Acorah Software Products - Accounts Production 15.0.600 false true false 6 March 2023 31 July 2024 31 July 2024 14707904 Mr Kyle Cove Miss Sangrung Penver iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14707904 2023-03-05 14707904 2024-07-31 14707904 2023-03-06 2024-07-31 14707904 frs-core:CurrentFinancialInstruments 2024-07-31 14707904 frs-core:Non-currentFinancialInstruments 2024-07-31 14707904 frs-core:BetweenOneFiveYears 2024-07-31 14707904 frs-core:ComputerEquipment 2024-07-31 14707904 frs-core:ComputerEquipment 2023-03-06 2024-07-31 14707904 frs-core:ComputerEquipment 2023-03-05 14707904 frs-core:FurnitureFittings 2024-07-31 14707904 frs-core:FurnitureFittings 2023-03-06 2024-07-31 14707904 frs-core:FurnitureFittings 2023-03-05 14707904 frs-core:NetGoodwill 2024-07-31 14707904 frs-core:NetGoodwill 2023-03-06 2024-07-31 14707904 frs-core:NetGoodwill 2023-03-05 14707904 frs-core:MotorVehicles 2024-07-31 14707904 frs-core:MotorVehicles 2023-03-06 2024-07-31 14707904 frs-core:MotorVehicles 2023-03-05 14707904 frs-core:PlantMachinery 2024-07-31 14707904 frs-core:PlantMachinery 2023-03-06 2024-07-31 14707904 frs-core:PlantMachinery 2023-03-05 14707904 frs-core:WithinOneYear 2024-07-31 14707904 frs-core:ShareCapital 2024-07-31 14707904 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 14707904 frs-bus:PrivateLimitedCompanyLtd 2023-03-06 2024-07-31 14707904 frs-bus:FilletedAccounts 2023-03-06 2024-07-31 14707904 frs-bus:SmallEntities 2023-03-06 2024-07-31 14707904 frs-bus:AuditExempt-NoAccountantsReport 2023-03-06 2024-07-31 14707904 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-06 2024-07-31 14707904 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-07-31 14707904 frs-core:CostValuation 2023-03-05 14707904 frs-core:AdditionsToInvestments 2024-07-31 14707904 frs-core:FurtherSpecificIncreaseDecreaseInInvestments1ComponentTotalChangeInInvestments 2024-07-31 14707904 frs-core:CostValuation 2024-07-31 14707904 frs-core:ProvisionsForImpairmentInvestments 2023-03-05 14707904 frs-core:ProvisionsForImpairmentInvestments 2024-07-31 14707904 frs-bus:Director1 2023-03-06 2024-07-31 14707904 frs-bus:Director2 2023-03-06 2024-07-31 14707904 frs-countries:EnglandWales 2023-03-06 2024-07-31
Registered number: 14707904
Bua's Kitchen Ltd
Unaudited Financial Statements
For the Period 6 March 2023 to 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 14707904
31 July 2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 31,790
Tangible Assets 5 98,616
Investments 6 7,874
138,280
CURRENT ASSETS
Stocks 7 15,136
Debtors 8 8,349
Cash at bank and in hand 68,612
92,097
Creditors: Amounts Falling Due Within One Year 9 (44,856 )
NET CURRENT ASSETS (LIABILITIES) 47,241
TOTAL ASSETS LESS CURRENT LIABILITIES 185,521
Creditors: Amounts Falling Due After More Than One Year 10 (166,204 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,103 )
NET ASSETS 14,214
CAPITAL AND RESERVES
Called up share capital 12 110
Fair Value Reserve 13 664
Profit and Loss Account 13,440
SHAREHOLDERS' FUNDS 14,214
Page 1
Page 2
For the period ending 31 July 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
Mr Kyle Cove
Director
8 October 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
Bua's Kitchen Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14707904 . The registered office is 1 Gatewick Lane, Caldecotte, Milton Keynes, Buckinghamshire, MK7 8LU.
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:
Plant & Machinery 20% reducing balance
Motor Vehicles 15% reducing balance
Fixtures & Fittings 15% 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.
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.
Page 3
Page 4
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 period was: 2
2
4. Intangible Assets
Goodwill
£
Cost
As at 6 March 2023 -
Additions 34,000
As at 31 July 2024 34,000
Amortisation
As at 6 March 2023 -
Provided during the period 2,210
As at 31 July 2024 2,210
Net Book Value
As at 31 July 2024 31,790
As at 6 March 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 6 March 2023 - - - - -
Additions 7,310 22,364 86,000 983 116,657
As at 31 July 2024 7,310 22,364 86,000 983 116,657
...CONTINUED
Page 4
Page 5
Depreciation
As at 6 March 2023 - - - - -
Provided during the period 1,462 3,355 12,900 324 18,041
As at 31 July 2024 1,462 3,355 12,900 324 18,041
Net Book Value
As at 31 July 2024 5,848 19,009 73,100 659 98,616
As at 6 March 2023 - - - - -
6. Investments
Other
£
Cost
As at 6 March 2023 -
Additions 7,210
Fair value adjustments 664
As at 31 July 2024 7,874
Provision
As at 6 March 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 7,874
As at 6 March 2023 -
7. Stocks
31 July 2024
£
Stock 15,136
8. Debtors
31 July 2024
£
Due within one year
Trade debtors 1,776
Amounts owed by participating interests 1,033
Other debtors 5,540
8,349
9. Creditors: Amounts Falling Due Within One Year
31 July 2024
£
Net obligations under finance lease and hire purchase contracts 3,127
Trade creditors 10,573
Other creditors 4,134
Taxation and social security 27,022
44,856
Page 5
Page 6
10. Creditors: Amounts Falling Due After More Than One Year
31 July 2024
£
Net obligations under finance lease and hire purchase contracts 16,193
Other loans 150,011
166,204
11. Obligations Under Finance Leases and Hire Purchase
31 July 2024
£
The future minimum finance lease payments are as follows:
Not later than one year 5,503
Later than one year and not later than five years 20,637
26,140
Less: Finance charges allocated to future periods 6,820
19,320
12. Share Capital
31 July 2024
£
Allotted, Called up and fully paid 110
13. Reserves
Fair Value Reserve
£
Movements in fair value reserve 664
As at 31 July 2024 664
14. Operational lease
The company has entered into a fifteen year premises lease until the end of July 2038, with a break clause every five years. The gross rent payable per month is £3,300.
Page 6