Acorah Software Products - Accounts Production 14.5.601 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 05966392 Mr Charles James iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05966392 2022-10-31 05966392 2023-10-31 05966392 2022-11-01 2023-10-31 05966392 frs-core:CurrentFinancialInstruments 2023-10-31 05966392 frs-core:FurnitureFittings 2023-10-31 05966392 frs-core:FurnitureFittings 2022-11-01 2023-10-31 05966392 frs-core:FurnitureFittings 2022-10-31 05966392 frs-core:MotorVehicles 2023-10-31 05966392 frs-core:MotorVehicles 2022-11-01 2023-10-31 05966392 frs-core:MotorVehicles 2022-10-31 05966392 frs-core:ShareCapital 2023-10-31 05966392 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 05966392 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 05966392 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 05966392 frs-bus:SmallEntities 2022-11-01 2023-10-31 05966392 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 05966392 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 05966392 frs-bus:Director1 2022-11-01 2023-10-31 05966392 frs-countries:EnglandWales 2022-11-01 2023-10-31 05966392 2021-10-31 05966392 2022-10-31 05966392 2021-11-01 2022-10-31 05966392 frs-core:CurrentFinancialInstruments 2022-10-31 05966392 frs-core:ShareCapital 2022-10-31 05966392 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 05966392
Avican Support Ltd
Financial Statements
For The Year Ended 31 October 2023
Emma Cottington FCA
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05966392
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 254 284
254 284
CURRENT ASSETS
Debtors 5 73,646 27,902
Cash at bank and in hand 274,007 188,401
347,653 216,303
Creditors: Amounts Falling Due Within One Year 6 (282,644 ) (136,741 )
NET CURRENT ASSETS (LIABILITIES) 65,009 79,562
TOTAL ASSETS LESS CURRENT LIABILITIES 65,263 79,846
NET ASSETS 65,263 79,846
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 65,261 79,844
SHAREHOLDERS' FUNDS 65,263 79,846
Page 1
Page 2
For the year ending 31 October 2023 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 Charles James
Director
18/03/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Avican Support Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05966392 . The registered office is Suite 6a Clock Tower Mews, Exeter Road, Newmarket, Suffolk, CB8 8LL.
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, 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.
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.
2.3. 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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2022: 20)
20 20
Page 3
Page 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2022 1,320 8,855 10,175
As at 31 October 2023 1,320 8,855 10,175
Depreciation
As at 1 November 2022 981 8,910 9,891
Provided during the period 85 (55 ) 30
As at 31 October 2023 1,066 8,855 9,921
Net Book Value
As at 31 October 2023 254 - 254
As at 1 November 2022 339 (55 ) 284
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 4,444 (305 )
Prepayments and accrued income 1,550 1,555
Other debtors 67,652 26,652
73,646 27,902
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 8,795 4,960
Corporation tax 45,721 298
Other taxes and social security 9,678 7,854
Other creditors 40,231 40,423
Accruals and deferred income 450 450
Director's loan account 177,769 82,756
282,644 136,741
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 4