Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11025272 Mr Iacopo Fincato Mr Vincenzo Gentile iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11025272 2023-12-31 11025272 2024-12-31 11025272 2024-01-01 2024-12-31 11025272 frs-core:CurrentFinancialInstruments 2024-12-31 11025272 frs-core:ComputerEquipment 2024-12-31 11025272 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11025272 frs-core:ComputerEquipment 2023-12-31 11025272 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 11025272 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 11025272 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 11025272 frs-core:MotorVehicles 2024-12-31 11025272 frs-core:MotorVehicles 2024-01-01 2024-12-31 11025272 frs-core:MotorVehicles 2023-12-31 11025272 frs-core:PlantMachinery 2024-12-31 11025272 frs-core:PlantMachinery 2024-01-01 2024-12-31 11025272 frs-core:PlantMachinery 2023-12-31 11025272 frs-core:SharePremium 2024-12-31 11025272 frs-core:ShareCapital 2024-12-31 11025272 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11025272 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11025272 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11025272 frs-bus:SmallEntities 2024-01-01 2024-12-31 11025272 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11025272 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11025272 frs-bus:Director1 2024-01-01 2024-12-31 11025272 frs-bus:Director2 2024-01-01 2024-12-31 11025272 frs-countries:EnglandWales 2024-01-01 2024-12-31 11025272 2022-12-31 11025272 2023-12-31 11025272 2023-01-01 2023-12-31 11025272 frs-core:CurrentFinancialInstruments 2023-12-31 11025272 frs-core:SharePremium 2023-12-31 11025272 frs-core:ShareCapital 2023-12-31 11025272 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11025272
Sb Smoked Salmon Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Williams Stanley & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11025272
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 70,112 70,110
70,112 70,110
CURRENT ASSETS
Stocks 5 29,931 22,436
Debtors 6 240,167 203,253
Cash at bank and in hand 78,295 94,243
348,393 319,932
Creditors: Amounts Falling Due Within One Year 7 (160,423 ) (98,054 )
NET CURRENT ASSETS (LIABILITIES) 187,970 221,878
TOTAL ASSETS LESS CURRENT LIABILITIES 258,082 291,988
NET ASSETS 258,082 291,988
CAPITAL AND RESERVES
Called up share capital 8 114 112
Share premium account 458,962 410,761
Profit and Loss Account (200,994 ) (118,885 )
SHAREHOLDERS' FUNDS 258,082 291,988
Page 1
Page 2
For the year ending 31 December 2024 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 Iacopo Fincato
Director
23/12/2025
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
Sb Smoked Salmon Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11025272 . The registered office is The Salmon Smokery Black Barns, Daylesford, Moreton-In-Marsh, Gloucestershire, GL56 0YG.
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. 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:
Leasehold 3 Year Straight Line
Plant & Machinery 3 Year Straight Line
Motor Vehicles 20% Reducing Balance
Computer Equipment 3 Year Straight Line
2.4. 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.
2.5. 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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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: 12 (2023: )
12 -
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 5,063 93,854 - 2,258 101,175
Additions - 40,126 4,040 619 44,785
As at 31 December 2024 5,063 133,980 4,040 2,877 145,960
Depreciation
As at 1 January 2024 203 29,387 - 1,475 31,065
Provided during the period 1,687 41,879 606 611 44,783
As at 31 December 2024 1,890 71,266 606 2,086 75,848
Net Book Value
As at 31 December 2024 3,173 62,714 3,434 791 70,112
As at 1 January 2024 4,860 64,467 - 783 70,110
5. Stocks
2024 2023
£ £
Finished goods 29,931 22,436
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 149,149 85,092
Amounts owed by group undertakings 5,071 5,071
Other debtors 85,947 113,090
240,167 203,253
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 107,659 54,211
Other creditors 49,249 32,659
Taxation and social security 3,515 11,184
160,423 98,054
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 114 112
Page 5