Acorah Software Products - Accounts Production 16.0.110 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC223259 Mr Robert Haston Mr Angus Macmillan false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC223259 2023-03-31 SC223259 2024-03-31 SC223259 2023-04-01 2024-03-31 SC223259 frs-core:CurrentFinancialInstruments 2024-03-31 SC223259 frs-core:Non-currentFinancialInstruments 2024-03-31 SC223259 frs-core:BetweenOneFiveYears 2024-03-31 SC223259 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 SC223259 frs-core:FurnitureFittings 2024-03-31 SC223259 frs-core:FurnitureFittings 2023-04-01 2024-03-31 SC223259 frs-core:FurnitureFittings 2023-03-31 SC223259 frs-core:NetGoodwill 2024-03-31 SC223259 frs-core:NetGoodwill 2023-04-01 2024-03-31 SC223259 frs-core:NetGoodwill 2023-03-31 SC223259 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 SC223259 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 SC223259 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 SC223259 frs-core:OtherResidualIntangibleAssets 2024-03-31 SC223259 frs-core:OtherResidualIntangibleAssets 2023-03-31 SC223259 frs-core:ShareCapital 2024-03-31 SC223259 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC223259 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC223259 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC223259 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC223259 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC223259 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC223259 1 2023-04-01 2024-03-31 SC223259 frs-bus:Director1 2023-04-01 2024-03-31 SC223259 frs-bus:Director2 2023-04-01 2024-03-31 SC223259 frs-countries:Scotland 2023-04-01 2024-03-31 SC223259 2022-03-31 SC223259 2023-03-31 SC223259 2022-04-01 2023-03-31 SC223259 frs-core:CurrentFinancialInstruments 2023-03-31 SC223259 frs-core:Non-currentFinancialInstruments 2023-03-31 SC223259 frs-core:BetweenOneFiveYears 2023-03-31 SC223259 frs-core:WithinOneYear 2023-03-31 SC223259 frs-core:ShareCapital 2023-03-31 SC223259 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC223259
Drinkchain Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Jeffrey A C Meek LLP
Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC223259
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 60,634 73,878
60,634 73,878
CURRENT ASSETS
Stocks 6 17,677 20,229
Debtors 7 62,159 51,733
Cash at bank and in hand 86,349 143,368
166,185 215,330
Creditors: Amounts Falling Due Within One Year 8 (386,780 ) (384,102 )
NET CURRENT ASSETS (LIABILITIES) (220,595 ) (168,772 )
TOTAL ASSETS LESS CURRENT LIABILITIES (159,961 ) (94,894 )
Creditors: Amounts Falling Due After More Than One Year 9 (13,333 ) (23,333 )
NET LIABILITIES (173,294 ) (118,227 )
CAPITAL AND RESERVES
Called up share capital 10 160,000 160,000
Profit and Loss Account (333,294 ) (278,227 )
SHAREHOLDERS' FUNDS (173,294) (118,227)
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 Angus Macmillan
Director
28th November 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
Drinkchain Limited is a private company, limited by shares, incorporated in Scotland, registered number SC223259 . The registered office is Units 7A & B, Phase 2, The Mercat Centre, Kirkcaldy, Fife, KY1 1NJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. 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.


2.4. 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 net assets. It is amortised to profit and loss account over its estimated economic life which is over the life of the lease
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets acquired seperately from a business are recognised at cost and are subsequently measured at cost less accumlated amortisation and accumulated impairment losses

Franchise rights are amortised to profit and loss account over the life of the lease.
2.6. 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 Depreciated over period of the lease
Fixtures & Fittings 20% straight line
2.7. 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 31 (2023: 39)
31 39
Page 3
Page 4
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 April 2023 27,004 91,500 118,504
As at 31 March 2024 27,004 91,500 118,504
Amortisation
As at 1 April 2023 27,004 91,500 118,504
As at 31 March 2024 27,004 91,500 118,504
Net Book Value
As at 31 March 2024 - - -
As at 1 April 2023 - - -
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 121,026 364,327 485,353
Additions 5,176 6,663 11,839
As at 31 March 2024 126,202 370,990 497,192
Depreciation
As at 1 April 2023 107,707 303,768 411,475
Provided during the period 4,166 20,917 25,083
As at 31 March 2024 111,873 324,685 436,558
Net Book Value
As at 31 March 2024 14,329 46,305 60,634
As at 1 April 2023 13,319 60,559 73,878
6. Stocks
2024 2023
£ £
Finished goods 17,677 20,229
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 17,748 4,786
Deferred tax current asset 44,411 44,411
62,159 49,197
Due after more than one year
Deferred tax current asset - 2,536
62,159 51,733
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 127,109 105,267
Bank loans and overdrafts 8,333 8,333
Corporation tax 75 -
Other taxes and social security 8,305 8,684
VAT 32,554 44,428
Pensions 634 758
Accruals and deferred income 4,000 16,532
Director's loan R Haston 99,290 96,005
Director's loan A Macmillan 106,480 104,095
386,780 384,102
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,333 23,333
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 160,000 160,000
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year - 129,600
Later than one year and not later than five years 572,055 742,967
572,055 872,567
12. Controlling Party
The company was under the control of both Mr R B Haston and Mr A Macmillan throughgout the current and previous year.
Page 5