Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 11819543 Mr Md Islam iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11819543 2023-02-28 11819543 2024-02-29 11819543 2023-03-01 2024-02-29 11819543 frs-core:CurrentFinancialInstruments 2024-02-29 11819543 frs-core:Non-currentFinancialInstruments 2024-02-29 11819543 frs-core:FurnitureFittings 2024-02-29 11819543 frs-core:FurnitureFittings 2023-03-01 2024-02-29 11819543 frs-core:FurnitureFittings 2023-02-28 11819543 frs-core:NetGoodwill 2024-02-29 11819543 frs-core:NetGoodwill 2023-03-01 2024-02-29 11819543 frs-core:NetGoodwill 2023-02-28 11819543 frs-core:PlantMachinery 2024-02-29 11819543 frs-core:PlantMachinery 2023-03-01 2024-02-29 11819543 frs-core:PlantMachinery 2023-02-28 11819543 frs-core:ShareCapital 2024-02-29 11819543 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11819543 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11819543 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 11819543 frs-bus:SmallEntities 2023-03-01 2024-02-29 11819543 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11819543 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11819543 frs-bus:Director1 2023-03-01 2024-02-29 11819543 frs-countries:EnglandWales 2023-03-01 2024-02-29 11819543 2022-02-28 11819543 2023-02-28 11819543 2022-03-01 2023-02-28 11819543 frs-core:CurrentFinancialInstruments 2023-02-28 11819543 frs-core:Non-currentFinancialInstruments 2023-02-28 11819543 frs-core:ShareCapital 2023-02-28 11819543 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 11819543
Aa Foodies Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
TaxAssist Accountants
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11819543
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 182,250 199,800
Tangible Assets 5 113,560 143,340
295,810 343,140
CURRENT ASSETS
Stocks 6 12,000 12,000
Debtors 7 (6,444 ) (4,296 )
Cash at bank and in hand 145,018 178,598
150,574 186,302
Creditors: Amounts Falling Due Within One Year 8 (300,807 ) (250,536 )
NET CURRENT ASSETS (LIABILITIES) (150,233 ) (64,234 )
TOTAL ASSETS LESS CURRENT LIABILITIES 145,577 278,906
Creditors: Amounts Falling Due After More Than One Year 9 (99,405 ) (140,837 )
NET ASSETS 46,172 138,069
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 46,072 137,969
SHAREHOLDERS' FUNDS 46,172 138,069
Page 1
Page 2
For the year ending 29 February 2024 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 Md Islam
Director
18 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
Aa Foodies Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11819543 . The registered office is 12 The Forum, Subway, Stevenage, SG1 1EH.
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2023: 36)
19 36
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 270,000
As at 29 February 2024 270,000
Amortisation
As at 1 March 2023 70,200
Provided during the period 17,550
As at 29 February 2024 87,750
Net Book Value
As at 29 February 2024 182,250
As at 1 March 2023 199,800
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 March 2023 58,900 180,000 238,900
As at 29 February 2024 58,900 180,000 238,900
Depreciation
As at 1 March 2023 23,560 72,000 95,560
Provided during the period 11,780 18,000 29,780
As at 29 February 2024 35,340 90,000 125,340
Net Book Value
As at 29 February 2024 23,560 90,000 113,560
As at 1 March 2023 35,340 108,000 143,340
6. Stocks
2024 2023
£ £
Finished goods 12,000 12,000
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Amounts owed by associates (6,444 ) (4,296 )
(6,444 ) (4,296 )
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 2,739
Other taxes and social security 5,832 1,383
VAT 19,125 22,387
Director's loan account 275,850 224,027
300,807 250,536
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 76,125 107,625
Other creditors 23,280 33,212
99,405 140,837
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5