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Registered number: 12889112
Grill & Chill (Worcester) Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2023
Berlins (UK) Limited
Chartered Certified Accountants
1st Floor
33A Grove Lane
Birmingham
B21 9ES
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12889112
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 40,500 40,500
Tangible Assets 5 7,160 8,424
47,660 48,924
CURRENT ASSETS
Stocks 6 5,395 5,670
Cash at bank and in hand 13,097 20,211
18,492 25,881
Creditors: Amounts Falling Due Within One Year 8 (60,524 ) (60,448 )
NET CURRENT ASSETS (LIABILITIES) (42,032 ) (34,567 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,628 14,357
NET ASSETS 5,628 14,357
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 5,528 14,257
SHAREHOLDERS' FUNDS 5,628 14,357
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For the year ending 30 September 2023 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 Aaron Jassal
Director
17 March 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Grill & Chill (Worcester) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12889112 . The registered office is First Floor, 33a Grove Lane, Birmingham, B21 9ES.
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.
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 the profit and loss account over its estimated economic life of .... 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:
Fixtures & Fittings 25% 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.
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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: 7 (2022: 6)
7 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2022 40,500
As at 30 September 2023 40,500
Net Book Value
As at 30 September 2023 40,500
As at 1 October 2022 40,500
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5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 October 2022 11,523
As at 30 September 2023 11,523
Depreciation
As at 1 October 2022 3,099
Provided during the period 1,264
As at 30 September 2023 4,363
Net Book Value
As at 30 September 2023 7,160
As at 1 October 2022 8,424
6. Stocks
2023 2022
£ £
Finished goods 5,395 5,670
7. Debtors
2023 2022
£ £
Due within one year
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 5,165 5,260
Corporation tax 82 230
Other taxes and social security 5,994 5,409
VAT 31,772 14,007
Net wages 2,981 981
Pension control account 1,332 1,298
Accruals and deferred income 5,550 30,600
Director's loan account 7,648 2,663
60,524 60,448
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9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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