Acorah Software Products - Accounts Production 16.0.110 false true 2 April 2023 1 April 2022 false 3 April 2023 31 March 2024 31 March 2024 10149887 Mr Christopher Manners Mr Leo Johnson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10149887 2023-04-02 10149887 2024-03-31 10149887 2023-04-03 2024-03-31 10149887 frs-core:CurrentFinancialInstruments 2024-03-31 10149887 frs-core:Non-currentFinancialInstruments 2024-03-31 10149887 frs-core:FurnitureFittings 2024-03-31 10149887 frs-core:FurnitureFittings 2023-04-03 2024-03-31 10149887 frs-core:FurnitureFittings 2023-04-02 10149887 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 10149887 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-03 2024-03-31 10149887 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-02 10149887 frs-core:PlantMachinery 2024-03-31 10149887 frs-core:PlantMachinery 2023-04-03 2024-03-31 10149887 frs-core:PlantMachinery 2023-04-02 10149887 frs-core:ShareCapital 2024-03-31 10149887 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10149887 frs-bus:PrivateLimitedCompanyLtd 2023-04-03 2024-03-31 10149887 frs-bus:FilletedAccounts 2023-04-03 2024-03-31 10149887 frs-bus:SmallEntities 2023-04-03 2024-03-31 10149887 frs-bus:AuditExempt-NoAccountantsReport 2023-04-03 2024-03-31 10149887 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-03 2024-03-31 10149887 frs-bus:Director1 2023-04-03 2024-03-31 10149887 frs-bus:Director2 2023-04-03 2024-03-31 10149887 frs-countries:EnglandWales 2023-04-03 2024-03-31 10149887 2022-03-31 10149887 2023-04-02 10149887 2022-04-01 2023-04-02 10149887 frs-core:CurrentFinancialInstruments 2023-04-02 10149887 frs-core:Non-currentFinancialInstruments 2023-04-02 10149887 frs-core:ShareCapital 2023-04-02 10149887 frs-core:RetainedEarningsAccumulatedLosses 2023-04-02
Registered number: 10149887
The Bottle of Sauce Limited
Financial Statements
For The Year Ended 31 March 2024
Virgate Accounts Ltd
1st Floor Olympus House
Quedgeley
Gloucester
GL2 4NF
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10149887
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 83,132 96,573
83,132 96,573
CURRENT ASSETS
Stocks 5 12,414 12,477
Debtors 6 114,154 92,953
Cash at bank and in hand 18,389 63,897
144,957 169,327
Creditors: Amounts Falling Due Within One Year 7 (128,350 ) (199,433 )
NET CURRENT ASSETS (LIABILITIES) 16,607 (30,106 )
TOTAL ASSETS LESS CURRENT LIABILITIES 99,739 66,467
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,942 ) (5,600 )
NET ASSETS 91,797 60,867
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 91,796 60,866
SHAREHOLDERS' FUNDS 91,797 60,867
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 Profit and Loss Account.
On behalf of the board
Mr Christopher Manners
Director
27/11/2024
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
The Bottle of Sauce Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10149887 . The registered office is 1st Floor Olympus House, Quedgeley, Gloucester, GL2 4NF.
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:
Leasehold 10 yrs straight line
Plant & Machinery 3 yrs straight line
Fixtures & Fittings 25% reducing balance
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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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: )
14 -
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 3 April 2023 133,343 97,965 63,566 294,874
Additions 104 6,058 3,952 10,114
As at 31 March 2024 133,447 104,023 67,518 304,988
Depreciation
As at 3 April 2023 64,271 94,063 39,967 198,301
Provided during the period 14,064 3,329 6,162 23,555
As at 31 March 2024 78,335 97,392 46,129 221,856
Net Book Value
As at 31 March 2024 55,112 6,631 21,389 83,132
As at 3 April 2023 69,072 3,902 23,599 96,573
5. Stocks
2024 2023
as restated
£ £
Stock 12,414 12,477
6. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 11,424 24,105
Prepayments and accrued income 5,842 7,781
Other debtors 23,836 5,291
Amounts owed by group undertakings 67,915 55,776
109,017 92,953
Due after more than one year
Other debtors 5,137 -
5,137 -
114,154 92,953
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 31,417 70,279
Corporation tax 44,033 43,520
Other taxes and social security - 6,000
VAT 38,314 45,289
Other creditors 3,002 2,638
Accruals and deferred income 11,584 31,707
128,350 199,433
8. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 1 1
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