Acorah Software Products - Accounts Production 14.5.501 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 07798823 Mr Theodore Jordan Mrs Lucy Jordan Mrs Lucy Jordan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07798823 2022-10-31 07798823 2023-10-31 07798823 2022-11-01 2023-10-31 07798823 frs-core:CurrentFinancialInstruments 2023-10-31 07798823 frs-core:Non-currentFinancialInstruments 2023-10-31 07798823 frs-core:BetweenOneFiveYears 2023-10-31 07798823 frs-core:ComputerEquipment 2023-10-31 07798823 frs-core:ComputerEquipment 2022-11-01 2023-10-31 07798823 frs-core:ComputerEquipment 2022-10-31 07798823 frs-core:NetGoodwill 2023-10-31 07798823 frs-core:NetGoodwill 2022-11-01 2023-10-31 07798823 frs-core:NetGoodwill 2022-10-31 07798823 frs-core:MotorVehicles 2023-10-31 07798823 frs-core:MotorVehicles 2022-11-01 2023-10-31 07798823 frs-core:MotorVehicles 2022-10-31 07798823 frs-core:PlantMachinery 2023-10-31 07798823 frs-core:PlantMachinery 2022-11-01 2023-10-31 07798823 frs-core:PlantMachinery 2022-10-31 07798823 frs-core:WithinOneYear 2023-10-31 07798823 frs-core:ShareCapital 2023-10-31 07798823 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 07798823 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 07798823 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 07798823 frs-bus:SmallEntities 2022-11-01 2023-10-31 07798823 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 07798823 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 07798823 frs-bus:Director1 2022-11-01 2023-10-31 07798823 frs-bus:Director2 2022-11-01 2023-10-31 07798823 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 07798823 frs-core:CurrentFinancialInstruments 1 2023-10-31 07798823 frs-core:CurrentFinancialInstruments 2 2023-10-31 07798823 frs-countries:EnglandWales 2022-11-01 2023-10-31 07798823 2021-10-31 07798823 2022-10-31 07798823 2021-11-01 2022-10-31 07798823 frs-core:CurrentFinancialInstruments 2022-10-31 07798823 frs-core:Non-currentFinancialInstruments 2022-10-31 07798823 frs-core:BetweenOneFiveYears 2022-10-31 07798823 frs-core:WithinOneYear 2022-10-31 07798823 frs-core:ShareCapital 2022-10-31 07798823 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 07798823 frs-core:CurrentFinancialInstruments 1 2022-10-31 07798823 frs-core:CurrentFinancialInstruments 2 2022-10-31
Registered number: 07798823
Cowley Oak Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
TaxAssist Gloucester & Cheltenham
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07798823
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 31,296 4,449
31,296 4,449
CURRENT ASSETS
Stocks 5 5,000 5,000
Debtors 6 469,773 285,484
Cash at bank and in hand 298,449 317,398
773,222 607,882
Creditors: Amounts Falling Due Within One Year 7 (175,823 ) (104,068 )
NET CURRENT ASSETS (LIABILITIES) 597,399 503,814
TOTAL ASSETS LESS CURRENT LIABILITIES 628,695 508,263
Creditors: Amounts Falling Due After More Than One Year 8 (21,756 ) (3,191 )
NET ASSETS 606,939 505,072
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 606,839 504,972
SHAREHOLDERS' FUNDS 606,939 505,072
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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 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 Theodore Jordan
Director
12/04/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
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.
1.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
1.4. 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% SL
Motor Vehicles 25% SL
Computer Equipment 25% SL
1.5. 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 profit and loss account 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 profit and loss account as incurred.
1.6. 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.
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1.7. 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 6 (2022: 6)
6 6
3. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 8,500
As at 31 October 2023 8,500
Amortisation
As at 1 November 2022 8,500
As at 31 October 2023 8,500
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2022 2,892 25,495 3,351 31,738
Additions 323 44,438 462 45,223
Disposals - (17,839 ) - (17,839 )
As at 31 October 2023 3,215 52,094 3,813 59,122
Depreciation
As at 1 November 2022 2,177 22,304 2,808 27,289
Provided during the period 499 17,452 425 18,376
Disposals - (17,839 ) - (17,839 )
As at 31 October 2023 2,676 21,917 3,233 27,826
...CONTINUED
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Net Book Value
As at 31 October 2023 539 30,177 580 31,296
As at 1 November 2022 715 3,191 543 4,449
5. Stocks
2023 2022
£ £
Stock - work in progress 5,000 5,000
6. Debtors
2023 2022
£ £
Due within one year
Other debtors (2) 6,662 -
VAT 13,141 11,195
Net wages 100 -
Amounts owed by joint-ventures 449,870 274,289
469,773 285,484
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 8,422 -
Trade creditors 34,651 28,878
Bank loans and overdrafts 42,249 -
Corporation tax 55,915 49,244
Other taxes and social security 22 4,791
Pension Liability (1) 276 161
Accruals and deferred income 34,286 20,952
Directors' loan accounts 2 42
175,823 104,068
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 21,756 3,191
21,756 3,191
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The maturity of these amounts is as follows:
Within one year 8,422 -
Between one and five years 21,756 3,191
30,178 3,191
30,178 3,191
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10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
2023 2022
£ £
Mr Theodore Jordan 44,611 44,100
Mrs Lucy Jordan 44,611 44,100
12. General Information
Cowley Oak Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07798823 . The registered office is Perryway Cottage, Cowley, Cheltenham, Gloucestershire, GL53 9NN.
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