Acorah Software Products - Accounts Production 16.3.350 false true false 13 July 2023 31 July 2024 31 July 2024 SC775692 Mr Rodney Wages Jr Mbm Secretarial Services Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC775692 2023-07-12 SC775692 2024-07-31 SC775692 2023-07-13 2024-07-31 SC775692 frs-core:CurrentFinancialInstruments 2024-07-31 SC775692 frs-core:Non-currentFinancialInstruments 2024-07-31 SC775692 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-13 2024-07-31 SC775692 frs-core:OtherResidualIntangibleAssets 2024-07-31 SC775692 frs-core:OtherResidualIntangibleAssets 2023-07-13 2024-07-31 SC775692 frs-core:OtherResidualIntangibleAssets 2023-07-12 SC775692 frs-core:SharePremium 2024-07-31 SC775692 frs-core:ShareCapital 2024-07-31 SC775692 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 SC775692 frs-bus:PrivateLimitedCompanyLtd 2023-07-13 2024-07-31 SC775692 frs-bus:FilletedAccounts 2023-07-13 2024-07-31 SC775692 frs-bus:SmallEntities 2023-07-13 2024-07-31 SC775692 frs-bus:AuditExempt-NoAccountantsReport 2023-07-13 2024-07-31 SC775692 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-13 2024-07-31 SC775692 frs-bus:Director1 2023-07-13 2024-07-31 SC775692 frs-bus:CompanySecretary1 2023-07-13 2024-07-31 SC775692 frs-countries:Scotland 2023-07-13 2024-07-31
Registered number: SC775692
Avery Restaurant Limited
Unaudited Financial Statements
For the Period 13 July 2023 to 31 July 2024
Sutherland Black
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC775692
31 July 2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 52,999
52,999
CURRENT ASSETS
Debtors 5 2,628
Cash at bank and in hand 3,007
5,635
Creditors: Amounts Falling Due Within One Year 6 (38,304 )
NET CURRENT ASSETS (LIABILITIES) (32,669 )
TOTAL ASSETS LESS CURRENT LIABILITIES 20,330
Creditors: Amounts Falling Due After More Than One Year 7 (100,000 )
NET LIABILITIES (79,670 )
CAPITAL AND RESERVES
Called up share capital 8 105
Share premium account 129,993
Profit and Loss Account (209,768 )
SHAREHOLDERS' FUNDS (79,670)
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For the period 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 Profit and Loss Account.
On behalf of the board
Mr Rodney Wages Jr
Director
11/04/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Avery Restaurant Limited is a private company, limited by shares, incorporated in Scotland, registered number SC775692 . The registered office is 54 St Stephen Street, Edinburgh, EH3 5AL.
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 - Other Intangible
The intangible asset is a Lease Premium. It is amortised to profit and loss account over its estimated economic life of 10 years.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 4
4
4. Intangible Assets
Other
£
Cost
As at 13 July 2023 -
Additions 58,348
As at 31 July 2024 58,348
Amortisation
As at 13 July 2023 -
Provided during the period 5,349
As at 31 July 2024 5,349
...CONTINUED
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Net Book Value
As at 31 July 2024 52,999
As at 13 July 2023 -
5. Debtors
31 July 2024
£
Due within one year
Other debtors 2,628
6. Creditors: Amounts Falling Due Within One Year
31 July 2024
£
Trade creditors 8,227
Other creditors 26,240
Taxation and social security 3,837
38,304
7. Creditors: Amounts Falling Due After More Than One Year
31 July 2024
£
Other creditors 100,000
8. Share Capital
31 July 2024
£
Allotted, Called up and fully paid 105
9. Related Party Transactions
During the year, the director, Rodney Wages Jnr, advanced a loan of £100,000 to the company under a formal agreement. The loan is unsecured, non-interest-bearing, and is repayable either within one year or upon a sale or other exit event involving the business, whichever occurs sooner. At the balance sheet date, the outstanding balance on the loan was £100,000.
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