Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 12757501 MRS INGRIDA GILA iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12757501 2023-07-31 12757501 2024-07-31 12757501 2023-08-01 2024-07-31 12757501 frs-core:CurrentFinancialInstruments 2024-07-31 12757501 frs-core:Non-currentFinancialInstruments 2024-07-31 12757501 frs-core:FurnitureFittings 2024-07-31 12757501 frs-core:FurnitureFittings 2023-08-01 2024-07-31 12757501 frs-core:FurnitureFittings 2023-07-31 12757501 frs-core:NetGoodwill 2024-07-31 12757501 frs-core:NetGoodwill 2023-08-01 2024-07-31 12757501 frs-core:NetGoodwill 2023-07-31 12757501 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-07-31 12757501 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 12757501 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 12757501 frs-core:ShareCapital 2024-07-31 12757501 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 12757501 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12757501 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 12757501 frs-bus:SmallEntities 2023-08-01 2024-07-31 12757501 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12757501 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12757501 frs-bus:Director1 2023-08-01 2024-07-31 12757501 frs-countries:EnglandWales 2023-08-01 2024-07-31 12757501 2022-07-31 12757501 2023-07-31 12757501 2022-08-01 2023-07-31 12757501 frs-core:CurrentFinancialInstruments 2023-07-31 12757501 frs-core:Non-currentFinancialInstruments 2023-07-31 12757501 frs-core:ShareCapital 2023-07-31 12757501 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 12757501
Corner Brew Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Hardy & Co
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 12757501
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 38,999 38,999
Tangible Assets 5 10,592 13,456
49,591 52,455
CURRENT ASSETS
Stocks 6 1,854 2,378
Cash at bank and in hand 1,500 1,500
3,354 3,878
Creditors: Amounts Falling Due Within One Year 7 (36,236 ) (63,849 )
NET CURRENT ASSETS (LIABILITIES) (32,882 ) (59,971 )
TOTAL ASSETS LESS CURRENT LIABILITIES 16,709 (7,516 )
Creditors: Amounts Falling Due After More Than One Year 8 (24,111 ) -
NET LIABILITIES (7,402 ) (7,516 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (7,502 ) (7,616 )
SHAREHOLDERS' FUNDS (7,402) (7,516)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
MRS INGRIDA GILA
Director
17/04/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Corner Brew Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12757501 . The registered office is 111 Headstone Road, Harrow, HA1 1PG.
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 .... 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:
Leasehold 0%
Fixtures & Fittings 25% on reduced value
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.
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.
Current tax is 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: 2 (2023: 2)
2 2
Page 2
Page 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 38,999
As at 31 July 2024 38,999
Net Book Value
As at 31 July 2024 38,999
As at 1 August 2023 38,999
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2023 2,001 22,404 24,405
As at 31 July 2024 2,001 22,404 24,405
Depreciation
As at 1 August 2023 - 10,949 10,949
Provided during the period - 2,864 2,864
As at 31 July 2024 - 13,813 13,813
Net Book Value
As at 31 July 2024 2,001 8,591 10,592
As at 1 August 2023 2,001 11,455 13,456
6. Stocks
2024 2023
£ £
Stock 1,854 2,378
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 125 36
Other creditors 35,412 63,813
Taxation and social security 699 -
36,236 63,849
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 24,111 -
Page 3
Page 4
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4