Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 08245597 T Knight iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08245597 2023-10-31 08245597 2024-10-31 08245597 2023-11-01 2024-10-31 08245597 frs-core:CurrentFinancialInstruments 2024-10-31 08245597 frs-core:Non-currentFinancialInstruments 2024-10-31 08245597 frs-core:ComputerEquipment 2023-11-01 2024-10-31 08245597 frs-core:FurnitureFittings 2023-11-01 2024-10-31 08245597 frs-core:LandBuildings 2024-10-31 08245597 frs-core:LandBuildings 2023-11-01 2024-10-31 08245597 frs-core:LandBuildings 2023-10-31 08245597 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 08245597 frs-core:MotorVehicles 2023-11-01 2024-10-31 08245597 frs-core:PlantMachinery 2024-10-31 08245597 frs-core:PlantMachinery 2023-11-01 2024-10-31 08245597 frs-core:PlantMachinery 2023-10-31 08245597 frs-core:ShareCapital 2024-10-31 08245597 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 08245597 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08245597 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 08245597 frs-bus:SmallEntities 2023-11-01 2024-10-31 08245597 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 08245597 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 08245597 frs-bus:Director1 2023-11-01 2024-10-31 08245597 frs-countries:EnglandWales 2023-11-01 2024-10-31 08245597 2022-10-31 08245597 2023-10-31 08245597 2022-11-01 2023-10-31 08245597 frs-core:CurrentFinancialInstruments 2023-10-31 08245597 frs-core:Non-currentFinancialInstruments 2023-10-31 08245597 frs-core:ShareCapital 2023-10-31 08245597 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 08245597
Southsea Coffee Co Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
MATCH Accounting Limited
Portsmouth Technopole Kingston Crescent
Portsmouth
Hampshire
PO2 8FA
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 08245597
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,007 19,593
20,007 19,593
CURRENT ASSETS
Stocks 5 8,040 4,246
Debtors 6 41,413 40,890
Cash at bank and in hand 21,171 13,995
70,624 59,131
Creditors: Amounts Falling Due Within One Year 7 (67,583 ) (61,049 )
NET CURRENT ASSETS (LIABILITIES) 3,041 (1,918 )
TOTAL ASSETS LESS CURRENT LIABILITIES 23,048 17,675
Creditors: Amounts Falling Due After More Than One Year 8 (18,853 ) (13,421 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,801 ) (3,723 )
NET ASSETS 394 531
CAPITAL AND RESERVES
Called up share capital 9 2 2
Income Statement 392 529
SHAREHOLDERS' FUNDS 394 531
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 Statement.
On behalf of the board
T Knight
Director
24/07/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Southsea Coffee Co Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08245597 . The registered office is 63 Osborne Road, Southsea, Hampshire, PO5 3LS.
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:
Leasehold 5 years straight line
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33.3% straight line
2.4. 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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2.5. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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:
2024 2023
Office and administration 22 19
22 19
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 November 2023 12,955 56,224 69,179
Additions - 8,393 8,393
Disposals - (10,618 ) (10,618 )
As at 31 October 2024 12,955 53,999 66,954
...CONTINUED
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Depreciation
As at 1 November 2023 12,568 37,018 49,586
Provided during the period 209 5,718 5,927
Disposals - (8,566 ) (8,566 )
As at 31 October 2024 12,777 34,170 46,947
Net Book Value
As at 31 October 2024 178 19,829 20,007
As at 1 November 2023 387 19,206 19,593
5. Stocks
2024 2023
£ £
Stock 8,040 4,246
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 32,386 2,480
Other debtors 9,027 38,410
41,413 40,890
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 18,900 10,533
Bank loans and overdrafts 22,124 7,883
Other creditors 2,506 6,717
Taxation and social security 24,053 35,916
67,583 61,049
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 15,503 13,421
Other loans 3,350 -
18,853 13,421
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Related Party Transactions
At the balance sheet date there was a balance of £3,869 (2023:£7,987) owed to the company from Local Coffee Limited  which was a company connected under common control.
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