Acorah Software Products - Accounts Production 16.1.300 false true true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 08309265 Mr S G Dickens Mrs G Dickens iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08309265 2023-11-30 08309265 2024-11-30 08309265 2023-12-01 2024-11-30 08309265 frs-core:CurrentFinancialInstruments 2024-11-30 08309265 frs-core:Non-currentFinancialInstruments 2024-11-30 08309265 frs-core:FurnitureFittings 2024-11-30 08309265 frs-core:FurnitureFittings 2023-12-01 2024-11-30 08309265 frs-core:FurnitureFittings 2023-11-30 08309265 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-11-30 08309265 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 08309265 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-30 08309265 frs-core:ShareCapital 2024-11-30 08309265 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 08309265 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 08309265 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 08309265 frs-bus:SmallEntities 2023-12-01 2024-11-30 08309265 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 08309265 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 08309265 frs-bus:Director1 2023-12-01 2024-11-30 08309265 frs-bus:Director2 2023-12-01 2024-11-30 08309265 frs-countries:EnglandWales 2023-12-01 2024-11-30 08309265 2022-11-30 08309265 2023-11-30 08309265 2022-12-01 2023-11-30 08309265 frs-core:CurrentFinancialInstruments 2023-11-30 08309265 frs-core:Non-currentFinancialInstruments 2023-11-30 08309265 frs-core:ShareCapital 2023-11-30 08309265 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 08309265
SGD Restaurants Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08309265
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,653 15,291
4,653 15,291
CURRENT ASSETS
Stocks 5 3,889 9,810
Debtors 6 39,870 54,606
Cash at bank and in hand 102,558 49,396
146,317 113,812
Creditors: Amounts Falling Due Within One Year 7 (70,065 ) (66,038 )
NET CURRENT ASSETS (LIABILITIES) 76,252 47,774
TOTAL ASSETS LESS CURRENT LIABILITIES 80,905 63,065
Creditors: Amounts Falling Due After More Than One Year 8 (134,416 ) (174,416 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,905 ) -
NET LIABILITIES (56,416 ) (111,351 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (56,516 ) (111,451 )
SHAREHOLDERS' FUNDS (56,416) (111,351)
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For the year ending 30 November 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 S G Dickens
Director
6 February 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
SGD Restaurants Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08309265 . The registered office is 2 The Old Estate Yard High Street, East Hendred, Wantage, Oxfordshire, OX12 8JY.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
The company continues to be reliant on the support of the directors who have confirmed that the company will continue to operate, with their financial assistance as appropriate. The acounts have therefore been prepared on a going concern basis.
2.3. 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. 
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. 
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:
Leasehold Depreciated over life of lease
Fixtures & Fittings 50% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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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2.7. 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 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 26 (2023: 19)
26 19
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 December 2023 53,936 221,976 275,912
As at 30 November 2024 53,936 221,976 275,912
Depreciation
As at 1 December 2023 53,936 206,685 260,621
Provided during the period - 10,638 10,638
As at 30 November 2024 53,936 217,323 271,259
Net Book Value
As at 30 November 2024 - 4,653 4,653
As at 1 December 2023 - 15,291 15,291
5. Stocks
2024 2023
£ £
Stock 3,889 9,810
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6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 14,870 21,989
Other debtors 25,000 25,000
39,870 46,989
Due after more than one year
Deferred tax current asset - 7,617
- 7,617
39,870 54,606
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 18,210 17,198
Corporation tax 4,859 -
Other taxes and social security 8,251 6,737
VAT 19,030 14,522
Other creditors 809 1,425
Accruals and deferred income 18,906 26,156
70,065 66,038
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 57,208 87,208
Directors loan account 77,208 87,208
134,416 174,416
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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