Acorah Software Products - Accounts Production 16.1.200 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 12340199 Mrs Kazi Laboni iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12340199 2023-11-30 12340199 2024-11-30 12340199 2023-12-01 2024-11-30 12340199 frs-core:CurrentFinancialInstruments 2024-11-30 12340199 frs-core:Non-currentFinancialInstruments 2024-11-30 12340199 frs-core:FurnitureFittings 2024-11-30 12340199 frs-core:FurnitureFittings 2023-12-01 2024-11-30 12340199 frs-core:FurnitureFittings 2023-11-30 12340199 frs-core:NetGoodwill 2024-11-30 12340199 frs-core:NetGoodwill 2023-12-01 2024-11-30 12340199 frs-core:NetGoodwill 2023-11-30 12340199 frs-core:MotorVehicles 2024-11-30 12340199 frs-core:MotorVehicles 2023-12-01 2024-11-30 12340199 frs-core:MotorVehicles 2023-11-30 12340199 frs-core:PlantMachinery 2024-11-30 12340199 frs-core:PlantMachinery 2023-12-01 2024-11-30 12340199 frs-core:PlantMachinery 2023-11-30 12340199 frs-core:ShareCapital 2024-11-30 12340199 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 12340199 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 12340199 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 12340199 frs-bus:SmallEntities 2023-12-01 2024-11-30 12340199 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 12340199 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 12340199 frs-bus:Director1 2023-12-01 2024-11-30 12340199 frs-countries:EnglandWales 2023-12-01 2024-11-30 12340199 2022-11-30 12340199 2023-11-30 12340199 2022-12-01 2023-11-30 12340199 frs-core:CurrentFinancialInstruments 2023-11-30 12340199 frs-core:Non-currentFinancialInstruments 2023-11-30 12340199 frs-core:ShareCapital 2023-11-30 12340199 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 12340199
Friendship Convenience Store Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12340199
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,000 2,000
Tangible Assets 5 18,279 23,775
20,279 25,775
CURRENT ASSETS
Stocks 6 96,042 66,236
Cash at bank and in hand 2,912 2,227
98,954 68,463
Creditors: Amounts Falling Due Within One Year 7 (119,206 ) (60,697 )
NET CURRENT ASSETS (LIABILITIES) (20,252 ) 7,766
TOTAL ASSETS LESS CURRENT LIABILITIES 27 33,541
Creditors: Amounts Falling Due After More Than One Year 8 (28,195 ) (43,297 )
NET LIABILITIES (28,168 ) (9,756 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (28,268 ) (9,856 )
SHAREHOLDERS' FUNDS (28,168) (9,756)
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs Kazi Laboni
Director
10/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Friendship Convenience Store Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12340199 . The registered office is 1 Mottram Moor, Mottram, Hyde, Greater Manchester, SK14 6LA.
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 .... years.
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:
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% RBM
Fixtures & Fittings 15% on reducing balance
2.5. 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: 3 (2023: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2023 2,000
As at 30 November 2024 2,000
Net Book Value
As at 30 November 2024 2,000
As at 1 December 2023 2,000
Page 3
Page 4
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 December 2023 6,500 25,723 2,000 34,223
As at 30 November 2024 6,500 25,723 2,000 34,223
Depreciation
As at 1 December 2023 3,061 6,431 956 10,448
Provided during the period 516 4,823 157 5,496
As at 30 November 2024 3,577 11,254 1,113 15,944
Net Book Value
As at 30 November 2024 2,923 14,469 887 18,279
As at 1 December 2023 3,439 19,292 1,044 23,775
6. Stocks
2024 2023
£ £
Finished goods 96,042 66,236
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,859 4,351
Corporation tax 21,482 21,862
Other taxes and social security 6,069 106
VAT 9,474 6,542
Net wages 3,821 -
Other creditors 28,285 -
Accruals and deferred income 1,920 1,920
Director's loan account 36,296 25,916
119,206 60,697
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 19,553 30,609
Other loans 8,642 12,688
28,195 43,297
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4