Acorah Software Products - Accounts Production 14.5.601 false true 31 October 2022 1 November 2021 false 1 November 2022 30 September 2023 30 September 2023 07282159 Mr Grant Penfield iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07282159 2022-10-31 07282159 2023-09-30 07282159 2022-11-01 2023-09-30 07282159 frs-core:CurrentFinancialInstruments 2023-09-30 07282159 frs-core:ComputerEquipment 2023-09-30 07282159 frs-core:ComputerEquipment 2022-11-01 2023-09-30 07282159 frs-core:ComputerEquipment 2022-10-31 07282159 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-30 07282159 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-11-01 2023-09-30 07282159 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-10-31 07282159 frs-core:OtherResidualIntangibleAssets 2023-09-30 07282159 frs-core:OtherResidualIntangibleAssets 2022-11-01 2023-09-30 07282159 frs-core:OtherResidualIntangibleAssets 2022-10-31 07282159 frs-core:ShareCapital 2023-09-30 07282159 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 07282159 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-09-30 07282159 frs-bus:FilletedAccounts 2022-11-01 2023-09-30 07282159 frs-bus:SmallEntities 2022-11-01 2023-09-30 07282159 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-09-30 07282159 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-09-30 07282159 frs-bus:Director1 2022-11-01 2023-09-30 07282159 frs-countries:EnglandWales 2022-11-01 2023-09-30 07282159 2021-10-31 07282159 2022-10-31 07282159 2021-11-01 2022-10-31 07282159 frs-core:CurrentFinancialInstruments 2022-10-31 07282159 frs-core:ShareCapital 2022-10-31 07282159 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 07282159
Goldfarben Ltd
Unaudited Financial Statements
For the Period 1 November 2022 to 30 September 2023
Simpson Associates
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07282159
30 September 2023 31 October 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 15
Tangible Assets 5 651 937
652 952
CURRENT ASSETS
Stocks 6 99,976 103,985
Debtors 7 43,276 3,959
Cash at bank and in hand 41,817 28,724
185,069 136,668
Creditors: Amounts Falling Due Within One Year 8 (84,475 ) (53,527 )
NET CURRENT ASSETS (LIABILITIES) 100,594 83,141
TOTAL ASSETS LESS CURRENT LIABILITIES 101,246 84,093
PROVISIONS FOR LIABILITIES
Deferred Taxation (124 ) (178 )
NET ASSETS 101,122 83,915
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 101,121 83,914
SHAREHOLDERS' FUNDS 101,122 83,915
Page 1
Page 2
For the period ending 30 September 2023 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 Grant Penfield
Director
26/03/2024
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
Goldfarben Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07282159 . The registered office is 2 All Saints Place, Stamford, PE9 2AG.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
Page 3
Page 4
2.5. 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:
Computer Equipment 25% Straight Line
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. 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.
2.8. 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2022: 1)
1 1
Page 4
Page 5
4. Intangible Assets
Other Development Costs Total
£ £ £
Cost
As at 1 November 2022 1,405 8,553 9,958
As at 30 September 2023 1,405 8,553 9,958
Amortisation
As at 1 November 2022 1,390 8,553 9,943
Provided during the period 14 - 14
As at 30 September 2023 1,404 8,553 9,957
Net Book Value
As at 30 September 2023 1 - 1
As at 1 November 2022 15 - 15
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2022 4,767
As at 30 September 2023 4,767
Depreciation
As at 1 November 2022 3,830
Provided during the period 286
As at 30 September 2023 4,116
Net Book Value
As at 30 September 2023 651
As at 1 November 2022 937
6. Stocks
30 September 2023 31 October 2022
£ £
Materials 99,976 103,985
Page 5
Page 6
7. Debtors
30 September 2023 31 October 2022
£ £
Due within one year
Trade debtors - 791
Other debtors 43,276 3,168
43,276 3,959
8. Creditors: Amounts Falling Due Within One Year
30 September 2023 31 October 2022
£ £
Trade creditors 10,097 4,695
Other creditors 69,746 46,529
Taxation and social security 4,632 2,303
84,475 53,527
9. Share Capital
30 September 2023 31 October 2022
£ £
Allotted, Called up and fully paid 1 1
Page 6