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Registered number: 06904788
Gibeon Restaurants Ltd
ABRIDGED Financial Statements
For The Year Ended 31 May 2024
JR Accounts
Chartered Certified Accountants
164-166 High Road
Ilford
Essex
IG1 1LL
Contents
Page
Company Information 1
Abridged Balance Sheet 2—3
Notes to the Abridged Financial Statements 4—6
Page 1
Company Information
Director Mr Emmanuel James
Secretary Mr Jason James
Company Number 06904788
Registered Office 164-166 High Road
Ilford
Essex
IG1 1LL
Accountants JR Accounts
Chartered Certified Accountants
164-166 High Road
Ilford
Essex
IG1 1LL
Page 1
Page 2
Abridged Balance Sheet
Registered number: 06904788
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 374,430 415,367
374,430 415,367
CURRENT ASSETS
Stocks 27,167 28,325
Debtors 58,164 88,165
Cash at bank and in hand 25,101 51,206
110,432 167,696
Creditors: Amounts Falling Due Within One Year (277,258 ) (295,211 )
NET CURRENT ASSETS (LIABILITIES) (166,826 ) (127,515 )
TOTAL ASSETS LESS CURRENT LIABILITIES 207,604 287,852
Creditors: Amounts Falling Due After More Than One Year (12,627 ) (47,199 )
NET ASSETS 194,977 240,653
CAPITAL AND RESERVES
Called up share capital 5 1,000 1,000
Profit and Loss Account 193,977 239,653
SHAREHOLDERS' FUNDS 194,977 240,653
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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 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 May 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Emmanuel James
Director
20 February 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Abridged Financial Statements
1. General Information
Gibeon Restaurants Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06904788 . The registered office is 164-166 High Road, Ilford, Essex, IG1 1LL.

The financial statements are prepared in sterling. Monetary amounts in these financial statements are rounded to the nearest £.
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:
Leasehold 2% on straight line method
Plant & Machinery 25% on reducing balance method
Motor Vehicles 25% on reducing balance method
Fixtures & Fittings 25% on reducing balance method
Computer Equipment 25% on reducing balance method
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.
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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 year 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 asset reflects 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
The average number of employees, including the director, during the year was: 24 (2023: 23)
24 23
4. Tangible Assets
Total
£
Cost
As at 1 June 2023 1,361,656
Additions 14,658
As at 31 May 2024 1,376,314
Depreciation
As at 1 June 2023 946,289
Provided during the period 55,595
As at 31 May 2024 1,001,884
Net Book Value
As at 31 May 2024 374,430
As at 1 June 2023 415,367
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5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
6. Contingent Liabilities
There were no contingent liabilities at either the beginning or at the end of the financial year.
7. Capital Commitments
The company had no capital commitments as at 31 May 2024.
8. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 50,000 140,000
Page 6