Acorah Software Products - Accounts Production 16.2.850 false true true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 SC410695 Rosanna Campbell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC410695 2023-11-30 SC410695 2024-11-30 SC410695 2023-12-01 2024-11-30 SC410695 frs-core:CurrentFinancialInstruments 2024-11-30 SC410695 frs-core:ComputerEquipment 2024-11-30 SC410695 frs-core:ComputerEquipment 2023-12-01 2024-11-30 SC410695 frs-core:ComputerEquipment 2023-11-30 SC410695 frs-core:FurnitureFittings 2024-11-30 SC410695 frs-core:FurnitureFittings 2023-12-01 2024-11-30 SC410695 frs-core:FurnitureFittings 2023-11-30 SC410695 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-11-30 SC410695 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 SC410695 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-30 SC410695 frs-core:PlantMachinery 2024-11-30 SC410695 frs-core:PlantMachinery 2023-12-01 2024-11-30 SC410695 frs-core:PlantMachinery 2023-11-30 SC410695 frs-core:ShareCapital 2024-11-30 SC410695 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 SC410695 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 SC410695 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 SC410695 frs-bus:SmallEntities 2023-12-01 2024-11-30 SC410695 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 SC410695 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 SC410695 frs-bus:Director1 2023-12-01 2024-11-30 SC410695 frs-countries:Scotland 2023-12-01 2024-11-30 SC410695 2022-11-30 SC410695 2023-11-30 SC410695 2022-12-01 2023-11-30 SC410695 frs-core:CurrentFinancialInstruments 2023-11-30 SC410695 frs-core:ShareCapital 2023-11-30 SC410695 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: SC410695
Rosycheeks Cakes Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Prime Numbers
Chartered Accountants
1 Lochrin Square
92 Fountainbridge
Edinburgh
EH3 9QA
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: SC410695
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 829 1,406
829 1,406
CURRENT ASSETS
Stocks 5 5,500 15,500
Debtors 6 3,066 4,467
Cash at bank and in hand 133 3,330
8,699 23,297
Creditors: Amounts Falling Due Within One Year 7 (24,950 ) (24,645 )
NET CURRENT ASSETS (LIABILITIES) (16,251 ) (1,348 )
TOTAL ASSETS LESS CURRENT LIABILITIES (15,422 ) 58
NET (LIABILITIES)/ASSETS (15,422 ) 58
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (15,423 ) 57
SHAREHOLDERS' FUNDS (15,422) 58
For the year ending 30 November 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 Profit and Loss Account.
On behalf of the board
Rosanna Campbell
Director
27/08/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Rosycheeks Cakes Limited is a private company, limited by shares, incorporated in Scotland, registered number SC410695 . The registered office is 101 Newington Road, Edinburgh, EH9 1QW.
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. Going Concern Disclosure
The company is in a net liability position at the year end. The director is of the opinion that the going concern basis remains appropriate because of ongoing financial support from the shareholder to ensure that liabilities are met as they fall due.
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 baked goods. Turnover is reduced for estimated customer rebates and other similar allowances. Turnover 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 taken 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:
Leasehold Straight line over 5 years
Kitchen equipment Straight line over 5 years
Fixtures & Fittings Straight line over 5 years
Computer Equipment Straight line over 5 years
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.
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.
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: 4 (2023: 4)
4 4
Page 2
Page 3
4. Tangible Assets
Land & Property
Leasehold Kitchen equipment Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2023 12,156 5,999 960 258 19,373
As at 30 November 2024 12,156 5,999 960 258 19,373
Depreciation
As at 1 December 2023 12,156 5,127 559 125 17,967
Provided during the period - 333 192 52 577
As at 30 November 2024 12,156 5,460 751 177 18,544
Net Book Value
As at 30 November 2024 - 539 209 81 829
As at 1 December 2023 - 872 401 133 1,406
5. Stocks
2024 2023
£ £
Stock 5,500 15,500
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 3,066 3,066
Corporation tax recoverable assets - 1,401
3,066 4,467
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 14 -
Corporation tax - 77
Other taxes and social security 8,306 5,948
VAT 727 3
Other creditors 187 -
Accruals and deferred income 1,000 1,161
Director's loan account 14,716 17,456
24,950 24,645
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3