Acorah Software Products - Accounts Production 16.0.110 false true true 31 March 2023 31 March 2022 false 1 April 2023 31 March 2024 31 March 2024 SC728182 Mr Cihangir Dursun iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC728182 2023-03-31 SC728182 2024-03-31 SC728182 2023-04-01 2024-03-31 SC728182 frs-core:CurrentFinancialInstruments 2024-03-31 SC728182 frs-core:Non-currentFinancialInstruments 2024-03-31 SC728182 frs-core:ShareCapital 2024-03-31 SC728182 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC728182 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC728182 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC728182 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC728182 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC728182 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC728182 frs-bus:Director1 2023-04-01 2024-03-31 SC728182 frs-countries:Scotland 2023-04-01 2024-03-31 SC728182 2022-03-30 SC728182 2023-03-31 SC728182 2022-03-31 2023-03-31 SC728182 frs-core:CurrentFinancialInstruments 2023-03-31 SC728182 frs-core:Non-currentFinancialInstruments 2023-03-31 SC728182 frs-core:ShareCapital 2023-03-31 SC728182 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC728182
Mosaik Spirits Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Sutherland Black
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC728182
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 625 1,259
Cash at bank and in hand 18,396 22,221
19,021 23,480
Creditors: Amounts Falling Due Within One Year 5 (30,206 ) (36,991 )
NET CURRENT ASSETS (LIABILITIES) (11,185 ) (13,511 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,185 ) (13,511 )
Creditors: Amounts Falling Due After More Than One Year 6 (10,037 ) -
NET LIABILITIES (21,222 ) (13,511 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (21,322 ) (13,611 )
SHAREHOLDERS' FUNDS (21,222) (13,511)
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Cihangir Dursun
Director
29/08/2024
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
Mosaik Spirits Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC728182 . The registered office is 272 , Bath Street, Glasgow, G2 4JR.
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. Going Concern Disclosure
The director has identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
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.
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.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 159
VAT 625 1,100
625 1,259
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Enterprise Fund Loan < 1 year 3,346 -
Accruals and deferred income - 474
Director's loan account 26,860 36,517
30,206 36,991
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Enterprise Fund Loan > 1 year 10,037 -
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4