Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 08654039 Mr Peter Sanchez-Iglesias Mrs Hannah Sanchez-Iglesias Mrs Hannah Sanchez-Iglesias iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08654039 2022-11-30 08654039 2023-11-30 08654039 2022-12-01 2023-11-30 08654039 frs-core:CurrentFinancialInstruments 2023-11-30 08654039 frs-core:Non-currentFinancialInstruments 2023-11-30 08654039 frs-core:BetweenOneFiveYears 2023-11-30 08654039 frs-core:PlantMachinery 2023-11-30 08654039 frs-core:PlantMachinery 2022-12-01 2023-11-30 08654039 frs-core:PlantMachinery 2022-11-30 08654039 frs-core:WithinOneYear 2023-11-30 08654039 frs-core:ShareCapital 2023-11-30 08654039 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 08654039 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08654039 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 08654039 frs-bus:SmallEntities 2022-12-01 2023-11-30 08654039 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 08654039 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 08654039 frs-bus:Director1 2022-12-01 2023-11-30 08654039 frs-bus:Director2 2022-12-01 2023-11-30 08654039 frs-bus:CompanySecretary1 2022-12-01 2023-11-30 08654039 frs-countries:EnglandWales 2022-12-01 2023-11-30 08654039 2021-11-30 08654039 2022-11-30 08654039 2021-12-01 2022-11-30 08654039 frs-core:CurrentFinancialInstruments 2022-11-30 08654039 frs-core:Non-currentFinancialInstruments 2022-11-30 08654039 frs-core:BetweenOneFiveYears 2022-11-30 08654039 frs-core:WithinOneYear 2022-11-30 08654039 frs-core:ShareCapital 2022-11-30 08654039 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Sanchez Brothers Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08654039
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,829 37,182
20,829 37,182
CURRENT ASSETS
Debtors 5 137,076 141,756
Cash at bank and in hand 13,504 2,493
150,580 144,249
Creditors: Amounts Falling Due Within One Year 6 (131,734 ) (112,227 )
NET CURRENT ASSETS (LIABILITIES) 18,846 32,022
TOTAL ASSETS LESS CURRENT LIABILITIES 39,675 69,204
Creditors: Amounts Falling Due After More Than One Year 7 (14,812 ) (24,250 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,207 ) (7,065 )
NET ASSETS 19,656 37,889
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 19,654 37,887
SHAREHOLDERS' FUNDS 19,656 37,889
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For the year ending 30 November 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 Peter Sanchez-Iglesias
Director
9 August 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
Sanchez Brothers Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08654039 . The registered office is Gowran House 56 Broad Street, Chipping Sodbury, Bristol, BS37 6AG.
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.
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:
Plant & Machinery 33% on cost
2.4. 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.
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: 2 (2022: 2)
2 2
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 December 2022 49,554
As at 30 November 2023 49,554
Depreciation
As at 1 December 2022 12,372
Provided during the period 16,353
As at 30 November 2023 28,725
Net Book Value
As at 30 November 2023 20,829
As at 1 December 2022 37,182
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 15,000
Amounts owed by group undertakings- Casamia 137,076 126,756
137,076 141,756
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 9,280 9,280
Corporation tax - (11,550 )
Other taxes and social security 98 898
VAT 1,064 4,653
Other creditors - 15,000
Directors' loan accounts 877 6,848
Amounts owed to group undertakings- Paco Tapas 120,415 87,098
131,734 112,227
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 14,812 24,250
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 17,077 8,009
Later than one year and not later than five years 25,390 -
42,467 8,009
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