Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 04228062 F E Pritchett R Pritchett R Pritchett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04228062 2023-08-31 04228062 2024-08-31 04228062 2023-09-01 2024-08-31 04228062 frs-core:CurrentFinancialInstruments 2024-08-31 04228062 frs-core:Non-currentFinancialInstruments 2024-08-31 04228062 frs-core:ComputerEquipment 2023-09-01 2024-08-31 04228062 frs-core:FurnitureFittings 2023-09-01 2024-08-31 04228062 frs-core:PlantMachinery 2024-08-31 04228062 frs-core:PlantMachinery 2023-09-01 2024-08-31 04228062 frs-core:PlantMachinery 2023-08-31 04228062 frs-core:SharePremium 2024-08-31 04228062 frs-core:ShareCapital 2024-08-31 04228062 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 04228062 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04228062 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 04228062 frs-bus:SmallEntities 2023-09-01 2024-08-31 04228062 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 04228062 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 04228062 frs-bus:Director1 2023-09-01 2024-08-31 04228062 frs-bus:Director2 2023-09-01 2024-08-31 04228062 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 04228062 frs-countries:EnglandWales 2023-09-01 2024-08-31 04228062 2022-08-31 04228062 2023-08-31 04228062 2022-09-01 2023-08-31 04228062 frs-core:CurrentFinancialInstruments 2023-08-31 04228062 frs-core:Non-currentFinancialInstruments 2023-08-31 04228062 frs-core:SharePremium 2023-08-31 04228062 frs-core:ShareCapital 2023-08-31 04228062 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 04228062
Taurus Wines Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04228062
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 73,648 95,026
73,648 95,026
CURRENT ASSETS
Stocks 5 270,016 374,541
Debtors 6 59,819 84,584
Cash at bank and in hand 7,487 5,672
337,322 464,797
Creditors: Amounts Falling Due Within One Year 7 (323,062 ) (284,019 )
NET CURRENT ASSETS (LIABILITIES) 14,260 180,778
TOTAL ASSETS LESS CURRENT LIABILITIES 87,908 275,804
Creditors: Amounts Falling Due After More Than One Year 8 (59,915 ) (58,733 )
NET ASSETS 27,993 217,071
CAPITAL AND RESERVES
Called up share capital 9 2 2
Share premium account 276,800 276,800
Profit and Loss Account (248,809 ) (59,731 )
SHAREHOLDERS' FUNDS 27,993 217,071
Page 1
Page 2
For the year ending 31 August 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
R Pritchett
Director
22 May 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
Taurus Wines Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04228062 . The registered office is East Barn Whipley Manor Farm, Bramley, Guildford, Surrey, GU5 0LL.
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 is reduced for estimated customer returns, rebates and other similar allowances.
Grants relating to the purchase of tangible fixed assets are credited to deferred income and released to profit or loss over the expected useful lives of the relevant assets by equal annual instalments.
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:
Plant & Machinery 25% on cost
Fixtures & Fittings between 10% and 25% on cost
Computer Equipment 33% on cost
2.4. 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 stocks. 
2.5. 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.
2.6. 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 9)
10 9
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 September 2023 243,311
As at 31 August 2024 243,311
Depreciation
As at 1 September 2023 148,285
Provided during the period 21,378
As at 31 August 2024 169,663
Net Book Value
As at 31 August 2024 73,648
As at 1 September 2023 95,026
5. Stocks
2024 2023
£ £
Stock 270,016 374,541
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 51,397 43,601
Other debtors 8,422 40,983
59,819 84,584
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 155,865 163,511
Other loans 40,218 28,259
Other creditors 88,212 61,756
Taxation and social security 38,767 30,493
323,062 284,019
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 42,833 36,769
Other creditors 17,082 21,964
59,915 58,733
Page 4
Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5