Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 09728058 N Flanagan J F Fitzgerald R Meijer H J Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09728058 2023-08-31 09728058 2024-08-31 09728058 2023-09-01 2024-08-31 09728058 frs-core:CurrentFinancialInstruments 2024-08-31 09728058 frs-core:ComputerEquipment 2024-08-31 09728058 frs-core:ComputerEquipment 2023-09-01 2024-08-31 09728058 frs-core:ComputerEquipment 2023-08-31 09728058 frs-core:FurnitureFittings 2024-08-31 09728058 frs-core:FurnitureFittings 2023-09-01 2024-08-31 09728058 frs-core:FurnitureFittings 2023-08-31 09728058 frs-core:MotorVehicles 2024-08-31 09728058 frs-core:MotorVehicles 2023-09-01 2024-08-31 09728058 frs-core:MotorVehicles 2023-08-31 09728058 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 09728058 frs-bus:CompanyLimitedByGuarantee 2023-09-01 2024-08-31 09728058 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 09728058 frs-bus:SmallEntities 2023-09-01 2024-08-31 09728058 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09728058 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09728058 frs-bus:Director1 2023-09-01 2024-08-31 09728058 frs-bus:Director2 2023-09-01 2024-08-31 09728058 frs-bus:Director3 2023-09-01 2024-08-31 09728058 frs-bus:Director4 2023-09-01 2024-08-31 09728058 frs-countries:EnglandWales 2023-09-01 2024-08-31 09728058 2022-08-31 09728058 2023-08-31 09728058 2022-09-01 2023-08-31 09728058 frs-core:CurrentFinancialInstruments 2023-08-31 09728058 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 09728058
Food Works Sheffield Ltd.
Financial Statements
For The Year Ended 31 August 2024
Gravitate Accounting
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 09728058
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 79,109 24,714
79,109 24,714
CURRENT ASSETS
Debtors 5 50,601 13,018
Cash at bank and in hand 49,687 72,455
100,288 85,473
Creditors: Amounts Falling Due Within One Year 6 (145,580 ) (38,513 )
NET CURRENT ASSETS (LIABILITIES) (45,292 ) 46,960
TOTAL ASSETS LESS CURRENT LIABILITIES 33,817 71,674
PROVISIONS FOR LIABILITIES
Deferred Taxation - (4,696 )
NET ASSETS 33,817 66,978
Income and Expenditure Account 33,817 66,978
MEMBERS' FUNDS 33,817 66,978
For the year ending 31 August 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 Income and Expenditure Account.
On behalf of the board
R Meijer
Director
28th May 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Food Works Sheffield Ltd. is a private company, limited by guarantee, incorporated in England & Wales, registered number 09728058 . The registered office is Unit 12-14 Richmond Park Road, Portland Works, Sheffield, S13 8HS.
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:
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.4. Financial Instruments
Debtors and creditors with no stated interest rate, and repayable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss account within overheads. 
2.5. 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 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.
Page 2
Page 3
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income and expenditure account as they become payable in accordance with the rules of the scheme.
2.7. Government Grant
Government grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned.
All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 13)
15 13
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 2,380 35,018 7,071 44,469
Additions 42,290 23,967 - 66,257
Disposals - (494 ) - (494 )
As at 31 August 2024 44,670 58,491 7,071 110,232
Depreciation
As at 1 September 2023 1,751 12,330 5,674 19,755
Provided during the period 5,535 5,795 279 11,609
Disposals - (241 ) - (241 )
As at 31 August 2024 7,286 17,884 5,953 31,123
Net Book Value
As at 31 August 2024 37,384 40,607 1,118 79,109
As at 1 September 2023 629 22,688 1,397 24,714
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 26,830 2,486
Other debtors 23,682 10,532
Deferred tax current asset 89 -
50,601 13,018
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 14,473 5,499
Other taxes and social security 40,898 24,559
Other creditors 90,209 8,455
145,580 38,513
7. Related Party Transactions
Included within other creditors are loans to related parties amounting to £0 (2023: £7,500). These loans are unsecured, interest free and repayable on demand.
Page 4