Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 10561122 Ms Katherine Doyle Mr Elliott Doyle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10561122 2023-01-31 10561122 2024-01-31 10561122 2023-02-01 2024-01-31 10561122 frs-core:CurrentFinancialInstruments 2024-01-31 10561122 frs-core:Non-currentFinancialInstruments 2024-01-31 10561122 frs-core:ComputerEquipment 2024-01-31 10561122 frs-core:ComputerEquipment 2023-02-01 2024-01-31 10561122 frs-core:ComputerEquipment 2023-01-31 10561122 frs-core:FurnitureFittings 2024-01-31 10561122 frs-core:FurnitureFittings 2023-02-01 2024-01-31 10561122 frs-core:FurnitureFittings 2023-01-31 10561122 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 10561122 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 10561122 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-31 10561122 frs-core:ShareCapital 2024-01-31 10561122 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 10561122 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10561122 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 10561122 frs-bus:SmallEntities 2023-02-01 2024-01-31 10561122 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10561122 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 10561122 frs-bus:Director1 2023-02-01 2024-01-31 10561122 frs-bus:Director2 2023-02-01 2024-01-31 10561122 frs-countries:EnglandWales 2023-02-01 2024-01-31 10561122 2022-01-31 10561122 2023-01-31 10561122 2022-02-01 2023-01-31 10561122 frs-core:CurrentFinancialInstruments 2023-01-31 10561122 frs-core:Non-currentFinancialInstruments 2023-01-31 10561122 frs-core:ShareCapital 2023-01-31 10561122 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 10561122
Pickled Spirits Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Jon Davies Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10561122
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 36,656 14,309
36,656 14,309
CURRENT ASSETS
Stocks 5 9,500 12,438
Debtors 6 - 652
Cash at bank and in hand 1,928 328
11,428 13,418
Creditors: Amounts Falling Due Within One Year 7 (68,114 ) (45,738 )
NET CURRENT ASSETS (LIABILITIES) (56,686 ) (32,320 )
TOTAL ASSETS LESS CURRENT LIABILITIES (20,030 ) (18,011 )
Creditors: Amounts Falling Due After More Than One Year 8 (29,656 ) (31,778 )
NET LIABILITIES (49,686 ) (49,789 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (49,786 ) (49,889 )
SHAREHOLDERS' FUNDS (49,686) (49,789)
Page 1
Page 2
For the year ending 31 January 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
Ms Katherine Doyle
Director
31 October 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
Pickled Spirits Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10561122 . The registered office is 12 Woolton Street, Liverpool, L25 5JA.
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:
Leasehold Straight line over 5 years
Fixtures & Fittings Straight line over 5 years
Computer Equipment Straight line over 3 years
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: 6 (2023: 6)
6 6
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 11,449 25,002 2,608 39,059
Additions 26,658 2,705 - 29,363
As at 31 January 2024 38,107 27,707 2,608 68,422
Depreciation
As at 1 February 2023 191 21,951 2,608 24,750
Provided during the period 4,747 2,269 - 7,016
As at 31 January 2024 4,938 24,220 2,608 31,766
...CONTINUED
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Page 4
Net Book Value
As at 31 January 2024 33,169 3,487 - 36,656
As at 1 February 2023 11,258 3,051 - 14,309
5. Stocks
2024 2023
£ £
Finished goods 9,500 12,438
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 652
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,734 6,011
Bank loans and overdrafts 11,951 6,730
Other taxes and social security 7,104 23,047
VAT 14,026 6,388
Accruals and deferred income 824 748
Directors' loan accounts 22,475 2,814
68,114 45,738
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 29,656 31,778
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4