Acorah Software Products - Accounts Production 16.8.310 false true true 31 October 2020 1 November 2019 false 1 November 2020 31 October 2021 31 October 2021 11031042 Mr Tim Robinson Mr Philip Sanders iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11031042 2020-10-31 11031042 2021-10-31 11031042 2020-11-01 2021-10-31 11031042 frs-core:CurrentFinancialInstruments 2021-10-31 11031042 frs-core:Non-currentFinancialInstruments 2021-10-31 11031042 frs-core:ShareCapital 2021-10-31 11031042 frs-core:RetainedEarningsAccumulatedLosses 2021-10-31 11031042 frs-bus:PrivateLimitedCompanyLtd 2020-11-01 2021-10-31 11031042 frs-bus:FilletedAccounts 2020-11-01 2021-10-31 11031042 frs-bus:SmallEntities 2020-11-01 2021-10-31 11031042 frs-bus:AuditExempt-NoAccountantsReport 2020-11-01 2021-10-31 11031042 frs-bus:SmallCompaniesRegimeForAccounts 2020-11-01 2021-10-31 11031042 frs-bus:Director1 2020-11-01 2021-10-31 11031042 frs-bus:Director2 2020-11-01 2021-10-31 11031042 frs-countries:EnglandWales 2020-11-01 2021-10-31 11031042 2019-10-31 11031042 2020-10-31 11031042 2019-11-01 2020-10-31 11031042 frs-core:CurrentFinancialInstruments 2020-10-31 11031042 frs-core:Non-currentFinancialInstruments 2020-10-31 11031042 frs-core:ShareCapital 2020-10-31 11031042 frs-core:RetainedEarningsAccumulatedLosses 2020-10-31
Registered number: 11031042
DRINK SPACE LTD
Unaudited Financial Statements
For The Year Ended 31 October 2021
DRINK SPACE LTD
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—4

Page 1
DRINK SPACE LTD
Balance Sheet
As At 31 October 2021
Balance Sheet
Registered number: 11031042

| 2021 | 2020
--- | --- | ---
| Notes | £ | £ | £ | £
CURRENT ASSETS
Stocks | 4 | 19,334 |  | 10,253 |
Cash at bank and in hand |  | 17,801 |  | 33,735 |
|  | 37,135 |  | 43,988 |
Creditors: Amounts Falling Due Within One Year | 5 | (88,587 ) |  | (73,933 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (51,452 ) |  | (29,945 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (51,452 ) |  | (29,945 )
Creditors: Amounts Falling Due After More Than One Year | 6 |  | (21,509 ) |  | (28,006 )
NET LIABILITIES |  |  | (72,961 ) |  | (57,951 )
CAPITAL AND RESERVES
Called up share capital |  |  | 2 |  | 2
Profit and Loss Account |  |  | (72,963 ) |  | (57,953 )
SHAREHOLDERS' FUNDS |  |  | (72,961) |  | (57,951)

Page 1
Page 2
DRINK SPACE LTD
Balance Sheet (continued)
As At 31 October 2021
For the year ending 31 October 2021 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 Tim Robinson Director
2 April 2026

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
DRINK SPACE LTD
Notes to the Financial Statements
For The Year Ended 31 October 2021
Notes to the Financial Statements
1. General Information
DRINK SPACE LTD is a private company, limited by shares, incorporated in England & Wales, the registered number is 11031042 . The registered office is 20-22 Wenlock Road, London, N1 7GU.
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 believe the company to be a going concern and will continue to give their support to the company over the next 12 months.
2.3. Turnover
Turnover is measured at the fair value of the consideration received, net of discounts and value added taxes. Turnover is recognised at the point of invoice.
2.4. Stocks and Work in Progress
Stock
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell.
Work in Progress
Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment.
2.6. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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
Deferred tax has not been recognised as it is not material to the financial statements. The directors will review this annually.
Page 3
Page 4
DRINK SPACE LTD
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2021
2.7. 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.
2.8. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2020: 4)
4 4
4. Stocks

| 2021 |  | 2020
--- | --- | --- | ---
| £ |  | £
Finished goods | 19,334 |  | 10,253

5. Creditors: Amounts Falling Due Within One Year

| 2021 |  | 2020
--- | --- | --- | ---
| £ |  | £
Trade creditors | 26 |  | 125
Bank loans and overdrafts | 5,993 |  | 1,994
Amounts owed to group undertakings | 72,156 |  | 68,676
Other creditors | 10,412 |  | 2,454
Taxation and social security | - |  | 684
| 88,587 |  | 73,933

6. Creditors: Amounts Falling Due After More Than One Year

| 2021 |  | 2020
--- | --- | --- | ---
| £ |  | £
Bank loans | 21,509 |  | 28,006

7. Related Party Transactions
The amount due to the related party at the year end was £72,156 (2020 : £68,676).
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