Acorah Software Products - Accounts Production 16.4.675 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 07616024 Ms Kathryn Baker Mrs Jennifer Baker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07616024 2024-04-30 07616024 2025-04-30 07616024 2024-05-01 2025-04-30 07616024 frs-core:CurrentFinancialInstruments 2025-04-30 07616024 frs-core:BetweenOneFiveYears 2025-04-30 07616024 frs-core:FurnitureFittings 2025-04-30 07616024 frs-core:FurnitureFittings 2024-05-01 2025-04-30 07616024 frs-core:FurnitureFittings 2024-04-30 07616024 frs-core:WithinOneYear 2025-04-30 07616024 frs-core:ShareCapital 2025-04-30 07616024 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 07616024 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 07616024 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 07616024 frs-bus:SmallEntities 2024-05-01 2025-04-30 07616024 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 07616024 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 07616024 frs-bus:OrdinaryShareClass1 2024-05-01 2025-04-30 07616024 frs-bus:OrdinaryShareClass1 2025-04-30 07616024 frs-bus:Director1 2024-05-01 2025-04-30 07616024 frs-bus:Director2 2024-05-01 2025-04-30 07616024 frs-countries:EnglandWales 2024-05-01 2025-04-30 07616024 2023-04-30 07616024 2024-04-30 07616024 2023-05-01 2024-04-30 07616024 frs-core:CurrentFinancialInstruments 2024-04-30 07616024 frs-core:BetweenOneFiveYears 2024-04-30 07616024 frs-core:WithinOneYear 2024-04-30 07616024 frs-core:ShareCapital 2024-04-30 07616024 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 07616024 frs-bus:OrdinaryShareClass1 2023-05-01 2024-04-30
Registered number: 07616024
The Marina Bar Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07616024
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,273 19,451
20,273 19,451
CURRENT ASSETS
Stocks 5 8,186 6,720
Debtors 6 6,377 6,401
Cash at bank and in hand 106,362 109,867
120,925 122,988
Creditors: Amounts Falling Due Within One Year 7 (46,709 ) (34,825 )
NET CURRENT ASSETS (LIABILITIES) 74,216 88,163
TOTAL ASSETS LESS CURRENT LIABILITIES 94,489 107,614
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,068 ) (3,997 )
NET ASSETS 89,421 103,617
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 89,419 103,615
SHAREHOLDERS' FUNDS 89,421 103,617
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For the year ending 30 April 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
Mrs Jennifer Baker
Director
21 July 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
The Marina Bar Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07616024 . The registered office is 24 Picton House, Hussar Court, Waterlooville, Hampshire, PO7 7SQ.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
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. Significant judgements and estimations
In preparing the financial statements in accordance with FRS 102, management is required to make judgements, estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income, and expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.
2.3. 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. 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.
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:
Fixtures & Fittings 25% Reducing Balance
2.5. Leasing and Hire Purchase Contracts
Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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.
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2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2024: 19)
18 19
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 May 2024 34,707
Additions 6,803
Disposals (89 )
As at 30 April 2025 41,421
Depreciation
As at 1 May 2024 15,256
Provided during the period 5,981
Disposals (89 )
As at 30 April 2025 21,148
Net Book Value
As at 30 April 2025 20,273
As at 1 May 2024 19,451
5. Stocks
2025 2024
£ £
Stock 8,186 6,720
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 23 86
Other debtors 6,354 6,315
6,377 6,401
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 9,209 6,140
Other creditors 2,879 1,427
Taxation and social security 34,621 27,258
46,709 34,825
8. Share Capital
2025 2024
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.00 each 2 2
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 34,400 34,400
Later than one year and not later than five years 8,600 43,000
43,000 77,400
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