Acorah Software Products - Accounts Production 14.6.300 false true 31 May 2022 1 June 2021 false 1 June 2022 31 October 2023 31 October 2023 08057064 Mr Stephen Winter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08057064 2022-05-31 08057064 2023-10-31 08057064 2022-06-01 2023-10-31 08057064 frs-core:CurrentFinancialInstruments 2023-10-31 08057064 frs-core:Non-currentFinancialInstruments 2023-10-31 08057064 frs-core:ComputerEquipment 2023-10-31 08057064 frs-core:ComputerEquipment 2022-06-01 2023-10-31 08057064 frs-core:ComputerEquipment 2022-05-31 08057064 frs-core:FurnitureFittings 2023-10-31 08057064 frs-core:FurnitureFittings 2022-06-01 2023-10-31 08057064 frs-core:FurnitureFittings 2022-05-31 08057064 frs-core:MotorVehicles 2023-10-31 08057064 frs-core:MotorVehicles 2022-06-01 2023-10-31 08057064 frs-core:MotorVehicles 2022-05-31 08057064 frs-core:PlantMachinery 2023-10-31 08057064 frs-core:PlantMachinery 2022-06-01 2023-10-31 08057064 frs-core:PlantMachinery 2022-05-31 08057064 frs-core:ShareCapital 2023-10-31 08057064 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 08057064 frs-bus:PrivateLimitedCompanyLtd 2022-06-01 2023-10-31 08057064 frs-bus:FilletedAccounts 2022-06-01 2023-10-31 08057064 frs-bus:SmallEntities 2022-06-01 2023-10-31 08057064 frs-bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-10-31 08057064 frs-bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-10-31 08057064 frs-bus:Director1 2022-06-01 2023-10-31 08057064 frs-countries:EnglandWales 2022-06-01 2023-10-31 08057064 2021-05-31 08057064 2022-05-31 08057064 2021-06-01 2022-05-31 08057064 frs-core:CurrentFinancialInstruments 2022-05-31 08057064 frs-core:Non-currentFinancialInstruments 2022-05-31 08057064 frs-core:ShareCapital 2022-05-31 08057064 frs-core:RetainedEarningsAccumulatedLosses 2022-05-31
Registered number: 08057064
R2 Distillers Ltd
Unaudited Financial Statements
For the Period 1 June 2022 to 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08057064
31 October 2023 31 May 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,020 16,007
22,020 16,007
CURRENT ASSETS
Stocks 5 33,157 42,743
Debtors 6 3,603 2,949
Cash at bank and in hand 3,749 50,668
40,509 96,360
Creditors: Amounts Falling Due Within One Year 7 (127,893 ) (191,770 )
NET CURRENT ASSETS (LIABILITIES) (87,384 ) (95,410 )
TOTAL ASSETS LESS CURRENT LIABILITIES (65,364 ) (79,403 )
Creditors: Amounts Falling Due After More Than One Year 8 (8,376 ) (15,008 )
NET LIABILITIES (73,740 ) (94,411 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (73,840 ) (94,511 )
SHAREHOLDERS' FUNDS (73,740) (94,411)
Page 1
Page 2
For the period ending 31 October 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 Stephen Winter
Director
22/07/2024
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
R2 Distillers Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08057064 . The registered office is c/o Wintech Modular Projects, Bulbs Industrial Estate, Snape Lane, Harworth, Doncaster, DN11 8SP.
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% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% straight line
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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2022: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2022 38,745 15,689 4,375 1,799 60,608
Additions 14,400 - - - 14,400
Disposals - - (370 ) (1,799 ) (2,169 )
As at 31 October 2023 53,145 15,689 4,005 - 72,839
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 June 2022 37,163 2,942 3,546 950 44,601
Provided during the period 2,466 4,515 557 849 8,387
Disposals - - (370 ) (1,799 ) (2,169 )
As at 31 October 2023 39,629 7,457 3,733 - 50,819
Net Book Value
As at 31 October 2023 13,516 8,232 272 - 22,020
As at 1 June 2022 1,582 12,747 829 849 16,007
5. Stocks
31 October 2023 31 May 2022
£ £
Stock 33,157 31,759
Work in progress - 10,984
33,157 42,743
6. Debtors
31 October 2023 31 May 2022
£ £
Due within one year
Trade debtors 1,600 2,305
Other debtors 2,003 644
3,603 2,949
7. Creditors: Amounts Falling Due Within One Year
31 October 2023 31 May 2022
£ £
Trade creditors 2,780 2,063
Bank loans and overdrafts 5,000 5,000
Other creditors 118,607 179,523
Taxation and social security 1,506 5,184
127,893 191,770
8. Creditors: Amounts Falling Due After More Than One Year
31 October 2023 31 May 2022
£ £
Bank loans 8,376 15,008
9. Share Capital
31 October 2023 31 May 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4
Page 5
10. Related Party Transactions
During the year the company receieved a loan from group company, Wintech Modular Projects Limited, at the balance sheet date the balance included in other creditors was £99,916 (2022 - £nil).
During the year the company receieved a loan from its parent company, Wintech Holdings Limited, at the balance sheet date the balance included in other creditors was £1,623 (2022 - £12,301 included in other debtors).
Page 5