Acorah Software Products - Accounts Production 14.6.300 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07121847 Mr Erhan Binbay iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07121847 2022-12-31 07121847 2023-12-31 07121847 2023-01-01 2023-12-31 07121847 frs-core:CurrentFinancialInstruments 2023-12-31 07121847 frs-core:Non-currentFinancialInstruments 2023-12-31 07121847 frs-core:BetweenOneFiveYears 2023-12-31 07121847 frs-core:FurnitureFittings 2023-12-31 07121847 frs-core:FurnitureFittings 2023-01-01 2023-12-31 07121847 frs-core:FurnitureFittings 2022-12-31 07121847 frs-core:MotorVehicles 2023-12-31 07121847 frs-core:MotorVehicles 2023-01-01 2023-12-31 07121847 frs-core:MotorVehicles 2022-12-31 07121847 frs-core:PlantMachinery 2023-12-31 07121847 frs-core:PlantMachinery 2023-01-01 2023-12-31 07121847 frs-core:PlantMachinery 2022-12-31 07121847 frs-core:WithinOneYear 2023-12-31 07121847 frs-core:ShareCapital 2023-12-31 07121847 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07121847 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07121847 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07121847 frs-bus:SmallEntities 2023-01-01 2023-12-31 07121847 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07121847 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07121847 frs-bus:Director1 2023-01-01 2023-12-31 07121847 frs-countries:EnglandWales 2023-01-01 2023-12-31 07121847 2021-12-31 07121847 2022-12-31 07121847 2022-01-01 2022-12-31 07121847 frs-core:CurrentFinancialInstruments 2022-12-31 07121847 frs-core:Non-currentFinancialInstruments 2022-12-31 07121847 frs-core:BetweenOneFiveYears 2022-12-31 07121847 frs-core:WithinOneYear 2022-12-31 07121847 frs-core:ShareCapital 2022-12-31 07121847 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07121847
E&B MEAT PRODUCTS LTD
Unaudited Financial Statements
For The Year Ended 31 December 2023
ELM Partners
Chartered Certified Accountants & Registered Auditors
Southgate Offie Village
286a Chase Road
Soutghate
London
N14 6HF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07121847
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 111,372 136,291
111,372 136,291
CURRENT ASSETS
Stocks 5 248,402 114,973
Debtors 6 1,571,724 1,537,389
Cash at bank and in hand 111,298 117,897
1,931,424 1,770,259
Creditors: Amounts Falling Due Within One Year 7 (1,199,205 ) (1,088,337 )
NET CURRENT ASSETS (LIABILITIES) 732,219 681,922
TOTAL ASSETS LESS CURRENT LIABILITIES 843,591 818,213
Creditors: Amounts Falling Due After More Than One Year 8 (21,594 ) (31,567 )
NET ASSETS 821,997 786,646
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 821,996 786,645
SHAREHOLDERS' FUNDS 821,997 786,646
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 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 Erhan Binbay
Director
23/09/2024
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
E&B MEAT PRODUCTS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 07121847 . The registered office is Southgate Office Village, 286a Chase Road, London, N14 6HF.
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.
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 20% on a reducing balance method
Motor Vehicles 20% on a reducing balance method
Fixtures & Fittings 20% on a reducing balance method
2.4. 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.
2.5. Taxation
Corporation 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: 39 (2022: 38)
39 38
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Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 354,603 79,695 16,472 450,770
Additions - - 2,923 2,923
As at 31 December 2023 354,603 79,695 19,395 453,693
Depreciation
As at 1 January 2023 273,045 33,837 7,597 314,479
Provided during the period 16,312 9,171 2,359 27,842
As at 31 December 2023 289,357 43,008 9,956 342,321
Net Book Value
As at 31 December 2023 65,246 36,687 9,439 111,372
As at 1 January 2023 81,558 45,858 8,875 136,291
5. Stocks
2023 2022
£ £
Stock 248,402 114,973
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,471,603 1,355,074
Prepayments and accrued income 45,950 31,317
Other debtors 8,000 14,500
VAT 46,171 136,498
1,571,724 1,537,389
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,069,964 982,060
Bank loans and overdrafts 9,973 9,727
Corporation tax 44,114 53,638
Other taxes and social security 48,491 19,826
Net wages 6,549 11,138
Accruals and deferred income 19,809 11,890
Director's loan account 305 58
1,199,205 1,088,337
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 21,594 31,567
Included in creditors is a bounce bank loan of £31,567. The government guarantees 100% of the bounce loan and there are no fees or interest for the first 12 months. After 12 months , the interest is capped at 2.5% per year and the total amount payable must be repaid by way of 60 consecutive monthly payments (consisting of capital and interest).
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases is £139,750.
2023 2022
£ £
Not later than one year 43,000 43,000
Later than one year and not later than five years 53,750 96,750
96,750 139,750
11. Related Party Transactions
Included in creditors amount falling due within one year is an amount of 305 (2022: £58) due to Mr Erchan Binbay, director of the company. The loan was interest free. 
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