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 04573883 Mr Anthony Hudson Mr Ben Hudson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04573883 2022-10-31 04573883 2023-10-31 04573883 2022-11-01 2023-10-31 04573883 frs-core:CurrentFinancialInstruments 2023-10-31 04573883 frs-core:ComputerEquipment 2022-11-01 2023-10-31 04573883 frs-core:FurnitureFittings 2022-11-01 2023-10-31 04573883 frs-core:NetGoodwill 2023-10-31 04573883 frs-core:NetGoodwill 2022-11-01 2023-10-31 04573883 frs-core:NetGoodwill 2022-10-31 04573883 frs-core:MotorVehicles 2022-11-01 2023-10-31 04573883 frs-core:PlantMachinery 2023-10-31 04573883 frs-core:PlantMachinery 2022-11-01 2023-10-31 04573883 frs-core:PlantMachinery 2022-10-31 04573883 frs-core:ShareCapital 2023-10-31 04573883 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 04573883 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 04573883 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 04573883 frs-bus:SmallEntities 2022-11-01 2023-10-31 04573883 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 04573883 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 04573883 frs-core:ListedExchangeTraded 2023-10-31 04573883 frs-core:ListedExchangeTraded 2022-10-31 04573883 frs-core:CostValuation frs-core:ListedExchangeTraded 2022-10-31 04573883 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-10-31 04573883 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2022-10-31 04573883 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-10-31 04573883 frs-bus:Director1 2022-11-01 2023-10-31 04573883 frs-bus:Director1 2022-10-31 04573883 frs-bus:Director1 2023-10-31 04573883 frs-bus:Director2 2022-11-01 2023-10-31 04573883 frs-bus:Director2 2022-10-31 04573883 frs-bus:Director2 2023-10-31 04573883 frs-countries:EnglandWales 2022-11-01 2023-10-31 04573883 2021-10-31 04573883 2022-10-31 04573883 2021-11-01 2022-10-31 04573883 frs-core:CurrentFinancialInstruments 2022-10-31 04573883 frs-core:ShareCapital 2022-10-31 04573883 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 04573883
Acuturn Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04573883
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 20,066 26,860
Investments 6 6,628 6,628
26,694 33,488
CURRENT ASSETS
Stocks 11,941 12,688
Debtors 7 15,898 24,841
Cash at bank and in hand 23,591 27,506
51,430 65,035
Creditors: Amounts Falling Due Within One Year 8 (16,939 ) (23,828 )
NET CURRENT ASSETS (LIABILITIES) 34,491 41,207
TOTAL ASSETS LESS CURRENT LIABILITIES 61,185 74,695
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,016 ) (4,945 )
NET ASSETS 56,169 69,750
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 56,069 69,650
SHAREHOLDERS' FUNDS 56,169 69,750
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 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 Ben Hudson
Director
5 April 2024
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
Acuturn Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04573883 . The registered office is Unit 9 Chancel Industrial Estate, Hickman Avenue, Wolverhampton, West Midlands, WV1 2UH.
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.
Turnover represents sales of goods and services, net of value added tax imputed under the flat rate scheme. Turnover is recognised as services are rendered.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Acquired goodwill has been written off in equal instalments over its estimated useful life.
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 15% - reducing balance
Motor Vehicles 25% - reducing balance
Fixtures & Fittings 10% - reducing balance
Computer Equipment 33% - on cost
2.5. 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.
2.6. 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.
2.7. 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.
...CONTINUED
Page 3
Page 4
2.7. Taxation - continued
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.
2.8. Debtors and creditors receivable or payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
2.9. Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs.
Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 10,000
As at 31 October 2023 10,000
Amortisation
As at 1 November 2022 10,000
As at 31 October 2023 10,000
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 November 2022 122,539
As at 31 October 2023 122,539
Depreciation
As at 1 November 2022 95,679
Provided during the period 6,794
As at 31 October 2023 102,473
Net Book Value
As at 31 October 2023 20,066
As at 1 November 2022 26,860
Page 4
Page 5
6. Investments
Listed
£
Cost
As at 1 November 2022 6,628
As at 31 October 2023 6,628
Provision
As at 1 November 2022 -
As at 31 October 2023 -
Net Book Value
As at 31 October 2023 6,628
As at 1 November 2022 6,628
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 15,231 22,505
Prepayments and accrued income 667 930
Directors' loan accounts - 1,406
15,898 24,841
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 1,084
Trade creditors 4,481 4,493
Other creditors 578 896
Taxation and social security 11,880 17,355
16,939 23,828
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2022 Amounts advanced Amounts repaid Amounts written off As at 31 October 2023
£ £ £ £ £
Mr Anthony Hudson 345 - 345 - -
Mr Ben Hudson 1,061 - 1,061 - -
The above loans were interest free and unsecured.
Page 5
Page 6
11. Off-Balance Sheet Arrangements
At the year end the company had financial commitments totalling £26,667.
Page 6