Acorah Software Products - Accounts Production 19.3.550 false true true 31 July 2024 1 August 2023 false 1 August 2024 31 July 2025 31 July 2025 09153495 Mr Mirko Kusturin P & T Secretaries Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09153495 2024-07-31 09153495 2025-07-31 09153495 2024-08-01 2025-07-31 09153495 frs-core:CurrentFinancialInstruments 2025-07-31 09153495 frs-core:ComputerEquipment 2025-07-31 09153495 frs-core:ComputerEquipment 2024-08-01 2025-07-31 09153495 frs-core:ComputerEquipment 2024-07-31 09153495 frs-core:FurnitureFittings 2025-07-31 09153495 frs-core:FurnitureFittings 2024-08-01 2025-07-31 09153495 frs-core:FurnitureFittings 2024-07-31 09153495 frs-core:MotorVehicles 2025-07-31 09153495 frs-core:MotorVehicles 2024-08-01 2025-07-31 09153495 frs-core:MotorVehicles 2024-07-31 09153495 frs-core:OtherResidualIntangibleAssets 2025-07-31 09153495 frs-core:OtherResidualIntangibleAssets 2024-07-31 09153495 frs-core:PlantMachinery 2025-07-31 09153495 frs-core:PlantMachinery 2024-08-01 2025-07-31 09153495 frs-core:PlantMachinery 2024-07-31 09153495 frs-core:ShareCapital 2025-07-31 09153495 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 09153495 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 09153495 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 09153495 frs-bus:SmallEntities 2024-08-01 2025-07-31 09153495 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 09153495 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 09153495 frs-core:UnlistedNon-exchangeTraded 2025-07-31 09153495 frs-core:UnlistedNon-exchangeTraded 2024-07-31 09153495 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-07-31 09153495 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-07-31 09153495 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-07-31 09153495 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-07-31 09153495 frs-bus:Director1 2024-08-01 2025-07-31 09153495 frs-bus:Director1 2024-07-31 09153495 frs-bus:Director1 2025-07-31 09153495 frs-bus:CompanySecretary1 2024-08-01 2025-07-31 09153495 frs-core:CurrentFinancialInstruments 2 2025-07-31 09153495 frs-core:CurrentFinancialInstruments 3 2025-07-31 09153495 frs-core:CurrentFinancialInstruments 4 2025-07-31 09153495 frs-core:CurrentFinancialInstruments 9 2025-07-31 09153495 frs-countries:EnglandWales 2024-08-01 2025-07-31 09153495 2023-07-31 09153495 2024-07-31 09153495 2023-08-01 2024-07-31 09153495 frs-core:CurrentFinancialInstruments 2024-07-31 09153495 frs-core:ShareCapital 2024-07-31 09153495 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 09153495 frs-core:CurrentFinancialInstruments 2 2024-07-31 09153495 frs-core:CurrentFinancialInstruments 3 2024-07-31 09153495 frs-core:CurrentFinancialInstruments 4 2024-07-31 09153495 frs-core:CurrentFinancialInstruments 9 2024-07-31
Registered number: 09153495
Mk Wine Art Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09153495
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 19,428 25,904
Investments 6 8,567 8,567
27,995 34,471
CURRENT ASSETS
Stocks 7 100,000 90,000
Debtors 8 170,683 123,132
Cash at bank and in hand 16,014 11,005
286,697 224,137
Creditors: Amounts Falling Due Within One Year 9 (1,039,838 ) (1,014,385 )
NET CURRENT ASSETS (LIABILITIES) (753,141 ) (790,248 )
TOTAL ASSETS LESS CURRENT LIABILITIES (725,146 ) (755,777 )
NET LIABILITIES (725,146 ) (755,777 )
CAPITAL AND RESERVES
Called up share capital 10 50,000 50,000
Profit and Loss Account (775,146 ) (805,777 )
SHAREHOLDERS' FUNDS (725,146) (755,777)
Page 1
Page 2
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Mirko Kusturin
Director
17/07/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mk Wine Art Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09153495 . The registered office is 19 The Circle, Queen Elizabeth Street, London, SE1 2JE.
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% WDV
Watch 25% WDV
Restaurant Furniture 25% WDV
Office Equipment 25% WDV
2.5. 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.
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 6)
5 6
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Page 4
4. Intangible Assets
Other
£
Cost
As at 1 August 2024 52,593
As at 31 July 2025 52,593
Amortisation
As at 1 August 2024 52,593
As at 31 July 2025 52,593
Net Book Value
As at 31 July 2025 -
As at 1 August 2024 -
5. Tangible Assets
Plant & Machinery Watch Restaurant Furniture Office Equipment Total
£ £ £ £ £
Cost
As at 1 August 2024 48,689 26,826 4,115 4,441 84,071
As at 31 July 2025 48,689 26,826 4,115 4,441 84,071
Depreciation
As at 1 August 2024 44,049 7,559 3,116 3,443 58,167
Provided during the period 1,160 4,817 250 249 6,476
As at 31 July 2025 45,209 12,376 3,366 3,692 64,643
Net Book Value
As at 31 July 2025 3,480 14,450 749 749 19,428
As at 1 August 2024 4,640 19,267 999 998 25,904
6. Investments
Unlisted
£
Cost or Valuation
As at 1 August 2024 8,567
As at 31 July 2025 8,567
Provision
As at 1 August 2024 -
As at 31 July 2025 -
Net Book Value
As at 31 July 2025 8,567
As at 1 August 2024 8,567
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MK Wine Art Ltd invested in Vini Dal Mondo SRL, an Italian company for £8,567 (€10,000) with a holding of 100% during the year.
7. Stocks
2025 2024
£ £
Finished goods 100,000 90,000
8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 119,082 71,855
Garden Restaurant - Deposit 10,000 10,000
Loan Vini dal Mondo 324 -
Other debtors 41,277 41,277
170,683 123,132
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 423,470 521,818
Bank loans and overdrafts 55,761 46,719
Other taxes and social security 4,089 3,802
VAT 51,931 49,487
Net wages 8,357 9,528
Loan Laurenza 5,000 -
Loan from Daniel Carnio Ltd 8,576 8,576
Loan from F Gaballo 26,021 26,021
Loan Youlend 94,000 48,000
Accruals and deferred income 2,333 2,333
Pension payable 1,412 866
Director's loan account 358,888 297,235
1,039,838 1,014,385
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 50,000 50,000
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Page 6
11. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans to directors:
As at 1 August 2024 Amounts advanced Amounts repaid Amounts written off As at 31 July 2025
£ £ £ £ £
Mr Mirko Kusturin 297,235 61,653 - - 358,888
The above loan is unsecured, interest free and repayable on demand.
Page 6