Acorah Software Products - Accounts Production 15.0.600 false true 30 September 2022 1 October 2021 false 1 October 2022 31 December 2023 31 December 2023 09793852 Mr Milaim Zenelaj iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09793852 2022-09-30 09793852 2023-12-31 09793852 2022-10-01 2023-12-31 09793852 frs-core:CurrentFinancialInstruments 2023-12-31 09793852 frs-core:Non-currentFinancialInstruments 2023-12-31 09793852 frs-core:ComputerEquipment 2023-12-31 09793852 frs-core:ComputerEquipment 2022-10-01 2023-12-31 09793852 frs-core:ComputerEquipment 2022-09-30 09793852 frs-core:FurnitureFittings 2023-12-31 09793852 frs-core:FurnitureFittings 2022-10-01 2023-12-31 09793852 frs-core:FurnitureFittings 2022-09-30 09793852 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 09793852 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-10-01 2023-12-31 09793852 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-09-30 09793852 frs-core:PlantMachinery 2023-12-31 09793852 frs-core:PlantMachinery 2022-10-01 2023-12-31 09793852 frs-core:PlantMachinery 2022-09-30 09793852 frs-core:ShareCapital 2023-12-31 09793852 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09793852 frs-bus:PrivateLimitedCompanyLtd 2022-10-01 2023-12-31 09793852 frs-bus:FilletedAccounts 2022-10-01 2023-12-31 09793852 frs-bus:SmallEntities 2022-10-01 2023-12-31 09793852 frs-bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-12-31 09793852 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-12-31 09793852 frs-bus:Director1 2022-10-01 2023-12-31 09793852 frs-bus:Director1 2022-09-30 09793852 frs-bus:Director1 2023-12-31 09793852 frs-countries:EnglandWales 2022-10-01 2023-12-31 09793852 2021-09-30 09793852 2022-09-30 09793852 2021-10-01 2022-09-30 09793852 frs-core:CurrentFinancialInstruments 2022-09-30 09793852 frs-core:Non-currentFinancialInstruments 2022-09-30 09793852 frs-core:ShareCapital 2022-09-30 09793852 frs-core:RetainedEarningsAccumulatedLosses 2022-09-30
Registered number: 09793852
Nicolas Greek Taverna Ltd
Unaudited Financial Statements
For the Period 1 October 2022 to 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09793852
31 December 2023 30 September 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 17,746
- 17,746
CURRENT ASSETS
Stocks 5 - 4,000
Debtors 6 26,057 66,891
Cash at bank and in hand 47,436 6,755
73,493 77,646
Creditors: Amounts Falling Due Within One Year 7 (73,434 ) (34,058 )
NET CURRENT ASSETS (LIABILITIES) 59 43,588
TOTAL ASSETS LESS CURRENT LIABILITIES 59 61,334
Creditors: Amounts Falling Due After More Than One Year 8 - (38,463 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (1,092 )
NET ASSETS 59 21,779
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 57 21,777
SHAREHOLDERS' FUNDS 59 21,779
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Page 2
For the period ending 31 December 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 Milaim Zenelaj
Director
29/03/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Nicolas Greek Taverna Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09793852 . The registered office is 1 Milnyard Square, Orton Southgate, Peterborough, PE2 6GX.
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:
Leasehold Straight line over 10 years
Plant & Machinery 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
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.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 3 (2022: 2)
3 2
Page 3
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2022 40,000 6,920 6,105 462 53,487
Additions - 1,399 - - 1,399
Disposals (40,000 ) (8,319 ) (6,105 ) (462 ) (54,886 )
Depreciation
As at 1 October 2022 28,000 5,294 2,245 202 35,741
Disposals (28,000 ) (5,294 ) (2,245 ) (202 ) (35,741 )
As at 31 December 2023 - - - - -
Net Book Value
As at 31 December 2023 - - - - -
As at 1 October 2022 12,000 1,626 3,860 260 17,746
5. Stocks
31 December 2023 30 September 2022
£ £
Stock - 4,000
6. Debtors
31 December 2023 30 September 2022
£ £
Due within one year
Trade debtors - 4,401
Director's loan account 19,482 -
Amounts owed by group undertakings - 62,490
19,482 66,891
Due after more than one year
Corporation tax recoverable assets 6,575 -
6,575 -
26,057 66,891
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7. Creditors: Amounts Falling Due Within One Year
31 December 2023 30 September 2022
£ £
Trade creditors 20,191 20,353
Bank loans and overdrafts 37,353 6,389
Corporation tax 8,801 1,217
VAT 5,694 3,800
Net wages - 1,150
Accruals and deferred income 1,395 1,085
Director's loan account - 64
73,434 34,058
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 30 September 2022
£ £
Bank loans - 38,463
- 38,463
9. Share Capital
31 December 2023 30 September 2022
£ £
Allotted, Called up and fully paid 2 2
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2022 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Milaim Zenelaj 64 37,426 17,880 - 19,482
The above loan is unsecured, interest free and repayable on demand.
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