Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 05196370 Mrs Jane Lim Mr Beng Lim iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05196370 2023-02-28 05196370 2024-02-29 05196370 2023-03-01 2024-02-29 05196370 frs-core:CurrentFinancialInstruments 2024-02-29 05196370 frs-core:Non-currentFinancialInstruments 2024-02-29 05196370 frs-core:ComputerEquipment 2024-02-29 05196370 frs-core:ComputerEquipment 2023-03-01 2024-02-29 05196370 frs-core:ComputerEquipment 2023-02-28 05196370 frs-core:FurnitureFittings 2024-02-29 05196370 frs-core:FurnitureFittings 2023-03-01 2024-02-29 05196370 frs-core:FurnitureFittings 2023-02-28 05196370 frs-core:NetGoodwill 2024-02-29 05196370 frs-core:NetGoodwill 2023-03-01 2024-02-29 05196370 frs-core:NetGoodwill 2023-02-28 05196370 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 05196370 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 05196370 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 05196370 frs-core:PlantMachinery 2024-02-29 05196370 frs-core:PlantMachinery 2023-03-01 2024-02-29 05196370 frs-core:PlantMachinery 2023-02-28 05196370 frs-core:ShareCapital 2024-02-29 05196370 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 05196370 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 05196370 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 05196370 frs-bus:SmallEntities 2023-03-01 2024-02-29 05196370 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 05196370 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 05196370 frs-bus:Director1 2023-03-01 2024-02-29 05196370 frs-bus:Director2 2023-03-01 2024-02-29 05196370 frs-countries:EnglandWales 2023-03-01 2024-02-29 05196370 2022-02-28 05196370 2023-02-28 05196370 2022-03-01 2023-02-28 05196370 frs-core:CurrentFinancialInstruments 2023-02-28 05196370 frs-core:Non-currentFinancialInstruments 2023-02-28 05196370 frs-core:ShareCapital 2023-02-28 05196370 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 05196370
Restaurant 102 Limited
Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 05196370
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 1
Tangible Assets 5 237,152 240,596
237,153 240,597
CURRENT ASSETS
Stocks 6 2,150 2,255
Debtors 7 676 1,275
Cash at bank and in hand 63,424 94,756
66,250 98,286
Creditors: Amounts Falling Due Within One Year 8 (142,152 ) (189,730 )
NET CURRENT ASSETS (LIABILITIES) (75,902 ) (91,444 )
TOTAL ASSETS LESS CURRENT LIABILITIES 161,251 149,153
Creditors: Amounts Falling Due After More Than One Year 9 (16,667 ) (26,667 )
NET ASSETS 144,584 122,486
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account 144,574 122,476
SHAREHOLDERS' FUNDS 144,584 122,486
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For the year ending 29 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
Mrs Jane Lim
Director
Mr Beng Lim
Director
9 September 2024
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Restaurant 102 Limited Registered number 05196370 is a limited by shares company incorporated in England & Wales. The Registered Office is Kershaw House, 80 Fitzwilliam Street, Huddersfield, West Yorkshire, HD1 5BB.
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.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 4 years.
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:
Freehold 2% straight line
Plant & Machinery 20% straight line
Fixtures & Fittings 20% straight line
Computer Equipment 25% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.6. 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.
2.7. 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.
2.8. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 22 22
22 22
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4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 100,000
As at 29 February 2024 100,000
Amortisation
As at 1 March 2023 99,999
As at 29 February 2024 99,999
Net Book Value
As at 29 February 2024 1
As at 1 March 2023 1
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 286,091 22,547 18,392 1,000 328,030
Additions - 1,180 - - 1,180
Disposals - (999 ) - - (999 )
As at 29 February 2024 286,091 22,728 18,392 1,000 328,211
Depreciation
As at 1 March 2023 50,401 20,981 15,538 514 87,434
Provided during the period 2,800 757 944 122 4,623
Disposals - (998 ) - - (998 )
As at 29 February 2024 53,201 20,740 16,482 636 91,059
Net Book Value
As at 29 February 2024 232,890 1,988 1,910 364 237,152
As at 1 March 2023 235,690 1,566 2,854 486 240,596
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6. Stocks
2024 2023
£ £
Stock 2,150 -
Materials - 2,255
2,150 2,255
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 676 945
Net wages - 330
676 1,275
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,069 6,447
Bank loans and overdrafts 10,000 10,000
Corporation tax 6,410 4,567
Other taxes and social security 939 1,029
VAT 12,228 11,989
Pensions 208 261
Accruals and deferred income 5,961 3,364
Directors' loan accounts 102,337 152,073
142,152 189,730
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 16,667 26,667
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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11. Pension Commitments
The company operates a defined contribution pension scheme for employees and directors. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £208 (2023 £261) were due to the fund. They are included in Other Creditors.
12. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mrs Jane Lim 1,000 2,000
Mr Beng Lim 1,000 2,000
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