Acorah Software Products - Accounts Production 15.0.500 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 SC541403 Mrs G A Ligertwood Mr A P Ligertwood iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC541403 2022-07-31 SC541403 2023-07-31 SC541403 2022-08-01 2023-07-31 SC541403 frs-core:CurrentFinancialInstruments 2023-07-31 SC541403 frs-core:ComputerEquipment 2023-07-31 SC541403 frs-core:ComputerEquipment 2022-08-01 2023-07-31 SC541403 frs-core:ComputerEquipment 2022-07-31 SC541403 frs-core:MotorVehicles 2022-08-01 2023-07-31 SC541403 frs-core:ShareCapital 2023-07-31 SC541403 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 SC541403 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 SC541403 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 SC541403 frs-bus:SmallEntities 2022-08-01 2023-07-31 SC541403 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 SC541403 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 SC541403 frs-bus:Director1 2022-08-01 2023-07-31 SC541403 frs-bus:Director2 2022-08-01 2023-07-31 SC541403 frs-countries:Scotland 2022-08-01 2023-07-31 SC541403 2021-07-31 SC541403 2022-07-31 SC541403 2021-08-01 2022-07-31 SC541403 frs-core:CurrentFinancialInstruments 2022-07-31 SC541403 frs-core:ShareCapital 2022-07-31 SC541403 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: SC541403
Drink Better Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Sense Accounting Limited
36 Bruntsfield Place
Edinburgh
EH10 4HJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC541403
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 19
- 19
CURRENT ASSETS
Stock 5 - 3,470
Debtors 6 9,608 9,977
Cash at bank and in hand 34 1,964
9,642 15,411
Creditors: Amounts Falling Due Within One Year 7 (147,675 ) (141,529 )
NET CURRENT ASSETS (LIABILITIES) (138,033 ) (126,118 )
TOTAL ASSETS LESS CURRENT LIABILITIES (138,033 ) (126,099 )
NET LIABILITIES (138,033 ) (126,099 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (138,133 ) (126,199 )
SHAREHOLDERS' FUNDS (138,033) (126,099)
Page 1
Page 2
For the year ending 31 July 2023 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 A P Ligertwood
Director
31 July 2024
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
Drink Better Limited is a private company, limited by shares, incorporated in Scotland, registered number SC541403 . The registered office is Glenlinden, 1 Spylaw Avenue, Edinburgh, Midlothian, EH13 0LW.
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. 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. 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:
Motor Vehicles 25% reducing balance
Computer Equipment 33% 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2022 224
As at 31 July 2023 224
Depreciation
As at 1 August 2022 205
Provided during the period 19
As at 31 July 2023 224
Net Book Value
As at 31 July 2023 -
As at 1 August 2022 19
5. Stock
2023 2022
£ £
Finished goods - 3,470
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 9,608 9,977
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
VAT 1,161 1,715
Accruals and deferred income 970 650
Directors' loan accounts 145,544 139,164
147,675 141,529
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5