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 05669228 Mr Jaswinder Thind Mr Harjinder Thind Mr S Thind Mr Harjinder Thind iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05669228 2023-03-31 05669228 2024-03-31 05669228 2023-04-01 2024-03-31 05669228 frs-core:Non-currentFinancialInstruments 2024-03-31 05669228 frs-core:FurnitureFittings 2023-04-01 2024-03-31 05669228 frs-core:NetGoodwill 2023-04-01 2024-03-31 05669228 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 05669228 frs-core:MotorVehicles 2023-04-01 2024-03-31 05669228 frs-core:ShareCapital 2024-03-31 05669228 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05669228 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05669228 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 05669228 frs-bus:SmallEntities 2023-04-01 2024-03-31 05669228 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05669228 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05669228 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 05669228 frs-bus:OrdinaryShareClass1 2024-03-31 05669228 frs-bus:Director1 2023-04-01 2024-03-31 05669228 frs-bus:Director2 2023-04-01 2024-03-31 05669228 frs-bus:Director3 2023-04-01 2024-03-31 05669228 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 05669228 frs-countries:EnglandWales 2023-04-01 2024-03-31 05669228 2022-03-31 05669228 2023-03-31 05669228 2022-04-01 2023-03-31 05669228 frs-core:Non-currentFinancialInstruments 2023-03-31 05669228 frs-core:ShareCapital 2023-03-31 05669228 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 05669228 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31
Registered number: 05669228
THIND WINE MERCHANTS LIMITED
ABRIDGED Financial Statements
For The Year Ended 31 March 2024
C K R
Chartered Certified Accountants
C K R House
70 East Hill
Dartford
Kent
DA1 1RZ
Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 05669228
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 52,500 52,500
Tangible Assets 4 6,647 8,331
59,147 60,831
CURRENT ASSETS
Stocks 32,750 35,100
Debtors 7,993 7,935
Cash at bank and in hand 204,952 220,348
245,695 263,383
Creditors: Amounts Falling Due Within One Year (52,355 ) (45,964 )
NET CURRENT ASSETS (LIABILITIES) 193,340 217,419
TOTAL ASSETS LESS CURRENT LIABILITIES 252,487 278,250
Creditors: Amounts Falling Due After More Than One Year (20,773 ) (30,875 )
NET ASSETS 231,714 247,375
CAPITAL AND RESERVES
Called up share capital 5 3 3
Profit and Loss Account 231,711 247,372
SHAREHOLDERS' FUNDS 231,714 247,375
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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Harjinder Thind
Director
8 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3. 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.
1.4. 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 21 years of lease to 2033
Motor Vehicles 25% reducing balance basis
Fixtures & Fittings 20% reducing balance basis
1.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
1.6. 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 year 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.
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 asset reflects 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. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 3
Page 4
3. Intangible Assets
Total
£
Cost
As at 1 April 2023 52,500
As at 31 March 2024 52,500
Net Book Value
As at 31 March 2024 52,500
As at 1 April 2023 52,500
4. Tangible Assets
Total
£
Cost
As at 1 April 2023 48,960
As at 31 March 2024 48,960
Depreciation
As at 1 April 2023 40,629
Provided during the period 1,684
As at 31 March 2024 42,313
Net Book Value
As at 31 March 2024 6,647
As at 1 April 2023 8,331
5. Share Capital
2024 2023
Allotted, called up and fully paid £ £
3 Ordinary Shares of £ 1 each 3 3
6. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 45,000 27,000
45,000 27,000
Page 4