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Registered number: 05010452
THE BLUE BELL INN (EMSWORTH) LIMITED
Unaudited Financial Statements
For The Year Ended 30 June 2023
PLS Management
Pls Management
44 Richmond Road
Kingston Upon Thames
KT2 5EE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05010452
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,500 3,000
Tangible Assets 5 42,888 53,646
44,388 56,646
CURRENT ASSETS
Stocks 6 9,268 9,268
Debtors 7 48,385 81,175
Cash at bank and in hand 124,865 35,605
182,518 126,048
Creditors: Amounts Falling Due Within One Year 8 (283,091 ) (177,941 )
NET CURRENT ASSETS (LIABILITIES) (100,573 ) (51,893 )
TOTAL ASSETS LESS CURRENT LIABILITIES (56,185 ) 4,753
PROVISIONS FOR LIABILITIES
Deferred Taxation - (2,814 )
NET (LIABILITIES)/ASSETS (56,185 ) 1,939
CAPITAL AND RESERVES
Called up share capital 9 4 4
Profit and Loss Account (56,189 ) 1,935
SHAREHOLDERS' FUNDS (56,185) 1,939
Page 1
Page 2
For the year ending 30 June 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 Thomas Babb
Director
06/08/2024
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
THE BLUE BELL INN (EMSWORTH) LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 05010452 . The registered office is Blue Bell Inn, 29 South Street, Emsworth, Hants, PO10 7EG.
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:
Fixtures & Fittings 25% reducing balance
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.
2.6. 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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: 16 (2022: 17)
16 17
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2022 30,000
As at 30 June 2023 30,000
Amortisation
As at 1 July 2022 27,000
Provided during the period 1,500
As at 30 June 2023 28,500
Net Book Value
As at 30 June 2023 1,500
As at 1 July 2022 3,000
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 July 2022 144,882
Additions 3,538
As at 30 June 2023 148,420
Depreciation
As at 1 July 2022 91,236
Provided during the period 14,296
As at 30 June 2023 105,532
Net Book Value
As at 30 June 2023 42,888
As at 1 July 2022 53,646
6. Stocks
2023 2022
£ £
Finished goods 9,268 9,268
Page 4
Page 5
7. Debtors
2023 2022
£ £
Due within one year
Amounts owed by group undertakings 36,590 50,990
Other debtors 11,795 30,185
48,385 81,175
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 42,588 49,353
Bank loans and overdrafts 133,337 83,398
Other creditors 75,313 1,433
Taxation and social security 31,853 43,757
283,091 177,941
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 4 4
Page 5