Acorah Software Products - Accounts Production 16.1.200 false true false 5 October 2022 31 October 2023 31 October 2023 SC746425 Mr Muhammad Aqeel ALI iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC746425 2022-10-04 SC746425 2023-10-31 SC746425 2022-10-05 2023-10-31 SC746425 frs-core:CurrentFinancialInstruments 2023-10-31 SC746425 frs-core:Non-currentFinancialInstruments 2023-10-31 SC746425 frs-core:FurnitureFittings 2023-10-31 SC746425 frs-core:FurnitureFittings 2022-10-05 2023-10-31 SC746425 frs-core:FurnitureFittings 2022-10-04 SC746425 frs-core:NetGoodwill 2023-10-31 SC746425 frs-core:NetGoodwill 2022-10-05 2023-10-31 SC746425 frs-core:NetGoodwill 2022-10-04 SC746425 frs-core:PlantMachinery 2023-10-31 SC746425 frs-core:PlantMachinery 2022-10-05 2023-10-31 SC746425 frs-core:PlantMachinery 2022-10-04 SC746425 frs-core:ShareCapital 2023-10-31 SC746425 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC746425 frs-bus:PrivateLimitedCompanyLtd 2022-10-05 2023-10-31 SC746425 frs-bus:FilletedAccounts 2022-10-05 2023-10-31 SC746425 frs-bus:SmallEntities 2022-10-05 2023-10-31 SC746425 frs-bus:AuditExempt-NoAccountantsReport 2022-10-05 2023-10-31 SC746425 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-05 2023-10-31 SC746425 frs-bus:Director1 2022-10-05 2023-10-31 SC746425 frs-countries:Scotland 2022-10-05 2023-10-31
Registered number: SC746425
BUBBLE TEA GLASGOW LTD
Unaudited Financial Statements
For the Period 5 October 2022 to 31 October 2023
Global Accountancy Practice
10 Allison Street
Glasgow
G42 8NN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC746425
31 October 2023
Notes £ £
FIXED ASSETS
Intangible Assets 4 11,200
Tangible Assets 5 48,878
60,078
CURRENT ASSETS
Stocks 6 11,690
Debtors 7 1,872
Cash at bank and in hand 17,686
31,248
Creditors: Amounts Falling Due Within One Year 8 (47,547 )
NET CURRENT ASSETS (LIABILITIES) (16,299 )
TOTAL ASSETS LESS CURRENT LIABILITIES 43,779
Creditors: Amounts Falling Due After More Than One Year 9 (53,706 )
NET LIABILITIES (9,927 )
CAPITAL AND RESERVES
Called up share capital 10 1
Profit and Loss Account (9,928 )
SHAREHOLDERS' FUNDS (9,927)
Page 1
Page 2
For the period ending 31 October 2023 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 Muhammad Aqeel ALI
Director
2nd January 2025
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
BUBBLE TEA GLASGOW LTD is a private company, limited by shares, incorporated in Scotland, registered number SC746425 . The registered office is 520 Victoria Road, Glasgow, G42 8BG.
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. 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 of .... years.
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:
Plant & Machinery 20%
Fixtures & Fittings 10%
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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 4
4
4. Intangible Assets
Goodwill
£
Cost
As at 5 October 2022 -
Additions 11,200
As at 31 October 2023 11,200
Net Book Value
As at 31 October 2023 11,200
As at 5 October 2022 -
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5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 5 October 2022 - - -
Additions 7,445 46,000 53,445
As at 31 October 2023 7,445 46,000 53,445
Depreciation
As at 5 October 2022 - - -
Provided during the period 1,117 3,450 4,567
As at 31 October 2023 1,117 3,450 4,567
Net Book Value
As at 31 October 2023 6,328 42,550 48,878
As at 5 October 2022 - - -
6. Stocks
31 October 2023
£
Materials 11,690
7. Debtors
31 October 2023
£
Due within one year
Other debtors 1,872
8. Creditors: Amounts Falling Due Within One Year
31 October 2023
£
Other loans 25,000
Other creditors 22,547
47,547
9. Creditors: Amounts Falling Due After More Than One Year
31 October 2023
£
Bank loans 53,706
Page 4
Page 5
10. Share Capital
31 October 2023
£
Allotted, Called up and fully paid 1
Page 5