Acorah Software Products - Accounts Production 15.0.400 false true true 30 October 2022 31 October 2021 false 31 October 2022 30 October 2023 30 October 2023 04753713 Mr Michael Dennis Mrs Leslie Dennis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04753713 2022-10-30 04753713 2023-10-30 04753713 2022-10-31 2023-10-30 04753713 frs-core:CurrentFinancialInstruments 2023-10-30 04753713 frs-core:Non-currentFinancialInstruments 2023-10-30 04753713 frs-core:FurnitureFittings 2023-10-30 04753713 frs-core:FurnitureFittings 2022-10-31 2023-10-30 04753713 frs-core:FurnitureFittings 2022-10-30 04753713 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-30 04753713 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-10-31 2023-10-30 04753713 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-10-30 04753713 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-10-31 2023-10-30 04753713 frs-core:MotorVehicles 2022-10-31 2023-10-30 04753713 frs-core:PlantMachinery 2023-10-30 04753713 frs-core:PlantMachinery 2022-10-31 2023-10-30 04753713 frs-core:PlantMachinery 2022-10-30 04753713 frs-core:WithinOneYear 2023-10-30 04753713 frs-core:SharePremium 2023-10-30 04753713 frs-core:ShareCapital 2023-10-30 04753713 frs-core:RetainedEarningsAccumulatedLosses 2023-10-30 04753713 frs-bus:PrivateLimitedCompanyLtd 2022-10-31 2023-10-30 04753713 frs-bus:FilletedAccounts 2022-10-31 2023-10-30 04753713 frs-bus:SmallEntities 2022-10-31 2023-10-30 04753713 frs-bus:AuditExempt-NoAccountantsReport 2022-10-31 2023-10-30 04753713 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-31 2023-10-30 04753713 frs-bus:Director1 2022-10-31 2023-10-30 04753713 frs-bus:Director2 2022-10-31 2023-10-30 04753713 frs-countries:EnglandWales 2022-10-31 2023-10-30 04753713 2021-10-30 04753713 2022-10-30 04753713 2021-10-31 2022-10-30 04753713 frs-core:CurrentFinancialInstruments 2022-10-30 04753713 frs-core:Non-currentFinancialInstruments 2022-10-30 04753713 frs-core:WithinOneYear 2022-10-30 04753713 frs-core:SharePremium 2022-10-30 04753713 frs-core:ShareCapital 2022-10-30 04753713 frs-core:RetainedEarningsAccumulatedLosses 2022-10-30
Registered number: 04753713
Nythe Farm Kitchen Limited
Unaudited Financial Statements
For The Year Ended 30 October 2023
Brunel Chartered Certified Accountants
3 Marco Polo House
Cook Way
Taunton
Somerset
TA2 6BJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04753713
2023 2022
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 201,228 222,488
201,228 222,488
CURRENT ASSETS
Stocks 5 195,807 166,710
Debtors 6 424,122 504,689
Cash at bank and in hand 23,507 78,026
643,436 749,425
Creditors: Amounts Falling Due Within One Year 7 (460,069 ) (575,490 )
NET CURRENT ASSETS (LIABILITIES) 183,367 173,935
TOTAL ASSETS LESS CURRENT LIABILITIES 384,595 396,423
Creditors: Amounts Falling Due After More Than One Year 8 (700,392 ) (751,159 )
NET LIABILITIES (315,797 ) (354,736 )
CAPITAL AND RESERVES
Called up share capital 10 38,598 38,598
Share premium account 40,620 40,620
Profit and Loss Account (395,015 ) (433,954 )
SHAREHOLDERS' FUNDS (315,797) (354,736)
Page 1
Page 2
For the year ending 30 October 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
Mr Michael Dennis
Director
Mrs Leslie Dennis
Director
29/07/2024
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
Nythe Farm Kitchen Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04753713 . The registered office is Nythe Farm, North Curry, Taunton, Somerset, TA3 6DS.
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. Going Concern Disclosure
The directors have concluded that it is appropriate to prepare the accounts on a going concern basis despite the net current liabilities position of the Company at the year end. They are satisfied that the Company has sufficient funding available to meet all its liabilities as they fall due.
The directors have also considered the outbreak of the COVID-19 pandemic and what impact it will have on the ongoing operations of the business. The directors have prepared forecasts which demonstrate the company
will be able to operate for a period of at least 12 months within its anticipated cash resources.
The directors’ assumptions and outlook therefore assumes that the COVID-19 pandemic causes no material unanticipated changes to the business model.
2.3. 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.
2.4. 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:
Freehold nil
Leasehold 10% straight line
Plant & Machinery 10% reducing balance & 20% straight line
Motor Vehicles 10% reducing balance
Fixtures & Fittings 10% reducing balance & 20% straight line
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.
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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
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.
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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 21 (2022: 21)
21 21
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 31 October 2022 104,325 463,038 172,474 739,837
Additions - 18,020 5,923 23,943
As at 30 October 2023 104,325 481,058 178,397 763,780
Depreciation
As at 31 October 2022 77,704 297,261 142,384 517,349
Provided during the period 10,433 29,281 5,489 45,203
As at 30 October 2023 88,137 326,542 147,873 562,552
Net Book Value
As at 30 October 2023 16,188 154,516 30,524 201,228
As at 31 October 2022 26,621 165,777 30,090 222,488
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5. Stocks
2023 2022
as restated
£ £
Stock 195,807 166,710
6. Debtors
2023 2022
as restated
£ £
Due within one year
Trade debtors 302,736 320,854
Prepayments and accrued income 28,647 24,072
Other debtors 4,251 14,081
Corporation tax recoverable assets - 39,760
VAT 9,049 12,132
344,683 410,899
Due after more than one year
Deferred tax asset 79,439 93,790
424,122 504,689
7. Creditors: Amounts Falling Due Within One Year
2023 2022
as restated
£ £
Net obligations under finance lease and hire purchase contracts 3,005 6,033
Trade creditors 310,157 334,371
Other taxes and social security 24,272 18,746
Other creditors 116,193 193,412
Accruals and deferred income 6,442 22,928
460,069 575,490
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
as restated
£ £
Bank loans 90,522 135,020
Other creditors 570,541 576,810
Directors loan account 39,329 39,329
700,392 751,159
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
as restated
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,005 6,033
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10. Share Capital
2023 2022
as restated
£ £
Allotted, Called up and fully paid 38,598 38,598
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