Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 06163893 Mrs Virginia Mary Rose Boscawen Mr Daniel Robert John Bly Mrs Lucia Wilma Bly Mr The Honourable Nicholas John Boscawen Mr Peter John Miller Scott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06163893 2022-12-31 06163893 2023-12-31 06163893 2023-01-01 2023-12-31 06163893 frs-core:CurrentFinancialInstruments 2023-12-31 06163893 frs-core:Non-currentFinancialInstruments 2023-12-31 06163893 frs-core:BetweenOneFiveYears 2023-12-31 06163893 frs-core:ComputerEquipment 2023-12-31 06163893 frs-core:ComputerEquipment 2023-01-01 2023-12-31 06163893 frs-core:ComputerEquipment 2022-12-31 06163893 frs-core:FurnitureFittings 2023-12-31 06163893 frs-core:FurnitureFittings 2023-01-01 2023-12-31 06163893 frs-core:FurnitureFittings 2022-12-31 06163893 frs-core:NetGoodwill 2023-12-31 06163893 frs-core:NetGoodwill 2023-01-01 2023-12-31 06163893 frs-core:NetGoodwill 2022-12-31 06163893 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 06163893 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 06163893 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 06163893 frs-core:MotorVehicles 2023-12-31 06163893 frs-core:MotorVehicles 2023-01-01 2023-12-31 06163893 frs-core:MotorVehicles 2022-12-31 06163893 frs-core:PlantMachinery 2023-12-31 06163893 frs-core:PlantMachinery 2023-01-01 2023-12-31 06163893 frs-core:PlantMachinery 2022-12-31 06163893 frs-core:WithinOneYear 2023-12-31 06163893 frs-core:ShareCapital 2023-12-31 06163893 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06163893 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06163893 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06163893 frs-bus:SmallEntities 2023-01-01 2023-12-31 06163893 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06163893 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06163893 frs-bus:Director1 2023-01-01 2023-12-31 06163893 frs-bus:Director2 2023-01-01 2023-12-31 06163893 frs-bus:Director3 2023-01-01 2023-12-31 06163893 frs-bus:Director4 2023-01-01 2023-12-31 06163893 frs-bus:Director5 2023-01-01 2023-12-31 06163893 frs-countries:EnglandWales 2023-01-01 2023-12-31 06163893 2021-12-31 06163893 2022-12-31 06163893 2022-01-01 2022-12-31 06163893 frs-core:CurrentFinancialInstruments 2022-12-31 06163893 frs-core:Non-currentFinancialInstruments 2022-12-31 06163893 frs-core:BetweenOneFiveYears 2022-12-31 06163893 frs-core:WithinOneYear 2022-12-31 06163893 frs-core:ShareCapital 2022-12-31 06163893 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 06163893
Salcombe Dairy (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06163893
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 1,569
Tangible Assets 5 289,439 369,925
289,439 371,494
CURRENT ASSETS
Stocks 6 377,666 306,395
Debtors 7 298,987 233,583
Cash at bank and in hand 38,376 29,566
715,029 569,544
Creditors: Amounts Falling Due Within One Year 8 (613,482 ) (595,769 )
NET CURRENT ASSETS (LIABILITIES) 101,547 (26,225 )
TOTAL ASSETS LESS CURRENT LIABILITIES 390,986 345,269
Creditors: Amounts Falling Due After More Than One Year 9 (377,421 ) (332,744 )
NET ASSETS 13,565 12,525
CAPITAL AND RESERVES
Called up share capital 11 2,235 2,235
Profit and Loss Account 11,330 10,290
SHAREHOLDERS' FUNDS 13,565 12,525
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 Daniel Robert John Bly
Director
25th September 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
Salcombe Dairy (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06163893 . The registered office is Salcombe Dairy, Shadycombe Road, Salcombe, Devon, TQ8 8DX.
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.
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.
2.3. 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 .... 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:
Leasehold 33.33% Straight line
Plant & Machinery 25% Straight line
Motor Vehicles 25% Straight line
Fixtures & Fittings 15% Straight line
Computer Equipment 15% Straight line
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.
2.6. 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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2.7. 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.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
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: 55 (2022: 48)
55 48
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 139,653
As at 31 December 2023 139,653
Amortisation
As at 1 January 2023 138,084
Provided during the period 1,569
As at 31 December 2023 139,653
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 1,569
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2023 39,979 430,467 175,725 415,937
Additions - 30,652 - 28,229
As at 31 December 2023 39,979 461,119 175,725 444,166
Depreciation
As at 1 January 2023 22,475 229,944 91,130 349,812
Provided during the period 13,325 62,922 32,847 30,077
As at 31 December 2023 35,800 292,866 123,977 379,889
Net Book Value
As at 31 December 2023 4,179 168,253 51,748 64,277
As at 1 January 2023 17,504 200,523 84,595 66,125
Page 4
Page 5
Computer Equipment Total
£ £
Cost
As at 1 January 2023 1,309 1,063,417
Additions - 58,881
As at 31 December 2023 1,309 1,122,298
Depreciation
As at 1 January 2023 131 693,492
Provided during the period 196 139,367
As at 31 December 2023 327 832,859
Net Book Value
As at 31 December 2023 982 289,439
As at 1 January 2023 1,178 369,925
6. Stocks
2023 2022
£ £
Stock 377,666 306,395
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 274,410 199,917
Prepayments and accrued income 17,427 26,516
Other debtors 7,150 7,150
298,987 233,583
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 50,323 65,025
Trade creditors 186,404 166,826
Bank loans and overdrafts 256,040 208,378
Other loans 48,077 43,372
Other taxes and social security 14,819 22,382
VAT 54,022 79,552
Net wages - 453
Other creditors 2,376 5,121
Accruals and deferred income 1,421 4,660
613,482 595,769
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Page 6
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 25,755 76,078
Bank loans 66,666 116,666
Other loans 285,000 140,000
377,421 332,744
10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 50,323 65,025
Later than one year and not later than five years 25,755 76,078
76,078 141,103
76,078 141,103
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2,235 2,235
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