Acorah Software Products - Accounts Production 14.6.300 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 NI643586 Ms Tara Mullan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI643586 2023-02-28 NI643586 2024-02-29 NI643586 2023-03-01 2024-02-29 NI643586 frs-core:ComputerEquipment 2023-03-01 2024-02-29 NI643586 frs-core:FurnitureFittings 2023-03-01 2024-02-29 NI643586 frs-core:PlantMachinery 2023-03-01 2024-02-29 NI643586 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 NI643586 frs-bus:CompanyLimitedByGuarantee 2023-03-01 2024-02-29 NI643586 frs-bus:AbridgedAccounts 2023-03-01 2024-02-29 NI643586 frs-bus:SmallEntities 2023-03-01 2024-02-29 NI643586 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 NI643586 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 NI643586 frs-bus:Director1 2023-03-01 2024-02-29 NI643586 frs-countries:NorthernIreland 2023-03-01 2024-02-29 NI643586 2022-02-28 NI643586 2023-02-28 NI643586 2022-03-01 2023-02-28 NI643586 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: NI643586
Refuge Hot Chocolate Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 29 February 2024
NJM Accountancy Ltd
21 Thornleigh Gardens
Bangor
BT20 4NW
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: NI643586
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,324 13,285
14,324 13,285
CURRENT ASSETS
Stocks 12,443 14,025
Debtors 6,099 4,089
Cash at bank and in hand 12,254 11,130
30,796 29,244
Creditors: Amounts Falling Due Within One Year (7,189 ) (4,662 )
NET CURRENT ASSETS (LIABILITIES) 23,607 24,582
TOTAL ASSETS LESS CURRENT LIABILITIES 37,931 37,867
NET ASSETS 37,931 37,867
Income and Expenditure Account 37,931 37,867
MEMBERS' FUNDS 37,931 37,867
Page 1
Page 2
For the year ending 29 February 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 her 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 Income and Expenditure Account.
All of the company's members have consented to the preparation of an Abridged Income and Expenditure Account and an Abridged Balance Sheet for the year end 29 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Ms Tara Mullan
Director
10/06/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Refuge Hot Chocolate Ltd is a private company, limited by guarantee, incorporated in Northern Ireland, registered number NI643586 . The registered office is 5 Station Road, Belfast, Down, BT4 1RE.
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. 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 10% Straight Line
Fixtures & Fittings 33% Straight Line
Computer Equipment 33% Straight Line
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating surplus.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Total
£
Cost
As at 1 March 2023 20,036
Additions 7,519
As at 29 February 2024 27,555
Depreciation
As at 1 March 2023 6,751
Provided during the period 6,480
As at 29 February 2024 13,231
Net Book Value
As at 29 February 2024 14,324
As at 1 March 2023 13,285
5. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 4