Acorah Software Products - Accounts Production 15.0.600 false true true 31 October 2023 1 July 2022 false 1 November 2023 5 July 2024 5 July 2024 12075739 Mr Gary Tate Mr Andrew Tate Mrs Cathryn Tate iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12075739 2023-10-31 12075739 2024-07-05 12075739 2023-11-01 2024-07-05 12075739 frs-core:CurrentFinancialInstruments 2024-07-05 12075739 frs-core:PlantMachinery 2024-07-05 12075739 frs-core:PlantMachinery 2023-11-01 2024-07-05 12075739 frs-core:PlantMachinery 2023-10-31 12075739 frs-core:ShareCapital 2024-07-05 12075739 frs-core:RetainedEarningsAccumulatedLosses 2024-07-05 12075739 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-07-05 12075739 frs-bus:FilletedAccounts 2023-11-01 2024-07-05 12075739 frs-bus:SmallEntities 2023-11-01 2024-07-05 12075739 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-07-05 12075739 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-07-05 12075739 frs-bus:Director1 2023-11-01 2024-07-05 12075739 frs-bus:Director2 2023-11-01 2024-07-05 12075739 frs-bus:CompanySecretary1 2023-11-01 2024-07-05 12075739 frs-countries:EnglandWales 2023-11-01 2024-07-05 12075739 2022-06-30 12075739 2023-10-31 12075739 2022-07-01 2023-10-31 12075739 frs-core:CurrentFinancialInstruments 2023-10-31 12075739 frs-core:ShareCapital 2023-10-31 12075739 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 12075739
Gannets Takeaway Ltd
Unaudited Financial Statements
For the Period 1 November 2023 to 5 July 2024
Digi Accounts and Tax Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12075739
5 July 2024 31 October 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 6,601
- 6,601
CURRENT ASSETS
Stocks 5 - 2,631
Debtors 6 - 833
Cash at bank and in hand 8,550 4,520
8,550 7,984
Creditors: Amounts Falling Due Within One Year 7 (69,152 ) (31,104 )
NET CURRENT ASSETS (LIABILITIES) (60,602 ) (23,120 )
TOTAL ASSETS LESS CURRENT LIABILITIES (60,602 ) (16,519 )
NET LIABILITIES (60,602 ) (16,519 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (60,604 ) (16,521 )
SHAREHOLDERS' FUNDS (60,602) (16,519)
Page 1
Page 2
For the period ending 5 July 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 Andrew Tate
Director
11 September 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
Gannets Takeaway Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12075739 . The registered office is 177 Eastbank Street, Southport, PR8 6TH.
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. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, with the continued support of the directors the going concern basis remains appropriate.
2.3. 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.
2.4. 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 20% reducing balance
2.5. 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 period was: 8 (2023: 7)
8 7
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 November 2023 8,159
Disposals (8,159 )
...CONTINUED
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Page 4
Depreciation
As at 1 November 2023 1,558
Disposals (1,558 )
As at 5 July 2024 -
Net Book Value
As at 5 July 2024 -
As at 1 November 2023 6,601
5. Stocks
5 July 2024 31 October 2023
£ £
Stock - 2,631
6. Debtors
5 July 2024 31 October 2023
£ £
Due within one year
Prepayments and accrued income - 833
7. Creditors: Amounts Falling Due Within One Year
5 July 2024 31 October 2023
£ £
Trade creditors - 1,031
Accruals and deferred income 15,880 900
Directors' loan accounts 53,272 29,173
69,152 31,104
8. Share Capital
5 July 2024 31 October 2023
£ £
Allotted, Called up and fully paid 2 2
9. Related Party Transactions
The company trades from a premises onwed by Rimmers Music Limtied a company in which Mr Gary Tate is a shareholder and director.  Gannets Takeaway Ltd does not pay rent for the use of the property.
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