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Registered number: 09378568
Bevells Ltd
Unaudited Financial Statements
For the Period 1 June 2023 to 30 November 2023
The Entrepreneurs Accountant (Ripple) Limited
ACCA
Kimberley
Northwick Road
Mark
Somerset
TA9 4PQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09378568
30 November 2023 31 May 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,103,519 2,104,395
2,103,519 2,104,395
CURRENT ASSETS
Debtors 5 10,000 126,790
Cash at bank and in hand 17,400 40,209
27,400 166,999
Creditors: Amounts Falling Due Within One Year 6 (55,599 ) (123,265 )
NET CURRENT ASSETS (LIABILITIES) (28,199 ) 43,734
TOTAL ASSETS LESS CURRENT LIABILITIES 2,075,320 2,148,129
Creditors: Amounts Falling Due After More Than One Year 7 (2,089,536 ) (2,094,729 )
NET (LIABILITIES)/ASSETS (14,216 ) 53,400
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (14,217 ) 53,399
SHAREHOLDERS' FUNDS (14,216) 53,400
Page 1
Page 2
For the period ending 30 November 2023 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 Mandeep Gogna
Director
29 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
Bevells Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09378568 . The registered office is Kimberley, Northwick Road, Mark, Somerset, TA9 4PQ.
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 No Depreciation
Plant & Machinery 15% Writing Down
Motor Vehicles 25% Writing Down
2.4. 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 and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2023: 1)
1 1
Page 3
Page 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 June 2023 2,100,000 8,121 6,000 2,114,121
As at 30 November 2023 2,100,000 8,121 6,000 2,114,121
Depreciation
As at 1 June 2023 - 5,893 3,833 9,726
Provided during the period - 334 542 876
As at 30 November 2023 - 6,227 4,375 10,602
Net Book Value
As at 30 November 2023 2,100,000 1,894 1,625 2,103,519
As at 1 June 2023 2,100,000 2,228 2,167 2,104,395
5. Debtors
30 November 2023 31 May 2023
£ £
Due within one year
Other debtors 10,000 14,834
Due after more than one year
Other debtors - 111,956
10,000 126,790
6. Creditors: Amounts Falling Due Within One Year
30 November 2023 31 May 2023
£ £
Other creditors 55,599 117,168
Taxation and social security - 6,097
55,599 123,265
7. Creditors: Amounts Falling Due After More Than One Year
30 November 2023 31 May 2023
£ £
Bank loans 31,777 36,970
Other creditors 2,057,759 2,057,759
2,089,536 2,094,729
Page 4
Page 5
8. Share Capital
30 November 2023 31 May 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5