Acorah Software Products - Accounts Production 14.6.300 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 08840536 Mr S V Martens Mr N Redfern iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08840536 2023-01-31 08840536 2024-01-31 08840536 2023-02-01 2024-01-31 08840536 frs-core:CurrentFinancialInstruments 2024-01-31 08840536 frs-core:Non-currentFinancialInstruments 2024-01-31 08840536 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 08840536 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 08840536 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-31 08840536 frs-core:PlantMachinery 2024-01-31 08840536 frs-core:PlantMachinery 2023-02-01 2024-01-31 08840536 frs-core:PlantMachinery 2023-01-31 08840536 frs-core:ShareCapital 2024-01-31 08840536 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08840536 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08840536 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 08840536 frs-bus:SmallEntities 2023-02-01 2024-01-31 08840536 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08840536 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08840536 frs-bus:Director1 2023-02-01 2024-01-31 08840536 frs-bus:Director2 2023-02-01 2024-01-31 08840536 frs-core:CurrentFinancialInstruments 1 2024-01-31 08840536 frs-core:CurrentFinancialInstruments 2 2024-01-31 08840536 frs-countries:EnglandWales 2023-02-01 2024-01-31 08840536 2022-01-31 08840536 2023-01-31 08840536 2022-02-01 2023-01-31 08840536 frs-core:CurrentFinancialInstruments 2023-01-31 08840536 frs-core:Non-currentFinancialInstruments 2023-01-31 08840536 frs-core:ShareCapital 2023-01-31 08840536 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 08840536 frs-core:CurrentFinancialInstruments 1 2023-01-31 08840536 frs-core:CurrentFinancialInstruments 2 2023-01-31
Registered number: 08840536
Bar 53 Ltd
Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08840536
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,141 24,638
17,141 24,638
CURRENT ASSETS
Stocks 5 4,000 1,500
Debtors 6 231,000 231,000
Cash at bank and in hand 103,699 78,272
338,699 310,772
Creditors: Amounts Falling Due Within One Year 7 (64,519 ) (73,115 )
NET CURRENT ASSETS (LIABILITIES) 274,180 237,657
TOTAL ASSETS LESS CURRENT LIABILITIES 291,321 262,295
Creditors: Amounts Falling Due After More Than One Year 8 (13,333 ) (23,333 )
NET ASSETS 277,988 238,962
CAPITAL AND RESERVES
Called up share capital 9 4 4
Profit and Loss Account 277,984 238,958
SHAREHOLDERS' FUNDS 277,988 238,962
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
Mr S V Martens
Director
28 October 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
Bar 53 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08840536 . The registered office is 8 Axis Court Mallard Way, Riverside Business Park, Swansea, SA7 0AJ.
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:
Leasehold 10% Straight line
Plant & Machinery 20% Reducing balance
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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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 February 2023 42,825 45,217 88,042
As at 31 January 2024 42,825 45,217 88,042
Depreciation
As at 1 February 2023 34,260 29,144 63,404
Provided during the period 4,282 3,215 7,497
As at 31 January 2024 38,542 32,359 70,901
Net Book Value
As at 31 January 2024 4,283 12,858 17,141
As at 1 February 2023 8,565 16,073 24,638
5. Stocks
2024 2023
£ £
Stock 4,000 1,500
6. Debtors
2024 2023
£ £
Due within one year
30 Uplands Crescen Ltd 178,500 178,500
Gyms9 Ltd 52,500 52,500
231,000 231,000
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,268 -
Bank loans and overdrafts 10,000 10,000
Corporation tax 21,877 25,400
Other taxes and social security 4,415 1,708
VAT 22,236 20,971
Accruals and deferred income 3,584 3,584
Directors' loan accounts 139 11,452
64,519 73,115
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,333 23,333
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
Page 5