Acorah Software Products - Accounts Production 16.1.300 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 08865160 Mr Dominic Beardwell Mrs Lucy Beardwell Ms Natalie Gray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08865160 2023-01-31 08865160 2024-01-31 08865160 2023-02-01 2024-01-31 08865160 frs-core:CurrentFinancialInstruments 2024-01-31 08865160 frs-core:Non-currentFinancialInstruments 2024-01-31 08865160 frs-core:FurnitureFittings 2024-01-31 08865160 frs-core:FurnitureFittings 2023-02-01 2024-01-31 08865160 frs-core:FurnitureFittings 2023-01-31 08865160 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 08865160 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 08865160 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-31 08865160 frs-core:ShareCapital 2024-01-31 08865160 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08865160 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08865160 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 08865160 frs-bus:SmallEntities 2023-02-01 2024-01-31 08865160 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08865160 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08865160 frs-bus:Director1 2023-02-01 2024-01-31 08865160 frs-bus:Director2 2023-02-01 2024-01-31 08865160 frs-bus:Director3 2023-02-01 2024-01-31 08865160 frs-countries:EnglandWales 2023-02-01 2024-01-31 08865160 2022-01-31 08865160 2023-01-31 08865160 2022-02-01 2023-01-31 08865160 frs-core:CurrentFinancialInstruments 2023-01-31 08865160 frs-core:Non-currentFinancialInstruments 2023-01-31 08865160 frs-core:ShareCapital 2023-01-31 08865160 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 08865160
Foundation Coffee House Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
JAC Accountancy Solutions Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08865160
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,417 17,889
15,417 17,889
CURRENT ASSETS
Stocks 5 32,000 30,000
Debtors 6 152,635 187,459
Cash at bank and in hand 185,621 236,857
370,256 454,316
Creditors: Amounts Falling Due Within One Year 7 (531,170 ) (520,196 )
NET CURRENT ASSETS (LIABILITIES) (160,914 ) (65,880 )
TOTAL ASSETS LESS CURRENT LIABILITIES (145,497 ) (47,991 )
Creditors: Amounts Falling Due After More Than One Year 8 (149,979 ) (192,042 )
NET LIABILITIES (295,476 ) (240,033 )
CAPITAL AND RESERVES
Called up share capital 9 350 350
Profit and Loss Account (295,826 ) (240,383 )
SHAREHOLDERS' FUNDS (295,476) (240,033)
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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 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 Dominic Beardwell
Director
29/01/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Foundation Coffee House Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08865160 . The registered office is 48-50 Whitworth Street, Manchester, M1 6LS.
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. Going Concern Disclosure
At the balance sheet date, the company had net liabilities amounting to £295,457 (2023: £240,033). In order to continue trading, the company is reliant upon the continuing support of its directors and related party creditors.
It has been indicated that this support will continue for the foreseeable future
Therefore at the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statementsg
2.3. 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.
2.4. 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:
Leasehold 10% Straight Line
Fixtures & Fittings 33 1/3% Straight Line
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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 48 (2023: 46)
48 46
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 February 2023 41,549 73,863 115,412
Additions - 5,320 5,320
As at 31 January 2024 41,549 79,183 120,732
...CONTINUED
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Depreciation
As at 1 February 2023 33,240 64,283 97,523
Provided during the period 4,155 3,637 7,792
As at 31 January 2024 37,395 67,920 105,315
Net Book Value
As at 31 January 2024 4,154 11,263 15,417
As at 1 February 2023 8,309 9,580 17,889
5. Stocks
2024 2023
£ £
Finished goods 32,000 30,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 96,739 91,460
Other debtors 55,896 95,999
152,635 187,459
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 104,664 157,907
Bank loans and overdrafts 80,857 80,857
Other creditors 235,442 223,747
Taxation and social security 110,207 57,685
531,170 520,196
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 149,979 192,042
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 350 350
10. Related Party Transactions
During the year directors were paid consultancy fees of £9,650(2023: £18,000)
Nochintz Limited is a company with common shareholders and directors.  At the year end the company owed Nochintz Limited £208,013 (2023: £208,013).  The loan is interest free with no fixed date for repayment.
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