Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07726195 Mr Paul Pringle Mr Mark Wrightson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07726195 2023-03-31 07726195 2024-03-31 07726195 2023-04-01 2024-03-31 07726195 frs-core:CurrentFinancialInstruments 2024-03-31 07726195 frs-core:Non-currentFinancialInstruments 2024-03-31 07726195 frs-core:ComputerEquipment 2024-03-31 07726195 frs-core:ComputerEquipment 2023-04-01 2024-03-31 07726195 frs-core:ComputerEquipment 2023-03-31 07726195 frs-core:FurnitureFittings 2024-03-31 07726195 frs-core:FurnitureFittings 2023-04-01 2024-03-31 07726195 frs-core:FurnitureFittings 2023-03-31 07726195 frs-core:NetGoodwill 2024-03-31 07726195 frs-core:NetGoodwill 2023-04-01 2024-03-31 07726195 frs-core:NetGoodwill 2023-03-31 07726195 frs-core:ShareCapital 2024-03-31 07726195 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07726195 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07726195 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07726195 frs-bus:SmallEntities 2023-04-01 2024-03-31 07726195 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07726195 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07726195 frs-bus:Director1 2023-04-01 2024-03-31 07726195 frs-bus:Director2 2023-04-01 2024-03-31 07726195 frs-countries:EnglandWales 2023-04-01 2024-03-31 07726195 2022-03-31 07726195 2023-03-31 07726195 2022-04-01 2023-03-31 07726195 frs-core:CurrentFinancialInstruments 2023-03-31 07726195 frs-core:Non-currentFinancialInstruments 2023-03-31 07726195 frs-core:ShareCapital 2023-03-31 07726195 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07726195
Alvinos (North East) Limited
Financial Statements
For The Year Ended 31 March 2024
KP Simpson South Shields Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07726195
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 22,236 27,335
22,236 27,335
CURRENT ASSETS
Stocks 6 18,678 18,678
Debtors 7 303,853 280,233
Cash at bank and in hand 142,288 214,144
464,819 513,055
Creditors: Amounts Falling Due Within One Year 8 (135,400 ) (139,656 )
NET CURRENT ASSETS (LIABILITIES) 329,419 373,399
TOTAL ASSETS LESS CURRENT LIABILITIES 351,655 400,734
PROVISIONS FOR LIABILITIES
Deferred Taxation - (6,385 )
NET ASSETS 351,655 394,349
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 351,555 394,249
SHAREHOLDERS' FUNDS 351,655 394,349
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 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 Paul Pringle
Director
30/04/2024
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
Alvinos (North East) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07726195 . The registered office is 17 Westgate Road, Newcastle, NE1 1SE.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
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 25%
Computer Equipment 25%
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.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 27 (2023: 27)
27 27
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 4,487
As at 31 March 2024 4,487
Amortisation
As at 1 April 2023 4,487
As at 31 March 2024 4,487
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 85,712 14,270 99,982
Additions 2,400 1,295 3,695
As at 31 March 2024 88,112 15,565 103,677
Depreciation
As at 1 April 2023 62,717 9,930 72,647
Provided during the period 7,385 1,409 8,794
As at 31 March 2024 70,102 11,339 81,441
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 March 2024 18,010 4,226 22,236
As at 1 April 2023 22,995 4,340 27,335
6. Stocks
2024 2023
£ £
Finished goods 18,678 18,678
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 6,206
Other debtors - 1,110
Drinx Leisure Intercompany (34,803) 4,262
(34,803 ) 11,578
Due after more than one year
Intermezzo Intercompany (1,131 ) (1,132 )
Drinx Holdings Intercompany 339,787 269,787
338,656 268,655
303,853 280,233
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 52,210 47,717
Corporation tax - 12,148
Other taxes and social security 6,347 4,397
VAT 19,236 22,072
Net wages 6,391 -
Pension Liability 357 -
Accruals and deferred income 4,422 3,585
Directors' loan accounts 124 2,324
Paul James Intercompany 46,313 47,413
135,400 139,656
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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