Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 12959355 Mr Edward Walker Mr Graeme Hodge Mr Duncan Parker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12959355 2023-10-31 12959355 2024-10-31 12959355 2023-11-01 2024-10-31 12959355 frs-core:CurrentFinancialInstruments 2024-10-31 12959355 frs-core:Non-currentFinancialInstruments 2024-10-31 12959355 frs-core:ComputerEquipment 2024-10-31 12959355 frs-core:ComputerEquipment 2023-11-01 2024-10-31 12959355 frs-core:ComputerEquipment 2023-10-31 12959355 frs-core:FurnitureFittings 2024-10-31 12959355 frs-core:FurnitureFittings 2023-11-01 2024-10-31 12959355 frs-core:FurnitureFittings 2023-10-31 12959355 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-10-31 12959355 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 12959355 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 12959355 frs-core:PlantMachinery 2024-10-31 12959355 frs-core:PlantMachinery 2023-11-01 2024-10-31 12959355 frs-core:PlantMachinery 2023-10-31 12959355 frs-core:SharePremium 2024-10-31 12959355 frs-core:ShareCapital 2024-10-31 12959355 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 12959355 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12959355 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 12959355 frs-bus:SmallEntities 2023-11-01 2024-10-31 12959355 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12959355 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12959355 frs-core:AcceleratedTaxDepreciationDeferredTax 2024-10-31 12959355 frs-bus:Director1 2023-11-01 2024-10-31 12959355 frs-bus:Director2 2023-11-01 2024-10-31 12959355 frs-bus:Director3 2023-11-01 2024-10-31 12959355 frs-countries:EnglandWales 2023-11-01 2024-10-31 12959355 2022-10-31 12959355 2023-10-31 12959355 2022-11-01 2023-10-31 12959355 frs-core:CurrentFinancialInstruments 2023-10-31 12959355 frs-core:Non-currentFinancialInstruments 2023-10-31 12959355 frs-core:SharePremium 2023-10-31 12959355 frs-core:ShareCapital 2023-10-31 12959355 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12959355 frs-core:AcceleratedTaxDepreciationDeferredTax 2023-10-31
Registered number: 12959355
Fika Catering Co Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12959355
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 150,427 15,693
150,427 15,693
CURRENT ASSETS
Stocks 5 53,966 -
Debtors 6 564,574 221,968
Cash at bank and in hand 54,430 78,828
672,970 300,796
Creditors: Amounts Falling Due Within One Year 7 (646,513 ) (306,395 )
NET CURRENT ASSETS (LIABILITIES) 26,457 (5,599 )
TOTAL ASSETS LESS CURRENT LIABILITIES 176,884 10,094
Creditors: Amounts Falling Due After More Than One Year 8 (29,842 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (22,738 ) (2,752 )
NET ASSETS 124,304 7,342
CAPITAL AND RESERVES
Called up share capital 10 1,197 1,100
Share premium account 143,906 -
Profit and Loss Account (20,799 ) 6,242
SHAREHOLDERS' FUNDS 124,304 7,342
Page 1
Page 2
For the year ending 31 October 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 Edward Walker
Director
06/01/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fika Catering Co Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12959355 . The registered office is 160 Greenvale Road, Eltham, London, SE9 1PQ.
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. 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 20% Straight Line
Plant & Machinery 25% Straight Line
Fixtures & Fittings 20% Straight Line
Computer Equipment 25% Straight Line
2.4. 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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2.5. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 39 (2023: 32)
39 32
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2023 - 12,800 - 6,711 19,511
Additions 63,431 77,113 10,956 5,355 156,855
As at 31 October 2024 63,431 89,913 10,956 12,066 176,366
Depreciation
As at 1 November 2023 - 2,829 - 989 3,818
Provided during the period 7,176 11,345 1,278 2,322 22,121
As at 31 October 2024 7,176 14,174 1,278 3,311 25,939
...CONTINUED
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Net Book Value
As at 31 October 2024 56,255 75,739 9,678 8,755 150,427
As at 1 November 2023 - 9,971 - 5,722 15,693
5. Stocks
2024 2023
£ £
Stock 53,966 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 455,388 198,694
Prepayments and accrued income 53,535 13,011
Other debtors 54,817 10,263
Directors' loan accounts 834 -
564,574 221,968
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 326,968 131,318
Bank loans and overdrafts 50,621 -
Corporation tax - 1,071
Other taxes and social security 44,537 21,878
VAT 143,926 77,014
Other creditors 57,906 54,642
Accruals and deferred income 22,555 11,000
Directors' loan accounts - 9,472
646,513 306,395
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 29,842 -
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9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Accelerated capital allowances 23,543 2,982
Other timing differences (805) (230)
22,738 2,752
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,197 1,100
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