Acorah Software Products - Accounts Production 16.1.300 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 07654617 A L Head Edition Capital Directors Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07654617 2023-05-31 07654617 2024-05-31 07654617 2023-06-01 2024-05-31 07654617 frs-core:CurrentFinancialInstruments 2024-05-31 07654617 frs-core:Non-currentFinancialInstruments 2024-05-31 07654617 frs-core:BetweenOneFiveYears 2024-05-31 07654617 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-01 2024-05-31 07654617 frs-core:FurnitureFittings 2024-05-31 07654617 frs-core:FurnitureFittings 2023-06-01 2024-05-31 07654617 frs-core:FurnitureFittings 2023-05-31 07654617 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-31 07654617 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 07654617 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-31 07654617 frs-core:MotorVehicles 2024-05-31 07654617 frs-core:MotorVehicles 2023-06-01 2024-05-31 07654617 frs-core:MotorVehicles 2023-05-31 07654617 frs-core:OtherResidualIntangibleAssets 2024-05-31 07654617 frs-core:OtherResidualIntangibleAssets 2023-06-01 2024-05-31 07654617 frs-core:OtherResidualIntangibleAssets 2023-05-31 07654617 frs-core:PlantMachinery 2024-05-31 07654617 frs-core:PlantMachinery 2023-06-01 2024-05-31 07654617 frs-core:PlantMachinery 2023-05-31 07654617 frs-core:WithinOneYear 2024-05-31 07654617 frs-core:SharePremium 2024-05-31 07654617 frs-core:ShareCapital 2024-05-31 07654617 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 07654617 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07654617 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 07654617 frs-bus:SmallEntities 2023-06-01 2024-05-31 07654617 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07654617 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07654617 frs-bus:Director1 2023-06-01 2024-05-31 07654617 frs-bus:Director2 2023-06-01 2024-05-31 07654617 frs-core:CurrentFinancialInstruments 1 2024-05-31 07654617 frs-core:CurrentFinancialInstruments 9 2024-05-31 07654617 frs-countries:EnglandWales 2023-06-01 2024-05-31 07654617 2022-05-31 07654617 2023-05-31 07654617 2022-06-01 2023-05-31 07654617 frs-core:CurrentFinancialInstruments 2023-05-31 07654617 frs-core:Non-currentFinancialInstruments 2023-05-31 07654617 frs-core:BetweenOneFiveYears 2023-05-31 07654617 frs-core:WithinOneYear 2023-05-31 07654617 frs-core:SharePremium 2023-05-31 07654617 frs-core:ShareCapital 2023-05-31 07654617 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 07654617 frs-core:CurrentFinancialInstruments 1 2023-05-31 07654617 frs-core:CurrentFinancialInstruments 9 2023-05-31
Registered number: 07654617
Social Pantry Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—8
Page 1
Balance Sheet
Registered number: 07654617
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 25,443 23,784
Tangible Assets 5 473,585 346,654
499,028 370,438
CURRENT ASSETS
Stocks 6 51,426 23,822
Debtors 7 1,256,876 847,125
Cash at bank and in hand 795,234 872,459
2,103,536 1,743,406
Creditors: Amounts Falling Due Within One Year 8 (2,168,323 ) (1,659,961 )
NET CURRENT ASSETS (LIABILITIES) (64,787 ) 83,445
TOTAL ASSETS LESS CURRENT LIABILITIES 434,241 453,883
Creditors: Amounts Falling Due After More Than One Year 9 (75,214 ) (114,244 )
NET ASSETS 359,027 339,639
CAPITAL AND RESERVES
Called up share capital 150 150
Share premium account 1,056,382 1,056,382
Profit and Loss Account (697,505 ) (716,893 )
SHAREHOLDERS' FUNDS 359,027 339,639
Page 1
Page 2
For the year ending 31 May 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
A L Head
Director
02/02/2025
The notes on pages 3 to 8 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Social Pantry Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07654617 . The registered office is Unit 1 , Heliport Industrial Estate, Lombard Road , London , SW11 3SS.
The presentation currency of the financial statements is the Pound Sterling (£).  
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
No significant judgements have had to be made by the directors in preparing these financial statements.
An estimate has been provided for by the directors in relation to the recoverability of debtors.
2.4. 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.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are brand assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
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2.6. 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, assets held under finance leases are depreciated in the same way as owned assets:
Leasehold Length of the lease
Plant & Machinery 5 years
Motor Vehicles 5 years
Fixtures & Fittings 5 years
It was deemed that depreciation relating to Plant & Machinery, Motor Vehicles and Fixtures & Fittings previously provided for on a 3 year straight line basis was not reflective of the useful economic life of the assets. The policy for recognising depreciation has therefore been changed to a 5 year straight line basis.
2.7. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.8. 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.
2.9. 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.
...CONTINUED
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2.9. Taxation - continued
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.
2.10. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 62 (2023: 65)
62 65
4. Intangible Assets
Other
£
Cost
As at 1 June 2023 28,650
Additions 8,000
As at 31 May 2024 36,650
Amortisation
As at 1 June 2023 4,866
Provided during the period 6,341
As at 31 May 2024 11,207
Net Book Value
As at 31 May 2024 25,443
As at 1 June 2023 23,784
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 June 2023 314,178 277,482 100,681 104,143 796,484
Additions 159,189 97,809 - 515 257,513
Disposals - - (19,700 ) - (19,700 )
As at 31 May 2024 473,367 375,291 80,981 104,658 1,034,297
Depreciation
As at 1 June 2023 154,248 130,774 82,427 82,381 449,830
Provided during the period 72,813 39,963 1,815 16,391 130,982
Disposals - - (20,100 ) - (20,100 )
As at 31 May 2024 227,061 170,737 64,142 98,772 560,712
Net Book Value
As at 31 May 2024 246,306 204,554 16,839 5,886 473,585
As at 1 June 2023 159,930 146,708 18,254 21,762 346,654
6. Stocks
2024 2023
£ £
Stock 51,426 23,822
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 951,388 633,860
Other debtors 36,770 14,933
Prepayments 224,131 153,745
Corporation tax recoverable assets 8,087 8,087
1,220,376 810,625
Due after more than one year
Other debtors 36,500 36,500
1,256,876 847,125
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,326 3,326
Trade creditors 607,840 566,137
Bank loans and overdrafts 33,605 42,105
Wages, other taxes and social security 186,072 168,318
VAT 349,691 248,687
Other creditors 834,016 583,799
Credit cards 57,021 12,825
Accruals and deferred income 96,703 34,727
Directors' loan accounts 49 37
2,168,323 1,659,961
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 17,591 20,916
Bank loans 57,623 93,328
75,214 114,244
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,326 3,326
Later than one year and not later than five years 17,591 20,916
20,917 24,242
20,917 24,242
11. Capital Commitments
2024 2023
£ £
At the end of the period 475,750 348,500
At the end of the period, the company had property lease commitments contracted for but not provided in these financial statements over the next 5 years.
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12. Pension Commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £8,019 (PY - £5,551) were due to the fund. They are included in Other Creditors.
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