Acorah Software Products - Accounts Production 16.2.850 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 08198051 Mr Sarah Barnaville Martin Barnaville Philip Barnaville iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08198051 2023-08-31 08198051 2024-08-31 08198051 2023-09-01 2024-08-31 08198051 frs-core:CurrentFinancialInstruments 2024-08-31 08198051 frs-core:Non-currentFinancialInstruments 2024-08-31 08198051 frs-core:FurnitureFittings 2024-08-31 08198051 frs-core:FurnitureFittings 2023-09-01 2024-08-31 08198051 frs-core:FurnitureFittings 2023-08-31 08198051 frs-core:PlantMachinery 2024-08-31 08198051 frs-core:PlantMachinery 2023-09-01 2024-08-31 08198051 frs-core:PlantMachinery 2023-08-31 08198051 frs-core:ShareCapital 2024-08-31 08198051 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 08198051 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08198051 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 08198051 frs-bus:SmallEntities 2023-09-01 2024-08-31 08198051 frs-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 08198051 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08198051 frs-bus:Director1 2023-09-01 2024-08-31 08198051 frs-bus:Director1 2023-08-31 08198051 frs-bus:Director1 2024-08-31 08198051 frs-bus:Director2 2023-09-01 2024-08-31 08198051 frs-bus:Director3 2023-09-01 2024-08-31 08198051 frs-bus:Director3 2023-08-31 08198051 frs-bus:Director3 2024-08-31 08198051 frs-countries:EnglandWales 2023-09-01 2024-08-31 08198051 2022-08-31 08198051 2023-08-31 08198051 2022-09-01 2023-08-31 08198051 frs-core:CurrentFinancialInstruments 2023-08-31 08198051 frs-core:Non-currentFinancialInstruments 2023-08-31 08198051 frs-core:ShareCapital 2023-08-31 08198051 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 08198051
The Village Inn at Marehay Limited
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Accountants' Report 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of The Village Inn at Marehay Limited for the year ended 31 August 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Village Inn at Marehay Limited which comprise the Income Statement, the Statement of Financial Position and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of The Village Inn at Marehay Limited , as a body, in accordance with the terms of our engagement letter dated 15 November 2018. Our work has been undertaken solely to prepare for your approval the accounts of The Village Inn at Marehay Limited and state those matters that we have agreed to state to the directors of The Village Inn at Marehay Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Village Inn at Marehay Limited and its directors as a body for our work or for this report.
It is your duty to ensure that The Village Inn at Marehay Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of The Village Inn at Marehay Limited . You consider that The Village Inn at Marehay Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of The Village Inn at Marehay Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Cedar + Co.
10/04/2025
Cedar + Co.
Chartered Certified Accountants
The Greenhouse
106-108 Ashbourne Road
Derby
DE22 3AG
Page 1
Page 2
Statement of Financial Position
Registered number: 08198051
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 6,610 7,891
6,610 7,891
CURRENT ASSETS
Stocks 4 3,988 3,505
Debtors 5 2,441 10,321
Cash at bank and in hand 21,195 28,689
27,624 42,515
Creditors: Amounts Falling Due Within One Year 6 (18,051 ) (43,074 )
NET CURRENT ASSETS (LIABILITIES) 9,573 (559 )
TOTAL ASSETS LESS CURRENT LIABILITIES 16,183 7,332
Creditors: Amounts Falling Due After More Than One Year 7 (28,943 ) (34,433 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,256 ) (1,499 )
NET LIABILITIES (14,016 ) (28,600 )
CAPITAL AND RESERVES
Called up share capital 8 90 90
Income Statement (14,106 ) (28,690 )
SHAREHOLDERS' FUNDS (14,016) (28,600)
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Page 3
For the year ending 31 August 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 Income Statement.
On behalf of the board
Philip Barnaville
Director
10/04/2025
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Going Concern Disclosure
The directors consider that the company will continue to operate based on the current financial information and continued support of the bank and directors. On this basis the directors consider it appropriate to prepare the accounts on a going concern basis.
1.3. 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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
1.4. 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% on reducing balance
Fixtures & Fittings 15% on reducing balance
1.5. 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.
1.6. 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 year 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 16 14
16 14
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3. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2023 19,816 22,116 41,932
As at 31 August 2024 19,816 22,116 41,932
Depreciation
As at 1 September 2023 17,858 16,183 34,041
Provided during the period 391 890 1,281
As at 31 August 2024 18,249 17,073 35,322
Net Book Value
As at 31 August 2024 1,567 5,043 6,610
As at 1 September 2023 1,958 5,933 7,891
4. Stocks
2024 2023
£ £
Stock 3,988 3,505
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,441 9,334
Other debtors - 987
2,441 10,321
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,503 29,943
Bank loans and overdrafts 5,490 5,491
Other creditors 8,866 7,621
Taxation and social security 2,192 19
18,051 43,074
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 28,943 34,433
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 90 90
9. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Martin Barnaville - - 2,800 - 2,800
Mr Philip Barnaville 5,216 (1,625 ) - - 3,591
The above loan is unsecured, interest free and repayable on demand.
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