitureFittings 2022-07-31 10270619 frs-core:MotorVehicles 2023-07-31 10270619 frs-core:MotorVehicles 2022-08-01 2023-07-31 10270619 frs-core:MotorVehicles 2022-07-31 10270619 frs-core:ShareCapital 2023-07-31 10270619 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 10270619 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10270619 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 10270619 frs-bus:SmallEntities 2022-08-01 2023-07-31 10270619 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 10270619 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 10270619 frs-bus:Director1 2022-08-01 2023-07-31 10270619 frs-countries:EnglandWales 2022-08-01 2023-07-31 10270619 2021-07-31 10270619 2022-07-31 10270619 2021-08-01 2022-07-31 10270619 frs-core:CurrentFinancialInstruments 2022-07-31 10270619 frs-core:Non-currentFinancialInstruments 2022-07-31 10270619 frs-core:ShareCapital 2022-07-31 10270619 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 10270619
New Lobo Fishmongers Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
Clear Book Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10270619
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,329 2,912
2,329 2,912
CURRENT ASSETS
Stocks 5 27,250 26,250
Debtors 6 19,906 12,445
Cash at bank and in hand 1,805 1,728
48,961 40,423
Creditors: Amounts Falling Due Within One Year 7 (150 ) (19,992 )
NET CURRENT ASSETS (LIABILITIES) 48,811 20,431
TOTAL ASSETS LESS CURRENT LIABILITIES 51,140 23,343
Creditors: Amounts Falling Due After More Than One Year 8 (67,879 ) (42,068 )
NET LIABILITIES (16,739 ) (18,725 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (16,839 ) (18,825 )
SHAREHOLDERS' FUNDS (16,739) (18,725)
Page 1
Page 2
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 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 FARZAND BURADKAR
Director
23/04/2024
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
New Lobo Fishmongers Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10270619 . The registered office is 544 Hertford Road, Enfield, EN3 5ST.
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:
Motor Vehicles Straight line
Fixtures & Fittings Straight line
2.4. 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: 3 (2022: 3)
3 3
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2022 3,459 7,648 11,107
As at 31 July 2023 3,459 7,648 11,107
Depreciation
As at 1 August 2022 2,552 5,643 8,195
Provided during the period 182 401 583
As at 31 July 2023 2,734 6,044 8,778
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 July 2023 725 1,604 2,329
As at 1 August 2022 907 2,005 2,912
5. Stocks
2023 2022
£ £
Stock 27,250 26,250
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 19,906 12,445
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors - 14,403
Taxation and social security 150 5,589
150 19,992
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 36,277 42,068
Other loans 31,602 -
67,879 42,068
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4