Acorah Software Products - Accounts Production 16.3.350 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 05285100 Mr Dave Haskins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05285100 2023-11-30 05285100 2024-11-30 05285100 2023-12-01 2024-11-30 05285100 frs-core:CurrentFinancialInstruments 2024-11-30 05285100 frs-core:Non-currentFinancialInstruments 2024-11-30 05285100 frs-core:ComputerEquipment 2024-11-30 05285100 frs-core:ComputerEquipment 2023-12-01 2024-11-30 05285100 frs-core:ComputerEquipment 2023-11-30 05285100 frs-core:FurnitureFittings 2024-11-30 05285100 frs-core:FurnitureFittings 2023-12-01 2024-11-30 05285100 frs-core:FurnitureFittings 2023-11-30 05285100 frs-core:NetGoodwill 2024-11-30 05285100 frs-core:NetGoodwill 2023-12-01 2024-11-30 05285100 frs-core:NetGoodwill 2023-11-30 05285100 frs-core:MotorVehicles 2024-11-30 05285100 frs-core:MotorVehicles 2023-12-01 2024-11-30 05285100 frs-core:MotorVehicles 2023-11-30 05285100 frs-core:PlantMachinery 2024-11-30 05285100 frs-core:PlantMachinery 2023-12-01 2024-11-30 05285100 frs-core:PlantMachinery 2023-11-30 05285100 frs-core:WithinOneYear 2024-11-30 05285100 frs-core:ShareCapital 2024-11-30 05285100 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 05285100 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 05285100 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 05285100 frs-bus:SmallEntities 2023-12-01 2024-11-30 05285100 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 05285100 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 05285100 frs-bus:Director1 2023-12-01 2024-11-30 05285100 frs-countries:EnglandWales 2023-12-01 2024-11-30 05285100 2022-11-30 05285100 2023-11-30 05285100 2022-12-01 2023-11-30 05285100 frs-core:CurrentFinancialInstruments 2023-11-30 05285100 frs-core:Non-currentFinancialInstruments 2023-11-30 05285100 frs-core:WithinOneYear 2023-11-30 05285100 frs-core:ShareCapital 2023-11-30 05285100 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 05285100
Michelangelos Restaurant (Buxton) Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05285100
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 7,180
Tangible Assets 5 19,172 9,476
19,172 16,656
CURRENT ASSETS
Stocks 6 3,068 2,684
Debtors 7 1,795 2,115
Cash at bank and in hand 33,603 44,651
38,466 49,450
Creditors: Amounts Falling Due Within One Year 8 (20,224 ) (18,455 )
NET CURRENT ASSETS (LIABILITIES) 18,242 30,995
TOTAL ASSETS LESS CURRENT LIABILITIES 37,414 47,651
Creditors: Amounts Falling Due After More Than One Year 9 (10,484 ) (6,695 )
NET ASSETS 26,930 40,956
CAPITAL AND RESERVES
Called up share capital 11 110 110
Profit and Loss Account 26,820 40,846
SHAREHOLDERS' FUNDS 26,930 40,956
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 his 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 Dave Haskins
Director
7 May 2025
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
Michelangelos Restaurant (Buxton) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05285100 . The registered office is 7 St. Petersgate, Stockport, Cheshire, SK1 1EB.
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 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 33% on cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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: 11 (2023: 10)
11 10
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Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2023 143,600
As at 30 November 2024 143,600
Amortisation
As at 1 December 2023 136,420
Provided during the period 7,180
As at 30 November 2024 143,600
Net Book Value
As at 30 November 2024 -
As at 1 December 2023 7,180
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2023 10,688 2,995 21,341 1,887 36,911
Additions - 14,500 - - 14,500
As at 30 November 2024 10,688 17,495 21,341 1,887 51,411
Depreciation
As at 1 December 2023 7,438 2,843 15,294 1,860 27,435
Provided during the period 812 3,059 907 26 4,804
As at 30 November 2024 8,250 5,902 16,201 1,886 32,239
Net Book Value
As at 30 November 2024 2,438 11,593 5,140 1 19,172
As at 1 December 2023 3,250 152 6,047 27 9,476
6. Stocks
2024 2023
£ £
Stock 3,068 2,684
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,795 2,115
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,400 -
Trade creditors 2,444 1,536
Bank loans and overdrafts 3,900 3,900
Credit card account 5 4
Other creditors 3,850 5,952
Taxation and social security 7,625 7,063
20,224 18,455
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,684 6,695
Hire purchase 7,800 -
10,484 6,695
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,400 -
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 110 110
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