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Registered number: 14580258
Restore Pub Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
AP Accounting Solutions Limited
The Mill House
Erw Hir
Llantrisant
Pontyclun
CF72 8BY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14580258
31 January 2025 31 January 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 19,000 19,500
Tangible Assets 5 6,557 1,981
25,557 21,481
CURRENT ASSETS
Stocks 6 5,006 3,758
Debtors 7 - 27,469
Cash at bank and in hand 33,391 11,637
38,397 42,864
Creditors: Amounts Falling Due Within One Year 8 (28,245 ) (33,417 )
NET CURRENT ASSETS (LIABILITIES) 10,152 9,447
TOTAL ASSETS LESS CURRENT LIABILITIES 35,709 30,928
NET ASSETS 35,709 30,928
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 35,707 30,926
SHAREHOLDERS' FUNDS 35,709 30,928
Page 1
Page 2
For the year ending 31 January 2025 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
Miss Monika Zakrzewska
Director
22/05/2025
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
Restore Pub Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14580258 . The registered office is The Three Horseshoes Inn, Main Road , Peterson , Super Ely, CF5 6LH.
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 15% Straight Line
Fixtures & Fittings 15% Straight Line
Computer Equipment 25% Straight Line
2.5. 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.
2.6. 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 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.
...CONTINUED
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2.6. Taxation - continued
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: 17 (2024: 14)
17 14
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2024 20,000
As at 31 January 2025 20,000
Amortisation
As at 1 February 2024 500
Provided during the period 500
As at 31 January 2025 1,000
Net Book Value
As at 31 January 2025 19,000
As at 1 February 2024 19,500
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2024 1,667 200 573 2,440
Additions 5,475 - - 5,475
As at 31 January 2025 7,142 200 573 7,915
Depreciation
As at 1 February 2024 271 33 155 459
Provided during the period 725 30 144 899
As at 31 January 2025 996 63 299 1,358
Net Book Value
As at 31 January 2025 6,146 137 274 6,557
As at 1 February 2024 1,396 167 418 1,981
Page 4
Page 5
6. Stocks
31 January 2025 31 January 2024
£ £
Stock 5,006 3,758
7. Debtors
31 January 2025 31 January 2024
£ £
Due within one year
Other debtors - 27,469
8. Creditors: Amounts Falling Due Within One Year
31 January 2025 31 January 2024
£ £
Trade creditors 9,005 4,593
Corporation tax 282 9,515
Other taxes and social security 855 818
VAT 11,704 14,334
Net wages 1,026 2,524
Pension Creditor 91 42
Accruals and deferred income 473 1,589
Directors' loan accounts 4,809 2
28,245 33,417
9. Share Capital
31 January 2025 31 January 2024
£ £
Allotted, Called up and fully paid 2 2
10. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans to directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Miss Monika Zakrzewska (2 ) 61,389 66,196 - (4,809 )
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
31 January 2025 31 January 2024
£ £
Mr Nathan Ali - 5,560
Miss Monika Zakrzewska 500 5,560
Page 5