Acorah Software Products - Accounts Production 16.0.110 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 11421813 Mr Sean Murphy Mr Philip Newbould Mr Charles Reardon-Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11421813 2023-05-31 11421813 2024-05-31 11421813 2023-06-01 2024-05-31 11421813 frs-core:CurrentFinancialInstruments 2024-05-31 11421813 frs-core:Non-currentFinancialInstruments 2024-05-31 11421813 frs-core:ComputerEquipment 2024-05-31 11421813 frs-core:ComputerEquipment 2023-06-01 2024-05-31 11421813 frs-core:ComputerEquipment 2023-05-31 11421813 frs-core:FurnitureFittings 2024-05-31 11421813 frs-core:FurnitureFittings 2023-06-01 2024-05-31 11421813 frs-core:FurnitureFittings 2023-05-31 11421813 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-31 11421813 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 11421813 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-31 11421813 frs-core:PlantMachinery 2024-05-31 11421813 frs-core:PlantMachinery 2023-06-01 2024-05-31 11421813 frs-core:PlantMachinery 2023-05-31 11421813 frs-core:ShareCapital 2024-05-31 11421813 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 11421813 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11421813 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 11421813 frs-bus:SmallEntities 2023-06-01 2024-05-31 11421813 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11421813 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11421813 frs-bus:Director1 2023-06-01 2024-05-31 11421813 frs-bus:Director2 2023-06-01 2024-05-31 11421813 frs-bus:Director2 2023-05-31 11421813 frs-bus:Director2 2024-05-31 11421813 frs-bus:Director3 2023-06-01 2024-05-31 11421813 frs-countries:EnglandWales 2023-06-01 2024-05-31 11421813 2022-05-31 11421813 2023-05-31 11421813 2022-06-01 2023-05-31 11421813 frs-core:CurrentFinancialInstruments 2023-05-31 11421813 frs-core:Non-currentFinancialInstruments 2023-05-31 11421813 frs-core:ShareCapital 2023-05-31 11421813 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 11421813
Suburban Taps Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Xeinadin South Wales & West Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11421813
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 42,140 45,910
42,140 45,910
CURRENT ASSETS
Stocks 5 10,378 10,378
Debtors 6 24,110 9,512
Cash at bank and in hand 73,751 58,917
108,239 78,807
Creditors: Amounts Falling Due Within One Year 7 (70,108 ) (59,017 )
NET CURRENT ASSETS (LIABILITIES) 38,131 19,790
TOTAL ASSETS LESS CURRENT LIABILITIES 80,271 65,700
Creditors: Amounts Falling Due After More Than One Year 8 (46,763 ) (52,058 )
NET ASSETS 33,508 13,642
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 33,408 13,542
SHAREHOLDERS' FUNDS 33,508 13,642
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For the year ending 31 May 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 Sean Murphy
Director
Mr Philip Newbould
Director
Mr Charles Reardon-Smith
Director
19/02/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Suburban Taps Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11421813 . The registered office is 14 St Josephs Mews, Penarth, CF64 1NP.
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 2% Straight Line
Plant & Machinery 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
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.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 27,450 528 55,521 2,834 86,333
Additions - 1,499 773 - 2,272
As at 31 May 2024 27,450 2,027 56,294 2,834 88,605
Depreciation
As at 1 June 2023 1,237 231 37,605 1,350 40,423
Provided during the period 549 449 4,673 371 6,042
As at 31 May 2024 1,786 680 42,278 1,721 46,465
Net Book Value
As at 31 May 2024 25,664 1,347 14,016 1,113 42,140
As at 1 June 2023 26,213 297 17,916 1,484 45,910
5. Stocks
2024 2023
£ £
Stock 10,378 10,378
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 9,110 8,396
Prepayments and accrued income 8,321 1,116
Other debtors 4,000 -
Directors' loan accounts 2,679 -
24,110 9,512
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 37,434 20,832
Other taxes and social security 3,210 2,399
VAT 14,091 13,785
Net wages 7,539 5,754
Other creditors 600 584
Accrued expenses 7,234 10,648
Directors' loan accounts - 5,015
70,108 59,017
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 46,763 52,058
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors: 
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr Philip Newbould 5,015 7,693 - - 2,678
The above loan is unsecured, interest free and repayable on demand.
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