Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11720971 Mr James Surrey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11720971 2023-12-31 11720971 2024-12-31 11720971 2024-01-01 2024-12-31 11720971 frs-core:CurrentFinancialInstruments 2024-12-31 11720971 frs-core:Non-currentFinancialInstruments 2024-12-31 11720971 frs-core:BetweenOneFiveYears 2024-12-31 11720971 frs-core:ComputerEquipment 2024-12-31 11720971 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11720971 frs-core:ComputerEquipment 2023-12-31 11720971 frs-core:FurnitureFittings 2024-12-31 11720971 frs-core:FurnitureFittings 2024-01-01 2024-12-31 11720971 frs-core:FurnitureFittings 2023-12-31 11720971 frs-core:PlantMachinery 2024-12-31 11720971 frs-core:PlantMachinery 2024-01-01 2024-12-31 11720971 frs-core:PlantMachinery 2023-12-31 11720971 frs-core:WithinOneYear 2024-12-31 11720971 frs-core:ShareCapital 2024-12-31 11720971 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11720971 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11720971 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11720971 frs-bus:SmallEntities 2024-01-01 2024-12-31 11720971 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11720971 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11720971 frs-bus:Director1 2024-01-01 2024-12-31 11720971 frs-countries:EnglandWales 2024-01-01 2024-12-31 11720971 2022-12-31 11720971 2023-12-31 11720971 2023-01-01 2023-12-31 11720971 frs-core:CurrentFinancialInstruments 2023-12-31 11720971 frs-core:Non-currentFinancialInstruments 2023-12-31 11720971 frs-core:BetweenOneFiveYears 2023-12-31 11720971 frs-core:WithinOneYear 2023-12-31 11720971 frs-core:ShareCapital 2023-12-31 11720971 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11720971
Edison's Catering Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11720971
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 61,777 81,838
61,777 81,838
CURRENT ASSETS
Stocks 5 12,000 10,000
Debtors 6 25,862 22,885
Cash at bank and in hand 31,943 49,399
69,805 82,284
Creditors: Amounts Falling Due Within One Year 7 (70,388 ) (67,594 )
NET CURRENT ASSETS (LIABILITIES) (583 ) 14,690
TOTAL ASSETS LESS CURRENT LIABILITIES 61,194 96,528
Creditors: Amounts Falling Due After More Than One Year 8 (39,219 ) (67,980 )
NET ASSETS 21,975 28,548
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 21,974 28,547
SHAREHOLDERS' FUNDS 21,975 28,548
Page 1
Page 2
For the year ending 31 December 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 James Surrey
Director
21/08/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Edison's Catering Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11720971 . The registered office is Sme House, Unit 1 Holme Lacy Industrial Estate, Hereford, HR2 6DR.
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:
Plant & Machinery 25% Reducing balance methid
Fixtures & Fittings 25% Reducing balance methid
Computer Equipment 33.33% Streight line method
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. 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 the profit and loss account as incurred.
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
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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 13)
13 13
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 173,715 5,121 5,536 184,372
Additions 1,059 - - 1,059
As at 31 December 2024 174,774 5,121 5,536 185,431
Depreciation
As at 1 January 2024 95,532 2,581 4,421 102,534
Provided during the period 19,705 636 779 21,120
As at 31 December 2024 115,237 3,217 5,200 123,654
Net Book Value
As at 31 December 2024 59,537 1,904 336 61,777
As at 1 January 2024 78,183 2,540 1,115 81,838
5. Stocks
2024 2023
£ £
Materials 12,000 10,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 19,507 17,935
Other debtors 6,355 4,950
25,862 22,885
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 13,226 18,747
Trade creditors 21,058 23,102
Bank loans and overdrafts 10,001 10,000
Other creditors 3,868 3,196
Taxation and social security 22,235 12,549
70,388 67,594
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,744 15,005
Bank loans 4,999 14,999
Other creditors 32,476 37,976
39,219 67,980
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 13,226 18,747
Later than one year and not later than five years 1,744 15,005
14,970 33,752
14,970 33,752
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5