Acorah Software Products - Accounts Production 16.1.300 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 07129108 Mr Ram Malhi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07129108 2023-01-31 07129108 2024-01-31 07129108 2023-02-01 2024-01-31 07129108 frs-core:Non-currentFinancialInstruments 2024-01-31 07129108 frs-core:BetweenOneFiveYears 2024-01-31 07129108 frs-core:ComputerEquipment 2023-02-01 2024-01-31 07129108 frs-core:FurnitureFittings 2023-02-01 2024-01-31 07129108 frs-core:MotorVehicles 2023-02-01 2024-01-31 07129108 frs-core:PlantMachinery 2023-02-01 2024-01-31 07129108 frs-core:WithinOneYear 2024-01-31 07129108 frs-core:ShareCapital 2024-01-31 07129108 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 07129108 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07129108 frs-bus:AbridgedAccounts 2023-02-01 2024-01-31 07129108 frs-bus:SmallEntities 2023-02-01 2024-01-31 07129108 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07129108 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07129108 frs-bus:Director1 2023-02-01 2024-01-31 07129108 frs-countries:EnglandWales 2023-02-01 2024-01-31 07129108 2022-01-31 07129108 2023-01-31 07129108 2022-02-01 2023-01-31 07129108 frs-core:Non-currentFinancialInstruments 2023-01-31 07129108 frs-core:BetweenOneFiveYears 2023-01-31 07129108 frs-core:MotorVehicles 2022-02-01 2023-01-31 07129108 frs-core:WithinOneYear 2023-01-31 07129108 frs-core:ShareCapital 2023-01-31 07129108 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 07129108
Universal Beers Ltd
ABRIDGED Financial Statements
For The Year Ended 31 January 2024
Mibsons Limited
Chartered Certified Accountants
51 Coopers Road
Handsworth Wood
Birmingham
B20 2JU
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 07129108
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 85,512 55,655
85,512 55,655
CURRENT ASSETS
Stocks 144,925 169,925
Debtors 269,811 330,141
Cash at bank and in hand 347,780 102,460
762,516 602,526
Creditors: Amounts Falling Due Within One Year (393,831 ) (273,270 )
NET CURRENT ASSETS (LIABILITIES) 368,685 329,256
TOTAL ASSETS LESS CURRENT LIABILITIES 454,197 384,911
Creditors: Amounts Falling Due After More Than One Year (28,347 ) (33,333 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (15,685 ) (9,761 )
NET ASSETS 410,165 341,817
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 410,065 341,717
SHAREHOLDERS' FUNDS 410,165 341,817
Page 1
Page 2
For the year ending 31 January 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 January 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Ram Malhi
Director
30th January 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Universal Beers Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07129108 . The registered office is Kavona, Long Lane, Halesowen, West Midlands, B62 9DP.
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.
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 15% Straight Line
Motor Vehicles 15% Straight Line
Fixtures & Fittings 15% Straight Line
Computer Equipment 15% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
2.6. 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 year 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.
...CONTINUED
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Page 4
2.6. Taxation - continued
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 asset reflects 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.
2.7. 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.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was 5 (2023: 5)
5 5
4. Interest Payable and Similar Charges
2024 2023
£ £
Bank loans and overdrafts 720 958
Finance charges payable under finance leases and hire purchase contracts 1,119 2,285
Other finance charges 799 1,556
2,638 4,799
5. Tangible Assets
Total
£
Cost
As at 1 February 2023 93,789
Additions 45,096
As at 31 January 2024 138,885
Depreciation
As at 1 February 2023 38,134
Provided during the period 15,239
As at 31 January 2024 53,373
Net Book Value
As at 31 January 2024 85,512
As at 1 February 2023 55,655
Page 4
Page 5
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 35,596 5,741
6. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,573 768
Later than one year and not later than five years 12,889 -
22,462 768
22,462 768
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Pension Commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £217 (PY £72) were due to the fund. They are included in Other Creditors.
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