Acorah Software Products - Accounts Production 14.5.601 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 08152791 Mr Andrew Cross iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08152791 2023-01-31 08152791 2024-01-31 08152791 2023-02-01 2024-01-31 08152791 frs-core:CurrentFinancialInstruments 2024-01-31 08152791 frs-core:ComputerEquipment 2024-01-31 08152791 frs-core:ComputerEquipment 2023-02-01 2024-01-31 08152791 frs-core:ComputerEquipment 2023-01-31 08152791 frs-core:FurnitureFittings 2024-01-31 08152791 frs-core:FurnitureFittings 2023-02-01 2024-01-31 08152791 frs-core:FurnitureFittings 2023-01-31 08152791 frs-core:MotorVehicles 2024-01-31 08152791 frs-core:MotorVehicles 2023-02-01 2024-01-31 08152791 frs-core:MotorVehicles 2023-01-31 08152791 frs-core:PlantMachinery 2024-01-31 08152791 frs-core:PlantMachinery 2023-02-01 2024-01-31 08152791 frs-core:PlantMachinery 2023-01-31 08152791 frs-core:ShareCapital 2024-01-31 08152791 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08152791 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08152791 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 08152791 frs-bus:SmallEntities 2023-02-01 2024-01-31 08152791 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08152791 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08152791 frs-bus:Director1 2023-02-01 2024-01-31 08152791 frs-bus:Director1 2023-01-31 08152791 frs-bus:Director1 2024-01-31 08152791 frs-core:CurrentFinancialInstruments 1 2024-01-31 08152791 frs-countries:EnglandWales 2023-02-01 2024-01-31 08152791 2022-01-31 08152791 2023-01-31 08152791 2022-02-01 2023-01-31 08152791 frs-core:CurrentFinancialInstruments 2023-01-31 08152791 frs-core:ShareCapital 2023-01-31 08152791 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 08152791 frs-core:CurrentFinancialInstruments 1 2023-01-31
Registered number: 08152791
ORing Industrial Networking (UK) Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Gillespie BS Limited
2 Gloucester Road North
Filton
Bristol
BS7 0SF
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08152791
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,660 2,433
1,660 2,433
CURRENT ASSETS
Stocks 5 27,856 13,569
Debtors 6 353,659 464,225
Cash at bank and in hand 513,848 414,070
895,363 891,864
Creditors: Amounts Falling Due Within One Year 7 (310,952 ) (194,900 )
NET CURRENT ASSETS (LIABILITIES) 584,411 696,964
TOTAL ASSETS LESS CURRENT LIABILITIES 586,071 699,397
NET ASSETS 586,071 699,397
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 585,971 699,297
SHAREHOLDERS' FUNDS 586,071 699,397
Page 1
Page 2
For the year ending 31 January 2024 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 Andrew Cross
Director
29th March 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
ORing Industrial Networking (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08152791 . The registered office is Mill Cottage, Kehelland, Camborne, England, TR14 0JH.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 33% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 33% straight line
Computer Equipment 33% straight line
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to 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 stocks.
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.
2.7. Taxation
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 year 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.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2023 1,189 5,482 2,054 4,398 13,123
As at 31 January 2024 1,189 5,482 2,054 4,398 13,123
...CONTINUED
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Page 4
Depreciation
As at 1 February 2023 1,189 3,268 2,054 4,179 10,690
Provided during the period - 554 - 219 773
As at 31 January 2024 1,189 3,822 2,054 4,398 11,463
Net Book Value
As at 31 January 2024 - 1,660 - - 1,660
As at 1 February 2023 - 2,214 - 219 2,433
5. Stocks
2024 2023
£ £
Finished goods 27,856 13,569
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 258,358 87,383
Shareholder loan 95,301 376,727
VAT - 115
353,659 464,225
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 131,690 122,372
Corporation tax 83,764 43,859
Other taxes and social security 846 1,089
VAT 925 -
Credit card 452 950
Stock received not invoiced (13,940 ) (60,219 )
Accruals and deferred income 107,215 86,849
310,952 194,900
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to shareholders:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Andrew Cross (376,727 ) 95,301 376,727 - (95,301 )
The above loan is unsecured and interest has been charged at 2.25%.
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