Acorah Software Products - Accounts Production 16.2.850 false true 31 October 2023 4 October 2022 false 1 November 2023 31 October 2024 31 October 2024 NI691570 Mr Edward Howard Mr Bailey Craig iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI691570 2023-10-31 NI691570 2024-10-31 NI691570 2023-11-01 2024-10-31 NI691570 frs-core:CurrentFinancialInstruments 2024-10-31 NI691570 frs-core:Non-currentFinancialInstruments 2024-10-31 NI691570 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-11-01 2024-10-31 NI691570 frs-core:OtherResidualIntangibleAssets 2024-10-31 NI691570 frs-core:OtherResidualIntangibleAssets 2023-10-31 NI691570 frs-core:PlantMachinery 2024-10-31 NI691570 frs-core:PlantMachinery 2023-11-01 2024-10-31 NI691570 frs-core:PlantMachinery 2023-10-31 NI691570 frs-core:ShareCapital 2024-10-31 NI691570 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 NI691570 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 NI691570 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 NI691570 frs-bus:SmallEntities 2023-11-01 2024-10-31 NI691570 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 NI691570 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 NI691570 frs-bus:Director1 2023-11-01 2024-10-31 NI691570 frs-bus:Director2 2023-11-01 2024-10-31 NI691570 frs-countries:NorthernIreland 2023-11-01 2024-10-31 NI691570 2022-10-03 NI691570 2023-10-31 NI691570 2022-10-04 2023-10-31 NI691570 frs-core:CurrentFinancialInstruments 2023-10-31 NI691570 frs-core:Non-currentFinancialInstruments 2023-10-31 NI691570 frs-core:ShareCapital 2023-10-31 NI691570 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: NI691570
Teddy's Bar & Grill Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Broad Street Advisory Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI691570
31 October 2024 31 October 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 120,000 120,000
Tangible Assets 5 26,032 22,987
146,032 142,987
CURRENT ASSETS
Stocks 6 4,000 4,000
Cash at bank and in hand 19,691 1,951
23,691 5,951
Creditors: Amounts Falling Due Within One Year 7 (125,232 ) (84,357 )
NET CURRENT ASSETS (LIABILITIES) (101,541 ) (78,406 )
TOTAL ASSETS LESS CURRENT LIABILITIES 44,491 64,581
Creditors: Amounts Falling Due After More Than One Year 8 (10,968 ) (31,218 )
NET ASSETS 33,523 33,363
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 33,423 33,263
SHAREHOLDERS' FUNDS 33,523 33,363
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For the year ending 31 October 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 Profit and Loss Account.
On behalf of the board
Mr Edward Howard
Director
30/06/2025
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
Teddy's Bar & Grill Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI691570 . The registered office is 1 Castle Street, Bangor, Co Down, BT20 4SU.
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
Other intangible assets relates to a liquor license and is not amortised.
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% Reducing balance
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
Corporation tax expense represents the sum of the tax currently payable.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: 17)
14 17
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4. Intangible Assets
Other
£
Cost
As at 1 November 2023 120,000
As at 31 October 2024 120,000
Net Book Value
As at 31 October 2024 120,000
As at 1 November 2023 120,000
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 November 2023 27,044
Additions 7,639
As at 31 October 2024 34,683
Depreciation
As at 1 November 2023 4,057
Provided during the period 4,594
As at 31 October 2024 8,651
Net Book Value
As at 31 October 2024 26,032
As at 1 November 2023 22,987
6. Stocks
31 October 2024 31 October 2023
£ £
Stock 4,000 4,000
7. Creditors: Amounts Falling Due Within One Year
31 October 2024 31 October 2023
£ £
Trade creditors 24,936 14,046
Bank loans and overdrafts 10,125 -
Other creditors 439 358
Taxation and social security 89,732 69,953
125,232 84,357
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8. Creditors: Amounts Falling Due After More Than One Year
31 October 2024 31 October 2023
£ £
Bank loans 10,968 31,218
9. Share Capital
31 October 2024 31 October 2023
£ £
Allotted, Called up and fully paid 100 100
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