Acorah Software Products - Accounts Production 15.0.500 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06502903 Mr M Day Ms G Day iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06502903 2023-03-31 06502903 2024-03-31 06502903 2023-04-01 2024-03-31 06502903 frs-core:CurrentFinancialInstruments 2024-03-31 06502903 frs-core:Non-currentFinancialInstruments 2024-03-31 06502903 frs-core:FurnitureFittings 2024-03-31 06502903 frs-core:FurnitureFittings 2023-04-01 2024-03-31 06502903 frs-core:FurnitureFittings 2023-03-31 06502903 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 06502903 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 06502903 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 06502903 frs-core:ShareCapital 2024-03-31 06502903 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06502903 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06502903 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06502903 frs-bus:SmallEntities 2023-04-01 2024-03-31 06502903 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06502903 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06502903 frs-bus:Director1 2023-04-01 2024-03-31 06502903 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 06502903 frs-countries:EnglandWales 2023-04-01 2024-03-31 06502903 2022-03-31 06502903 2023-03-31 06502903 2022-04-01 2023-03-31 06502903 frs-core:CurrentFinancialInstruments 2023-03-31 06502903 frs-core:Non-currentFinancialInstruments 2023-03-31 06502903 frs-core:ShareCapital 2023-03-31 06502903 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06502903
Daygustation Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Mikailian & Co
Suite 8, 1-3 Little Titchfield Street
London
W1W 7BU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06502903
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,191 13,409
11,191 13,409
CURRENT ASSETS
Stocks 5 34,000 42,000
Debtors 6 46,752 51,603
Cash at bank and in hand 872 1,297
81,624 94,900
Creditors: Amounts Falling Due Within One Year 7 (85,790 ) (92,030 )
NET CURRENT ASSETS (LIABILITIES) (4,166 ) 2,870
TOTAL ASSETS LESS CURRENT LIABILITIES 7,025 16,279
Creditors: Amounts Falling Due After More Than One Year 8 (113,717 ) (66,752 )
NET LIABILITIES (106,692 ) (50,473 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (106,792 ) (50,573 )
SHAREHOLDERS' FUNDS (106,692) (50,473)
Page 1
Page 2
For the year ending 31 March 2024 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 M Day
Director
06/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Daygustation Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06502903 . The registered office is Suite 8, 1-3 Little Titchfield Street, London, W1W 7BU.
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 stated at cost less depreciation. 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 0%
Fixtures & Fittings 25%
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 year was:
2024 2023
Sales, marketing and distribution 1 1
1 1
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 750 36,170 36,920
Additions - 1,263 1,263
As at 31 March 2024 750 37,433 38,183
...CONTINUED
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Page 4
Depreciation
As at 1 April 2023 - 23,511 23,511
Provided during the period - 3,481 3,481
As at 31 March 2024 - 26,992 26,992
Net Book Value
As at 31 March 2024 750 10,441 11,191
As at 1 April 2023 750 12,659 13,409
5. Stocks
2024 2023
£ £
Materials 34,000 42,000
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 19,563 13,696
Other debtors 27,189 37,907
46,752 51,603
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 44,440 66,179
Other taxes and social security 19,460 13,647
Accruals and deferred income 21,890 12,204
85,790 92,030
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 113,717 66,752
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Dividends
2024 2023
£ £
On equity shares:
Page 4