Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 08241164 Mr Andreas Nicolaou iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08241164 2023-01-31 08241164 2024-01-31 08241164 2023-02-01 2024-01-31 08241164 frs-core:CurrentFinancialInstruments 2024-01-31 08241164 frs-core:FurnitureFittings 2024-01-31 08241164 frs-core:FurnitureFittings 2023-02-01 2024-01-31 08241164 frs-core:FurnitureFittings 2023-01-31 08241164 frs-core:NetGoodwill 2024-01-31 08241164 frs-core:NetGoodwill 2023-02-01 2024-01-31 08241164 frs-core:NetGoodwill 2023-01-31 08241164 frs-core:PlantMachinery 2024-01-31 08241164 frs-core:PlantMachinery 2023-02-01 2024-01-31 08241164 frs-core:PlantMachinery 2023-01-31 08241164 frs-core:ShareCapital 2024-01-31 08241164 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08241164 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08241164 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 08241164 frs-bus:SmallEntities 2023-02-01 2024-01-31 08241164 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08241164 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08241164 frs-bus:Director1 2023-02-01 2024-01-31 08241164 frs-bus:Director1 2023-01-31 08241164 frs-bus:Director1 2024-01-31 08241164 frs-countries:EnglandWales 2023-02-01 2024-01-31 08241164 2022-01-31 08241164 2023-01-31 08241164 2022-02-01 2023-01-31 08241164 frs-core:CurrentFinancialInstruments 2023-01-31 08241164 frs-core:ShareCapital 2023-01-31 08241164 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 08241164
Busy Bee Takeaway Limited
Financial Statements
For The Year Ended 31 January 2024
Charles & Co.
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08241164
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 9,332
Tangible Assets 5 3,904 3,595
3,904 12,927
CURRENT ASSETS
Stocks 6 3,990 3,667
Debtors 7 585 14,959
Cash at bank and in hand 32,257 47,251
36,832 65,877
Creditors: Amounts Falling Due Within One Year 8 (38,969 ) (77,166 )
NET CURRENT ASSETS (LIABILITIES) (2,137 ) (11,289 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,767 1,638
NET ASSETS 1,767 1,638
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 1,766 1,637
SHAREHOLDERS' FUNDS 1,767 1,638
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Andreas Nicolaou
Director
31/03/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Busy Bee Takeaway Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08241164 . The registered office is Unit K2, Food Court, Pyramid Centre, Grange Road, Birkenhead, CH41 2RA.
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.

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 15% on reducing balance
Fixtures & Fittings 15% on 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.
2.6. 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.
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2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 93,320
As at 31 January 2024 93,320
Amortisation
As at 1 February 2023 83,988
Provided during the period 9,332
As at 31 January 2024 93,320
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 9,332
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 February 2023 20,288 3,183 23,471
Additions 999 - 999
As at 31 January 2024 21,287 3,183 24,470
Depreciation
As at 1 February 2023 17,524 2,352 19,876
Provided during the period 565 125 690
As at 31 January 2024 18,089 2,477 20,566
Net Book Value
As at 31 January 2024 3,198 706 3,904
As at 1 February 2023 2,764 831 3,595
6. Stocks
2024 2023
£ £
Materials 3,990 3,667
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Page 5
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 585 798
Director's loan account - 14,161
585 14,959
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,944 25,279
Corporation tax 5,227 4,293
Other taxes and social security 353 448
VAT 8,668 8,518
Other creditors 244 27
Accruals and deferred income 21,630 38,601
Director's loan account 903 -
38,969 77,166
9. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances.
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Andreas Nicolaou 14,161 - 14,161 - -
The above loan is unsecured, interest free and repayable on demand.
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