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 09057040 Mr Paul Curtis Mr Marc Curtis Mr Matthew MacDonald Mr Timothy Allinson AFP Services Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09057040 2023-05-31 09057040 2024-05-31 09057040 2023-06-01 2024-05-31 09057040 frs-core:CurrentFinancialInstruments 2024-05-31 09057040 frs-core:BetweenOneFiveYears 2024-05-31 09057040 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-01 2024-05-31 09057040 frs-core:FurnitureFittings 2024-05-31 09057040 frs-core:FurnitureFittings 2023-06-01 2024-05-31 09057040 frs-core:FurnitureFittings 2023-05-31 09057040 frs-core:MotorVehicles 2024-05-31 09057040 frs-core:MotorVehicles 2023-06-01 2024-05-31 09057040 frs-core:MotorVehicles 2023-05-31 09057040 frs-core:OtherResidualIntangibleAssets 2024-05-31 09057040 frs-core:OtherResidualIntangibleAssets 2023-06-01 2024-05-31 09057040 frs-core:OtherResidualIntangibleAssets 2023-05-31 09057040 frs-core:PlantMachinery 2024-05-31 09057040 frs-core:PlantMachinery 2023-06-01 2024-05-31 09057040 frs-core:PlantMachinery 2023-05-31 09057040 frs-core:WithinOneYear 2024-05-31 09057040 frs-core:ShareCapital 2024-05-31 09057040 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 09057040 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09057040 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 09057040 frs-bus:SmallEntities 2023-06-01 2024-05-31 09057040 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09057040 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09057040 frs-bus:Director1 2023-06-01 2024-05-31 09057040 frs-bus:Director2 2023-06-01 2024-05-31 09057040 frs-bus:Director2 2023-05-31 09057040 frs-bus:Director2 2024-05-31 09057040 frs-bus:Director3 2023-06-01 2024-05-31 09057040 frs-bus:Director4 2023-06-01 2024-05-31 09057040 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 09057040 frs-countries:EnglandWales 2023-06-01 2024-05-31 09057040 2022-05-31 09057040 2023-05-31 09057040 2022-06-01 2023-05-31 09057040 frs-core:CurrentFinancialInstruments 2023-05-31 09057040 frs-core:BetweenOneFiveYears 2023-05-31 09057040 frs-core:WithinOneYear 2023-05-31 09057040 frs-core:ShareCapital 2023-05-31 09057040 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 09057040
Zeus Juice UK Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09057040
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 110,903 109,447
Tangible Assets 5 162,246 257,960
273,149 367,407
CURRENT ASSETS
Stocks 6 785,115 1,088,494
Debtors 7 1,802,606 1,709,677
Cash at bank and in hand 169,703 465,504
2,757,424 3,263,675
Creditors: Amounts Falling Due Within One Year 8 (522,037 ) (432,042 )
NET CURRENT ASSETS (LIABILITIES) 2,235,387 2,831,633
TOTAL ASSETS LESS CURRENT LIABILITIES 2,508,536 3,199,040
PROVISIONS FOR LIABILITIES
Deferred Taxation - (15,966 )
NET ASSETS 2,508,536 3,183,074
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 2,508,535 3,183,073
SHAREHOLDERS' FUNDS 2,508,536 3,183,074
Page 1
Page 2
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.
On behalf of the board
Mr Timothy Allinson
Director
25/03/2025
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
Zeus Juice UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09057040 . The registered office is Timsons Business Centre, Bath Road, Kettering, NN16 8NQ.
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 trademark and development costs, measured at cost less accumulative amortisation and any accumulative impairment losses. They are amortised to profit and loss account over their estimated economic life of 3 to 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:
Plant & Machinery 20% straight line
Motor Vehicles 33% straight line
Fixtures & Fittings 20% straight line
2.5. Leasing and Hire Purchase Contracts
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
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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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 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.
2.9. 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.
2.10. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.11. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was  40 (2023: 40)
40 40
4. Intangible Assets
Other
£
Cost
As at 1 June 2023 303,156
Additions 47,479
As at 31 May 2024 350,635
Amortisation
As at 1 June 2023 193,709
Provided during the period 46,023
As at 31 May 2024 239,732
Net Book Value
As at 31 May 2024 110,903
As at 1 June 2023 109,447
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Page 5
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 June 2023 1,636,738 168,649 485,712 2,291,099
Additions 53,319 - 1,821 55,140
Disposals (631 ) - - (631 )
As at 31 May 2024 1,689,426 168,649 487,533 2,345,608
Depreciation
As at 1 June 2023 1,465,558 164,513 403,068 2,033,139
Provided during the period 112,200 4,136 34,518 150,854
Disposals - - (631 ) (631 )
As at 31 May 2024 1,577,758 168,649 436,955 2,183,362
Net Book Value
As at 31 May 2024 111,668 - 50,578 162,246
As at 1 June 2023 171,180 4,136 82,644 257,960
6. Stocks
2024 2023
£ £
Stock 477,872 686,682
Finished goods 307,243 401,812
785,115 1,088,494
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 247,743 106,129
Other debtors 1,324,957 1,380,067
Corporation tax recoverable assets 229,906 223,481
1,802,606 1,709,677
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 290,417 268,825
Corporation tax - 2,818
Other taxes and social security 159,340 77,791
Other creditors 72,280 82,608
522,037 432,042
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are £479,612 (2023 - £156,320)
2024 2023
£ £
Not later than one year 175,614 92,725
Later than one year and not later than five years 303,998 63,595
479,612 156,320
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr Paul Curtis 697,523 32,119 (505 ) - 729,137
The above loan is unsecured, interest free and repayable on demand.
12. Related Party Transactions
Ms C Kirnon, a shareholder of the company, owes the company £nil (2023 £8,350). The loan was unsecured and interest free.
Zeus Juice EBT Limited, a shareholder in the company, owes the company £237,060 (2023 £237,060).
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