Acorah Software Products - Accounts Production 16.4.675 false true true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 07114047 Mr Hayden Gowan Messrs Hayden Gowan, Bradley Gowan and Damian Gowan, who are related, true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07114047 2023-11-30 07114047 2024-11-30 07114047 2023-12-01 2024-11-30 07114047 frs-core:CurrentFinancialInstruments 2024-11-30 07114047 frs-core:Non-currentFinancialInstruments 2024-11-30 07114047 frs-core:NetGoodwill 2024-11-30 07114047 frs-core:NetGoodwill 2023-12-01 2024-11-30 07114047 frs-core:NetGoodwill 2023-11-30 07114047 frs-core:PlantMachinery 2024-11-30 07114047 frs-core:PlantMachinery 2023-12-01 2024-11-30 07114047 frs-core:PlantMachinery 2023-11-30 07114047 frs-core:SharePremium 2024-11-30 07114047 frs-core:ShareCapital 2024-11-30 07114047 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 07114047 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 07114047 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 07114047 frs-bus:SmallEntities 2023-12-01 2024-11-30 07114047 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 07114047 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 07114047 1 2023-12-01 2024-11-30 07114047 frs-bus:Director1 2023-12-01 2024-11-30 07114047 frs-countries:EnglandWales 2023-12-01 2024-11-30 07114047 2022-11-30 07114047 2023-11-30 07114047 2022-12-01 2023-11-30 07114047 frs-core:CurrentFinancialInstruments 2023-11-30 07114047 frs-core:Non-currentFinancialInstruments 2023-11-30 07114047 frs-core:SharePremium 2023-11-30 07114047 frs-core:ShareCapital 2023-11-30 07114047 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 07114047
The Tea Bar Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Inchmead Accountants
100 Berkshire Place
Winnersh
Wokingham
RG41 5RD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07114047
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 5,190 6,016
5,190 6,016
CURRENT ASSETS
Stocks 6 6,898 10,752
Debtors 7 21,983 22
Cash at bank and in hand 27,718 68,342
56,599 79,116
Creditors: Amounts Falling Due Within One Year 8 (11,137 ) (18,073 )
NET CURRENT ASSETS (LIABILITIES) 45,462 61,043
TOTAL ASSETS LESS CURRENT LIABILITIES 50,652 67,059
Creditors: Amounts Falling Due After More Than One Year 9 (25,000 ) (40,154 )
NET ASSETS 25,652 26,905
CAPITAL AND RESERVES
Called up share capital 10 100 100
Share premium account 7,500 7,500
Profit and Loss Account 18,052 19,305
SHAREHOLDERS' FUNDS 25,652 26,905
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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 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 Hayden Gowan
Director
22 August 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 Tea Bar Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07114047 . The registered office is Inchmead Suite, 100 Berkshire Place, Winnersh, Wokingham, RG41 5RD.
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 directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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.
Sale of goods
Turnover from the sale of goods is recognised when goods are paid for the customer and there is no material uncertainty of its realisation.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.5. 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 20% reducing balance
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 of purchase and delivery.
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 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.
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2.8. 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.
2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 16)
7 16
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2023 30,000
As at 30 November 2024 30,000
Amortisation
As at 1 December 2023 30,000
As at 30 November 2024 30,000
Net Book Value
As at 30 November 2024 -
As at 1 December 2023 -
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 December 2023 141,593
Additions 472
As at 30 November 2024 142,065
Depreciation
As at 1 December 2023 135,577
Provided during the period 1,298
As at 30 November 2024 136,875
Net Book Value
As at 30 November 2024 5,190
As at 1 December 2023 6,016
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6. Stocks
2024 2023
£ £
Stock 6,898 -
Finished goods - 10,752
6,898 10,752
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,294 -
Director's loan account 20,689 22
21,983 22
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 218 (5,470 )
Bank loans and overdrafts 5,000 -
Corporation tax - 9,428
Other taxes and social security 232 1,392
VAT 5,687 12,723
11,137 18,073
The director's loan account is repayable on demand. It attracts no interest and is unsecured.
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 25,000 40,154
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 40,000 37,000
12. Ultimate Controlling Party
The company's ultimate controlling party is Messrs Hayden Gowan, Bradley Gowan and Damian Gowan, who are related, by virtue of their ownership of their 85% of the issued share capital in the company.
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