Acorah Software Products - Accounts Production 15.0.600 false true true 30 June 2023 1 July 2022 true No description of principal activity 1 July 2023 30 June 2024 30 June 2024 13585473 Mr Thomas Walenkamp Mr Paul Beare Ms Kylie Turner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13585473 2023-06-30 13585473 2024-06-30 13585473 2023-07-01 2024-06-30 13585473 frs-core:CurrentFinancialInstruments 2024-06-30 13585473 frs-core:Non-currentFinancialInstruments 2024-06-30 13585473 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 13585473 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 13585473 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-30 13585473 frs-core:PlantMachinery 2024-06-30 13585473 frs-core:PlantMachinery 2023-07-01 2024-06-30 13585473 frs-core:PlantMachinery 2023-06-30 13585473 frs-core:ShareCapital 2024-06-30 13585473 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 13585473 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13585473 frs-bus:FullAccounts 2023-07-01 2024-06-30 13585473 frs-bus:SmallEntities 2023-07-01 2024-06-30 13585473 frs-bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 13585473 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 13585473 frs-bus:SmallCompaniesRegimeForDirectorsReport 2023-07-01 2024-06-30 13585473 frs-bus:Director1 2023-07-01 2024-06-30 13585473 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 13585473 frs-bus:CompanySecretary2 2023-07-01 2024-06-30 13585473 frs-countries:EnglandWales 2023-07-01 2024-06-30 13585473 2022-06-30 13585473 2023-06-30 13585473 2022-07-01 2023-06-30 13585473 frs-core:CurrentFinancialInstruments 2023-06-30 13585473 frs-core:Non-currentFinancialInstruments 2023-06-30 13585473 frs-core:ShareCapital 2023-06-30 13585473 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 13585473
Good Pair Days Ltd
Director's Report and
Unaudited Financial Statements
For The Year Ended 30 June 2024
Paul Beare Ltd
Contents
Page
Company Information 1
Director's Report 2
Accountant's Report 3
Profit and Loss Account 4
Balance Sheet 5—6
Notes to the Financial Statements 7—9
Page 1
Company Information
Director Mr Thomas Walenkamp
Secretaries Mr Paul Beare
Ms Kylie Turner
Company Number 13585473
Registered Office 49 Greek Street
London
W1D 4EG
Accountants Paul Beare Ltd
49 Greek Street
London
Greater London
W1D 4EG
Page 1
Page 2
Director's Report
The director presents his report and the financial statements for the year ended 30 June 2024.
Directors
The director who held office during the year were as follows:
Mr Thomas Walenkamp
Statement of Director's Responsibilities
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to: 
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Thomas Walenkamp
Director
14/10/2024
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Accountant's Report
In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.
You have acknowledged on the balance sheet as at year ended 30 June 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Paul Beare Ltd
01/10/2024
Paul Beare Ltd
49 Greek Street
London
Greater London
W1D 4EG
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Profit and Loss Account
2024 2023
Notes £ £
TURNOVER 7,208,146 5,208,335
Cost of sales (5,185,303 ) (4,014,041 )
GROSS PROFIT 2,022,843 1,194,294
Distribution costs (943,462 ) (709,824 )
Administrative expenses (1,498,134 ) (1,338,648 )
OPERATING LOSS (418,753 ) (854,178 )
Interest payable and similar charges (9,325 ) (4,184 )
LOSS FOR THE FINANCIAL YEAR (428,078 ) (858,362 )
The notes on pages 7 to 9 form part of these financial statements.
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Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 867,369 -
867,369 -
CURRENT ASSETS
Stocks 5 1,296,219 1,104,308
Debtors 6 200,632 275,435
Cash at bank and in hand 121,847 414,162
1,618,698 1,793,905
Creditors: Amounts Falling Due Within One Year 7 (2,736,420 ) (2,411,566 )
NET CURRENT ASSETS (LIABILITIES) (1,117,722 ) (617,661 )
TOTAL ASSETS LESS CURRENT LIABILITIES (250,353 ) (617,661 )
Creditors: Amounts Falling Due After More Than One Year 8 (2,065,189 ) (1,279,021 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (9,218 ) -
NET LIABILITIES (2,324,760 ) (1,896,682 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (2,324,860 ) (1,896,782 )
SHAREHOLDERS' FUNDS (2,324,760) (1,896,682)
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For the year ending 30 June 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 in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mr Thomas Walenkamp
Director
14/10/2024
The notes on pages 7 to 9 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Good Pair Days Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13585473 . The registered office is 49 Greek Street, London, W1D 4EG.
The company is a 100% owned by Wine Gallery PTY Ltd registered in NSW, Australia.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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 20%
Plant & Machinery 10%
2.5. 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 profit and loss account as incurred.
2.6. 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. Stocks are retained using the First in First out (FIFO) valuation method.
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.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: )
7 -
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 July 2023 - - -
Additions 874,200 19,476 893,676
As at 30 June 2024 874,200 19,476 893,676
Depreciation
As at 1 July 2023 - - -
Provided during the period 26,307 - 26,307
As at 30 June 2024 26,307 - 26,307
Net Book Value
As at 30 June 2024 847,893 19,476 867,369
As at 1 July 2023 - - -
Cost or valuation as at 30 June 2024 represented by:
Land & Property
Leasehold Plant & Machinery Total
£ £ £
At cost 874,200 19,476 893,676
874,200 19,476 893,676
Each class of property, plant and equipment is carried at cost or fair value less, where applicable, any accumulated depreciation and impairment.
5. Stocks
2024 2023
£ £
Stock - 44
Materials 266,320 407,201
Finished goods 512,600 361,569
Work in progress 517,299 335,494
1,296,219 1,104,308
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6. Debtors
2024 2023
£ £
Due within one year
Other debtors 200,632 275,435
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 711,329 518,033
Amounts owed to group undertakings 1,755,099 1,753,440
Other creditors 90,950 31,833
Taxation and social security 179,042 108,260
2,736,420 2,411,566
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to group undertakings 1,287,867 1,279,021
Other creditors 777,322 -
2,065,189 1,279,021
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Pension Commitments
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £3207 (PY £733 ) were due to the fund. They are included in Pension creditors.
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