Acorah Software Products - Accounts Production 14.5.501 false true false 17 October 2022 31 October 2023 31 October 2023 14424113 Mr Keith Hathaway Mr Courtenay Whyte iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14424113 2022-10-16 14424113 2023-10-31 14424113 2022-10-17 2023-10-31 14424113 frs-core:CurrentFinancialInstruments 2023-10-31 14424113 frs-core:PlantMachinery 2023-10-31 14424113 frs-core:PlantMachinery 2022-10-17 2023-10-31 14424113 frs-core:PlantMachinery 2022-10-16 14424113 frs-core:ShareCapital 2023-10-31 14424113 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 14424113 frs-bus:PrivateLimitedCompanyLtd 2022-10-17 2023-10-31 14424113 frs-bus:FilletedAccounts 2022-10-17 2023-10-31 14424113 frs-bus:SmallEntities 2022-10-17 2023-10-31 14424113 frs-bus:AuditExempt-NoAccountantsReport 2022-10-17 2023-10-31 14424113 frs-bus:SmallCompaniesRegimeForAccounts 2022-10-17 2023-10-31 14424113 frs-bus:Director1 2022-10-17 2023-10-31 14424113 frs-bus:Director2 2022-10-17 2023-10-31 14424113 frs-countries:EnglandWales 2022-10-17 2023-10-31
Registered number: 14424113
Fixabolt Ltd
Unaudited Financial Statements
For the Period 17 October 2022 to 31 October 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14424113
31 October 2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 1,624
1,624
CURRENT ASSETS
Stocks 3,500
Debtors 5 465
Cash at bank and in hand 1,651
5,616
Creditors: Amounts Falling Due Within One Year 6 (15,676 )
NET CURRENT ASSETS (LIABILITIES) (10,060 )
TOTAL ASSETS LESS CURRENT LIABILITIES (8,436 )
NET LIABILITIES (8,436 )
CAPITAL AND RESERVES
Called up share capital 7 2
Profit and Loss Account (8,438 )
SHAREHOLDERS' FUNDS (8,436)
Page 1
Page 2
For the period 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 Keith Hathaway
Director
Mr Courtenay Whyte
Director
10/04/2024
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
Fixabolt Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14424113 . The registered office is 6 Heather Close, Newton Abbot, TQ12 1NS.
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.
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.
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:
Plant & Machinery 20% reducing balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
Page 3
Page 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 17 October 2022 -
Additions 1,879
As at 31 October 2023 1,879
Depreciation
As at 17 October 2022 -
Provided during the period 255
As at 31 October 2023 255
Net Book Value
As at 31 October 2023 1,624
As at 17 October 2022 -
5. Debtors
31 October 2023
£
Due within one year
Trade debtors 179
VAT 286
465
6. Creditors: Amounts Falling Due Within One Year
31 October 2023
£
Trade creditors 4,029
Other creditors 37
Directors' loan accounts 11,610
15,676
7. Share Capital
31 October 2023
£
Allotted, Called up and fully paid 2
Page 4