Acorah Software Products - Accounts Production 15.0.600 false true false 1 November 2022 31 October 2023 31 October 2023 14467327 Mr L Alonso Mr S Leong iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14467327 2022-10-31 14467327 2023-10-31 14467327 2022-11-01 2023-10-31 14467327 frs-core:CurrentFinancialInstruments 2023-10-31 14467327 frs-core:FurnitureFittings 2023-10-31 14467327 frs-core:FurnitureFittings 2022-11-01 2023-10-31 14467327 frs-core:FurnitureFittings 2022-10-31 14467327 frs-core:ShareCapital 2023-10-31 14467327 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 14467327 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 14467327 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 14467327 frs-bus:SmallEntities 2022-11-01 2023-10-31 14467327 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 14467327 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 14467327 frs-bus:Director1 2022-11-01 2023-10-31 14467327 frs-bus:Director2 2022-11-01 2023-10-31 14467327 frs-countries:EnglandWales 2022-11-01 2023-10-31
Registered number: 14467327
Bunk (Manchester) Limited
Financial Statements
For The Year Ended 31 October 2023
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14467327
2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 45,449
45,449
CURRENT ASSETS
Stocks 5 12,183
Debtors 6 47,600
Cash at bank and in hand 4,594
64,377
Creditors: Amounts Falling Due Within One Year 7 (157,478 )
NET CURRENT ASSETS (LIABILITIES) (93,101 )
TOTAL ASSETS LESS CURRENT LIABILITIES (47,652 )
NET LIABILITIES (47,652 )
CAPITAL AND RESERVES
Called up share capital 8 100
Profit and Loss Account (47,752 )
SHAREHOLDERS' FUNDS (47,652)
Page 1
Page 2
For the year ending 31 October 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 L Alonso
Director
21 June 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
Bunk (Manchester) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14467327 . The registered office is 48 Portland Street, Manchester, M1 4QU.
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.
At 31st October 2023 the company had net liabilities of £216,835. The company is reliant on the continued support of the director. The director has confirmed his intention to support the company for at least 12 months from the date of signing the accounts.
On the above basis, the director considers that the accounts should be prepared on a going concern basis.
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:
Fixtures & Fittings 20% 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23
23
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 November 2022 -
Additions 56,809
As at 31 October 2023 56,809
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 November 2022 -
Provided during the period 11,360
As at 31 October 2023 11,360
Net Book Value
As at 31 October 2023 45,449
As at 1 November 2022 -
5. Stocks
2023
£
Stock 12,183
6. Debtors
2023
£
Due within one year
Other debtors 47,500
Directors' loan accounts 100
47,600
7. Creditors: Amounts Falling Due Within One Year
2023
£
Trade creditors 10,850
Other taxes and social security 2,581
VAT 4,540
Other creditors 139,507
157,478
8. Share Capital
2023
£
Allotted, Called up and fully paid 100
Page 4