Acorah Software Products - Accounts Production 16.0.110 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 11780726 Mr Alan Price iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11780726 2023-01-31 11780726 2024-01-31 11780726 2023-02-01 2024-01-31 11780726 frs-core:CurrentFinancialInstruments 2024-01-31 11780726 frs-core:Non-currentFinancialInstruments 2024-01-31 11780726 frs-core:BetweenOneFiveYears 2024-01-31 11780726 frs-core:FurnitureFittings 2024-01-31 11780726 frs-core:FurnitureFittings 2023-02-01 2024-01-31 11780726 frs-core:FurnitureFittings 2023-01-31 11780726 frs-core:MotorVehicles 2024-01-31 11780726 frs-core:MotorVehicles 2023-02-01 2024-01-31 11780726 frs-core:MotorVehicles 2023-01-31 11780726 frs-core:PlantMachinery 2024-01-31 11780726 frs-core:PlantMachinery 2023-02-01 2024-01-31 11780726 frs-core:PlantMachinery 2023-01-31 11780726 frs-core:WithinOneYear 2024-01-31 11780726 frs-core:ShareCapital 2024-01-31 11780726 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11780726 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11780726 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11780726 frs-bus:SmallEntities 2023-02-01 2024-01-31 11780726 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11780726 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11780726 frs-bus:Director1 2023-02-01 2024-01-31 11780726 frs-countries:EnglandWales 2023-02-01 2024-01-31 11780726 2022-01-31 11780726 2023-01-31 11780726 2022-02-01 2023-01-31 11780726 frs-core:CurrentFinancialInstruments 2023-01-31 11780726 frs-core:Non-currentFinancialInstruments 2023-01-31 11780726 frs-core:BetweenOneFiveYears 2023-01-31 11780726 frs-core:WithinOneYear 2023-01-31 11780726 frs-core:ShareCapital 2023-01-31 11780726 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 11780726
The Finest Fudge Co Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11780726
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 33,100 10,410
33,100 10,410
CURRENT ASSETS
Stocks 5 900 800
Debtors 6 - 1,480
Cash at bank and in hand 8,437 14,227
9,337 16,507
Creditors: Amounts Falling Due Within One Year 7 (243,600 ) (161,807 )
NET CURRENT ASSETS (LIABILITIES) (234,263 ) (145,300 )
TOTAL ASSETS LESS CURRENT LIABILITIES (201,163 ) (134,890 )
Creditors: Amounts Falling Due After More Than One Year 8 (7,798 ) (7,719 )
NET LIABILITIES (208,961 ) (142,609 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (209,061 ) (142,709 )
SHAREHOLDERS' FUNDS (208,961) (142,609)
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Alan Price
Director
14/10/2024
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
The Finest Fudge Co Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11780726 . The registered office is 329 Preston Road , Grimsargh, Preston, PR2 5JT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historic cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Going Concern Disclosure
The financial statements are prepared on a going concern basis. Because of the excess of liabilities over assets at the accounting date, this basis is only valid if the Company continues to receive the support of its creditors and accordingly depends thereon for its continuing operational existence. The financial statements do not include any adjustments that might otherwise result.

2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% Straight Line
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Sales, marketing and distribution 4 4
4 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 February 2023 2,633 - 13,141 15,774
Additions 18,265 12,690 - 30,955
As at 31 January 2024 20,898 12,690 13,141 46,729
Depreciation
As at 1 February 2023 983 - 4,381 5,364
Provided during the period 2,995 2,640 2,630 8,265
As at 31 January 2024 3,978 2,640 7,011 13,629
Net Book Value
As at 31 January 2024 16,920 10,050 6,130 33,100
As at 1 February 2023 1,650 - 8,760 10,410
5. Stocks
2024 2023
£ £
Materials 900 800
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 1,100
Prepayments and accrued income - 380
- 1,480
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,507 -
Trade creditors 2,127 1,367
Bank loans and overdrafts 3,833 3,833
Other taxes and social security 365 -
VAT 922 2,984
Accruals and deferred income 1,493 1,600
Director's loan account 231,353 152,023
243,600 161,807
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,091 -
Bank loans 3,707 7,719
7,798 7,719
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,507 -
Later than one year and not later than five years 4,091 -
7,598 -
7,598 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year - 6,600
Later than one year and not later than five years - 20,400
- 27,000
Page 6