Acorah Software Products - Accounts Production 14.6.300 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 07928646 Mr L Hasell Mr J Eggleton Mr L Hasell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07928646 2023-01-31 07928646 2024-01-31 07928646 2023-02-01 2024-01-31 07928646 frs-core:CurrentFinancialInstruments 2024-01-31 07928646 frs-core:Non-currentFinancialInstruments 2024-01-31 07928646 frs-core:FurnitureFittings 2024-01-31 07928646 frs-core:FurnitureFittings 2023-02-01 2024-01-31 07928646 frs-core:FurnitureFittings 2023-01-31 07928646 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 07928646 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 07928646 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-31 07928646 frs-core:PlantMachinery 2024-01-31 07928646 frs-core:PlantMachinery 2023-02-01 2024-01-31 07928646 frs-core:PlantMachinery 2023-01-31 07928646 frs-core:ShareCapital 2024-01-31 07928646 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 07928646 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07928646 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 07928646 frs-bus:SmallEntities 2023-02-01 2024-01-31 07928646 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07928646 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07928646 frs-bus:Director1 2023-02-01 2024-01-31 07928646 frs-bus:Director1 2023-01-31 07928646 frs-bus:Director1 2024-01-31 07928646 frs-bus:Director2 2023-02-01 2024-01-31 07928646 frs-bus:Director2 2023-01-31 07928646 frs-bus:Director2 2024-01-31 07928646 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 07928646 frs-countries:EnglandWales 2023-02-01 2024-01-31 07928646 2022-01-31 07928646 2023-01-31 07928646 2022-02-01 2023-01-31 07928646 frs-core:CurrentFinancialInstruments 2023-01-31 07928646 frs-core:Non-currentFinancialInstruments 2023-01-31 07928646 frs-core:ShareCapital 2023-01-31 07928646 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 07928646
Eat Drink Events Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07928646
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 51,427 55,715
51,427 55,715
CURRENT ASSETS
Stocks 5 10,000 8,000
Debtors 6 189,539 122,808
Cash at bank and in hand 46,744 49,553
246,283 180,361
Creditors: Amounts Falling Due Within One Year 7 (222,857 ) (172,235 )
NET CURRENT ASSETS (LIABILITIES) 23,426 8,126
TOTAL ASSETS LESS CURRENT LIABILITIES 74,853 63,841
Creditors: Amounts Falling Due After More Than One Year 8 (28,750 ) (43,750 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,850 ) (9,502 )
NET ASSETS 37,253 10,589
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 37,153 10,489
SHAREHOLDERS' FUNDS 37,253 10,589
Page 1
Page 2
For the year ending 31 January 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 L Hasell
Director
Mr J Eggleton
Director
28/08/2024
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
Eat Drink Events Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07928646 . The registered office is Herons Green Farm, Compton Martin, Bristol, Bath And N E Somerset, BS40 6NL.
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 company has been able to finance its operations largely because of the support from the directors. With their continuing support, the directors are satisfied that the company will be able to meet its liabilities as they fall due.
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:
Leasehold 15% on reducing balance
Plant & Machinery 15% on reducing balance
Fixtures & Fittings 15% on 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 year 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.
...CONTINUED
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Page 4
2.6. Taxation - continued
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 asset reflects 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2023: 19)
18 19
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 February 2023 17,795 95,243 53,321 166,359
Additions - 4,788 - 4,788
As at 31 January 2024 17,795 100,031 53,321 171,147
Depreciation
As at 1 February 2023 12,091 59,038 39,515 110,644
Provided during the period 855 6,151 2,070 9,076
As at 31 January 2024 12,946 65,189 41,585 119,720
Net Book Value
As at 31 January 2024 4,849 34,842 11,736 51,427
As at 1 February 2023 5,704 36,205 13,806 55,715
5. Stocks
2024 2023
£ £
Materials 10,000 8,000
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,538 878
Prepayments and accrued income 1,310 1,287
Other debtors 750 750
Directors' loan accounts 63,247 27,588
Amounts owed by related parties 113,383 92,305
180,228 122,808
Due after more than one year
Corporation tax recoverable assets 9,311 -
189,539 122,808
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 23,053 27,414
Bank loans and overdrafts 39,794 15,000
Corporation tax 20,319 2,244
Other taxes and social security 60,595 38,619
VAT 34,247 40,090
Net wages 28,882 32,718
Other creditors 12,146 12,254
Accruals and deferred income 3,821 3,896
222,857 172,235
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 28,750 43,750
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Luke Hasell 16,790 18,660 - - 35,450
Mr Josh Eggleton 10,797 16,998 - - 27,795
The above loan is unsecured, interest free and repayable on demand.
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11. Related Party Transactions
The amount due from directors at the reporting date is £63,246 (2023: £27,588). The loans are unsecured and interest free.
Page 6