Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 10033542 Mr Luca Fantozzi Ms Michela Modena iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10033542 2023-02-28 10033542 2024-02-28 10033542 2023-03-01 2024-02-28 10033542 frs-core:CurrentFinancialInstruments 2024-02-28 10033542 frs-core:ComputerEquipment 2024-02-28 10033542 frs-core:ComputerEquipment 2023-03-01 2024-02-28 10033542 frs-core:ComputerEquipment 2023-02-28 10033542 frs-core:FurnitureFittings 2024-02-28 10033542 frs-core:FurnitureFittings 2023-03-01 2024-02-28 10033542 frs-core:FurnitureFittings 2023-02-28 10033542 frs-core:PlantMachinery 2024-02-28 10033542 frs-core:PlantMachinery 2023-03-01 2024-02-28 10033542 frs-core:PlantMachinery 2023-02-28 10033542 frs-core:ShareCapital 2024-02-28 10033542 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 10033542 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 10033542 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 10033542 frs-bus:SmallEntities 2023-03-01 2024-02-28 10033542 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 10033542 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 10033542 frs-bus:Director1 2023-03-01 2024-02-28 10033542 frs-bus:Director2 2023-03-01 2024-02-28 10033542 frs-countries:EnglandWales 2023-03-01 2024-02-28 10033542 2022-02-28 10033542 2023-02-28 10033542 2022-03-01 2023-02-28 10033542 frs-core:CurrentFinancialInstruments 2023-02-28 10033542 frs-core:ShareCapital 2023-02-28 10033542 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 10033542
Organicafe Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
MyTaxAgent Ltd
24 Windsor Place
Cardiff
CF10 3BY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10033542
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,269 3,225
18,269 3,225
CURRENT ASSETS
Stocks 5 5,092 -
Debtors 6 1,094 18,659
Cash at bank and in hand 25,593 2
31,779 18,661
Creditors: Amounts Falling Due Within One Year 7 (79,705 ) (46,391 )
NET CURRENT ASSETS (LIABILITIES) (47,926 ) (27,730 )
TOTAL ASSETS LESS CURRENT LIABILITIES (29,657 ) (24,505 )
NET LIABILITIES (29,657 ) (24,505 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (29,659 ) (24,507 )
SHAREHOLDERS' FUNDS (29,657) (24,505)
Page 1
Page 2
For the year ending 28 February 2024 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 Luca Fantozzi
Director
27/08/2024
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
Organicafe Limited Registered number 10033542 is a limited by shares company incorporated in England & Wales. The Registered Office is Blue Mill, Station Road, Fowey, PL23 1DF.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Plant & Machinery 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% 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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 4,300 - - 4,300
Additions 17,862 2,881 391 21,134
As at 28 February 2024 22,162 2,881 391 25,434
Depreciation
As at 1 March 2023 1,075 - - 1,075
Provided during the period 5,272 720 98 6,090
As at 28 February 2024 6,347 720 98 7,165
...CONTINUED
Page 3
Page 4
Net Book Value
As at 28 February 2024 15,815 2,161 293 18,269
As at 1 March 2023 3,225 - - 3,225
5. Stocks
2024 2023
£ £
Stock 5,092 -
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 508 16,500
VAT 586 2,159
1,094 18,659
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 176 (10,999 )
Net wages 2,200 -
Directors' loan accounts 77,329 57,390
79,705 46,391
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4