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 SC509679 Mr Alasdair McGill Mr Duncan Alexander Mr Mark Griffiths Mr Alan Warnock Mr Fergus Sydney Clark Mr John Wesley Nelms Mr Benjamin Morris Mr Alasdair McGill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC509679 2023-06-30 SC509679 2024-06-30 SC509679 2023-07-01 2024-06-30 SC509679 frs-core:CurrentFinancialInstruments 2024-06-30 SC509679 frs-core:Non-currentFinancialInstruments 2024-06-30 SC509679 frs-core:BetweenOneFiveYears 2024-06-30 SC509679 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 SC509679 frs-core:FurnitureFittings 2024-06-30 SC509679 frs-core:FurnitureFittings 2023-07-01 2024-06-30 SC509679 frs-core:FurnitureFittings 2023-06-30 SC509679 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 SC509679 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC509679 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 SC509679 frs-core:MotorVehicles 2024-06-30 SC509679 frs-core:MotorVehicles 2023-07-01 2024-06-30 SC509679 frs-core:MotorVehicles 2023-06-30 SC509679 frs-core:OtherResidualIntangibleAssets 2024-06-30 SC509679 frs-core:OtherResidualIntangibleAssets 2023-07-01 2024-06-30 SC509679 frs-core:OtherResidualIntangibleAssets 2023-06-30 SC509679 frs-core:PlantMachinery 2024-06-30 SC509679 frs-core:PlantMachinery 2023-07-01 2024-06-30 SC509679 frs-core:PlantMachinery 2023-06-30 SC509679 frs-core:WithinOneYear 2024-06-30 SC509679 frs-core:SharePremium 2024-06-30 SC509679 frs-core:ShareCapital 2024-06-30 SC509679 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 SC509679 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC509679 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 SC509679 frs-bus:SmallEntities 2023-07-01 2024-06-30 SC509679 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC509679 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC509679 frs-bus:Director1 2023-07-01 2024-06-30 SC509679 frs-bus:Director2 2023-07-01 2024-06-30 SC509679 frs-bus:Director3 2023-07-01 2024-06-30 SC509679 frs-bus:Director4 2023-07-01 2024-06-30 SC509679 frs-bus:Director5 2023-07-01 2024-06-30 SC509679 frs-bus:Director6 2023-07-01 2024-06-30 SC509679 frs-bus:Director7 2023-07-01 2024-06-30 SC509679 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 SC509679 frs-core:CurrentFinancialInstruments 1 2024-06-30 SC509679 frs-countries:Scotland 2023-07-01 2024-06-30 SC509679 2022-06-30 SC509679 2023-06-30 SC509679 2022-07-01 2023-06-30 SC509679 frs-core:CurrentFinancialInstruments 2023-06-30 SC509679 frs-core:Non-currentFinancialInstruments 2023-06-30 SC509679 frs-core:BetweenOneFiveYears 2023-06-30 SC509679 frs-core:WithinOneYear 2023-06-30 SC509679 frs-core:SharePremium 2023-06-30 SC509679 frs-core:ShareCapital 2023-06-30 SC509679 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 SC509679 frs-core:CurrentFinancialInstruments 1 2023-06-30
Registered number: SC509679
71 Brewing Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Ashton McGill
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC509679
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 28,200 -
Tangible Assets 5 372,393 457,792
400,593 457,792
CURRENT ASSETS
Stocks 6 315,040 310,697
Debtors 7 474,679 327,281
Cash at bank and in hand 37,690 189,017
827,409 826,995
Creditors: Amounts Falling Due Within One Year 8 (634,885 ) (390,167 )
NET CURRENT ASSETS (LIABILITIES) 192,524 436,828
TOTAL ASSETS LESS CURRENT LIABILITIES 593,117 894,620
Creditors: Amounts Falling Due After More Than One Year 9 (320,931 ) (442,079 )
NET ASSETS 272,186 452,541
CAPITAL AND RESERVES
Called up share capital 11 255 238
Share premium account 1,658,896 1,437,421
Profit and Loss Account (1,386,965 ) (985,118 )
SHAREHOLDERS' FUNDS 272,186 452,541
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 Profit and Loss Account.
On behalf of the board
Mr Duncan Alexander
Director
27/01/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
71 Brewing Limited is a private company, limited by shares, incorporated in Scotland, registered number SC509679 . The registered office is 36-40 Bellfield Street, Dundee, DD1 5HZ.
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 - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... 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:
Freehold 20% Straight Line
Plant & Machinery 20% Straight Line
Motor Vehicles 25% Straight Line
Fixtures & Fittings 20% Straight Line
2.5. 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.
2.6. 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.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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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Page 4
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: 16 (2023: 16)
16 16
4. Intangible Assets
Other
£
Cost
As at 1 July 2023 -
Additions 28,200
As at 30 June 2024 28,200
Net Book Value
As at 30 June 2024 28,200
As at 1 July 2023 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 July 2023 209,589 1,029,124 66,084 12,896 1,317,693
Additions - 56,959 - 1,910 58,869
As at 30 June 2024 209,589 1,086,083 66,084 14,806 1,376,562
Depreciation
As at 1 July 2023 171,560 653,864 28,834 5,643 859,901
Provided during the period 12,250 117,733 11,823 2,462 144,268
As at 30 June 2024 183,810 771,597 40,657 8,105 1,004,169
Net Book Value
As at 30 June 2024 25,779 314,486 25,427 6,701 372,393
As at 1 July 2023 38,029 375,260 37,250 7,253 457,792
Page 4
Page 5
6. Stocks
2024 2023
£ £
Stock - BrewHouse 70,634 79,751
Stock - Packaging 54,994 35,876
Finished goods 163,637 136,862
Work in progress 25,775 58,208
315,040 310,697
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 330,208 273,384
Prepayments and accrued income 39,696 44,337
Other debtors 35,994 9,560
Amounts owed by group undertakings 68,781 -
474,679 327,281
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 48,109 56,021
Trade creditors 181,398 141,890
Bank loans and overdrafts 3,166 5,318
Other taxes and social security 8,969 3,739
VAT 71,156 71,102
Net wages - 80
Other creditors 1,710 1,734
Loan Note. 277,949 104,662
Accruals and deferred income 36,633 3,980
Directors' loan accounts 5,795 1,641
634,885 390,167
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 89,137 137,913
Loan Note 231,794 304,166
320,931 442,079
Page 5
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 48,109 56,021
Later than one year and not later than five years 89,137 137,913
137,246 193,934
137,246 193,934
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 255 238
Page 6