Acorah Software Products - Accounts Production 16.0.110 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 08608465 Mr Christian Hodgkinson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08608465 2023-07-31 08608465 2024-07-31 08608465 2023-08-01 2024-07-31 08608465 frs-core:CurrentFinancialInstruments 2024-07-31 08608465 frs-core:FurnitureFittings 2024-07-31 08608465 frs-core:FurnitureFittings 2023-08-01 2024-07-31 08608465 frs-core:FurnitureFittings 2023-07-31 08608465 frs-core:NetGoodwill 2024-07-31 08608465 frs-core:NetGoodwill 2023-08-01 2024-07-31 08608465 frs-core:NetGoodwill 2023-07-31 08608465 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-07-31 08608465 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 08608465 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 08608465 frs-core:MotorVehicles 2024-07-31 08608465 frs-core:MotorVehicles 2023-08-01 2024-07-31 08608465 frs-core:MotorVehicles 2023-07-31 08608465 frs-core:ShareCapital 2024-07-31 08608465 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 08608465 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08608465 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 08608465 frs-bus:SmallEntities 2023-08-01 2024-07-31 08608465 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 08608465 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 08608465 frs-bus:Director1 2023-08-01 2024-07-31 08608465 frs-bus:Director1 2023-07-31 08608465 frs-bus:Director1 2024-07-31 08608465 frs-countries:EnglandWales 2023-08-01 2024-07-31 08608465 2022-07-31 08608465 2023-07-31 08608465 2022-08-01 2023-07-31 08608465 frs-core:CurrentFinancialInstruments 2023-07-31 08608465 frs-core:ShareCapital 2023-07-31 08608465 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 08608465
Canary Pub Co Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Richard Day Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08608465
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 11,401 12,303
11,401 12,303
CURRENT ASSETS
Stocks 6 9,234 9,666
Debtors 7 684 6,098
Cash at bank and in hand 147,817 102,879
157,735 118,643
Creditors: Amounts Falling Due Within One Year 8 (39,946 ) (40,652 )
NET CURRENT ASSETS (LIABILITIES) 117,789 77,991
TOTAL ASSETS LESS CURRENT LIABILITIES 129,190 90,294
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,392 ) (2,516 )
NET ASSETS 126,798 87,778
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 126,698 87,678
SHAREHOLDERS' FUNDS 126,798 87,778
Page 1
Page 2
For the year ending 31 July 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 Christian Hodgkinson
Director
15/11/2024
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
Canary Pub Co Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08608465 . 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 from the sale of goods is measured at the fair value of the consideration received or receivable, net of value added taxes.
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.
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:
Leasehold 25% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.5. 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.
2.6. 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 110,000
As at 31 July 2024 110,000
Amortisation
As at 1 August 2023 110,000
As at 31 July 2024 110,000
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 -
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 August 2023 8,850 22,688 45,218 76,756
Additions - - 3,290 3,290
Disposals - - (6,140 ) (6,140 )
As at 31 July 2024 8,850 22,688 42,368 73,906
Depreciation
As at 1 August 2023 8,850 21,334 34,269 64,453
Provided during the period - 338 3,854 4,192
Disposals - - (6,140 ) (6,140 )
As at 31 July 2024 8,850 21,672 31,983 62,505
Net Book Value
As at 31 July 2024 - 1,016 10,385 11,401
As at 1 August 2023 - 1,354 10,949 12,303
6. Stocks
2024 2023
£ £
Finished goods 9,234 9,666
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 684 1,076
Director's loan account - 5,022
684 6,098
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Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,549 9,951
Corporation tax 21,720 15,903
Other taxes and social security 466 623
VAT 5,029 5,098
Other creditors 831 84
Accruals and deferred income 4,136 8,993
Director's loan account 1,215 -
39,946 40,652
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Christian Hodgkinson 5,022 - 5,022 - -
The above loan is unsecured, interest free and repayable on demand.
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