Acorah Software Products - Accounts Production 14.6.300 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 10461511 Mr Michael Allen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10461511 2022-11-30 10461511 2023-11-30 10461511 2022-12-01 2023-11-30 10461511 frs-core:CurrentFinancialInstruments 2023-11-30 10461511 frs-core:Non-currentFinancialInstruments 2023-11-30 10461511 frs-core:FurnitureFittings 2023-11-30 10461511 frs-core:FurnitureFittings 2022-12-01 2023-11-30 10461511 frs-core:FurnitureFittings 2022-11-30 10461511 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 10461511 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 10461511 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-30 10461511 frs-core:PlantMachinery 2022-12-01 2023-11-30 10461511 frs-core:ShareCapital 2023-11-30 10461511 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 10461511 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10461511 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 10461511 frs-bus:SmallEntities 2022-12-01 2023-11-30 10461511 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10461511 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 10461511 frs-bus:OrdinaryShareClass1 2022-12-01 2023-11-30 10461511 frs-bus:OrdinaryShareClass1 2023-11-30 10461511 frs-bus:OrdinaryShareClass3 2022-12-01 2023-11-30 10461511 frs-bus:OrdinaryShareClass3 2023-11-30 10461511 frs-bus:Director1 2022-12-01 2023-11-30 10461511 frs-countries:EnglandWales 2022-12-01 2023-11-30 10461511 2021-11-30 10461511 2022-11-30 10461511 2021-12-01 2022-11-30 10461511 frs-core:CurrentFinancialInstruments 2022-11-30 10461511 frs-core:Non-currentFinancialInstruments 2022-11-30 10461511 frs-core:ShareCapital 2022-11-30 10461511 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 10461511 frs-bus:OrdinaryShareClass1 2021-12-01 2022-11-30 10461511 frs-bus:OrdinaryShareClass3 2021-12-01 2022-11-30
Registered number: 10461511
Vaughans Bistro Weymouth Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Island Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10461511
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 657,400 575,760
657,400 575,760
CURRENT ASSETS
Stocks 5 2,250 2,250
Cash at bank and in hand 75,882 95,010
78,132 97,260
Creditors: Amounts Falling Due Within One Year 6 (174,729 ) (102,776 )
NET CURRENT ASSETS (LIABILITIES) (96,597 ) (5,516 )
TOTAL ASSETS LESS CURRENT LIABILITIES 560,803 570,244
Creditors: Amounts Falling Due After More Than One Year 7 (269,368 ) (384,902 )
NET ASSETS 291,435 185,342
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account 291,235 185,142
SHAREHOLDERS' FUNDS 291,435 185,342
Page 1
Page 2
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 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 Michael Allen
Director
30/08/2024
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
Vaughans Bistro Weymouth Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10461511 . The registered office is 7, Custom House Quay, Weymouth, Dorset, DT4 8BE.
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:
Freehold 0%
Plant & Machinery 20%
Fixtures & Fittings 15%
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. 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: 24 (2022: 25)
24 25
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Page 4
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 December 2022 485,326 229,322 714,648
Additions - 103,025 103,025
As at 30 November 2023 485,326 332,347 817,673
Depreciation
As at 1 December 2022 - 138,888 138,888
Provided during the period - 21,539 21,539
Disposals - (154 ) (154 )
As at 30 November 2023 - 160,273 160,273
Net Book Value
As at 30 November 2023 485,326 172,074 657,400
As at 1 December 2022 485,326 90,434 575,760
5. Stocks
2023 2022
£ £
Stock 2,250 2,250
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 35,957 6,692
Bank loans and overdrafts 10,000 10,000
Other creditors 81,095 36,325
Taxation and social security 47,677 49,759
174,729 102,776
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Mortgage 148,868 164,402
Amounts owed to participating interests 120,500 220,500
269,368 384,902
8. Share Capital
2023 2022
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
100 Ordinary B shares of £ 1.00 each 100 100
200 200
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