Acorah Software Products - Accounts Production 15.0.600 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 12287649 Mr Arif Goksel Mr James Allen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12287649 2022-10-31 12287649 2023-10-31 12287649 2022-11-01 2023-10-31 12287649 frs-core:CurrentFinancialInstruments 2023-10-31 12287649 frs-core:Non-currentFinancialInstruments 2023-10-31 12287649 frs-core:FurnitureFittings 2023-10-31 12287649 frs-core:FurnitureFittings 2022-11-01 2023-10-31 12287649 frs-core:FurnitureFittings 2022-10-31 12287649 frs-core:MotorVehicles 2023-10-31 12287649 frs-core:MotorVehicles 2022-11-01 2023-10-31 12287649 frs-core:MotorVehicles 2022-10-31 12287649 frs-core:ShareCapital 2023-10-31 12287649 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12287649 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12287649 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 12287649 frs-bus:SmallEntities 2022-11-01 2023-10-31 12287649 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12287649 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12287649 frs-bus:Director1 2022-11-01 2023-10-31 12287649 frs-bus:Director2 2022-11-01 2023-10-31 12287649 frs-core:CurrentFinancialInstruments 1 2023-10-31 12287649 frs-core:Non-currentFinancialInstruments 1 2023-10-31 12287649 frs-countries:EnglandWales 2022-11-01 2023-10-31 12287649 2021-10-31 12287649 2022-10-31 12287649 2021-11-01 2022-10-31 12287649 frs-core:CurrentFinancialInstruments 2022-10-31 12287649 frs-core:Non-currentFinancialInstruments 2022-10-31 12287649 frs-core:ShareCapital 2022-10-31 12287649 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 12287649 frs-core:CurrentFinancialInstruments 1 2022-10-31 12287649 frs-core:Non-currentFinancialInstruments 1 2022-10-31
Registered number: 12287649
The Sushi Maki Newbury Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Adroit Accountax Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12287649
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,212 64,336
6,212 64,336
CURRENT ASSETS
Stocks 5 5,900 6,218
Debtors 6 113,463 110,050
Cash at bank and in hand 139,755 180,372
259,118 296,640
Creditors: Amounts Falling Due Within One Year 7 (78,784 ) (73,429 )
NET CURRENT ASSETS (LIABILITIES) 180,334 223,211
TOTAL ASSETS LESS CURRENT LIABILITIES 186,546 287,547
Creditors: Amounts Falling Due After More Than One Year 8 (15,352 ) (26,187 )
NET ASSETS 171,194 261,360
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 171,094 261,260
SHAREHOLDERS' FUNDS 171,194 261,360
Page 1
Page 2
For the year ending 31 October 2023 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 Arif Goksel
Director
28/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
The Sushi Maki Newbury Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12287649 . The registered office is Unit 8, Dock Offices, Surrey Quays Road, London, SE16 2XU.
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:
Motor Vehicles 20% on straight line method
Fixtures & Fittings 50% on straight line method
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: 13 (2022: 12)
13 12
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2022 61,835 11,142 72,977
Additions 4,750 - 4,750
Disposals (61,835 ) - (61,835 )
As at 31 October 2023 4,750 11,142 15,892
Depreciation
As at 1 November 2022 2,160 6,481 8,641
Provided during the period 1,273 2,486 3,759
Disposals (2,720 ) - (2,720 )
As at 31 October 2023 713 8,967 9,680
Net Book Value
As at 31 October 2023 4,037 2,175 6,212
As at 1 November 2022 59,675 4,661 64,336
5. Stocks
2023 2022
£ £
Stocks 5,900 6,218
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 2,466 7,732
Other debtors 1,950 1,500
Intercompany loans 106,568 100,818
Other taxes and social security 2,479 -
113,463 110,050
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 12,629 31,939
Bank loans and overdrafts 10,000 10,000
Corporation tax 685 3,495
Other taxes and social security - 13,659
VAT 17,768 4,975
Net wages 1,760 -
Pension Payables 3,421 3,339
Directors' loan accounts 32,521 6,022
78,784 73,429
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 14,998 25,833
Intercompany loan 354 354
15,352 26,187
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
At the balance sheet date outstanding balances of loans to related parties from Sushi Maki Newbery Ltd were:
Unique vehicles Ltd           £45,068  (2021: £0.00)
Mint Newbery Ltd              £48,000  (2021: £0.00)
Komsel Ltd                       £5,150   (2021: £0.00)
Celestial Investment Ltd   £2,600     (2021: £0.00)
At the balance sheet date there was a loan from Celestial Trading Limited totalling £354 (2021: £1,314).
All the above loans are interest free, repayable on demand.
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