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 08748103 Mrs Lisa Griffin Mr Ian Hartley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08748103 2023-01-31 08748103 2024-01-31 08748103 2023-02-01 2024-01-31 08748103 frs-core:CurrentFinancialInstruments 2024-01-31 08748103 frs-core:Non-currentFinancialInstruments 2024-01-31 08748103 frs-core:ComputerEquipment 2024-01-31 08748103 frs-core:ComputerEquipment 2023-02-01 2024-01-31 08748103 frs-core:ComputerEquipment 2023-01-31 08748103 frs-core:FurnitureFittings 2024-01-31 08748103 frs-core:FurnitureFittings 2023-02-01 2024-01-31 08748103 frs-core:FurnitureFittings 2023-01-31 08748103 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 08748103 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 08748103 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 08748103 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-31 08748103 frs-core:ShareCapital 2024-01-31 08748103 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08748103 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08748103 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 08748103 frs-bus:SmallEntities 2023-02-01 2024-01-31 08748103 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08748103 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08748103 frs-bus:Director1 2023-02-01 2024-01-31 08748103 frs-bus:Director2 2023-02-01 2024-01-31 08748103 frs-countries:EnglandWales 2023-02-01 2024-01-31 08748103 2022-01-31 08748103 2023-01-31 08748103 2022-02-01 2023-01-31 08748103 frs-core:CurrentFinancialInstruments 2023-01-31 08748103 frs-core:Non-currentFinancialInstruments 2023-01-31 08748103 frs-core:ShareCapital 2023-01-31 08748103 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 08748103
l & i Pubs Co Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Tax Plus Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08748103
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 36,395 36,778
36,395 36,778
CURRENT ASSETS
Stocks 5 2,500 6,500
Debtors 6 - 6,518
Cash at bank and in hand 10,999 14,818
13,499 27,836
Creditors: Amounts Falling Due Within One Year 7 (31,902 ) (44,649 )
NET CURRENT ASSETS (LIABILITIES) (18,403 ) (16,813 )
TOTAL ASSETS LESS CURRENT LIABILITIES 17,992 19,965
Creditors: Amounts Falling Due After More Than One Year 8 (9,744 ) (17,691 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (938 ) (938 )
NET ASSETS 7,310 1,336
CAPITAL AND RESERVES
Called up share capital 9 30 30
Profit and Loss Account 7,280 1,306
SHAREHOLDERS' FUNDS 7,310 1,336
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 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
Mrs Lisa Griffin
Director
Mr Ian Hartley
Director
22/04/2024
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
l & i Pubs Co Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08748103 . The registered office is The Original Farmers Arms Towngate, Eccleston, Chorley, PR7 5QS.
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:
Freehold 0
Leasehold 0
Fixtures & Fittings 20% RB
Computer Equipment 20% RB
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
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.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 16)
10 16
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 31,840 15,754 - 47,594
Additions - - 625 625
As at 31 January 2024 31,840 15,754 625 48,219
Depreciation
As at 1 February 2023 - 10,816 - 10,816
Provided during the period - 987 21 1,008
As at 31 January 2024 - 11,803 21 11,824
Net Book Value
As at 31 January 2024 31,840 3,951 604 36,395
As at 1 February 2023 31,840 4,938 - 36,778
5. Stocks
2024 2023
£ £
Stock 2,500 6,500
6. Debtors
2024 2023
£ £
Due within one year
Other debtors - 6,518
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13,326 14,700
Bank loans and overdrafts 4,166 -
Other loans 250 8,000
Other creditors 7,714 6,290
Taxation and social security 6,446 15,659
31,902 44,649
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 9,744 17,691
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Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 30 30
Page 5