Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08461296 Mr N Ridden Mrs S Ridden Mr W Ridden Mr R Ridden iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08461296 2023-03-31 08461296 2024-03-31 08461296 2023-04-01 2024-03-31 08461296 frs-core:CurrentFinancialInstruments 2024-03-31 08461296 frs-core:BetweenOneFiveYears 2024-03-31 08461296 frs-core:ComputerEquipment 2024-03-31 08461296 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08461296 frs-core:ComputerEquipment 2023-03-31 08461296 frs-core:FurnitureFittings 2024-03-31 08461296 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08461296 frs-core:FurnitureFittings 2023-03-31 08461296 frs-core:WithinOneYear 2024-03-31 08461296 frs-core:ShareCapital 2024-03-31 08461296 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08461296 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08461296 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08461296 frs-bus:SmallEntities 2023-04-01 2024-03-31 08461296 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08461296 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08461296 frs-bus:Director1 2023-04-01 2024-03-31 08461296 frs-bus:Director2 2023-04-01 2024-03-31 08461296 frs-bus:Director3 2023-04-01 2024-03-31 08461296 frs-bus:Director4 2023-04-01 2024-03-31 08461296 frs-core:CurrentFinancialInstruments 1 2024-03-31 08461296 frs-countries:EnglandWales 2023-04-01 2024-03-31 08461296 2022-03-31 08461296 2023-03-31 08461296 2022-04-01 2023-03-31 08461296 frs-core:CurrentFinancialInstruments 2023-03-31 08461296 frs-core:BetweenOneFiveYears 2023-03-31 08461296 frs-core:WithinOneYear 2023-03-31 08461296 frs-core:ShareCapital 2023-03-31 08461296 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 08461296 frs-core:CurrentFinancialInstruments 1 2023-03-31
Registered number: 08461296
Mines a Pasty Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Mumby Heppenstall
Chartered Accountants
Wellingore Hall
Wellingore
Lincoln
LN5 0HX
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08461296
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,749 5,035
1,749 5,035
CURRENT ASSETS
Stocks 5 5,829 6,446
Debtors 6 4,279 4,118
Cash at bank and in hand 76,636 94,448
86,744 105,012
Creditors: Amounts Falling Due Within One Year 7 (26,706 ) (18,906 )
NET CURRENT ASSETS (LIABILITIES) 60,038 86,106
TOTAL ASSETS LESS CURRENT LIABILITIES 61,787 91,141
PROVISIONS FOR LIABILITIES
Deferred Taxation (332 ) (957 )
NET ASSETS 61,455 90,184
CAPITAL AND RESERVES
Called up share capital 8 5 5
Income Statement 61,450 90,179
SHAREHOLDERS' FUNDS 61,455 90,184
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 Income Statement.
On behalf of the board
Mr W Ridden
Director
25th 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
Mines a Pasty Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08461296 . The registered office is 1 Queen Mary Court, Falmouth, Cornwall, TR11 4SX.
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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

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.

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:
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.4. Stocks and Work in Progress
Stock is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stock. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
2.5. Financial Instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised a the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
2.6. 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 23,929 246 24,175
Additions - 51 51
As at 31 March 2024 23,929 297 24,226
Depreciation
As at 1 April 2023 19,078 62 19,140
Provided during the period 3,263 74 3,337
As at 31 March 2024 22,341 136 22,477
Net Book Value
As at 31 March 2024 1,588 161 1,749
As at 1 April 2023 4,851 184 5,035
5. Stocks
2024 2023
£ £
Finished goods 5,829 6,446
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,779 2,524
Rent deposit 1,500 1,500
Corporation tax recoverable - 94
4,279 4,118
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,840 3,084
Corporation tax 1,283 -
Other taxes and social security 2,979 3,035
VAT 2,808 709
Credit card 1,172 465
Other creditors - pensions 200 112
Accruals and deferred income 2,444 2,131
Directors' loan accounts 11,980 9,370
26,706 18,906
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Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5 5
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 22,420 22,320
Later than one year and not later than five years 53,160 75,580
75,580 97,900
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