Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 10550962 Mr Lawrence Gomez iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10550962 2023-07-31 10550962 2024-07-31 10550962 2023-08-01 2024-07-31 10550962 frs-core:CurrentFinancialInstruments 2024-07-31 10550962 frs-core:Non-currentFinancialInstruments 2024-07-31 10550962 frs-core:FurnitureFittings 2024-07-31 10550962 frs-core:FurnitureFittings 2023-08-01 2024-07-31 10550962 frs-core:FurnitureFittings 2023-07-31 10550962 frs-core:PlantMachinery 2024-07-31 10550962 frs-core:PlantMachinery 2023-08-01 2024-07-31 10550962 frs-core:PlantMachinery 2023-07-31 10550962 frs-core:ShareCapital 2024-07-31 10550962 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 10550962 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10550962 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 10550962 frs-bus:SmallEntities 2023-08-01 2024-07-31 10550962 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10550962 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 10550962 frs-bus:Director1 2023-08-01 2024-07-31 10550962 frs-bus:Director1 2023-07-31 10550962 frs-bus:Director1 2024-07-31 10550962 frs-countries:EnglandWales 2023-08-01 2024-07-31 10550962 2022-07-31 10550962 2023-07-31 10550962 2022-08-01 2023-07-31 10550962 frs-core:CurrentFinancialInstruments 2023-07-31 10550962 frs-core:Non-currentFinancialInstruments 2023-07-31 10550962 frs-core:ShareCapital 2023-07-31 10550962 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 10550962 frs-core:CurrentFinancialInstruments 1 2023-07-31
Registered number: 10550962
Papa L's Kitchen Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Kennedys Accounting Limited
160 Eureka Park
Kennington
Ashford
Kent
TN25 4AZ
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 10550962
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,350 11,539
6,350 11,539
CURRENT ASSETS
Debtors 5 186,012 169,802
Cash at bank and in hand 2,758 2,894
188,770 172,696
Creditors: Amounts Falling Due Within One Year 6 (186,479 ) (170,288 )
NET CURRENT ASSETS (LIABILITIES) 2,291 2,408
TOTAL ASSETS LESS CURRENT LIABILITIES 8,641 13,947
Creditors: Amounts Falling Due After More Than One Year 7 (7,416 ) (11,690 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,207 ) (2,193 )
NET ASSETS 18 64
CAPITAL AND RESERVES
Called up share capital 8 1 1
Income Statement 17 63
SHAREHOLDERS' FUNDS 18 64
Page 1
Page 2
For the year ending 31 July 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 Income Statement.
On behalf of the board
Mr Lawrence Gomez
Director
12/05/2025
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
Papa L's Kitchen Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10550962 . The registered office is 160 Eureka Park, Kennington, Ashford, Kent, TN25 4AZ.
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:
Plant & Machinery 25% reducing balance
Fixtures & Fittings 20% straight line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 12)
12 12
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2023 4,574 23,043 27,617
As at 31 July 2024 4,574 23,043 27,617
Depreciation
As at 1 August 2023 2,252 13,826 16,078
Provided during the period 580 4,609 5,189
As at 31 July 2024 2,832 18,435 21,267
Net Book Value
As at 31 July 2024 1,742 4,608 6,350
As at 1 August 2023 2,322 9,217 11,539
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,646 250
Other debtors 43,746 6,149
S455 debtor - 41,232
Director's loan account 129,620 122,171
186,012 169,802
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 739 352
Bank loans and overdrafts 4,000 3,667
Other loans - 36,014
Corporation tax 67,408 51,413
Other taxes and social security 10,496 5,078
VAT 98,025 67,740
Net wages 5,487 6,024
Accruals and deferred income 324 -
186,479 170,288
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,416 11,690
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Lawrence Gomez 122,171 59,743 (52,294 ) - 129,620
The above loan is unsecured, interest free and repayable on demand.
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