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 11688927 Mr Paris Oxinou iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11688927 2023-05-31 11688927 2024-05-31 11688927 2023-06-01 2024-05-31 11688927 frs-core:CurrentFinancialInstruments 2024-05-31 11688927 frs-core:Non-currentFinancialInstruments 2024-05-31 11688927 frs-core:ComputerEquipment 2024-05-31 11688927 frs-core:ComputerEquipment 2023-06-01 2024-05-31 11688927 frs-core:ComputerEquipment 2023-05-31 11688927 frs-core:FurnitureFittings 2024-05-31 11688927 frs-core:FurnitureFittings 2023-06-01 2024-05-31 11688927 frs-core:FurnitureFittings 2023-05-31 11688927 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-31 11688927 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 11688927 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-31 11688927 frs-core:ShareCapital 2024-05-31 11688927 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 11688927 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11688927 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 11688927 frs-bus:SmallEntities 2023-06-01 2024-05-31 11688927 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11688927 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11688927 frs-bus:Director1 2023-06-01 2024-05-31 11688927 frs-countries:EnglandWales 2023-06-01 2024-05-31 11688927 2022-05-31 11688927 2023-05-31 11688927 2022-06-01 2023-05-31 11688927 frs-core:CurrentFinancialInstruments 2023-05-31 11688927 frs-core:Non-currentFinancialInstruments 2023-05-31 11688927 frs-core:ShareCapital 2023-05-31 11688927 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 11688927
Bar Uzo Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11688927
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 68,665 70,102
68,665 70,102
CURRENT ASSETS
Debtors 5 22,379 33,032
Cash at bank and in hand 15,963 1,925
38,342 34,957
Creditors: Amounts Falling Due Within One Year 6 (86,161 ) (94,928 )
NET CURRENT ASSETS (LIABILITIES) (47,819 ) (59,971 )
TOTAL ASSETS LESS CURRENT LIABILITIES 20,846 10,131
Creditors: Amounts Falling Due After More Than One Year 7 (2,211 ) (4,398 )
NET ASSETS 18,635 5,733
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 18,535 5,633
SHAREHOLDERS' FUNDS 18,635 5,733
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 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.
On behalf of the board
Mr Paris Oxinou
Director
12 February 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
United Kingdom
The principal place of business is:
48 Southside Street
Plymouth
Devon
PL1 2JT
United Kingdom
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
2.2. Turnover
Turnover comprises the fair value of the consideration received from short term rentals of holiday accomodation in the ordinary course of the company’s activities of running a rental accomodation. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue at the point of sale of services.
2.3. Tangible Fixed Assets and Depreciation
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Leasehold 2% straight line
Fixtures & Fittings 15% reducing balance
Computer Equipment 33% straight line
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2.4. 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.
2.5. Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 65,464 10,038 304 75,806
Additions - 960 - 960
As at 31 May 2024 65,464 10,998 304 76,766
Depreciation
As at 1 June 2023 2,614 2,786 304 5,704
Provided during the period 1,309 1,088 - 2,397
As at 31 May 2024 3,923 3,874 304 8,101
Net Book Value
As at 31 May 2024 61,541 7,124 - 68,665
As at 1 June 2023 62,850 7,252 - 70,102
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5. Debtors
2024 2023
£ £
Due within one year
Other debtors 22,379 33,032
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 174
Bank loans and overdrafts 2,172 2,184
Other creditors 81,297 92,570
Taxation and social security 2,692 -
86,161 94,928
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,211 4,398
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5