Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 NI615990 Mr Wayne Horwood Mr Gordon Patterson Mr Graeme Steele Mr Wayne Horwood iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI615990 2023-02-28 NI615990 2024-02-28 NI615990 2023-03-01 2024-02-28 NI615990 frs-core:CurrentFinancialInstruments 2024-02-28 NI615990 frs-core:ComputerEquipment 2024-02-28 NI615990 frs-core:ComputerEquipment 2023-03-01 2024-02-28 NI615990 frs-core:ComputerEquipment 2023-02-28 NI615990 frs-core:FurnitureFittings 2023-03-01 2024-02-28 NI615990 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-28 NI615990 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-28 NI615990 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 NI615990 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-28 NI615990 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 NI615990 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 NI615990 frs-core:PlantMachinery 2024-02-28 NI615990 frs-core:PlantMachinery 2023-03-01 2024-02-28 NI615990 frs-core:PlantMachinery 2023-02-28 NI615990 frs-core:ShareCapital 2024-02-28 NI615990 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 NI615990 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 NI615990 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 NI615990 frs-bus:SmallEntities 2023-03-01 2024-02-28 NI615990 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 NI615990 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 NI615990 frs-core:UnlistedNon-exchangeTraded 2024-02-28 NI615990 frs-core:UnlistedNon-exchangeTraded 2023-02-28 NI615990 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-02-28 NI615990 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-02-28 NI615990 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-02-28 NI615990 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-28 NI615990 frs-bus:Director1 2023-03-01 2024-02-28 NI615990 frs-bus:Director2 2023-03-01 2024-02-28 NI615990 frs-bus:Director3 2023-03-01 2024-02-28 NI615990 frs-bus:CompanySecretary1 2023-03-01 2024-02-28 NI615990 frs-countries:NorthernIreland 2023-03-01 2024-02-28 NI615990 2022-02-28 NI615990 2023-02-28 NI615990 2022-03-01 2023-02-28 NI615990 frs-core:CurrentFinancialInstruments 2023-02-28 NI615990 frs-core:ShareCapital 2023-02-28 NI615990 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: NI615990
Osiris Bars Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Allen Fleming CA Limited
Chartered Accountants & Chartered Tax Advisors
161-163 Upper Lisburn Road
Finaghy
Belfast
BT10 0LJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI615990
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 229,424 254,917
Investments 5 101 101
229,525 255,018
CURRENT ASSETS
Debtors 6 3,024,951 3,007,614
Cash at bank and in hand 35,836 85,601
3,060,787 3,093,215
Creditors: Amounts Falling Due Within One Year 7 (2,565,586 ) (2,555,695 )
NET CURRENT ASSETS (LIABILITIES) 495,201 537,520
TOTAL ASSETS LESS CURRENT LIABILITIES 724,726 792,538
NET ASSETS 724,726 792,538
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 724,725 792,537
SHAREHOLDERS' FUNDS 724,726 792,538
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Page 2
For the year ending 28 February 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 Graeme Steele
Director
28 November 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
Osiris Bars Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI615990 . The registered office is Jefferson House, 42 Queen Street, Belfast, Northern Ireland, BT1 6HL.
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 stated at cost less depreciation. 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:
Freehold 4% Straight line
Leasehold 4% Straight line
Plant & Machinery 20% Straight line
Fixtures & Fittings 20% Straight line
Computer Equipment 20% Straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 491,018 - 29,131 7,724 527,873
Additions - - - 350 350
As at 28 February 2024 491,018 - 29,131 8,074 528,223
Depreciation
As at 1 March 2023 265,168 (3,209 ) 4,451 6,546 272,956
Provided during the period 22,254 - 2,913 676 25,843
As at 28 February 2024 287,422 (3,209 ) 7,364 7,222 298,799
Net Book Value
As at 28 February 2024 203,596 3,209 21,767 852 229,424
As at 1 March 2023 225,850 3,209 24,680 1,178 254,917
5. Investments
Unlisted
£
Cost
As at 1 March 2023 101
As at 28 February 2024 101
Provision
As at 1 March 2023 -
As at 28 February 2024 -
Net Book Value
As at 28 February 2024 101
As at 1 March 2023 101
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6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 4,000 4,000
Other debtors 522 522
Amounts owed by group undertakings 2,847,606 2,830,269
Amounts owed by other participating interests 172,823 172,823
3,024,951 3,007,614
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,629 304
Corporation tax (185 ) (185 )
VAT 34,946 33,380
Accruals and deferred income 1,200 1,200
Directors' loan accounts 841,824 846,324
Amounts owed to group undertakings 1,683,172 1,674,672
2,565,586 2,555,695
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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