Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08728071 Mr D J Drewery iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08728071 2023-03-31 08728071 2024-03-31 08728071 2023-04-01 2024-03-31 08728071 frs-core:CurrentFinancialInstruments 2024-03-31 08728071 frs-core:Non-currentFinancialInstruments 2024-03-31 08728071 frs-core:PlantMachinery 2024-03-31 08728071 frs-core:PlantMachinery 2023-04-01 2024-03-31 08728071 frs-core:PlantMachinery 2023-03-31 08728071 frs-core:ShareCapital 2024-03-31 08728071 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08728071 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08728071 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08728071 frs-bus:SmallEntities 2023-04-01 2024-03-31 08728071 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08728071 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08728071 frs-bus:Director1 2023-04-01 2024-03-31 08728071 frs-countries:EnglandWales 2023-04-01 2024-03-31 08728071 2022-03-31 08728071 2023-03-31 08728071 2022-04-01 2023-03-31 08728071 frs-core:CurrentFinancialInstruments 2023-03-31 08728071 frs-core:Non-currentFinancialInstruments 2023-03-31 08728071 frs-core:ShareCapital 2023-03-31 08728071 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08728071
Drewery Leisure Ltd.
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08728071
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 91,071 111,601
91,071 111,601
CURRENT ASSETS
Stocks 5 4,500 10,500
Debtors 6 1,796 1,974
Cash at bank and in hand 17,556 19,565
23,852 32,039
Creditors: Amounts Falling Due Within One Year 7 (38,872 ) (54,878 )
NET CURRENT ASSETS (LIABILITIES) (15,020 ) (22,839 )
TOTAL ASSETS LESS CURRENT LIABILITIES 76,051 88,762
Creditors: Amounts Falling Due After More Than One Year 8 (42,231 ) (52,435 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (22,767 ) (21,204 )
NET ASSETS 11,053 15,123
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 11,043 15,113
SHAREHOLDERS' FUNDS 11,053 15,123
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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 D J Drewery
Director
20 December 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
Drewery Leisure Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 08728071 . The registered office is Mansfield I-Centre Oakham Business Park, Hamilton Way, Mansfield, Nottinghamshire, NG18 5BR.
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. 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 20% reducing balance
2.4. 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.
2.5. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 222,402
Additions 2,237
As at 31 March 2024 224,639
Depreciation
As at 1 April 2023 110,801
Provided during the period 22,767
As at 31 March 2024 133,568
Net Book Value
As at 31 March 2024 91,071
As at 1 April 2023 111,601
5. Stocks
2024 2023
£ £
Stock 4,500 10,500
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,796 1,974
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 10,204 9,952
Other creditors 24,440 40,172
Taxation and social security 4,228 4,754
38,872 54,878
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,231 22,435
Other creditors 30,000 30,000
42,231 52,435
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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