Acorah Software Products - Accounts Production 16.0.110 false true true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 11955482 Mr P M Richardson Miss S Anderson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11955482 2023-04-30 11955482 2024-04-30 11955482 2023-05-01 2024-04-30 11955482 frs-core:CurrentFinancialInstruments 2024-04-30 11955482 frs-core:Non-currentFinancialInstruments 2024-04-30 11955482 frs-core:FurnitureFittings 2023-05-01 2024-04-30 11955482 frs-core:PlantMachinery 2024-04-30 11955482 frs-core:PlantMachinery 2023-05-01 2024-04-30 11955482 frs-core:PlantMachinery 2023-04-30 11955482 frs-core:ShareCapital 2024-04-30 11955482 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 11955482 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11955482 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 11955482 frs-bus:SmallEntities 2023-05-01 2024-04-30 11955482 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11955482 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11955482 frs-bus:Director1 2023-05-01 2024-04-30 11955482 frs-bus:Director2 2023-05-01 2024-04-30 11955482 frs-countries:EnglandWales 2023-05-01 2024-04-30 11955482 2022-04-30 11955482 2023-04-30 11955482 2022-05-01 2023-04-30 11955482 frs-core:CurrentFinancialInstruments 2023-04-30 11955482 frs-core:Non-currentFinancialInstruments 2023-04-30 11955482 frs-core:ShareCapital 2023-04-30 11955482 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 11955482
The White Rhino Gin Company Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
HB Associates
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11955482
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 925 -
925 -
CURRENT ASSETS
Stocks 5 10,142 5,576
Debtors 6 1,724 146
Cash at bank and in hand 2,732 3,893
14,598 9,615
Creditors: Amounts Falling Due Within One Year 7 (68,262 ) (41,650 )
NET CURRENT ASSETS (LIABILITIES) (53,664 ) (32,035 )
TOTAL ASSETS LESS CURRENT LIABILITIES (52,739 ) (32,035 )
Creditors: Amounts Falling Due After More Than One Year 8 (15,384 ) -
NET LIABILITIES (68,123 ) (32,035 )
CAPITAL AND RESERVES
Called up share capital 300 300
Profit and Loss Account (68,423 ) (32,335 )
SHAREHOLDERS' FUNDS (68,123) (32,035)
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For the year ending 30 April 2024 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 P M Richardson
Director
28/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
The White Rhino Gin Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11955482 . The registered office is Cheyenne House, West Street, Farnham, Surrey, GU9 7EQ.
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.
The financial statements are presented in sterling (£), which is also the functional currency of the company.
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measure as the fair value of the consideration received or receivable, excluding discounts, rebates , value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:
Sales of goods
Turnover from the sales of goods is recognised when all of the following conditions are satisified:
  • the Company has transferred the significant risks and rewards of ownership to the buyer;
  • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
  • the amount of turnover can be measured reliably;
  • it is probable that the Company will receive the consideration due under the transaction; and
  • the costs incurred or to be incurred in respect of the transaction can be measured 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:
Fixtures & Fittings 3 years straight line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 May 2023 -
Additions 1,123
As at 30 April 2024 1,123
Depreciation
As at 1 May 2023 -
Provided during the period 198
As at 30 April 2024 198
Net Book Value
As at 30 April 2024 925
As at 1 May 2023 -
5. Stocks
2024 2023
£ £
Stock 10,142 5,576
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,557 -
Other debtors 167 146
1,724 146
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,936 -
Bank loans and overdrafts 4,052 -
Other creditors 59,274 41,650
68,262 41,650
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 15,384 -
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9. Related Party Transactions
At 30 April 2024, the company owed J R Heeds (a former Director and a shareholder of the company) £13,141 (2023: £13,905). There is no interest accruing on the loan and the balance is repayable in full when the company reaches £1m in turnover in one financial year.
At 30 April 2024, the company owed M F Hall (a former Director and a shareholder of the company) £13,141 (2023: £13,905). There is no interest accruing on the loan and the balance is repayable in full when the company reaches £1m in turnover in one financial year.
At 30 April 2024, the company owed B James (a former Director and a shareholder of the company) £12,640 (2023: £12,640). There is no interest accruing on the loan and the balance is repayable in full when the company reaches £1m in turnover in one financial year.
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