Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11668254 Mrs Kate Child Mr Wayne Child iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11668254 2023-03-31 11668254 2024-03-31 11668254 2023-04-01 2024-03-31 11668254 frs-core:CurrentFinancialInstruments 2024-03-31 11668254 frs-core:Non-currentFinancialInstruments 2024-03-31 11668254 frs-core:FurnitureFittings 2024-03-31 11668254 frs-core:FurnitureFittings 2023-04-01 2024-03-31 11668254 frs-core:FurnitureFittings 2023-03-31 11668254 frs-core:PlantMachinery 2024-03-31 11668254 frs-core:PlantMachinery 2023-04-01 2024-03-31 11668254 frs-core:PlantMachinery 2023-03-31 11668254 frs-core:ShareCapital 2024-03-31 11668254 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11668254 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11668254 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11668254 frs-bus:SmallEntities 2023-04-01 2024-03-31 11668254 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11668254 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11668254 frs-bus:Director1 2023-04-01 2024-03-31 11668254 frs-bus:Director1 2023-03-31 11668254 frs-bus:Director1 2024-03-31 11668254 frs-bus:Director2 2023-04-01 2024-03-31 11668254 frs-bus:Director2 2023-03-31 11668254 frs-bus:Director2 2024-03-31 11668254 frs-core:CurrentFinancialInstruments 1 2024-03-31 11668254 frs-core:CurrentFinancialInstruments 5 2024-03-31 11668254 frs-countries:EnglandWales 2023-04-01 2024-03-31 11668254 2022-03-31 11668254 2023-03-31 11668254 2022-04-01 2023-03-31 11668254 frs-core:CurrentFinancialInstruments 2023-03-31 11668254 frs-core:Non-currentFinancialInstruments 2023-03-31 11668254 frs-core:ShareCapital 2023-03-31 11668254 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 11668254 frs-core:CurrentFinancialInstruments 1 2023-03-31 11668254 frs-core:CurrentFinancialInstruments 5 2023-03-31
Registered number: 11668254
Bubbas (Plympton) Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Mayers
33 Mary Seacole Road
The Millfields
Plymouth
PL1 3JY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11668254
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 59,063 61,825
59,063 61,825
CURRENT ASSETS
Debtors 5 - 5,526
Cash at bank and in hand 45,602 55,565
45,602 61,091
Creditors: Amounts Falling Due Within One Year 6 (74,425 ) (79,065 )
NET CURRENT ASSETS (LIABILITIES) (28,823 ) (17,974 )
TOTAL ASSETS LESS CURRENT LIABILITIES 30,240 43,851
Creditors: Amounts Falling Due After More Than One Year 7 (9,750 ) (14,250 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,973 ) (3,498 )
NET ASSETS 17,517 26,103
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 17,417 26,003
SHAREHOLDERS' FUNDS 17,517 26,103
Page 1
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For the year ending 31 March 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 Kate Child
Director
2 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Bubbas (Plympton) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11668254 . The registered office is 33 Mary Seacole Road, Plymouth, Devon, PL1 3JY.
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. 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 15% reducing balance
Fixtures & Fittings 15% reducing balance
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: 5 (2023: 4)
5 4
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 20,161 59,037 79,198
As at 31 March 2024 20,161 59,037 79,198
Depreciation
As at 1 April 2023 9,497 7,876 17,373
Provided during the period 1,601 1,161 2,762
As at 31 March 2024 11,098 9,037 20,135
Net Book Value
As at 31 March 2024 9,063 50,000 59,063
As at 1 April 2023 10,664 51,161 61,825
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 5,526
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 280 221
Corporation tax 11,514 12,967
Other taxes and social security 967 1,247
VAT 9,942 10,528
Other creditors 20,208 27,631
Other creditors (1) 3,605 -
Pension creditor 194 251
Accrued expenses 1,185 1,130
Directors' loan accounts 26,530 25,090
74,425 79,065
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,750 14,250
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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9. Directors Advances, Credits and Guarantees
Included within creditors are the following loans from the directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mrs Kate Child (12,545 ) - (720 ) - (13,265 )
Mr Wayne Child (12,545 ) - (720 ) - (13,265 )
The above loan is unsecured, interest free and repayable on demand.
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