Acorah Software Products - Accounts Production 16.1.300 false true 2 July 2023 4 July 2022 false 3 July 2023 30 June 2024 30 June 2024 12640597 Mr Matthew Cleevely Mr Richard Holmes Mr Anthony Jenking Mr Benjamin Peverelli iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12640597 2023-07-02 12640597 2024-06-30 12640597 2023-07-03 2024-06-30 12640597 frs-core:CurrentFinancialInstruments 2024-06-30 12640597 frs-core:Non-currentFinancialInstruments 2024-06-30 12640597 frs-core:ComputerEquipment 2024-06-30 12640597 frs-core:ComputerEquipment 2023-07-03 2024-06-30 12640597 frs-core:ComputerEquipment 2023-07-02 12640597 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-30 12640597 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-03 2024-06-30 12640597 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-02 12640597 frs-core:FurnitureFittings 2024-06-30 12640597 frs-core:FurnitureFittings 2023-07-03 2024-06-30 12640597 frs-core:FurnitureFittings 2023-07-02 12640597 frs-core:NetGoodwill 2024-06-30 12640597 frs-core:NetGoodwill 2023-07-03 2024-06-30 12640597 frs-core:NetGoodwill 2023-07-02 12640597 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 12640597 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-03 2024-06-30 12640597 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-02 12640597 frs-core:MotorVehicles 2023-07-03 2024-06-30 12640597 frs-core:PlantMachinery 2024-06-30 12640597 frs-core:PlantMachinery 2023-07-03 2024-06-30 12640597 frs-core:PlantMachinery 2023-07-02 12640597 frs-core:ShareCapital 2024-06-30 12640597 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12640597 frs-bus:PrivateLimitedCompanyLtd 2023-07-03 2024-06-30 12640597 frs-bus:FilletedAccounts 2023-07-03 2024-06-30 12640597 frs-bus:SmallEntities 2023-07-03 2024-06-30 12640597 frs-bus:AuditExempt-NoAccountantsReport 2023-07-03 2024-06-30 12640597 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-03 2024-06-30 12640597 frs-bus:Director1 2023-07-03 2024-06-30 12640597 frs-bus:Director2 2023-07-03 2024-06-30 12640597 frs-bus:Director3 2023-07-03 2024-06-30 12640597 frs-bus:Director4 2023-07-03 2024-06-30 12640597 frs-core:CurrentFinancialInstruments 2 2024-06-30 12640597 frs-countries:EnglandWales 2023-07-03 2024-06-30 12640597 2022-07-03 12640597 2023-07-02 12640597 2022-07-04 2023-07-02 12640597 frs-core:CurrentFinancialInstruments 2023-07-02 12640597 frs-core:Non-currentFinancialInstruments 2023-07-02 12640597 frs-core:ShareCapital 2023-07-02 12640597 frs-core:RetainedEarningsAccumulatedLosses 2023-07-02 12640597 frs-core:CurrentFinancialInstruments 2 2023-07-02
Registered number: 12640597
MBB Pubs Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
ETC Finance LTD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12640597
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 41,826 43,825
Tangible Assets 5 43,323 35,417
85,149 79,242
CURRENT ASSETS
Stocks 6 34,000 36,000
Debtors 7 19,487 12,890
Cash at bank and in hand 50,112 38,984
103,599 87,874
Creditors: Amounts Falling Due Within One Year 8 (691,135 ) (509,660 )
NET CURRENT ASSETS (LIABILITIES) (587,536 ) (421,786 )
TOTAL ASSETS LESS CURRENT LIABILITIES (502,387 ) (342,544 )
Creditors: Amounts Falling Due After More Than One Year 9 (201,768 ) (200,452 )
NET LIABILITIES (704,155 ) (542,996 )
CAPITAL AND RESERVES
Called up share capital 10 110,002 110,000
Profit and Loss Account (814,157 ) (652,996 )
SHAREHOLDERS' FUNDS (704,155) (542,996)
Page 1
Page 2
For the year ending 30 June 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 Richard Holmes
Director
19/11/2024
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
MBB Pubs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12640597 . The registered office is 10 Peas Hill, Cambridge, CB2 3PP.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of the length of the lease.
2.4. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.5. 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 Length of lease
Plant & Machinery 9
Motor Vehicles 5
Fixtures & Fittings 3
Computer Equipment 3
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 56 (2023: 54)
56 54
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Page 4
4. Intangible Assets
Goodwill Development Costs Total
£ £ £
Cost
As at 3 July 2023 45,000 4,991 49,991
As at 30 June 2024 45,000 4,991 49,991
Amortisation
As at 3 July 2023 5,550 616 6,166
Provided during the period 1,800 199 1,999
As at 30 June 2024 7,350 815 8,165
Net Book Value
As at 30 June 2024 37,650 4,176 41,826
As at 3 July 2023 39,450 4,375 43,825
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 3 July 2023 1,000 10,080 35,443 4,090 50,613
Additions - 11,091 2,258 - 13,349
As at 30 June 2024 1,000 21,171 37,701 4,090 63,962
Depreciation
As at 3 July 2023 171 1,230 10,348 3,447 15,196
Provided during the period 56 1,767 3,620 - 5,443
As at 30 June 2024 227 2,997 13,968 3,447 20,639
Net Book Value
As at 30 June 2024 773 18,174 23,733 643 43,323
As at 3 July 2023 829 8,850 25,095 643 35,417
6. Stocks
2024 2023
£ £
Stock - Food 12,000 12,500
Stock - Beverage 22,000 23,500
34,000 36,000
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Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1 -
Prepayments and accrued income 19,486 12,890
19,487 12,890
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 91,325 94,298
Bank loans and overdrafts 233,194 -
Other taxes and social security 120,076 13,059
VAT 180,659 201,980
Net wages 890 3,648
Rents - Savills - Cheffins - 130,225
Service Charge 3,385 -
Accruals and deferred income 61,606 66,450
691,135 509,660
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Loan - Investors 201,768 200,452
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 110,002 110,000
Page 5