Registered number
10372718
Acropolis Street Food Limited
Unaudited Filleted Accounts
31 March 2024
Acropolis Street Food Limited
Registered number: 10372718
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 83,598 77,160
Investments 4 95 95
83,693 77,255
Current assets
Stocks 43,532 39,532
Debtors 5 160,004 173,459
Cash at bank and in hand 112,838 68,635
316,374 281,626
Creditors: amounts falling due within one year 6 (277,639) (230,836)
Net current assets 38,735 50,790
Total assets less current liabilities 122,428 128,045
Creditors: amounts falling due after more than one year 7 (9,967) (9,647)
Provisions for liabilities - (19,290)
Net assets 112,461 99,108
Capital and reserves
Called up share capital 40 40
Profit and loss account 112,421 99,068
Shareholders' funds 112,461 99,108
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
V Tachan
Director
Approved by the board on 18 December 2024
Acropolis Street Food Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 52 42
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 105,476 26,180 131,656
Additions 28,133 - 28,133
At 31 March 2024 133,609 26,180 159,789
Depreciation
At 1 April 2023 41,041 13,455 54,496
Charge for the year 18,514 3,181 21,695
At 31 March 2024 59,555 16,636 76,191
Net book value
At 31 March 2024 74,054 9,544 83,598
At 31 March 2023 64,435 12,725 77,160
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2023 95
At 31 March 2024 95
5 Debtors 2024 2023
£ £
Trade debtors 62,172 31,373
Amounts owed by group undertakings and undertakings in which the company has a participating interest 51,579 86,822
Other debtors 46,253 55,264
160,004 173,459
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 4,920
Trade creditors 31,852 37,253
Amounts owed to group undertakings and undertakings in which the company has a participating interest 22,823 36,436
Taxation and social security costs 15,907 14,253
Other creditors 207,057 137,974
277,639 230,836
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 9,967 9,647
8 Controlling party
There is no direct controlling interest in the company.
9 Other information
Acropolis Street Food Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 5
Hoults Estate
Newcastle Upon Tyne
NE6 1AB
Acropolis Street Food Limited 10372718 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 V Tachan No description of principal activity 10372718 2022-04-01 2023-03-31 10372718 core:WithinOneYear 2023-03-31 10372718 core:AfterOneYear 2023-03-31 10372718 core:ShareCapital 2023-03-31 10372718 core:RetainedEarningsAccumulatedLosses 2023-03-31 10372718 2023-04-01 2024-03-31 10372718 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10372718 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10372718 bus:Director40 2023-04-01 2024-03-31 10372718 1 2023-04-01 2024-03-31 10372718 2 2023-04-01 2024-03-31 10372718 core:PlantMachinery 2023-04-01 2024-03-31 10372718 core:Vehicles 2023-04-01 2024-03-31 10372718 countries:England 2023-04-01 2024-03-31 10372718 bus:FRS102 2023-04-01 2024-03-31 10372718 bus:FilletedAccounts 2023-04-01 2024-03-31 10372718 2024-03-31 10372718 core:WithinOneYear 2024-03-31 10372718 core:AfterOneYear 2024-03-31 10372718 core:ShareCapital 2024-03-31 10372718 core:RetainedEarningsAccumulatedLosses 2024-03-31 10372718 core:PlantMachinery 2024-03-31 10372718 core:Vehicles 2024-03-31 10372718 2023-03-31 10372718 core:PlantMachinery 2023-03-31 10372718 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure