Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 11673909 Mr Matthew Bowell Mr Adam Cox iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11673909 2023-05-31 11673909 2024-05-31 11673909 2023-06-01 2024-05-31 11673909 frs-core:Non-currentFinancialInstruments 2024-05-31 11673909 frs-core:FurnitureFittings 2023-06-01 2024-05-31 11673909 frs-core:NetGoodwill 2023-06-01 2024-05-31 11673909 frs-core:ShareCapital 2024-05-31 11673909 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 11673909 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11673909 frs-bus:AbridgedAccounts 2023-06-01 2024-05-31 11673909 frs-bus:SmallEntities 2023-06-01 2024-05-31 11673909 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11673909 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11673909 frs-bus:Director1 2023-06-01 2024-05-31 11673909 frs-bus:Director2 2023-06-01 2024-05-31 11673909 frs-countries:EnglandWales 2023-06-01 2024-05-31 11673909 2022-05-31 11673909 2023-05-31 11673909 2022-06-01 2023-05-31 11673909 frs-core:Non-currentFinancialInstruments 2023-05-31 11673909 frs-core:ShareCapital 2023-05-31 11673909 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 11673909
Brew Digital Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 11673909
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 10,400 15,600
Tangible Assets 5 8,449 10,860
18,849 26,460
CURRENT ASSETS
Stocks 4,763 4,763
Debtors 357,948 372,809
Cash at bank and in hand 211,673 71,272
574,384 448,844
Creditors: Amounts Falling Due Within One Year (460,378 ) (340,811 )
NET CURRENT ASSETS (LIABILITIES) 114,006 108,033
TOTAL ASSETS LESS CURRENT LIABILITIES 132,855 134,493
Creditors: Amounts Falling Due After More Than One Year (17,500 ) (27,500 )
NET ASSETS 115,355 106,993
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 115,255 106,893
SHAREHOLDERS' FUNDS 115,355 106,993
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For the year ending 31 May 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 May 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Matthew Bowell
Director
07/02/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Brew Digital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11673909 . The registered office is 10 Wrens Court, 48 Victoria Road, Sutton Coldfield, West Midlands, B72 1SY.
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. 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 separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. 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:
Fixtures & Fittings 33% Straight line
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 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: 20 (2023: 20)
20 20
4. Intangible Assets
Total
£
Cost
As at 1 June 2023 26,000
As at 31 May 2024 26,000
Amortisation
As at 1 June 2023 10,400
Provided during the period 5,200
As at 31 May 2024 15,600
Net Book Value
As at 31 May 2024 10,400
As at 1 June 2023 15,600
5. Tangible Assets
Total
£
Cost
As at 1 June 2023 39,291
Additions 5,583
Disposals (1,583 )
As at 31 May 2024 43,291
Depreciation
As at 1 June 2023 28,431
Provided during the period 6,895
Disposals (484 )
As at 31 May 2024 34,842
Net Book Value
As at 31 May 2024 8,449
As at 1 June 2023 10,860
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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