Acorah Software Products - Accounts Production 16.1.200 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 SC524112 Sukhdev Singh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC524112 2023-01-31 SC524112 2024-01-31 SC524112 2023-02-01 2024-01-31 SC524112 frs-core:CurrentFinancialInstruments 2024-01-31 SC524112 frs-core:Non-currentFinancialInstruments 2024-01-31 SC524112 frs-core:ComputerEquipment 2024-01-31 SC524112 frs-core:ComputerEquipment 2023-02-01 2024-01-31 SC524112 frs-core:ComputerEquipment 2023-01-31 SC524112 frs-core:FurnitureFittings 2024-01-31 SC524112 frs-core:FurnitureFittings 2023-02-01 2024-01-31 SC524112 frs-core:FurnitureFittings 2023-01-31 SC524112 frs-core:MotorVehicles 2024-01-31 SC524112 frs-core:MotorVehicles 2023-02-01 2024-01-31 SC524112 frs-core:MotorVehicles 2023-01-31 SC524112 frs-core:PlantMachinery 2024-01-31 SC524112 frs-core:PlantMachinery 2023-02-01 2024-01-31 SC524112 frs-core:PlantMachinery 2023-01-31 SC524112 frs-core:ShareCapital 2024-01-31 SC524112 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 SC524112 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC524112 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 SC524112 frs-bus:SmallEntities 2023-02-01 2024-01-31 SC524112 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC524112 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC524112 frs-bus:Director1 2023-02-01 2024-01-31 SC524112 frs-core:Non-currentFinancialInstruments 1 2024-01-31 SC524112 frs-countries:Scotland 2023-02-01 2024-01-31 SC524112 2022-01-31 SC524112 2023-01-31 SC524112 2022-02-01 2023-01-31 SC524112 frs-core:CurrentFinancialInstruments 2023-01-31 SC524112 frs-core:Non-currentFinancialInstruments 2023-01-31 SC524112 frs-core:ShareCapital 2023-01-31 SC524112 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 SC524112 frs-core:CurrentFinancialInstruments 1 2023-01-31 SC524112 frs-core:Non-currentFinancialInstruments 1 2023-01-31
Registered number: SC524112
Taal Restaurant Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC524112
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 51,848 62,543
51,848 62,543
CURRENT ASSETS
Stocks 5 11,742 10,210
Debtors 6 341,573 262,000
Cash at bank and in hand 147,913 188,175
501,228 460,385
Creditors: Amounts Falling Due Within One Year 7 (110,998 ) (87,075 )
NET CURRENT ASSETS (LIABILITIES) 390,230 373,310
TOTAL ASSETS LESS CURRENT LIABILITIES 442,078 435,853
Creditors: Amounts Falling Due After More Than One Year 8 (14,000 ) (34,167 )
NET ASSETS 428,078 401,686
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 427,978 401,586
SHAREHOLDERS' FUNDS 428,078 401,686
Page 1
Page 2
For the year ending 31 January 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
Sukhdev Singh
Director
24/01/2025
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
Taal Restaurant Limited is a private company, limited by shares, incorporated in Scotland, registered number SC524112 . The registered office is 2 Bridge Street, Strathaven, Lanarkshire, ML10 6AN.
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
Revenue represents cash and credit sales, including food and beverages and both dine-in and delivery services (excluding value added tax and voluntary gratuities left by customers for the benefit of employees), and is recognised at the point of completion of a transaction with a customer.  Commission payable on delivery is recognised in cost of sales.
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:
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on cost
Fixtures & Fittings 20% on reducing balance
Computer Equipment 25% on reducing balance
2.4. 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 year was: 24 (2023: 19)
24 19
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2023 99,962 21,039 8,334 - 129,335
Additions 3,000 - 2,734 1,984 7,718
As at 31 January 2024 102,962 21,039 11,068 1,984 137,053
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 February 2023 56,806 5,260 4,726 - 66,792
Provided during the period 11,389 5,260 1,268 496 18,413
As at 31 January 2024 68,195 10,520 5,994 496 85,205
Net Book Value
As at 31 January 2024 34,767 10,519 5,074 1,488 51,848
As at 1 February 2023 43,156 15,779 3,608 - 62,543
5. Stocks
2024 2023
£ £
Finished goods 11,742 10,210
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,382 -
Other debtors 77,768 -
Other taxes and social security 4,094 -
Director's loan account 1,329 -
84,573 -
Due after more than one year
Taal property ltd 257,000 262,000
341,573 262,000
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,273 -
Bank loans and overdrafts 10,162 -
Corporation tax 69,446 50,619
Other taxes and social security - 15,471
VAT 16,896 16,310
Net wages 2,247 1,548
Other creditors 4,974 -
Pension creditors - 175
Accruals and deferred income - 150
Director's loan account - 2,802
110,998 87,075
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 14,000 34,167
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5