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 13280501 Mr C Byrne Mr P Bottomer Mr P Bottomer and Mr C Byrne true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13280501 2022-12-31 13280501 2023-12-31 13280501 2023-01-01 2023-12-31 13280501 frs-core:CurrentFinancialInstruments 2023-12-31 13280501 frs-core:ComputerEquipment 2023-12-31 13280501 frs-core:ComputerEquipment 2023-01-01 2023-12-31 13280501 frs-core:ComputerEquipment 2022-12-31 13280501 frs-core:PlantMachinery 2023-12-31 13280501 frs-core:PlantMachinery 2023-01-01 2023-12-31 13280501 frs-core:PlantMachinery 2022-12-31 13280501 frs-core:ShareCapital 2023-12-31 13280501 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13280501 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13280501 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13280501 frs-bus:SmallEntities 2023-01-01 2023-12-31 13280501 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13280501 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13280501 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 13280501 frs-bus:OrdinaryShareClass1 2023-12-31 13280501 1 2023-01-01 2023-12-31 13280501 frs-core:DeferredTaxation 2023-01-01 2023-12-31 13280501 frs-core:DeferredTaxation 2022-12-31 13280501 frs-core:DeferredTaxation 2023-12-31 13280501 frs-bus:Director1 2023-01-01 2023-12-31 13280501 frs-bus:Director2 2023-01-01 2023-12-31 13280501 frs-core:CurrentFinancialInstruments 1 2023-12-31 13280501 frs-countries:EnglandWales 2023-01-01 2023-12-31 13280501 2021-12-31 13280501 2022-12-31 13280501 2022-01-01 2022-12-31 13280501 frs-core:CurrentFinancialInstruments 2022-12-31 13280501 frs-core:ShareCapital 2022-12-31 13280501 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 13280501 frs-bus:OrdinaryShareClass1 2022-01-01 2022-12-31 13280501 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 13280501
Foregate Street Vintage Emporium Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Richards Associates Limited
North Lodge
Hawkesyard
Rugeley
Staffordshire
WS15 1PS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13280501
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,808 3,932
6,808 3,932
CURRENT ASSETS
Debtors 5 14,423 10,820
Cash at bank and in hand 9,429 20,093
23,852 30,913
Creditors: Amounts Falling Due Within One Year 6 (16,262 ) (24,674 )
NET CURRENT ASSETS (LIABILITIES) 7,590 6,239
TOTAL ASSETS LESS CURRENT LIABILITIES 14,398 10,171
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,293 ) (747 )
NET ASSETS 13,105 9,424
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 13,103 9,422
SHAREHOLDERS' FUNDS 13,105 9,424
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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 P Bottomer
Director
5 September 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Foregate Street Vintage Emporium Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13280501 . The registered office is Foregate Street Vintage Emporium, Foregate Street, Stafford, ST16 2PR.
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 the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
The directors continue to adopt the going concern basis of accounting in preparing financial statements.
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. 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. 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 cost
Computer Equipment 33% on cost
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. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.
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 years 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 assets reflect 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: 2 (2022: NIL)
2 -
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 4,119 220 4,339
Additions 4,620 - 4,620
As at 31 December 2023 8,739 220 8,959
Depreciation
As at 1 January 2023 371 36 407
Provided during the period 1,671 73 1,744
As at 31 December 2023 2,042 109 2,151
...CONTINUED
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Net Book Value
As at 31 December 2023 6,697 111 6,808
As at 1 January 2023 3,748 184 3,932
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 13,815 6,386
Traders control account 608 852
Directors' loan accounts - 3,582
14,423 10,820
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 3,299 2,329
Other creditors 473 14,402
Accruals and deferred income 11,865 7,943
Directors' loan accounts 625 -
16,262 24,674
7. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 January 2023 747 747
Additions 546 546
Balance at 31 December 2023 1,293 1,293
8. Share Capital
2023 2022
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.00 each 2 2
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9. Related Party Transactions
 The Loft Vintage & Antiques Ltd
A company in which Mr Bottomer and Mr Byrne are also a director.
At the balance sheet date there is an oustanding loan payable from The Loft Vintage & Antiques Ltd of £13,813.
This loan is interest free and repayable upon demand. 
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr P Bottomer and Mr C Byrne by virtue of their ownership of 100% of the issued share capital in the company.
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