Acorah Software Products - Accounts Production 16.5.460 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 13666515 The M&c Corporation Ltd Mr Garnet Harrison iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13666515 2023-10-31 13666515 2024-10-31 13666515 2023-11-01 2024-10-31 13666515 frs-core:CurrentFinancialInstruments 2024-10-31 13666515 frs-core:FurnitureFittings 2024-10-31 13666515 frs-core:FurnitureFittings 2023-11-01 2024-10-31 13666515 frs-core:FurnitureFittings 2023-10-31 13666515 frs-core:ShareCapital 2024-10-31 13666515 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 13666515 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 13666515 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 13666515 frs-bus:SmallEntities 2023-11-01 2024-10-31 13666515 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 13666515 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 13666515 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-10-31 13666515 frs-bus:Director1 2023-11-01 2024-10-31 13666515 frs-bus:Director2 2023-11-01 2024-10-31 13666515 frs-countries:EnglandWales 2023-11-01 2024-10-31 13666515 2022-10-31 13666515 2023-10-31 13666515 2022-11-01 2023-10-31 13666515 frs-core:CurrentFinancialInstruments 2023-10-31 13666515 frs-core:ShareCapital 2023-10-31 13666515 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 13666515 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31
Registered number: 13666515
Highland Cask Group Ltd
Financial Statements
For The Year Ended 31 October 2024
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13666515
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 10,180 13,573
10,180 13,573
CURRENT ASSETS
Stocks 4 1,053,000 -
Debtors 5 67,027 431,060
Cash at bank and in hand 2 2,760
1,120,029 433,820
Creditors: Amounts Falling Due Within One Year 6 (190,773 ) (190,520 )
NET CURRENT ASSETS (LIABILITIES) 929,256 243,300
TOTAL ASSETS LESS CURRENT LIABILITIES 939,436 256,873
NET ASSETS 939,436 256,873
CAPITAL AND RESERVES
Called up share capital 7 1 1
Fair value reserve 9 927,225 -
Profit and Loss Account 12,210 256,872
SHAREHOLDERS' FUNDS 939,436 256,873
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For the year ending 31 October 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 Garnet Harrison
Director
28/10/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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:
Fixtures & Fittings 25% Reducing Balance
1.4. 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.
1.5. 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. Average Number of Employees
Average number of employees, including directors, during the year was 1 (2023: NIL)
1 -
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3. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 November 2023 21,308
As at 31 October 2024 21,308
Depreciation
As at 1 November 2023 7,735
Provided during the period 3,393
As at 31 October 2024 11,128
Net Book Value
As at 31 October 2024 10,180
As at 1 November 2023 13,573
4. Stocks
2024 2023
£ £
Stock 1,053,000 -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 330,118
Other debtors - 4,000
VAT 983 2,429
Amounts owed by group undertakings 66,044 94,513
67,027 431,060
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 188,859 188,859
Accruals and deferred income 1,400 1,640
Directors' loan accounts 514 21
190,773 190,520
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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8. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 76,600 222,751
76,600 222,751
9. Reserves
Fair Value Reserve
£
Movements in fair value reserve 927,225
As at 31 October 2024 927,225
10. General Information
Highland Cask Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13666515 . The registered office is Stones Accountancy Limited 5 North Court, Armstrong Road, Maidstone, Kent, ME15 6JZ.
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