Acorah Software Products - Accounts Production 16.8.200 false true 30 June 2024 1 July 2023 false 1 July 2024 30 June 2025 30 June 2025 11393558 Mr Steve Carson Mrs Pauline Carson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11393558 2024-06-30 11393558 2025-06-30 11393558 2024-07-01 2025-06-30 11393558 frs-core:CurrentFinancialInstruments 2025-06-30 11393558 frs-core:Non-currentFinancialInstruments 2025-06-30 11393558 frs-core:MotorVehicles 2025-06-30 11393558 frs-core:MotorVehicles 2024-07-01 2025-06-30 11393558 frs-core:MotorVehicles 2024-06-30 11393558 frs-core:PlantMachinery 2025-06-30 11393558 frs-core:PlantMachinery 2024-07-01 2025-06-30 11393558 frs-core:PlantMachinery 2024-06-30 11393558 frs-core:ShareCapital 2025-06-30 11393558 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30 11393558 frs-bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 11393558 frs-bus:FilletedAccounts 2024-07-01 2025-06-30 11393558 frs-bus:SmallEntities 2024-07-01 2025-06-30 11393558 frs-bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 11393558 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 11393558 frs-bus:Director1 2024-07-01 2025-06-30 11393558 frs-bus:Director1 2024-06-30 11393558 frs-bus:Director1 2025-06-30 11393558 frs-bus:Director2 2024-07-01 2025-06-30 11393558 frs-bus:Director2 2024-06-30 11393558 frs-bus:Director2 2025-06-30 11393558 frs-core:CurrentFinancialInstruments 1 2025-06-30 11393558 frs-core:CurrentFinancialInstruments 2 2025-06-30 11393558 frs-core:CurrentFinancialInstruments 4 2025-06-30 11393558 frs-core:CurrentFinancialInstruments 5 2025-06-30 11393558 frs-countries:EnglandWales 2024-07-01 2025-06-30 11393558 2023-06-30 11393558 2024-06-30 11393558 2023-07-01 2024-06-30 11393558 frs-core:CurrentFinancialInstruments 2024-06-30 11393558 frs-core:Non-currentFinancialInstruments 2024-06-30 11393558 frs-core:ShareCapital 2024-06-30 11393558 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 11393558 frs-core:CurrentFinancialInstruments 1 2024-06-30 11393558 frs-core:CurrentFinancialInstruments 2 2024-06-30 11393558 frs-core:CurrentFinancialInstruments 3 2024-06-30 11393558 frs-core:CurrentFinancialInstruments 4 2024-06-30 11393558 frs-core:CurrentFinancialInstruments 5 2024-06-30
Registered number: 11393558
The Neptune Pub (Selsey) Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2025
The Fishbourne Accountant Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11393558
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,674 3,565
2,674 3,565
CURRENT ASSETS
Stocks 5 16,418 13,913
Debtors 6 19,911 19,645
Cash at bank and in hand 83,892 49,749
120,221 83,307
Creditors: Amounts Falling Due Within One Year 7 (40,340 ) (29,086 )
NET CURRENT ASSETS (LIABILITIES) 79,881 54,221
TOTAL ASSETS LESS CURRENT LIABILITIES 82,555 57,786
Creditors: Amounts Falling Due After More Than One Year 8 (3,334 ) (13,333 )
NET ASSETS 79,221 44,453
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 79,219 44,451
SHAREHOLDERS' FUNDS 79,221 44,453
Page 1
Page 2
For the year ending 30 June 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
Mrs Pauline Carson
Director
17th January 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 Neptune Pub (Selsey) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11393558 . The registered office is 11 Barker Close, Fishbourne, West Sussex, PO18 8BJ.
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:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
2.4. 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.
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.
Page 3
Page 4
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 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: 9 (2024: 7)
9 7
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 July 2024 2,741 4,000 6,741
As at 30 June 2025 2,741 4,000 6,741
Depreciation
As at 1 July 2024 1,156 2,020 3,176
Provided during the period 396 495 891
As at 30 June 2025 1,552 2,515 4,067
Net Book Value
As at 30 June 2025 1,189 1,485 2,674
As at 1 July 2024 1,585 1,980 3,565
5. Stocks
2025 2024
£ £
Finished goods 16,418 13,913
Page 4
Page 5
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 975 -
Prepayments and accrued income 3,930 167
Other debtors (1) 13,452 13,452
FDMS - 3,972
Directors' loan accounts 1,552 2,052
Called up share capital not paid 2 2
19,911 19,645
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 7,293 2,958
Corporation tax 8,642 2,055
VAT 8,931 6,793
Net wages - 229
MGD Payable 3,016 5,200
Pension Fund 275 168
Bank loans (Current liabilities - creditors < 1 year) 10,000 10,000
Directors' loan accounts 2,183 1,683
40,340 29,086
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 3,334 13,333
10. Share Capital
2025 2024
£ £
Called Up Share Capital not Paid 2 2
Amount of Allotted, Called Up Share Capital 2 2
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2024 Amounts advanced Amounts repaid Amounts written off As at 30 June 2025
£ £ £ £ £
Mr Steve Carson 681 - - - -
Mrs Pauline Carson 3,676 - - - -
The above loan is unsecured, interest free and repayable on demand.
Page 5