Acorah Software Products - Accounts Production 16.0.110 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 12055766 Mr Graham Connolly Cocktail Supreme Limited, a company registered and trading in Ireland true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12055766 2023-06-30 12055766 2024-06-30 12055766 2023-07-01 2024-06-30 12055766 frs-core:CurrentFinancialInstruments 2024-06-30 12055766 frs-core:ComputerEquipment 2024-06-30 12055766 frs-core:ComputerEquipment 2023-07-01 2024-06-30 12055766 frs-core:ComputerEquipment 2023-06-30 12055766 frs-core:PlantMachinery 2024-06-30 12055766 frs-core:PlantMachinery 2023-07-01 2024-06-30 12055766 frs-core:PlantMachinery 2023-06-30 12055766 frs-core:ShareCapital 2024-06-30 12055766 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12055766 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12055766 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12055766 frs-bus:SmallEntities 2023-07-01 2024-06-30 12055766 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12055766 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12055766 1 2023-07-01 2024-06-30 12055766 frs-bus:Director1 2023-07-01 2024-06-30 12055766 frs-countries:EnglandWales 2023-07-01 2024-06-30 12055766 2022-06-30 12055766 2023-06-30 12055766 2022-07-01 2023-06-30 12055766 frs-core:CurrentFinancialInstruments 2023-06-30 12055766 frs-core:ShareCapital 2023-06-30 12055766 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 12055766
Cocktail Supreme UK Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Xeinadin South Wales & West Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12055766
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,535 4,896
15,535 4,896
CURRENT ASSETS
Stocks 5 101,865 80,679
Debtors 6 202,588 400,655
Cash at bank and in hand 103,257 90,817
407,710 572,151
Creditors: Amounts Falling Due Within One Year 7 (352,972 ) (378,074 )
NET CURRENT ASSETS (LIABILITIES) 54,738 194,077
TOTAL ASSETS LESS CURRENT LIABILITIES 70,273 198,973
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (2,521 ) -
NET ASSETS 67,752 198,973
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 66,752 197,973
SHAREHOLDERS' FUNDS 67,752 198,973
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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 Graham Connolly
Director
17/02/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Cocktail Supreme UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12055766 . The registered office is Celtic House Caxton Place, Pentwyn, Cardiff, CF23 8HA.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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 25% Reducing Balance basis
Computer Equipment 33% on Straight Line Method
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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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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 5,011 631 5,642
Additions 10,313 2,796 13,109
As at 30 June 2024 15,324 3,427 18,751
Depreciation
As at 1 July 2023 481 265 746
Provided during the period 1,878 592 2,470
As at 30 June 2024 2,359 857 3,216
Net Book Value
As at 30 June 2024 12,965 2,570 15,535
As at 1 July 2023 4,530 366 4,896
5. Stocks
2024 2023
£ £
Stock - 34,657
Stock 101,865 46,022
101,865 80,679
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 106,537 105,465
Prepayments and accrued income 95,051 295,190
Other debtors 1,000 -
202,588 400,655
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 203,057 242,078
Corporation tax - 48,488
Other taxes and social security 451 12,894
VAT 17,978 23,386
Other creditors 39,532 38,532
Accrued expenses 91,624 1,541
Directors' loan accounts 330 11,155
352,972 378,074
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 2,521 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Related Party Transactions
The Directors
During the year, the director used the company current account to record amounts due to him and drawn by him. At the year end, the balance owed to the director was £330 (2023: £11,155).
Energy Distribution Ltd
During the year, the company conducted trade with Energy Distribution Limited, a company registered in Ireland, on normal commercial terms, a company that the director is also a director of. During the year, there were management recharges relating to staff costs totalling £90,000. At the year end, the balance owed by the company was £39,532 (2023: £38,532). This balance is disclosed within creditors.
11. Ultimate Controlling Party
The company's controlling party is Cocktail Supreme Limited, a company registered and trading in Ireland by virtue of its ownership of 100% of the issued share capital in the company. The company's ultimate controlling party is Graham Connolly.
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