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 08870992 Mr John Adamson Mrs Helen Adamson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08870992 2023-01-31 08870992 2024-01-31 08870992 2023-02-01 2024-01-31 08870992 frs-core:CurrentFinancialInstruments 2024-01-31 08870992 frs-core:Non-currentFinancialInstruments 2024-01-31 08870992 frs-core:BetweenOneFiveYears 2024-01-31 08870992 frs-core:ComputerEquipment 2024-01-31 08870992 frs-core:ComputerEquipment 2023-02-01 2024-01-31 08870992 frs-core:ComputerEquipment 2023-01-31 08870992 frs-core:MotorVehicles 2024-01-31 08870992 frs-core:MotorVehicles 2023-02-01 2024-01-31 08870992 frs-core:MotorVehicles 2023-01-31 08870992 frs-core:WithinOneYear 2024-01-31 08870992 frs-core:ShareCapital 2024-01-31 08870992 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08870992 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08870992 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 08870992 frs-bus:SmallEntities 2023-02-01 2024-01-31 08870992 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08870992 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08870992 frs-core:CostValuation 2023-01-31 08870992 frs-core:CostValuation 2024-01-31 08870992 frs-core:ProvisionsForImpairmentInvestments 2023-01-31 08870992 frs-core:ProvisionsForImpairmentInvestments 2024-01-31 08870992 frs-bus:Director1 2023-02-01 2024-01-31 08870992 frs-bus:Director2 2023-02-01 2024-01-31 08870992 frs-countries:EnglandWales 2023-02-01 2024-01-31 08870992 2022-01-31 08870992 2023-01-31 08870992 2022-02-01 2023-01-31 08870992 frs-core:CurrentFinancialInstruments 2023-01-31 08870992 frs-core:Non-currentFinancialInstruments 2023-01-31 08870992 frs-core:BetweenOneFiveYears 2023-01-31 08870992 frs-core:WithinOneYear 2023-01-31 08870992 frs-core:ShareCapital 2023-01-31 08870992 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 08870992
Revelo Business Consultants Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Steve Pye & Co.
Chartered Certified Accountants
Unit 8 Home Farm
Norwich Road
Marsham, Norwich
Norfolk
NR10 5PQ
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 08870992
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 49,906 67,656
Investment Properties 5 200,465 200,465
Investments 6 24,859 24,859
275,230 292,980
CURRENT ASSETS
Debtors 7 160,669 138,471
Cash at bank and in hand 7,205 9,048
167,874 147,519
Creditors: Amounts Falling Due Within One Year 8 (222,811 ) (202,066 )
NET CURRENT ASSETS (LIABILITIES) (54,937 ) (54,547 )
TOTAL ASSETS LESS CURRENT LIABILITIES 220,293 238,433
Creditors: Amounts Falling Due After More Than One Year 9 (39,994 ) (25,481 )
NET ASSETS 180,299 212,952
CAPITAL AND RESERVES
Called up share capital 11 2 2
Income Statement 180,297 212,950
SHAREHOLDERS' FUNDS 180,299 212,952
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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 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 Income Statement.
On behalf of the board
Mr John Adamson
Director
20 March 2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Revelo Business Consultants Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08870992 . The registered office is 45 Aberdeen Avenue, Cambridge, CB2 8DL.  
The presentation currency of the financial statements is the Pound Sterling (£).
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. Significant judgements and estimations
In the application of the copmany's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources.  The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant.  Actual results may differ from these estimates.  The estimates and underliyng assumptions are reviewed on an ongoing basis.  Revisions to accounting estimates are recognised in the period to which the estimate is revised if the revision affects only that period or in the period of revision and future periods if the revision affects both current and future periods.  The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are the depreciation charges that are calculated with reference to the useful economic life of fixed assets.
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.
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:
Motor Vehicles 25% RB
Computer Equipment 3 years S/L
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
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2.7. Financial Instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.
a) Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.
b) Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.
c) Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
d) Trade and other creditors
Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 88,960 6,372 95,332
Additions 61,820 5,138 66,958
Disposals (88,960 ) - (88,960 )
As at 31 January 2024 61,820 11,510 73,330
Depreciation
As at 1 February 2023 22,240 5,436 27,676
Provided during the period 15,455 2,533 17,988
Disposals (22,240 ) - (22,240 )
As at 31 January 2024 15,455 7,969 23,424
Net Book Value
As at 31 January 2024 46,365 3,541 49,906
As at 1 February 2023 66,720 936 67,656
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5. Investment Property
2024
£
Fair Value
As at 1 February 2023 and 31 January 2024 200,465
6. Investments
Associates
£
Cost
As at 1 February 2023 24,859
As at 31 January 2024 24,859
Provision
As at 1 February 2023 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 24,859
As at 1 February 2023 24,859
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,920 9,587
Prepayments and accrued income 165 300
Other debtors 158,584 128,584
160,669 138,471
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,838 17,987
Trade creditors - (1 )
Other creditors 216,528 179,165
Taxation and social security 445 4,915
222,811 202,066
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 39,994 25,481
39,994 25,481
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,838 17,987
Later than one year and not later than five years 39,994 25,481
45,832 43,468
45,832 43,468
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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