Acorah Software Products - Accounts Production 16.4.675 false true 31 May 2023 1 June 2022 false 1 June 2023 31 August 2024 31 August 2024 08121327 Mr N Greene Mr S Bishop iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08121327 2023-05-31 08121327 2024-08-31 08121327 2023-06-01 2024-08-31 08121327 frs-core:CurrentFinancialInstruments 2024-08-31 08121327 frs-core:Non-currentFinancialInstruments 2024-08-31 08121327 frs-core:BetweenOneFiveYears 2024-08-31 08121327 frs-core:ComputerEquipment 2024-08-31 08121327 frs-core:ComputerEquipment 2023-06-01 2024-08-31 08121327 frs-core:ComputerEquipment 2023-05-31 08121327 frs-core:FurnitureFittings 2024-08-31 08121327 frs-core:FurnitureFittings 2023-06-01 2024-08-31 08121327 frs-core:FurnitureFittings 2023-05-31 08121327 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 08121327 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-08-31 08121327 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 08121327 frs-core:MotorVehicles 2024-08-31 08121327 frs-core:MotorVehicles 2023-06-01 2024-08-31 08121327 frs-core:MotorVehicles 2023-05-31 08121327 frs-core:PlantMachinery 2024-08-31 08121327 frs-core:PlantMachinery 2023-06-01 2024-08-31 08121327 frs-core:PlantMachinery 2023-05-31 08121327 frs-core:WithinOneYear 2024-08-31 08121327 frs-core:ShareCapital 2024-08-31 08121327 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 08121327 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-08-31 08121327 frs-bus:FilletedAccounts 2023-06-01 2024-08-31 08121327 frs-bus:SmallEntities 2023-06-01 2024-08-31 08121327 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-08-31 08121327 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-08-31 08121327 frs-core:UnlistedNon-exchangeTraded 2024-08-31 08121327 frs-core:UnlistedNon-exchangeTraded 2023-05-31 08121327 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-05-31 08121327 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-08-31 08121327 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-08-31 08121327 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-05-31 08121327 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-08-31 08121327 frs-bus:Director1 2023-06-01 2024-08-31 08121327 frs-bus:Director2 2023-06-01 2024-08-31 08121327 frs-countries:EnglandWales 2023-06-01 2024-08-31 08121327 2022-05-31 08121327 2023-05-31 08121327 2022-06-01 2023-05-31 08121327 frs-core:CurrentFinancialInstruments 2023-05-31 08121327 frs-core:Non-currentFinancialInstruments 2023-05-31 08121327 frs-core:BetweenOneFiveYears 2023-05-31 08121327 frs-core:WithinOneYear 2023-05-31 08121327 frs-core:ShareCapital 2023-05-31 08121327 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 08121327
Elite Wine And Whisky Ltd
Financial Statements
For the Period 1 June 2023 to 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 08121327
31 August 2024 31 May 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 79,123 431,057
Investments 5 458,590 316,350
537,713 747,407
CURRENT ASSETS
Stocks 6 1,755,880 2,551,893
Debtors 7 2,398,735 3,735,321
Cash at bank and in hand 108,584 263,792
4,263,199 6,551,006
Creditors: Amounts Falling Due Within One Year 8 (2,839,561 ) (3,158,600 )
NET CURRENT ASSETS (LIABILITIES) 1,423,638 3,392,406
TOTAL ASSETS LESS CURRENT LIABILITIES 1,961,351 4,139,813
Creditors: Amounts Falling Due After More Than One Year 9 (328,767 ) (397,035 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,009 ) (1,009 )
NET ASSETS 1,631,575 3,741,769
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 1,631,475 3,741,669
SHAREHOLDERS' FUNDS 1,631,575 3,741,769
Page 1
Page 2
For the period 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
Mr N Greene
Director
Mr S Bishop
Director
27 August 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Elite Wine And Whisky Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08121327 . The registered office is 8-10 Grosvenor Gardens, London, SW1W 0DH.
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, excluding
discounts, rebates, value added tax and other sales taxes.
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:
Freehold 0% on cost
Plant & Machinery 25% on cost
Motor Vehicles 25% on cost
Fixtures & Fittings 25% on cost
Computer Equipment 25% on cost
2.4. 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 the profit and loss account as incurred.
2.5. 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 items.
Page 3
Page 4
2.6. Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the statement of financial position date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the period end and that
are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is
probable that they will be recovered against the reversal of deferred tax liabilities or other future
taxable profits.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 10 (2023: 9)
10 9
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 June 2023 - 1,891 590,950 19,637
Additions 71,925 - - 2,003
Disposals - - (590,950 ) -
As at 31 August 2024 71,925 1,891 - 21,640
Depreciation
As at 1 June 2023 - 1,891 161,738 18,778
Provided during the period - - - 1,485
Disposals - - (161,738 ) -
As at 31 August 2024 - 1,891 - 20,263
Net Book Value
As at 31 August 2024 71,925 - - 1,377
As at 1 June 2023 - - 429,212 859
Page 4
Page 5
Computer Equipment Total
£ £
Cost
As at 1 June 2023 9,596 622,074
Additions 8,073 82,001
Disposals - (590,950 )
As at 31 August 2024 17,669 113,125
Depreciation
As at 1 June 2023 8,610 191,017
Provided during the period 3,238 4,723
Disposals - (161,738 )
As at 31 August 2024 11,848 34,002
Net Book Value
As at 31 August 2024 5,821 79,123
As at 1 June 2023 986 431,057
5. Investments
Unlisted
£
Cost
As at 1 June 2023 316,350
Additions 142,240
As at 31 August 2024 458,590
Provision
As at 1 June 2023 -
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 458,590
As at 1 June 2023 316,350
6. Stocks
31 August 2024 31 May 2023
£ £
Finished goods 1,755,880 2,551,893
Page 5
Page 6
7. Debtors
31 August 2024 31 May 2023
£ £
Due within one year
Trade debtors 641,612 1,521,345
Amounts owed by group undertakings 1,322,324 1,163,124
Other debtors 434,799 1,050,852
2,398,735 3,735,321
8. Creditors: Amounts Falling Due Within One Year
31 August 2024 31 May 2023
£ £
Net obligations under finance lease and hire purchase contracts - 161,928
Trade creditors 1,436,698 1,514,951
Bank loans and overdrafts 532,542 10,648
Other loans 5,043 48,123
Other creditors 451,657 55,118
Taxation and social security 413,621 1,367,832
2,839,561 3,158,600
9. Creditors: Amounts Falling Due After More Than One Year
31 August 2024 31 May 2023
£ £
Net obligations under finance lease and hire purchase contracts - 377,833
Bank loans 328,767 19,202
328,767 397,035
10. Obligations Under Finance Leases and Hire Purchase
31 August 2024 31 May 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 161,928
Later than one year and not later than five years - 377,833
- 539,761
- 539,761
Page 6
Page 7
11. Share Capital
31 August 2024 31 May 2023
£ £
Allotted, Called up and fully paid 100 100
Page 7