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 07976620 Mrs Nicola Whistle Mr David Whistle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07976620 2023-03-31 07976620 2024-03-31 07976620 2023-04-01 2024-03-31 07976620 frs-core:CurrentFinancialInstruments 2024-03-31 07976620 frs-core:Non-currentFinancialInstruments 2024-03-31 07976620 frs-core:BetweenOneFiveYears 2024-03-31 07976620 frs-core:NetGoodwill 2024-03-31 07976620 frs-core:NetGoodwill 2023-04-01 2024-03-31 07976620 frs-core:NetGoodwill 2023-03-31 07976620 frs-core:PlantMachinery 2024-03-31 07976620 frs-core:PlantMachinery 2023-04-01 2024-03-31 07976620 frs-core:PlantMachinery 2023-03-31 07976620 frs-core:WithinOneYear 2024-03-31 07976620 frs-core:ShareCapital 2024-03-31 07976620 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07976620 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07976620 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07976620 frs-bus:SmallEntities 2023-04-01 2024-03-31 07976620 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07976620 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07976620 frs-bus:Director1 2023-04-01 2024-03-31 07976620 frs-bus:Director1 2023-03-31 07976620 frs-bus:Director1 2024-03-31 07976620 frs-bus:Director2 2023-04-01 2024-03-31 07976620 frs-bus:Director2 2023-03-31 07976620 frs-bus:Director2 2024-03-31 07976620 frs-countries:EnglandWales 2023-04-01 2024-03-31 07976620 2022-03-31 07976620 2023-03-31 07976620 2022-04-01 2023-03-31 07976620 frs-core:CurrentFinancialInstruments 2023-03-31 07976620 frs-core:Non-currentFinancialInstruments 2023-03-31 07976620 frs-core:BetweenOneFiveYears 2023-03-31 07976620 frs-core:WithinOneYear 2023-03-31 07976620 frs-core:ShareCapital 2023-03-31 07976620 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07976620
The Secret Restaurant Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 07976620
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 18,701 3,242
18,701 3,242
CURRENT ASSETS
Stocks 6 4,500 3,000
Debtors 7 46,233 55,391
Cash at bank and in hand 10,078 450
60,811 58,841
Creditors: Amounts Falling Due Within One Year 8 (59,737 ) (53,064 )
NET CURRENT ASSETS (LIABILITIES) 1,074 5,777
TOTAL ASSETS LESS CURRENT LIABILITIES 19,775 9,019
Creditors: Amounts Falling Due After More Than One Year 9 (13,393 ) (7,938 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 12 (3,553 ) (616 )
NET ASSETS 2,829 465
CAPITAL AND RESERVES
Called up share capital 13 100 100
Profit and Loss Account 2,729 365
SHAREHOLDERS' FUNDS 2,829 465
Page 1
Page 2
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
Mr David Whistle
Director
17/09/2024
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
The Secret Restaurant Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07976620 . The registered office is 100 Church Street, Brighton, East Sussex, BN1 1UJ.
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 10 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:
Plant & Machinery 10% on 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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. 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 year 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 asset reflects 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: 11 (2023: 18)
11 18
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 20,000
As at 31 March 2024 20,000
Amortisation
As at 1 April 2023 20,000
As at 31 March 2024 20,000
...CONTINUED
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Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 19,517
Additions 17,690
Disposals (12,584 )
As at 31 March 2024 24,623
Depreciation
As at 1 April 2023 16,275
Provided during the period 2,231
Disposals (12,584 )
As at 31 March 2024 5,922
Net Book Value
As at 31 March 2024 18,701
As at 1 April 2023 3,242
6. Stocks
2024 2023
£ £
Finished goods 4,500 3,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 34,533 41,745
Other debtors 11,700 13,646
46,233 55,391
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,617 -
Bank loans and overdrafts 3,000 6,234
Other creditors 19,777 13,123
Taxation and social security 31,343 33,707
59,737 53,064
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,425 -
Bank loans 4,968 7,938
13,393 7,938
10. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured against the assets of the company.
2024 2023
£ £
Bank loans and overdrafts 7,968 10,819
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,617 -
Later than one year and not later than five years 8,425 -
14,042 -
14,042 -
12. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 3,553 616
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13. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
14. Pension Commitments
The company operates a defined contribution pension scheme. 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 £409 (2023 - £1,035) were due to the fund. They are included in Other Creditors.
15. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mrs Nicola Whistle 4,848 275 849 - 4,274
Mr David Whistle 4,849 275 850 - 4,274
The above loan is unsecured, interest free and repayable on demand.
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