Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 SC621684 Mrs Caroline Ross Mr Simon Ross iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC621684 2023-02-28 SC621684 2024-02-28 SC621684 2023-03-01 2024-02-28 SC621684 frs-core:CurrentFinancialInstruments 2024-02-28 SC621684 frs-core:ComputerEquipment 2024-02-28 SC621684 frs-core:ComputerEquipment 2023-03-01 2024-02-28 SC621684 frs-core:ComputerEquipment 2023-02-28 SC621684 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-01 2024-02-28 SC621684 frs-core:OtherResidualIntangibleAssets 2024-02-28 SC621684 frs-core:OtherResidualIntangibleAssets 2023-03-01 2024-02-28 SC621684 frs-core:OtherResidualIntangibleAssets 2023-02-28 SC621684 frs-core:PlantMachinery 2024-02-28 SC621684 frs-core:PlantMachinery 2023-03-01 2024-02-28 SC621684 frs-core:PlantMachinery 2023-02-28 SC621684 frs-core:ShareCapital 2024-02-28 SC621684 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 SC621684 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 SC621684 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 SC621684 frs-bus:SmallEntities 2023-03-01 2024-02-28 SC621684 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 SC621684 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 SC621684 frs-bus:Director1 2023-03-01 2024-02-28 SC621684 frs-bus:Director2 2023-03-01 2024-02-28 SC621684 frs-countries:Scotland 2023-03-01 2024-02-28 SC621684 2022-02-28 SC621684 2023-02-28 SC621684 2022-03-01 2023-02-28 SC621684 frs-core:CurrentFinancialInstruments 2023-02-28 SC621684 frs-core:ShareCapital 2023-02-28 SC621684 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: SC621684
Spirit O' Clyde Drinks Company Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC621684
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,681 1,961
Tangible Assets 5 564 811
2,245 2,772
CURRENT ASSETS
Stocks 6 8,510 11,000
Debtors 7 - 1,335
Cash at bank and in hand 1,265 21,955
9,775 34,290
Creditors: Amounts Falling Due Within One Year 8 (21,540 ) (47,870 )
NET CURRENT ASSETS (LIABILITIES) (11,765 ) (13,580 )
TOTAL ASSETS LESS CURRENT LIABILITIES (9,520 ) (10,808 )
NET LIABILITIES (9,520 ) (10,808 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (9,620 ) (10,908 )
SHAREHOLDERS' FUNDS (9,520) (10,808)
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For the year ending 28 February 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 Simon Ross
Director
28/11/2024
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
Spirit O' Clyde Drinks Company Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC621684 . The registered office is 76 Dumbarton Road, Clydebank, Glasgow, G81 1UG.
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 - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Patents and licences are being amortised evenly over their estimated economic life of 10 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:
Plant & Machinery 25% reducing balance
Computer Equipment 33% reducing balance
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. Intangible Assets
Other
£
Cost
As at 1 March 2023 2,802
As at 28 February 2024 2,802
Amortisation
As at 1 March 2023 841
Provided during the period 280
As at 28 February 2024 1,121
Net Book Value
As at 28 February 2024 1,681
As at 1 March 2023 1,961
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 448 1,200 1,648
As at 28 February 2024 448 1,200 1,648
Depreciation
As at 1 March 2023 198 639 837
Provided during the period 62 185 247
As at 28 February 2024 260 824 1,084
Net Book Value
As at 28 February 2024 188 376 564
As at 1 March 2023 250 561 811
6. Stocks
2024 2023
£ £
Stock 8,510 11,000
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 1,335
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) 1,693
Accruals and deferred income 954 894
Directors' loan accounts 20,587 45,283
21,540 47,870
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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