Acorah Software Products - Accounts Production 16.1.200 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 08505737 H L Rhodes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08505737 2023-04-30 08505737 2024-04-30 08505737 2023-05-01 2024-04-30 08505737 frs-core:CurrentFinancialInstruments 2024-04-30 08505737 frs-core:Non-currentFinancialInstruments 2024-04-30 08505737 frs-core:FurnitureFittings 2024-04-30 08505737 frs-core:FurnitureFittings 2023-05-01 2024-04-30 08505737 frs-core:FurnitureFittings 2023-04-30 08505737 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 08505737 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 08505737 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 08505737 frs-core:PlantMachinery 2024-04-30 08505737 frs-core:PlantMachinery 2023-05-01 2024-04-30 08505737 frs-core:PlantMachinery 2023-04-30 08505737 frs-core:SharePremium 2024-04-30 08505737 frs-core:ShareCapital 2024-04-30 08505737 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 08505737 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08505737 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 08505737 frs-bus:SmallEntities 2023-05-01 2024-04-30 08505737 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08505737 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08505737 frs-bus:Director1 2023-05-01 2024-04-30 08505737 frs-countries:EnglandWales 2023-05-01 2024-04-30 08505737 2022-04-30 08505737 2023-04-30 08505737 2022-05-01 2023-04-30 08505737 frs-core:CurrentFinancialInstruments 2023-04-30 08505737 frs-core:Non-currentFinancialInstruments 2023-04-30 08505737 frs-core:SharePremium 2023-04-30 08505737 frs-core:ShareCapital 2023-04-30 08505737 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 08505737
Hiver Beers Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Goringe Accountants Ltd
1650 Arlington Business Park
Theale
Reading
Berkshire
RG7 4SA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08505737
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 50,714 52,100
50,714 52,100
CURRENT ASSETS
Stocks 5 120,219 113,424
Debtors 6 33,184 45,074
Cash at bank and in hand 1,977 6,303
155,380 164,801
Creditors: Amounts Falling Due Within One Year 7 (1,079,982 ) (778,433 )
NET CURRENT ASSETS (LIABILITIES) (924,602 ) (613,632 )
TOTAL ASSETS LESS CURRENT LIABILITIES (873,888 ) (561,532 )
Creditors: Amounts Falling Due After More Than One Year 8 (84,021 ) (106,264 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,635 ) (9,899 )
NET LIABILITIES (967,544 ) (677,695 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Share premium account 1,331,785 1,331,785
Profit and Loss Account (2,299,331 ) (2,009,482 )
SHAREHOLDERS' FUNDS (967,544) (677,695)
Page 1
Page 2
For the year ending 30 April 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 her 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
H L Rhodes
Director
15/01/2025
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
Hiver Beers Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08505737 . The registered office is Arch 56 Stanworth Street, London, SE1 3NY.
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:
Leasehold 10% straight line
Plant & Machinery 33% straight line
Fixtures & Fittings 33% straight line
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. 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 years 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 assets reflect 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 16)
12 16
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 May 2023 76,486 12,021 17,679 106,186
Additions - 1,850 6,822 8,672
As at 30 April 2024 76,486 13,871 24,501 114,858
Depreciation
As at 1 May 2023 27,873 11,574 14,639 54,086
Provided during the period 6,544 721 2,793 10,058
As at 30 April 2024 34,417 12,295 17,432 64,144
Net Book Value
As at 30 April 2024 42,069 1,576 7,069 50,714
As at 1 May 2023 48,613 447 3,040 52,100
5. Stocks
2024 2023
£ £
Finished goods 120,219 113,424
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 24,832 36,713
Prepayments and accrued income 7,970 7,905
Other debtors 382 456
33,184 45,074
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 178,387 139,016
Bank loans and overdrafts 16,646 11,235
Convertible loans 838,508 539,008
Other taxes and social security 18,972 8,321
Other creditors 16,752 16,403
Accruals and deferred income 10,717 64,450
1,079,982 778,433
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 84,021 106,264
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Related Party Transactions
The following amounts were outstanding at the reporting end date on which an interest of 6% is payable:
Amounts due to shareholders
John Ratcliffe:         £805,373   (2023- £505,873)
Tom Selke:             £10,458    (2023- £10,458)
Peter Morris:           £114        (2023- £114)
Micheal Rhodes:      £11,556   (2023- £11,556)
Peter Haydon:        £11,007    (2023- £11,007)
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