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 08279174 H Davies U Ferreira T Sellers iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08279174 2023-05-31 08279174 2024-05-31 08279174 2023-06-01 2024-05-31 08279174 frs-core:CurrentFinancialInstruments 2024-05-31 08279174 frs-core:Non-currentFinancialInstruments 2024-05-31 08279174 frs-core:ComputerEquipment 2024-05-31 08279174 frs-core:ComputerEquipment 2023-06-01 2024-05-31 08279174 frs-core:ComputerEquipment 2023-05-31 08279174 frs-core:FurnitureFittings 2024-05-31 08279174 frs-core:FurnitureFittings 2023-06-01 2024-05-31 08279174 frs-core:FurnitureFittings 2023-05-31 08279174 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-31 08279174 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 08279174 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-31 08279174 frs-core:MotorVehicles 2024-05-31 08279174 frs-core:MotorVehicles 2023-06-01 2024-05-31 08279174 frs-core:MotorVehicles 2023-05-31 08279174 frs-core:PlantMachinery 2024-05-31 08279174 frs-core:PlantMachinery 2023-06-01 2024-05-31 08279174 frs-core:PlantMachinery 2023-05-31 08279174 frs-core:RevaluationReserve 2023-05-31 08279174 frs-core:RevaluationReserve 2024-05-31 08279174 frs-core:SharePremium 2024-05-31 08279174 frs-core:ShareCapital 2024-05-31 08279174 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 08279174 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08279174 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 08279174 frs-bus:SmallEntities 2023-06-01 2024-05-31 08279174 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08279174 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 08279174 frs-bus:Director1 2023-06-01 2024-05-31 08279174 frs-bus:Director2 2023-06-01 2024-05-31 08279174 frs-bus:Director3 2023-06-01 2024-05-31 08279174 frs-bus:Director3 2023-05-31 08279174 frs-bus:Director3 2024-05-31 08279174 frs-core:CurrentFinancialInstruments 1 2024-05-31 08279174 frs-core:CurrentFinancialInstruments 2 2024-05-31 08279174 frs-core:CurrentFinancialInstruments 3 2024-05-31 08279174 frs-core:CurrentFinancialInstruments 4 2024-05-31 08279174 frs-core:CurrentFinancialInstruments 6 2024-05-31 08279174 frs-core:CurrentFinancialInstruments 7 2024-05-31 08279174 frs-countries:EnglandWales 2023-06-01 2024-05-31 08279174 2022-05-31 08279174 2023-05-31 08279174 2022-06-01 2023-05-31 08279174 frs-core:CurrentFinancialInstruments 2023-05-31 08279174 frs-core:Non-currentFinancialInstruments 2023-05-31 08279174 frs-core:RevaluationReserve 2023-05-31 08279174 frs-core:SharePremium 2023-05-31 08279174 frs-core:ShareCapital 2023-05-31 08279174 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 08279174 frs-core:CurrentFinancialInstruments 1 2023-05-31 08279174 frs-core:CurrentFinancialInstruments 2 2023-05-31 08279174 frs-core:CurrentFinancialInstruments 3 2023-05-31 08279174 frs-core:CurrentFinancialInstruments 4 2023-05-31 08279174 frs-core:CurrentFinancialInstruments 6 2023-05-31 08279174 frs-core:CurrentFinancialInstruments 7 2023-05-31
Registered number: 08279174
Restaurant Story Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
R Best & Co Ltd
Office 6
7 - 11 High Street
Reigate
Surrey
RH2 9AA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08279174
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,224,542 2,362,718
4,224,542 2,362,718
CURRENT ASSETS
Stocks 5 181,636 73,482
Debtors 6 393,114 1,695,749
Cash at bank and in hand 9,423 9,916
584,173 1,779,147
Creditors: Amounts Falling Due Within One Year 7 (1,880,565 ) (965,074 )
NET CURRENT ASSETS (LIABILITIES) (1,296,392 ) 814,073
TOTAL ASSETS LESS CURRENT LIABILITIES 2,928,150 3,176,791
Creditors: Amounts Falling Due After More Than One Year 8 (1,576,765 ) (1,453,461 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (169,060 ) (169,060 )
NET ASSETS 1,182,325 1,554,270
CAPITAL AND RESERVES
Called up share capital 9 137 144
Share premium account 833,294 999,960
Revaluation reserve 11 357,320 357,320
Profit and Loss Account (8,426 ) 196,846
SHAREHOLDERS' FUNDS 1,182,325 1,554,270
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
H Davies
Director
19 February 2025
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
Restaurant Story Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08279174 . The registered office is Office 6, 7 - 11 High Street, Reigate, Surrey, RH2 9AA.
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 net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 
Sale of goods
Turnover from the sale of goods is recognised at the point of sale.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. 
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 at cost
Plant & Machinery at varying rates on cost
Motor Vehicles 20% on a reducing balance
Fixtures & Fittings at varying rates on cost
Computer Equipment 33% on cost
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.
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.
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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 25)
15 25
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 June 2023 2,974,904 71,871 - 124,445
Additions 1,738,305 211,133 25,463 67,652
Disposals - - - (36,854 )
As at 31 May 2024 4,713,209 283,004 25,463 155,243
Depreciation
As at 1 June 2023 669,745 43,768 - 97,252
Provided during the period 140,405 19,715 2,546 17,150
Disposals - - - (36,854 )
As at 31 May 2024 810,150 63,483 2,546 77,548
Net Book Value
As at 31 May 2024 3,903,059 219,521 22,917 77,695
As at 1 June 2023 2,305,159 28,103 - 27,193
Computer Equipment Total
£ £
Cost
As at 1 June 2023 22,209 3,193,429
Additions - 2,042,553
Disposals - (36,854 )
As at 31 May 2024 22,209 5,199,128
Depreciation
As at 1 June 2023 19,946 830,711
Provided during the period 913 180,729
Disposals - (36,854 )
As at 31 May 2024 20,859 974,586
Net Book Value
As at 31 May 2024 1,350 4,224,542
As at 1 June 2023 2,263 2,362,718
5. Stocks
2024 2023
£ £
Stock 181,636 73,482
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 41,352 16,968
Prepayments and accrued income 387,976 576,199
Rental Deposit 5,280 -
Card Processing 19,805 -
Other Debtor 29,780 691,055
Tom Sellers Ltd 2,338 44,853
History Hospitality Group Ltd 1,372 (181 )
Storyland Holding Ltd (219,414 ) 1,586
Story Cellar Ltd 124,625 -
VAT - 18,548
Directors' loan accounts - 346,721
393,114 1,695,749
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 417,339 159,434
Bank loans and overdrafts 10,000 10,000
Corporation tax 2,670 2,670
Other taxes and social security 142,476 91,756
VAT 123,486 -
Other creditors 14,495 28,506
Theoi Daitioi Ltd - 64,000
History (Guernsey) Ltd - 72,601
10Ten Talent Ltd - 130,000
Once Upon a Time Holdings Ltd 1,025,636 364,035
Accruals and deferred income 119,333 42,072
Directors' loan accounts 25,130 -
1,880,565 965,074
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,765 20,765
Other loans 1,566,000 1,432,696
1,576,765 1,453,461
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 137 144
Page 5
Page 6
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr Thomas Sellers 346,721 266,368 (616,718 ) - (3,629 )
The above loan was repaid in full by the 23rd October 2023.
11. Reserves
Revaluation Reserve
£
As at 1 June 2023 357,320
As at 31 May 2024 357,320
Page 6