Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 07976620 Mrs Nicola Whistle Mr David Whistle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07976620 2024-03-31 07976620 2025-03-31 07976620 2024-04-01 2025-03-31 07976620 frs-core:CurrentFinancialInstruments 2025-03-31 07976620 frs-core:Non-currentFinancialInstruments 2025-03-31 07976620 frs-core:BetweenOneFiveYears 2025-03-31 07976620 frs-core:NetGoodwill 2025-03-31 07976620 frs-core:NetGoodwill 2024-04-01 2025-03-31 07976620 frs-core:NetGoodwill 2024-03-31 07976620 frs-core:PlantMachinery 2025-03-31 07976620 frs-core:PlantMachinery 2024-04-01 2025-03-31 07976620 frs-core:PlantMachinery 2024-03-31 07976620 frs-core:WithinOneYear 2025-03-31 07976620 frs-core:ShareCapital 2025-03-31 07976620 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07976620 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07976620 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07976620 frs-bus:SmallEntities 2024-04-01 2025-03-31 07976620 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07976620 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07976620 frs-bus:Director1 2024-04-01 2025-03-31 07976620 frs-bus:Director1 2024-03-31 07976620 frs-bus:Director1 2025-03-31 07976620 frs-bus:Director2 2024-04-01 2025-03-31 07976620 frs-bus:Director2 2024-03-31 07976620 frs-bus:Director2 2025-03-31 07976620 frs-countries:EnglandWales 2024-04-01 2025-03-31 07976620 2023-03-31 07976620 2024-03-31 07976620 2023-04-01 2024-03-31 07976620 frs-core:CurrentFinancialInstruments 2024-03-31 07976620 frs-core:Non-currentFinancialInstruments 2024-03-31 07976620 frs-core:BetweenOneFiveYears 2024-03-31 07976620 frs-core:WithinOneYear 2024-03-31 07976620 frs-core:ShareCapital 2024-03-31 07976620 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07976620
The Secret Restaurant Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 07976620
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 23,050 18,701
23,050 18,701
CURRENT ASSETS
Stocks 6 4,500 4,500
Debtors 7 48,002 46,233
Cash at bank and in hand 26,988 10,078
79,490 60,811
Creditors: Amounts Falling Due Within One Year 8 (70,002 ) (59,737 )
NET CURRENT ASSETS (LIABILITIES) 9,488 1,074
TOTAL ASSETS LESS CURRENT LIABILITIES 32,538 19,775
Creditors: Amounts Falling Due After More Than One Year 9 (4,754 ) (13,393 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 12 (4,379 ) (3,553 )
NET ASSETS 23,405 2,829
CAPITAL AND RESERVES
Called up share capital 13 100 100
Profit and Loss Account 23,305 2,729
SHAREHOLDERS' FUNDS 23,405 2,829
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 David Whistle
Director
15/09/2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Secret Restaurant Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07976620 . The registered office is 100 Church Street, Brighton, East Sussex, BN1 1UJ.
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. 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 10 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 10% on straight line
2.5. 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.
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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 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.
2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2024: 11)
15 11
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 20,000
As at 31 March 2025 20,000
Amortisation
As at 1 April 2024 20,000
As at 31 March 2025 20,000
...CONTINUED
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Page 5
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2024 24,623
Additions 7,562
Disposals (375 )
As at 31 March 2025 31,810
Depreciation
As at 1 April 2024 5,922
Provided during the period 2,951
Disposals (113 )
As at 31 March 2025 8,760
Net Book Value
As at 31 March 2025 23,050
As at 1 April 2024 18,701
6. Stocks
2025 2024
£ £
Finished goods 4,500 4,500
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 38,405 34,533
Other debtors 9,597 11,700
48,002 46,233
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Page 6
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 5,617 5,617
Bank loans and overdrafts 3,000 3,000
Other creditors 20,954 19,777
Taxation and social security 40,431 31,343
70,002 59,737
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 2,809 8,425
Bank loans 1,945 4,968
4,754 13,393
10. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured against the assets of the company.
2025 2024
£ £
Bank loans and overdrafts 4,945 7,968
11. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,617 5,617
Later than one year and not later than five years 2,809 8,425
8,426 14,042
8,426 14,042
12. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 4,379 3,553
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13. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
14. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £560 (2024 - £409) were due to the fund. They are included in Other Creditors.
15. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mrs Nicola Whistle 4,274 - 864 - 3,410
Mr David Whistle 4,274 - 865 - 3,409
The above loan is unsecured, interest free and repayable on demand.
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