Acorah Software Products - Accounts Production 16.1.300 false true 28 February 2023 1 March 2022 false 1 March 2023 30 June 2024 30 June 2024 08411750 Mr Matthew Wadsworth Mr Damian O'Kelly Mr Ciaran O'Kelly Mr Stephen Nolan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08411750 2023-02-28 08411750 2024-06-30 08411750 2023-03-01 2024-06-30 08411750 frs-core:CurrentFinancialInstruments 2024-06-30 08411750 frs-core:Non-currentFinancialInstruments 2024-06-30 08411750 frs-core:ComputerEquipment 2023-03-01 2024-06-30 08411750 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-01 2024-06-30 08411750 frs-core:OtherResidualIntangibleAssets 2024-06-30 08411750 frs-core:OtherResidualIntangibleAssets 2023-03-01 2024-06-30 08411750 frs-core:OtherResidualIntangibleAssets 2023-02-28 08411750 frs-core:PlantMachinery 2024-06-30 08411750 frs-core:PlantMachinery 2023-03-01 2024-06-30 08411750 frs-core:PlantMachinery 2023-02-28 08411750 frs-core:ShareCapital 2024-06-30 08411750 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 08411750 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-06-30 08411750 frs-bus:FilletedAccounts 2023-03-01 2024-06-30 08411750 frs-bus:SmallEntities 2023-03-01 2024-06-30 08411750 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-06-30 08411750 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-06-30 08411750 frs-bus:Director1 2023-03-01 2024-06-30 08411750 frs-bus:Director2 2023-03-01 2024-06-30 08411750 frs-bus:Director3 2023-03-01 2024-06-30 08411750 frs-bus:Director4 2023-03-01 2024-06-30 08411750 frs-countries:EnglandWales 2023-03-01 2024-06-30 08411750 2022-02-28 08411750 2023-02-28 08411750 2022-03-01 2023-02-28 08411750 frs-core:CurrentFinancialInstruments 2023-02-28 08411750 frs-core:Non-currentFinancialInstruments 2023-02-28 08411750 frs-core:ShareCapital 2023-02-28 08411750 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 08411750
Good Food Talks Ltd
Unaudited Financial Statements
For the Period 1 March 2023 to 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08411750
30 June 2024 28 February 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 19,512 17,867
Tangible Assets 5 280 744
19,792 18,611
CURRENT ASSETS
Debtors 6 - 3,392
Cash at bank and in hand 7,012 15,655
7,012 19,047
Creditors: Amounts Falling Due Within One Year 7 (6,375 ) (14,274 )
NET CURRENT ASSETS (LIABILITIES) 637 4,773
TOTAL ASSETS LESS CURRENT LIABILITIES 20,429 23,384
Creditors: Amounts Falling Due After More Than One Year 8 - (8,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (50 ) (207 )
NET ASSETS 20,379 15,177
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 20,279 15,077
SHAREHOLDERS' FUNDS 20,379 15,177
Page 1
Page 2
For the period ending 30 June 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 Matthew Wadsworth
Director
20/09/2024
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
Good Food Talks Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08411750 . The registered office is Fora, Liverpool Street, London, England, EC2M 7PY.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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 - Other Intangible
Other intangible assets are website & app development costs. It is amortised to profit and loss account over its estimated economic life of 3 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:
Computer Equipment 25% Straight Line
2.5. 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.
...CONTINUED
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2.5. Taxation - continued
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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 1)
2 1
4. Intangible Assets
Other
£
Cost
As at 1 March 2023 26,800
Additions 19,804
As at 30 June 2024 46,604
Amortisation
As at 1 March 2023 8,933
Provided during the period 18,159
As at 30 June 2024 27,092
Net Book Value
As at 30 June 2024 19,512
As at 1 March 2023 17,867
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5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 March 2023 1,374
As at 30 June 2024 1,374
Depreciation
As at 1 March 2023 630
Provided during the period 464
As at 30 June 2024 1,094
Net Book Value
As at 30 June 2024 280
As at 1 March 2023 744
6. Debtors
30 June 2024 28 February 2023
£ £
Due within one year
Trade debtors - 3,392
7. Creditors: Amounts Falling Due Within One Year
30 June 2024 28 February 2023
£ £
Trade creditors 300 -
Bank loans and overdrafts - 3,000
Other creditors 2,646 6,500
Taxation and social security 3,429 4,774
6,375 14,274
8. Creditors: Amounts Falling Due After More Than One Year
30 June 2024 28 February 2023
£ £
Bank loans - 8,000
Page 5
Page 6
9. Share Capital
30 June 2024 28 February 2023
£ £
Allotted, Called up and fully paid 100 100
Page 6