Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 31 March 2024 31 March 2024 SC628611 Mr J G Rennie Mr B Iravani Mr I Melville iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC628611 2023-04-30 SC628611 2024-03-31 SC628611 2023-05-01 2024-03-31 SC628611 frs-core:CurrentFinancialInstruments 2024-03-31 SC628611 frs-core:ComputerEquipment 2024-03-31 SC628611 frs-core:ComputerEquipment 2023-05-01 2024-03-31 SC628611 frs-core:ComputerEquipment 2023-04-30 SC628611 frs-core:ShareCapital 2024-03-31 SC628611 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC628611 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-03-31 SC628611 frs-bus:FilletedAccounts 2023-05-01 2024-03-31 SC628611 frs-bus:SmallEntities 2023-05-01 2024-03-31 SC628611 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-03-31 SC628611 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-03-31 SC628611 frs-bus:Director1 2023-05-01 2024-03-31 SC628611 frs-bus:Director2 2023-05-01 2024-03-31 SC628611 frs-bus:Director3 2023-05-01 2024-03-31 SC628611 frs-countries:Scotland 2023-05-01 2024-03-31 SC628611 2022-04-30 SC628611 2023-04-30 SC628611 2022-05-01 2023-04-30 SC628611 frs-core:CurrentFinancialInstruments 2023-04-30 SC628611 frs-core:ShareCapital 2023-04-30 SC628611 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: SC628611
Base Spirits Ltd
Unaudited Financial Statements
For the Period 1 May 2023 to 31 March 2024
Sense Accounting Limited
36 Bruntsfield Place
Edinburgh
EH10 4HJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC628611
31 March 2024 30 April 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 514 430
514 430
CURRENT ASSETS
Debtors 5 97,821 79,387
Cash at bank and in hand 26,397 22,643
124,218 102,030
Creditors: Amounts Falling Due Within One Year 6 (111,855 ) (103,478 )
NET CURRENT ASSETS (LIABILITIES) 12,363 (1,448 )
TOTAL ASSETS LESS CURRENT LIABILITIES 12,877 (1,018 )
NET ASSETS/(LIABILITIES) 12,877 (1,018 )
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account 11,877 (2,018 )
SHAREHOLDERS' FUNDS 12,877 (1,018)
Page 1
Page 2
For the period 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 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.
On behalf of the board
Mr B Iravani
Director
14 February 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Base Spirits Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC628611 . The registered office is 36 Bruntsfield Place, Edinburgh, EH10 4HJ.
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:
Computer Equipment 33% Straight Line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 1)
2 1
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 May 2023 1,462
Additions 341
As at 31 March 2024 1,803
Depreciation
As at 1 May 2023 1,032
Provided during the period 257
As at 31 March 2024 1,289
Net Book Value
As at 31 March 2024 514
As at 1 May 2023 430
5. Debtors
31 March 2024 30 April 2023
£ £
Due within one year
Trade debtors 94,225 78,887
Prepayments and accrued income 3,096 -
Amounts owed by related parties 500 500
97,821 79,387
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 30 April 2023
£ £
Trade creditors 87,247 78,743
Corporation tax 5,259 1,120
Other taxes and social security 3,091 2,773
VAT 7,139 7,825
Other creditors 457 412
Accruals and deferred income 8,662 12,543
Amounts owed to related parties - 62
111,855 103,478
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7. Share Capital
31 March 2024 30 April 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 5