Acorah Software Products - Accounts Production 15.0.500 false true 30 October 2022 31 October 2021 false 31 October 2022 31 October 2023 31 October 2023 02976924 Miss HEIDI WASIF Mr SAMI WASIF Miss Charmaine Sharon WASIF Mr Martin Steven Gore iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02976924 2022-10-30 02976924 2023-10-31 02976924 2022-10-31 2023-10-31 02976924 frs-core:CurrentFinancialInstruments 2023-10-31 02976924 frs-core:Non-currentFinancialInstruments 2023-10-31 02976924 frs-core:ComputerEquipment 2023-10-31 02976924 frs-core:ComputerEquipment 2022-10-31 2023-10-31 02976924 frs-core:ComputerEquipment 2022-10-30 02976924 frs-core:FurnitureFittings 2023-10-31 02976924 frs-core:FurnitureFittings 2022-10-31 2023-10-31 02976924 frs-core:FurnitureFittings 2022-10-30 02976924 frs-core:NetGoodwill 2023-10-31 02976924 frs-core:NetGoodwill 2022-10-31 2023-10-31 02976924 frs-core:NetGoodwill 2022-10-30 02976924 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 02976924 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-10-31 2023-10-31 02976924 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-10-30 02976924 frs-core:PlantMachinery 2023-10-31 02976924 frs-core:PlantMachinery 2022-10-31 2023-10-31 02976924 frs-core:PlantMachinery 2022-10-30 02976924 frs-core:SharePremium 2023-10-31 02976924 frs-core:ShareCapital 2023-10-31 02976924 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 02976924 frs-bus:PrivateLimitedCompanyLtd 2022-10-31 2023-10-31 02976924 frs-bus:FilletedAccounts 2022-10-31 2023-10-31 02976924 frs-bus:SmallEntities 2022-10-31 2023-10-31 02976924 frs-bus:AuditExempt-NoAccountantsReport 2022-10-31 2023-10-31 02976924 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-31 2023-10-31 02976924 frs-bus:Director1 2022-10-31 2023-10-31 02976924 frs-bus:Director2 2022-10-31 2023-10-31 02976924 frs-bus:Director3 2022-10-31 2023-10-31 02976924 frs-bus:Director4 2022-10-31 2023-10-31 02976924 frs-core:CurrentFinancialInstruments 1 2023-10-31 02976924 frs-core:Non-currentFinancialInstruments 1 2023-10-31 02976924 frs-core:CurrentFinancialInstruments 2 2023-10-31 02976924 frs-core:Non-currentFinancialInstruments 2 2023-10-31 02976924 frs-core:CurrentFinancialInstruments 3 2023-10-31 02976924 frs-core:CurrentFinancialInstruments 4 2023-10-31 02976924 frs-core:CurrentFinancialInstruments 5 2023-10-31 02976924 frs-core:CurrentFinancialInstruments 6 2023-10-31 02976924 frs-core:CurrentFinancialInstruments 7 2023-10-31 02976924 frs-countries:EnglandWales 2022-10-31 2023-10-31 02976924 2021-10-30 02976924 2022-10-30 02976924 2021-10-31 2022-10-30 02976924 frs-core:CurrentFinancialInstruments 2022-10-30 02976924 frs-core:Non-currentFinancialInstruments 2022-10-30 02976924 frs-core:SharePremium 2022-10-30 02976924 frs-core:ShareCapital 2022-10-30 02976924 frs-core:RetainedEarningsAccumulatedLosses 2022-10-30 02976924 frs-core:CurrentFinancialInstruments 1 2022-10-30 02976924 frs-core:Non-currentFinancialInstruments 1 2022-10-30 02976924 frs-core:CurrentFinancialInstruments 2 2022-10-30 02976924 frs-core:Non-currentFinancialInstruments 2 2022-10-30 02976924 frs-core:CurrentFinancialInstruments 3 2022-10-30 02976924 frs-core:CurrentFinancialInstruments 4 2022-10-30 02976924 frs-core:CurrentFinancialInstruments 5 2022-10-30 02976924 frs-core:CurrentFinancialInstruments 6 2022-10-30 02976924 frs-core:CurrentFinancialInstruments 7 2022-10-30
Registered number: 02976924
EASTSIDE STORY LIMITED
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02976924
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 51,527 57,427
Tangible Assets 5 762,305 769,312
813,832 826,739
CURRENT ASSETS
Stocks 6 4,057 44,649
Debtors 7 137,945 136,745
Investments 8 (5,580 ) 5,144
Cash at bank and in hand 72,686 62,418
209,108 248,956
Creditors: Amounts Falling Due Within One Year 9 (139,359 ) (205,585 )
NET CURRENT ASSETS (LIABILITIES) 69,749 43,371
TOTAL ASSETS LESS CURRENT LIABILITIES 883,581 870,110
Creditors: Amounts Falling Due After More Than One Year 10 (512,799 ) (509,916 )
NET ASSETS 370,782 360,194
CAPITAL AND RESERVES
Called up share capital 11 99 99
Share premium account 242,076 242,076
Profit and Loss Account 128,607 118,019
SHAREHOLDERS' FUNDS 370,782 360,194
Page 1
Page 2
For the year ending 31 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 SAMI WASIF
Director
31/10/2023
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
EASTSIDE STORY LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 02976924 . The registered office is Unit 1, 40-48 Bromells Road, London, SW4 0BG.
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 twenty 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:
Leasehold 2% on cost
Plant & Machinery 25%
Fixtures & Fittings 25%
Computer Equipment 33%
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 6)
6 6
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 31 October 2022 118,000
As at 31 October 2023 118,000
Amortisation
As at 31 October 2022 60,573
Provided during the period 5,900
As at 31 October 2023 66,473
Net Book Value
As at 31 October 2023 51,527
As at 31 October 2022 57,427
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 31 October 2022 741,337 115,291 335,292 3,557 1,195,477
As at 31 October 2023 741,337 115,291 335,292 3,557 1,195,477
Depreciation
As at 31 October 2022 - 99,656 323,116 3,393 426,165
Provided during the period - 3,909 3,044 54 7,007
As at 31 October 2023 - 103,565 326,160 3,447 433,172
Net Book Value
As at 31 October 2023 741,337 11,726 9,132 110 762,305
As at 31 October 2022 741,337 15,635 12,176 164 769,312
6. Stocks
2023 2022
£ £
Stocks 4,057 44,649
Page 4
Page 5
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 55,380 55,380
Other debtors 3,312 3,312
Absolutely Starving Ltd 890 890
Esca Inter Company Debtor 41,509 41,509
Eco Resturant Debtor 4,388 4,388
Baladi Kitchen Ltd Debtor 19,800 19,800
Inter Copmany Transactions 10,840 11,466
Inter-company debtors Eco Riverside 826 -
Loan made 1,000 -
137,945 136,745
8. Current Asset Investments
2023 2022
£ £
Short term deposits (5,580 ) 5,144
9. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 43,838 63,895
Other taxes and social security - 9,255
VAT - 36,927
Net wages 17,342 20,851
Other creditors 45,593 42,248
Nest Pension Fund - 14,525
Inter Company Racecorp Ltd 7,400 7,400
ECO Investment & Leisure 2,525 12,525
Eco Pernership 20,000 -
ERI Payroll 3,316 -
Accrued Expenses (655 ) (2,041 )
139,359 205,585
10. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loan 2 - 5 Years 33,212 36,465
Spirabuild Ltd 8,300 3,000
Eco Resturant & IG ltd 66,088 58,490
Directors loan account 405,199 411,961
512,799 509,916
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Page 6
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 99 99
Page 6