Acorah Software Products - Accounts Production 14.5.601 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 12921584 Ms Ekaterina Eldring iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12921584 2022-10-31 12921584 2023-10-31 12921584 2022-11-01 2023-10-31 12921584 frs-core:CurrentFinancialInstruments 2023-10-31 12921584 frs-core:FurnitureFittings 2023-10-31 12921584 frs-core:FurnitureFittings 2022-11-01 2023-10-31 12921584 frs-core:FurnitureFittings 2022-10-31 12921584 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 12921584 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 12921584 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-10-31 12921584 frs-core:ShareCapital 2023-10-31 12921584 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12921584 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12921584 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 12921584 frs-bus:SmallEntities 2022-11-01 2023-10-31 12921584 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12921584 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12921584 frs-bus:Director1 2022-11-01 2023-10-31 12921584 frs-countries:EnglandWales 2022-11-01 2023-10-31 12921584 2021-10-31 12921584 2022-10-31 12921584 2021-11-01 2022-10-31 12921584 frs-core:CurrentFinancialInstruments 2022-10-31 12921584 frs-core:ShareCapital 2022-10-31 12921584 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 12921584
Corpserv Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Guildford Accounting
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12921584
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 332,039 346,203
332,039 346,203
CURRENT ASSETS
Debtors 5 1,055 856
Cash at bank and in hand 33,510 21,577
34,565 22,433
Creditors: Amounts Falling Due Within One Year 6 (403,503 ) (402,887 )
NET CURRENT ASSETS (LIABILITIES) (368,938 ) (380,454 )
TOTAL ASSETS LESS CURRENT LIABILITIES (36,899 ) (34,251 )
NET LIABILITIES (36,899 ) (34,251 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (36,999 ) (34,351 )
SHAREHOLDERS' FUNDS (36,899) (34,251)
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Ms Ekaterina Eldring
Director
18/04/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Corpserv Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12921584 . The registered office is Flat 31 Surbiton Plaza, 16 St. Marys Road, Surbiton, Surrey, KT6 4EP.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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 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:
Leasehold straight line over 25 years
Fixtures & Fittings straight line over 4 years
2.5. 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 year was: 1 (2022: 1)
1 1
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4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2022 376,308 - 376,308
Additions - 969 969
As at 31 October 2023 376,308 969 377,277
Depreciation
As at 1 November 2022 30,105 - 30,105
Provided during the period 15,052 81 15,133
As at 31 October 2023 45,157 81 45,238
Net Book Value
As at 31 October 2023 331,151 888 332,039
As at 1 November 2022 346,203 - 346,203
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 1,055 856
1,055 856
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (1 ) -
Corporation tax 1,705 -
Accruals and deferred income 600 600
Director's loan account 401,199 400,887
Payments on account - 1,400
403,503 402,887
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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