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Registered number: 07748711
The Fish Hut Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
My Trusted Accountant Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07748711
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 69,303 69,309
69,303 69,309
CURRENT ASSETS
Stocks 6 3,475 3,320
Debtors 7 140,009 98,259
Cash at bank and in hand 26,045 8,406
169,529 109,985
Creditors: Amounts Falling Due Within One Year 8 (34,509 ) (31,779 )
NET CURRENT ASSETS (LIABILITIES) 135,020 78,206
TOTAL ASSETS LESS CURRENT LIABILITIES 204,323 147,515
Creditors: Amounts Falling Due After More Than One Year 9 (207,058 ) (156,402 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,216 ) (936 )
NET LIABILITIES (4,951 ) (9,823 )
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account (5,051 ) (9,923 )
SHAREHOLDERS' FUNDS (4,951) (9,823)
Page 1
Page 2
For the year ending 31 March 2025 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 Valbon Sejdiu
Director
22/08/2025
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
The Fish Hut Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07748711 . The registered office is My Trusted Accountant Limited, Unit 6 Balfour Court, Leyland, Preston, Lancashire, PR25 2TF.
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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquistion of goodwill of a business in 2012, was being amortised evenly over its estimated useful life of 15 years.
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
Fixtures & Fittings 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
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.
2.7. Group accounts not prepared
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the group company and its subsidiary undertakings comprise of a small group.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 200,000
As at 31 March 2025 200,000
Amortisation
As at 1 April 2024 200,000
As at 31 March 2025 200,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2024 139,154
Additions 4,308
As at 31 March 2025 143,462
Depreciation
As at 1 April 2024 69,845
Provided during the period 4,314
As at 31 March 2025 74,159
Net Book Value
As at 31 March 2025 69,303
As at 1 April 2024 69,309
6. Stocks
2025 2024
£ £
Stock 3,475 3,320
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 940 1,952
Due after more than one year
Other debtors 139,069 96,307
140,009 98,259
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,909 3,525
Bank loans and overdrafts 5,333 5,333
Other creditors 12,808 12,808
Taxation and social security 12,459 10,113
34,509 31,779
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 69,318 20,889
Other creditors 137,740 135,513
207,058 156,402
10. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts 20,889 26,422
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
12. Related Party Transactions
At the balance sheet date the company owed £21,992 to RSM Restaurant Ltd, a fellow group undertaking.
At the balance sheet date the company owed £30,771 to MRV Restaurant Group Ltd, a fellow group undertaking.
At the balance sheet date the company owed £1,000 to RSBK Restaurant Ltd, a fellow group undertaking.
At the balance sheet date the company was owed £112,018 from AER Restaurant LTD, a fellow group undertaking.
At the balance sheet date the company was owed £27,051 from RSB Restaurant LTD, a fellow group undertaking.
The director has loaned the company money on which no interest is charged by agreement. The balance outstanding at the accounting period end of £137,740 is included within creditors due after more than one year and £10,000 is included within creditors due within one year.
The trading premises occupied by the company are owned by the director. No rent is paid by the company by agreement.
13. Ultimate Controlling Party
The controlling party is MRV Restaurant Group Limited.
The ultimate controlling party is Mr V Sejdiu.
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