Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 04804485 Mrs Janette Buckley Mr John Buckley Mr John Buckley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04804485 2023-06-30 04804485 2024-06-30 04804485 2023-07-01 2024-06-30 04804485 frs-core:CurrentFinancialInstruments 2024-06-30 04804485 frs-core:Non-currentFinancialInstruments 2024-06-30 04804485 frs-core:NetGoodwill 2024-06-30 04804485 frs-core:NetGoodwill 2023-07-01 2024-06-30 04804485 frs-core:NetGoodwill 2023-06-30 04804485 frs-core:PlantMachinery 2024-06-30 04804485 frs-core:PlantMachinery 2023-07-01 2024-06-30 04804485 frs-core:PlantMachinery 2023-06-30 04804485 frs-core:ShareCapital 2024-06-30 04804485 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 04804485 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04804485 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 04804485 frs-bus:SmallEntities 2023-07-01 2024-06-30 04804485 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04804485 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04804485 frs-bus:Director1 2023-07-01 2024-06-30 04804485 frs-bus:Director1 2023-06-30 04804485 frs-bus:Director1 2024-06-30 04804485 frs-bus:Director2 2023-07-01 2024-06-30 04804485 frs-bus:Director2 2023-06-30 04804485 frs-bus:Director2 2024-06-30 04804485 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 04804485 frs-countries:EnglandWales 2023-07-01 2024-06-30 04804485 2022-06-30 04804485 2023-06-30 04804485 2022-07-01 2023-06-30 04804485 frs-core:CurrentFinancialInstruments 2023-06-30 04804485 frs-core:Non-currentFinancialInstruments 2023-06-30 04804485 frs-core:ShareCapital 2023-06-30 04804485 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 04804485
Fusilier Inns Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Melrose (UK) Ltd
8 St. Mary Street
Thornbury
Bristol
BS35 2AB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04804485
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 18,669 21,002
Tangible Assets 5 34,565 31,657
53,234 52,659
CURRENT ASSETS
Stocks 6 3,800 14,800
Debtors 7 219,184 312,892
Cash at bank and in hand 238,273 188,943
461,257 516,635
Creditors: Amounts Falling Due Within One Year 8 (194,269 ) (221,069 )
NET CURRENT ASSETS (LIABILITIES) 266,988 295,566
TOTAL ASSETS LESS CURRENT LIABILITIES 320,222 348,225
Creditors: Amounts Falling Due After More Than One Year 9 (9,640 ) (19,908 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,604 ) (6,965 )
NET ASSETS 302,978 321,352
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 302,878 321,252
SHAREHOLDERS' FUNDS 302,978 321,352
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
Mrs Janette Buckley
Director
26/03/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Fusilier Inns Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04804485 . The registered office is The Navy Inn, 34 Southside Street, The Barbican Plymouth, Devon, PL1 2LE.
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 10 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 20% straight line
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.
2.6. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 10)
10 10
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 23,329
As at 30 June 2024 23,329
Amortisation
As at 1 July 2023 2,327
Provided during the period 2,333
As at 30 June 2024 4,660
Net Book Value
As at 30 June 2024 18,669
As at 1 July 2023 21,002
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 July 2023 38,821
Additions 10,962
As at 30 June 2024 49,783
Depreciation
As at 1 July 2023 7,164
Provided during the period 8,054
As at 30 June 2024 15,218
Net Book Value
As at 30 June 2024 34,565
As at 1 July 2023 31,657
6. Stocks
2024 2023
£ £
Stock 3,800 14,800
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Page 5
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 183,442 241,408
Due after more than one year
Other debtors 35,742 71,484
219,184 312,892
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 21,104 21,039
Bank loans and overdrafts 10,236 10,016
Other creditors 10,010 14,171
Taxation and social security 152,919 175,843
194,269 221,069
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,640 19,908
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mrs Janette Buckley 105,903 - 46,303 - 59,600
Mr John Buckley 105,903 - 46,303 - 59,600
The above loan is unsecured, interest free and repayable on demand.
12. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 105,904 -
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