Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 03321771 Mr S Benato Mr B Besa Mr M Folli Mr M A Perna iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03321771 2023-06-30 03321771 2024-06-30 03321771 2023-07-01 2024-06-30 03321771 frs-core:CurrentFinancialInstruments 2024-06-30 03321771 frs-core:Non-currentFinancialInstruments 2024-06-30 03321771 frs-core:BetweenOneFiveYears 2024-06-30 03321771 frs-core:ComputerEquipment 2024-06-30 03321771 frs-core:ComputerEquipment 2023-07-01 2024-06-30 03321771 frs-core:ComputerEquipment 2023-06-30 03321771 frs-core:FurnitureFittings 2024-06-30 03321771 frs-core:FurnitureFittings 2023-07-01 2024-06-30 03321771 frs-core:FurnitureFittings 2023-06-30 03321771 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 03321771 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 03321771 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-30 03321771 frs-core:MotorVehicles 2024-06-30 03321771 frs-core:MotorVehicles 2023-07-01 2024-06-30 03321771 frs-core:MotorVehicles 2023-06-30 03321771 frs-core:PlantMachinery 2024-06-30 03321771 frs-core:PlantMachinery 2023-07-01 2024-06-30 03321771 frs-core:PlantMachinery 2023-06-30 03321771 frs-core:WithinOneYear 2024-06-30 03321771 frs-core:CapitalRedemptionReserve 2024-06-30 03321771 frs-core:SharePremium 2024-06-30 03321771 frs-core:ShareCapital 2024-06-30 03321771 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 03321771 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03321771 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 03321771 frs-bus:SmallEntities 2023-07-01 2024-06-30 03321771 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 03321771 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 03321771 frs-core:CostValuation 2023-06-30 03321771 frs-core:CostValuation 2024-06-30 03321771 frs-core:ProvisionsForImpairmentInvestments 2023-06-30 03321771 frs-core:ProvisionsForImpairmentInvestments 2024-06-30 03321771 frs-bus:Director1 2023-07-01 2024-06-30 03321771 frs-bus:Director2 2023-07-01 2024-06-30 03321771 frs-bus:Director2 2023-06-30 03321771 frs-bus:Director2 2024-06-30 03321771 frs-bus:Director3 2023-07-01 2024-06-30 03321771 frs-bus:Director4 2023-07-01 2024-06-30 03321771 frs-countries:EnglandWales 2023-07-01 2024-06-30 03321771 2022-06-30 03321771 2023-06-30 03321771 2022-07-01 2023-06-30 03321771 frs-core:CurrentFinancialInstruments 2023-06-30 03321771 frs-core:Non-currentFinancialInstruments 2023-06-30 03321771 frs-core:BetweenOneFiveYears 2023-06-30 03321771 frs-core:MotorVehicles 2022-07-01 2023-06-30 03321771 frs-core:PlantMachinery 2022-07-01 2023-06-30 03321771 frs-core:WithinOneYear 2023-06-30 03321771 frs-core:CapitalRedemptionReserve 2023-06-30 03321771 frs-core:SharePremium 2023-06-30 03321771 frs-core:ShareCapital 2023-06-30 03321771 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 03321771
Astrum Wine Cellars Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—7
Page 1
Statement of Financial Position
Registered number: 03321771
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 168,714 217,806
Investments 5 1,000 1,000
169,714 218,806
CURRENT ASSETS
Stocks 1,023,116 1,113,106
Debtors 6 998,216 921,708
Cash at bank and in hand 31,438 28,298
2,052,770 2,063,112
Creditors: Amounts Falling Due Within One Year 7 (1,947,690 ) (1,802,511 )
NET CURRENT ASSETS (LIABILITIES) 105,080 260,601
TOTAL ASSETS LESS CURRENT LIABILITIES 274,794 479,407
Creditors: Amounts Falling Due After More Than One Year 8 (90,330 ) (211,779 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (49,013 ) (49,576 )
NET ASSETS 135,451 218,052
CAPITAL AND RESERVES
Called up share capital 11 2,650 2,650
Share premium account 23,000 23,000
Capital redemption reserve 5,350 5,350
Income Statement 104,451 187,052
SHAREHOLDERS' FUNDS 135,451 218,052
Page 1
Page 2
For the year ending 30 June 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 Income Statement.
On behalf of the board
Mr B Besa
Director
11 February 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Astrum Wine Cellars Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03321771 . The registered office is Unit 7 Falcon Business Centre, 14 Wandle Way, Mitcham, Surrey, CR4 4FG.
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 represents the value of goods (net of VAT) provided to customers during the year. Turnover is recognised when the goods are delivered and title has passed.
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:
Property improvements 10% straight line
Plant & Machinery 25% on reducing balance
Motor Vehicles 33% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. 
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes any expenditure incurred in bringing the stock to its present location and condition.
2.6. Financial Instruments
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method. The only advanced instruments recognised by the company are derivatives, being forward foreign exchange contracts. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in arriving at profit before tax. Derivative assets are included in other debtors and derivative liabilities are included in other creditors
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2023: 17)
17 17
4. Tangible Assets
Land & Property
Property improvements Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 July 2023 133,488 34,769 161,391 19,802
Additions - - - -
As at 30 June 2024 133,488 34,769 161,391 19,802
Depreciation
As at 1 July 2023 54,737 12,626 61,580 7,635
Provided during the period 8,867 5,536 33,271 3,042
As at 30 June 2024 63,604 18,162 94,851 10,677
Net Book Value
As at 30 June 2024 69,884 16,607 66,540 9,125
As at 1 July 2023 78,751 22,143 99,811 12,167
Computer Equipment Total
£ £
Cost
As at 1 July 2023 22,894 372,344
Additions 1,955 1,955
As at 30 June 2024 24,849 374,299
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 July 2023 17,960 154,538
Provided during the period 331 51,047
As at 30 June 2024 18,291 205,585
Net Book Value
As at 30 June 2024 6,558 168,714
As at 1 July 2023 4,934 217,806
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant & Machinery 11,049 14,732
Motor Vehicles 56,896 85,344
67,945 100,076
5. Investments
Subsidiaries
£
Cost
As at 1 July 2023 1,000
As at 30 June 2024 1,000
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 1,000
As at 1 July 2023 1,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 834,221 762,016
Amounts owed by group undertakings - 4,199
Other debtors 157,094 155,493
991,315 921,708
Due after more than one year
Other debtors 6,901 -
998,216 921,708
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 43,497 43,497
Trade creditors 1,090,854 1,062,776
Bank loans and overdrafts 447,407 401,678
Other creditors 52,614 28,947
Taxation and social security 313,318 265,613
1,947,690 1,802,511
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 16,996 58,445
Bank loans 73,334 153,334
90,330 211,779
The bank loan was taken out under the Government's Coronavirus Business Interruption Loan Scheme.
9. Secured Creditors
Of the creditors the following amounts are secured. Bank overdrafts are secured via a debenture over the assets of the company and a separate fixed charge over the company's trade debtors. Hire purchase liabilities are secured against the asset financed.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 60,493 101,942
Bank loans and overdrafts 367,407 321,678
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 43,497 43,497
Later than one year and not later than five years 16,996 58,445
60,493 101,942
60,493 101,942
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,650 2,650
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12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 136,440 136,440
Later than one year and not later than five years 375,210 511,650
511,650 648,090
In addition, the company has provided guarantees totalling £117,000 (2023: £117,000)
13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Bruno Besa 20,447 1,915 - - 22,362
Directors loans are unsecured, repayable on demand and attract interest at rates of between 8.25%  and 8.5% p.a.
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