Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 03733682 Mr Michael Lorenz Mrs Carol Goodson Mr James Lorenz iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03733682 2023-03-31 03733682 2024-03-31 03733682 2023-04-01 2024-03-31 03733682 frs-core:CurrentFinancialInstruments 2024-03-31 03733682 frs-core:FurnitureFittings 2024-03-31 03733682 frs-core:FurnitureFittings 2023-04-01 2024-03-31 03733682 frs-core:FurnitureFittings 2023-03-31 03733682 frs-core:NetGoodwill 2024-03-31 03733682 frs-core:NetGoodwill 2023-04-01 2024-03-31 03733682 frs-core:NetGoodwill 2023-03-31 03733682 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 03733682 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03733682 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 03733682 frs-core:MotorVehicles 2023-04-01 2024-03-31 03733682 frs-core:ShareCapital 2024-03-31 03733682 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03733682 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03733682 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03733682 frs-bus:SmallEntities 2023-04-01 2024-03-31 03733682 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03733682 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03733682 frs-bus:Director1 2023-04-01 2024-03-31 03733682 frs-bus:Director2 2023-04-01 2024-03-31 03733682 frs-bus:Director3 2023-04-01 2024-03-31 03733682 frs-countries:EnglandWales 2023-04-01 2024-03-31 03733682 2022-03-31 03733682 2023-03-31 03733682 2022-04-01 2023-03-31 03733682 frs-core:CurrentFinancialInstruments 2023-03-31 03733682 frs-core:ShareCapital 2023-03-31 03733682 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 03733682
Broadland Taverns Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Richard Day Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03733682
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 7,500
Tangible Assets 5 267,314 280,936
267,314 288,436
CURRENT ASSETS
Stocks 6 7,103 10,656
Debtors 7 3,829 2,646
Cash at bank and in hand 324,275 276,776
335,207 290,078
Creditors: Amounts Falling Due Within One Year 8 (85,585 ) (69,974 )
NET CURRENT ASSETS (LIABILITIES) 249,622 220,104
TOTAL ASSETS LESS CURRENT LIABILITIES 516,936 508,540
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,924 ) (12,613 )
NET ASSETS 506,012 495,927
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 505,912 495,827
SHAREHOLDERS' FUNDS 506,012 495,927
Page 1
Page 2
For the year ending 31 March 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 Michael Lorenz
Director
07/10/2024
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
Broadland Taverns Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03733682 . The registered office is The Cottage, 87 Yarmouth Road, Norwich, NR7 0HF.
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.

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 20 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:
Freehold 2% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balane
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.6. Taxation
The 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 year 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 asset reflects 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 (2023: 2)
2 2
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 150,000
As at 31 March 2024 150,000
Amortisation
As at 1 April 2023 142,500
Provided during the period 7,500
As at 31 March 2024 150,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 7,500
5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 381,307 151,972 533,279
As at 31 March 2024 381,307 151,972 533,279
Depreciation
As at 1 April 2023 162,983 89,360 252,343
Provided during the period 4,831 8,791 13,622
As at 31 March 2024 167,814 98,151 265,965
Net Book Value
As at 31 March 2024 213,493 53,821 267,314
As at 1 April 2023 218,324 62,612 280,936
6. Stocks
2024 2023
£ £
Finished goods 7,103 10,656
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,454 487
Prepayments and accrued income 2,375 2,159
3,829 2,646
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Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 36,449 27,899
Corporation tax 24,716 26,713
Other taxes and social security 7,345 -
VAT 10,145 7,697
Other creditors 1,178 1,742
Accruals and deferred income 5,462 4,492
Directors' loan accounts 290 1,431
85,585 69,974
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5