Acorah Software Products - Accounts Production 16.1.300 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 08758412 Mr Daniel Booth Mr Paul Morris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08758412 2023-11-30 08758412 2024-11-30 08758412 2023-12-01 2024-11-30 08758412 frs-core:CurrentFinancialInstruments 2024-11-30 08758412 frs-core:Non-currentFinancialInstruments 2024-11-30 08758412 frs-core:ComputerEquipment 2024-11-30 08758412 frs-core:ComputerEquipment 2023-12-01 2024-11-30 08758412 frs-core:ComputerEquipment 2023-11-30 08758412 frs-core:FurnitureFittings 2024-11-30 08758412 frs-core:FurnitureFittings 2023-12-01 2024-11-30 08758412 frs-core:FurnitureFittings 2023-11-30 08758412 frs-core:NetGoodwill 2024-11-30 08758412 frs-core:NetGoodwill 2023-12-01 2024-11-30 08758412 frs-core:NetGoodwill 2023-11-30 08758412 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-11-30 08758412 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 08758412 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-30 08758412 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-30 08758412 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 08758412 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 08758412 frs-core:MotorVehicles 2024-11-30 08758412 frs-core:MotorVehicles 2023-12-01 2024-11-30 08758412 frs-core:MotorVehicles 2023-11-30 08758412 frs-core:PlantMachinery 2024-11-30 08758412 frs-core:PlantMachinery 2023-12-01 2024-11-30 08758412 frs-core:PlantMachinery 2023-11-30 08758412 frs-core:RevaluationReserve 2023-11-30 08758412 frs-core:RevaluationReserve 2024-11-30 08758412 frs-core:ShareCapital 2024-11-30 08758412 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 08758412 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 08758412 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 08758412 frs-bus:SmallEntities 2023-12-01 2024-11-30 08758412 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 08758412 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 08758412 frs-bus:Director1 2023-12-01 2024-11-30 08758412 frs-bus:Director2 2023-12-01 2024-11-30 08758412 frs-countries:EnglandWales 2023-12-01 2024-11-30 08758412 2022-11-30 08758412 2023-11-30 08758412 2022-12-01 2023-11-30 08758412 frs-core:CurrentFinancialInstruments 2023-11-30 08758412 frs-core:Non-currentFinancialInstruments 2023-11-30 08758412 frs-core:RevaluationReserve 2023-11-30 08758412 frs-core:ShareCapital 2023-11-30 08758412 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 08758412
Special Ingredients Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Cairns Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08758412
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 191
Tangible Assets 5 188,828 169,045
188,828 169,236
CURRENT ASSETS
Stocks 6 637,376 462,000
Debtors 7 1,998,996 1,822,329
Cash at bank and in hand 340,234 568,587
2,976,606 2,852,916
Creditors: Amounts Falling Due Within One Year 8 (236,209 ) (321,815 )
NET CURRENT ASSETS (LIABILITIES) 2,740,397 2,531,101
TOTAL ASSETS LESS CURRENT LIABILITIES 2,929,225 2,700,337
PROVISIONS FOR LIABILITIES
Deferred Taxation (18,863 ) -
NET ASSETS 2,910,362 2,700,337
CAPITAL AND RESERVES
Called up share capital 9 1,005 1,003
Revaluation reserve 10 54,045 54,045
Profit and Loss Account 2,855,312 2,645,289
SHAREHOLDERS' FUNDS 2,910,362 2,700,337
Page 1
Page 2
For the year ending 30 November 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 Daniel Booth
Director
Mr Paul Morris
Director
20/01/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Special Ingredients Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08758412 . The registered office is Unit 4 Foxwood View, Foxwood Industrial Park, Chesterfield, Derbyshire, S41 9RN.
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:
Freehold no depreciation
Leasehold straight line over 8 years
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% reducing balance
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.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. 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 year, 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 year was: 16 (2023: 14)
16 14
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2023 77,545
As at 30 November 2024 77,545
Amortisation
As at 1 December 2023 77,354
Provided during the period 191
As at 30 November 2024 77,545
Net Book Value
As at 30 November 2024 -
As at 1 December 2023 191
5. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 December 2023 113,377 13,000 84,865 -
Additions - 6,500 2,507 25,383
As at 30 November 2024 113,377 19,500 87,372 25,383
...CONTINUED
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Page 5
Depreciation
As at 1 December 2023 - 1,354 43,599 -
Provided during the period - 1,964 10,577 2,964
As at 30 November 2024 - 3,318 54,176 2,964
Net Book Value
As at 30 November 2024 113,377 16,182 33,196 22,419
As at 1 December 2023 113,377 11,646 41,266 -
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 December 2023 2,537 6,412 220,191
Additions 1,146 784 36,320
As at 30 November 2024 3,683 7,196 256,511
Depreciation
As at 1 December 2023 1,787 4,406 51,146
Provided during the period 306 726 16,537
As at 30 November 2024 2,093 5,132 67,683
Net Book Value
As at 30 November 2024 1,590 2,064 188,828
As at 1 December 2023 750 2,006 169,045
6. Stocks
2024 2023
£ £
Stock 637,376 462,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 224,717 193,202
Other debtors 92,990 31,988
317,707 225,190
Due after more than one year
Amounts owed by participating interests 1,656,501 1,584,651
Other debtors 24,788 12,488
1,681,289 1,597,139
1,998,996 1,822,329
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 18,228 8,144
Other creditors 62 250
Taxation and social security 217,919 313,421
236,209 321,815
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,005 1,003
10. Reserves
Revaluation Reserve
£
As at 1 December 2023 54,045
As at 30 November 2024 54,045
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