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Registered number: 11649160
Beyond Meals Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
High Peak Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11649160
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 5,498 6,255
Tangible Assets 5 308,353 335,534
313,851 341,789
CURRENT ASSETS
Stocks 6 25,886 20,074
Debtors 7 35,369 135,076
Cash at bank and in hand 132,770 69,462
194,025 224,612
Creditors: Amounts Falling Due Within One Year 8 (225,864 ) (373,319 )
NET CURRENT ASSETS (LIABILITIES) (31,839 ) (148,707 )
TOTAL ASSETS LESS CURRENT LIABILITIES 282,012 193,082
Creditors: Amounts Falling Due After More Than One Year 9 (112,582 ) (178,849 )
NET ASSETS 169,430 14,233
CAPITAL AND RESERVES
Called up share capital 11 1 1
Share premium account 587,938 587,938
Profit and Loss Account (418,509 ) (573,706 )
SHAREHOLDERS' FUNDS 169,430 14,233
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 Alick Varma
Director
10/09/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Beyond Meals Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11649160 . The registered office is 71-75 Shelton Street, London, WC2H 9JQ.
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 - Other Intangible
Other intangible assets are development costs on Smart Fridges. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their expected useful economic lives of 10 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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 Straight line basis 3 or 8 years on cost
Motor Vehicles Straight line basis 10 years on cost
Computer Equipment Straight line basis 3 years on cost
Plant & Machinery was reviewed on 31st December 2023. It was deemed more appropiate by the Director to recognise fridges and freezers with 8 years useful life rather than the initial measurement of 3 years useful life. This has been accounted for in depreciation.
2.6. 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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2.7. 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.
2.8. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.9. 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 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.
2.10. 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: 5 (2024: 9)
5 9
4. Intangible Assets
Other
£
Cost
As at 1 April 2024 7,573
As at 31 March 2025 7,573
Amortisation
As at 1 April 2024 1,318
Provided during the period 757
As at 31 March 2025 2,075
Net Book Value
As at 31 March 2025 5,498
As at 1 April 2024 6,255
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5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 339,039 65,213 2,657 406,909
Additions 27,230 - - 27,230
As at 31 March 2025 366,269 65,213 2,657 434,139
Depreciation
As at 1 April 2024 61,760 8,152 1,463 71,375
Provided during the period 47,159 6,521 731 54,411
As at 31 March 2025 108,919 14,673 2,194 125,786
Net Book Value
As at 31 March 2025 257,350 50,540 463 308,353
As at 1 April 2024 277,279 57,061 1,194 335,534
6. Stocks
2025 2024
£ £
Stock 25,886 20,074
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 15,074 102,600
Prepayments and accrued income 14,970 13,745
Other debtors 5,325 5,325
Corporation tax recoverable assets - 13,406
35,369 135,076
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 66,267 70,303
Trade creditors 26,756 64,379
Other taxes and social security 12,673 2,855
VAT 13,320 16,766
Net wages 11,378 -
Other creditors 351 244
Credit card - 335
Pension creditor 887 662
Deferred income 76,660 182,669
Accruals 17,423 31,753
Director's loan account 149 3,353
225,864 373,319
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 112,582 178,849
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 66,267 70,303
Later than one year and not later than five years 112,582 178,849
178,849 249,152
178,849 249,152
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
12. Pension Commitments
The company operates a defined contribution pension scheme for employees. 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 £887 (2024 £662) were due to the fund. 
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