Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11145896 Mr Michael Caswell Mr Thomas Hartocollis Mr Jamie Robertson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11145896 2022-12-31 11145896 2023-12-31 11145896 2023-01-01 2023-12-31 11145896 frs-core:CurrentFinancialInstruments 2023-12-31 11145896 frs-core:Non-currentFinancialInstruments 2023-12-31 11145896 frs-core:BetweenOneFiveYears 2023-12-31 11145896 frs-core:ComputerEquipment 2023-12-31 11145896 frs-core:ComputerEquipment 2023-01-01 2023-12-31 11145896 frs-core:ComputerEquipment 2022-12-31 11145896 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 11145896 frs-core:FurnitureFittings 2023-12-31 11145896 frs-core:FurnitureFittings 2023-01-01 2023-12-31 11145896 frs-core:FurnitureFittings 2022-12-31 11145896 frs-core:NetGoodwill 2023-12-31 11145896 frs-core:NetGoodwill 2023-01-01 2023-12-31 11145896 frs-core:NetGoodwill 2022-12-31 11145896 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 11145896 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 11145896 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 11145896 frs-core:OtherResidualIntangibleAssets 2023-12-31 11145896 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 11145896 frs-core:OtherResidualIntangibleAssets 2022-12-31 11145896 frs-core:PlantMachinery 2023-12-31 11145896 frs-core:PlantMachinery 2023-01-01 2023-12-31 11145896 frs-core:PlantMachinery 2022-12-31 11145896 frs-core:WithinOneYear 2023-12-31 11145896 frs-core:SharePremium 2023-12-31 11145896 frs-core:ShareCapital 2023-12-31 11145896 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11145896 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11145896 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11145896 frs-bus:SmallEntities 2023-01-01 2023-12-31 11145896 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11145896 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11145896 frs-bus:Director1 2023-01-01 2023-12-31 11145896 frs-bus:Director2 2023-01-01 2023-12-31 11145896 frs-bus:Director3 2023-01-01 2023-12-31 11145896 frs-countries:EnglandWales 2023-01-01 2023-12-31 11145896 2021-12-31 11145896 2022-12-31 11145896 2022-01-01 2022-12-31 11145896 frs-core:CurrentFinancialInstruments 2022-12-31 11145896 frs-core:Non-currentFinancialInstruments 2022-12-31 11145896 frs-core:BetweenOneFiveYears 2022-12-31 11145896 frs-core:WithinOneYear 2022-12-31 11145896 frs-core:SharePremium 2022-12-31 11145896 frs-core:ShareCapital 2022-12-31 11145896 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11145896
Roasting Plant (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
JML Business Services Limited
25 Church Street
Godalming
Surrey
GU7 1EL
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11145896
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,706,406 12,992
Tangible Assets 5 2,702,526 709,903
4,408,932 722,895
CURRENT ASSETS
Stocks 6 58,003 23,493
Debtors 7 250,003 108,932
Cash at bank and in hand 57,129 2,686
365,135 135,111
Creditors: Amounts Falling Due Within One Year 8 (1,893,373 ) (739,587 )
NET CURRENT ASSETS (LIABILITIES) (1,528,238 ) (604,476 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,880,694 118,419
Creditors: Amounts Falling Due After More Than One Year 9 (2,585,591 ) (1,186,737 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (118,929 ) (108,583 )
NET ASSETS/(LIABILITIES) 176,174 (1,176,901 )
CAPITAL AND RESERVES
Called up share capital 11 100 100
Share premium account 1,757,954 -
Profit and Loss Account (1,581,880 ) (1,177,001 )
SHAREHOLDERS' FUNDS 176,174 (1,176,901)
Page 1
Page 2
For the year ending 31 December 2023 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 Jamie Robertson
Director
19/09/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Roasting Plant (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11145896 . The registered office is 15 Rocombe Close,, Torquay, TQ2 8QF.
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
At 31 December 2023 the company had net liabilities. The company's directors, shareholders and parent company have indicated they will continue to support the company for the foreseeable future, therefore the accounts are prepared on a going concern basis.
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.
2.4. 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.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets includes the Roasting Plant website. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.6. 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:
Leasehold Staight line over the life of the lease
Plant & Machinery Staight line over 15 years
Fixtures & Fittings Staight line over 10 years
Computer Equipment Staight line over 5 years
2.7. 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.
2.8. 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.
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2.9. 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: 27 (2022: 23)
27 23
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 January 2023 - 19,223 19,223
Additions 1,755,784 - 1,755,784
As at 31 December 2023 1,755,784 19,223 1,775,007
Amortisation
As at 1 January 2023 - 6,231 6,231
Provided during the period 58,526 3,844 62,370
As at 31 December 2023 58,526 10,075 68,601
Net Book Value
As at 31 December 2023 1,697,258 9,148 1,706,406
As at 1 January 2023 - 12,992 12,992
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 33,668 417,685 781,670 61,439 1,294,462
Additions 1,916,111 184,740 2,470 9,079 2,112,400
As at 31 December 2023 1,949,779 602,425 784,140 70,518 3,406,862
Depreciation
As at 1 January 2023 16,341 171,810 358,459 37,949 584,559
Provided during the period 12,512 26,881 67,547 12,837 119,777
As at 31 December 2023 28,853 198,691 426,006 50,786 704,336
Net Book Value
As at 31 December 2023 1,920,926 403,734 358,134 19,732 2,702,526
As at 1 January 2023 17,327 245,875 423,211 23,490 709,903
6. Stocks
2023 2022
£ £
Consumables stock 58,003 23,493
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 132,887 24,163
Other debtors 44,914 55,067
177,801 79,230
Due after more than one year
Other debtors 72,202 29,702
72,202 29,702
250,003 108,932
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 14,648 60,247
Trade creditors 651,777 261,042
Bank loans and overdrafts 34,909 58,832
Other creditors 1,149,448 309,687
Taxation and social security 42,591 49,779
1,893,373 739,587
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9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 11,677
Bank loans 90,163 125,060
Amounts owed to group undertakings 600,000 600,000
Other creditors 1,895,428 450,000
2,585,591 1,186,737
HSBC have a fixed and floating legal charge over all assets of the company.
The Loan notes of £450,000 are a long term unsecured commitment from the loan note investors whereby the company only pays interest at their discretion.
10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 14,648 60,247
Later than one year and not later than five years - 11,677
14,648 71,924
14,648 71,924
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 140,000 140,000
Later than one year and not later than five years 240,000 380,000
380,000 520,000
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