Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 09601310 Mr Brian Proud Miss Michelle Proud iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09601310 2023-05-31 09601310 2024-05-31 09601310 2023-06-01 2024-05-31 09601310 frs-core:CurrentFinancialInstruments 2024-05-31 09601310 frs-core:Non-currentFinancialInstruments 2024-05-31 09601310 frs-core:FurnitureFittings 2024-05-31 09601310 frs-core:FurnitureFittings 2023-06-01 2024-05-31 09601310 frs-core:FurnitureFittings 2023-05-31 09601310 frs-core:PlantMachinery 2024-05-31 09601310 frs-core:PlantMachinery 2023-06-01 2024-05-31 09601310 frs-core:PlantMachinery 2023-05-31 09601310 frs-core:ShareCapital 2024-05-31 09601310 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 09601310 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09601310 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 09601310 frs-bus:SmallEntities 2023-06-01 2024-05-31 09601310 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09601310 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09601310 frs-bus:Director1 2023-06-01 2024-05-31 09601310 frs-bus:Director2 2023-06-01 2024-05-31 09601310 frs-core:CurrentFinancialInstruments 1 2024-05-31 09601310 frs-core:CurrentFinancialInstruments 2 2024-05-31 09601310 frs-core:CurrentFinancialInstruments 6 2024-05-31 09601310 frs-countries:EnglandWales 2023-06-01 2024-05-31 09601310 2022-05-31 09601310 2023-05-31 09601310 2022-06-01 2023-05-31 09601310 frs-core:CurrentFinancialInstruments 2023-05-31 09601310 frs-core:Non-currentFinancialInstruments 2023-05-31 09601310 frs-core:ShareCapital 2023-05-31 09601310 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 09601310 frs-core:CurrentFinancialInstruments 1 2023-05-31 09601310 frs-core:CurrentFinancialInstruments 2 2023-05-31 09601310 frs-core:CurrentFinancialInstruments 6 2023-05-31
Registered number: 09601310
Proud Inns (The Falcon) Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Oremus Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09601310
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 47,418 51,865
47,418 51,865
CURRENT ASSETS
Stocks 5 12,134 11,847
Debtors 6 9,392 4,105
Investments 7 6,000 6,000
Cash at bank and in hand 41,224 20,543
68,750 42,495
Creditors: Amounts Falling Due Within One Year 8 (106,241 ) (143,592 )
NET CURRENT ASSETS (LIABILITIES) (37,491 ) (101,097 )
TOTAL ASSETS LESS CURRENT LIABILITIES 9,927 (49,232 )
Creditors: Amounts Falling Due After More Than One Year 9 (71,410 ) (47,895 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,528 ) (6,528 )
NET LIABILITIES (68,011 ) (103,655 )
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account (68,013 ) (103,657 )
SHAREHOLDERS' FUNDS (68,011) (103,655)
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
Miss Michelle Proud
Director
13/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Proud Inns (The Falcon) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09601310 . The registered office is 4 Duxbury Park, Washington, NE38 8BJ.
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. 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 15%
Fixtures & Fittings 15%
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: 12 (2023: 16)
12 16
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 June 2023 104,988 86,837 191,825
Additions 3,297 5,651 8,948
As at 31 May 2024 108,285 92,488 200,773
Depreciation
As at 1 June 2023 63,244 76,716 139,960
Provided during the period 10,770 2,625 13,395
As at 31 May 2024 74,014 79,341 153,355
...CONTINUED
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Page 4
Net Book Value
As at 31 May 2024 34,271 13,147 47,418
As at 1 June 2023 41,744 10,121 51,865
5. Stocks
2024 2023
£ £
Stock - Wet 7,607 6,707
Stock - Dry 4,527 5,140
12,134 11,847
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 9,392 4,105
7. Current Asset Investments
2024 2023
£ £
Short term deposits 6,000 6,000
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 36,316 33,604
VAT 51,641 45,678
Net wages 1,613 2,043
Inter Pub - Jolly Drover 6,629 56,629
MGD Control Account 3,578 3,324
Pension Control Account 952 1,099
Accruals and deferred income 5,512 1,215
106,241 143,592
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 25,260 33,480
Directors loan account 46,150 14,415
71,410 47,895
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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