Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 10852761 Mr Andrew Andrews Mr George Andrews iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10852761 2022-07-31 10852761 2023-07-31 10852761 2022-08-01 2023-07-31 10852761 frs-core:Non-currentFinancialInstruments 2023-07-31 10852761 frs-core:BetweenOneFiveYears 2023-07-31 10852761 frs-core:FurnitureFittings 2022-08-01 2023-07-31 10852761 frs-core:NetGoodwill 2022-08-01 2023-07-31 10852761 frs-core:MotorVehicles 2022-08-01 2023-07-31 10852761 frs-core:PlantMachinery 2022-08-01 2023-07-31 10852761 frs-core:ShareCapital 2023-07-31 10852761 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 10852761 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10852761 frs-bus:AbridgedAccounts 2022-08-01 2023-07-31 10852761 frs-bus:SmallEntities 2022-08-01 2023-07-31 10852761 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 10852761 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 10852761 frs-bus:Director1 2022-08-01 2023-07-31 10852761 frs-bus:Director2 2022-08-01 2023-07-31 10852761 frs-countries:EnglandWales 2022-08-01 2023-07-31 10852761 2021-07-31 10852761 2022-07-31 10852761 2021-08-01 2022-07-31 10852761 frs-core:Non-currentFinancialInstruments 2022-07-31 10852761 frs-core:BetweenOneFiveYears 2022-07-31 10852761 frs-core:ShareCapital 2022-07-31 10852761 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 10852761
A A G L Trading Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2023
BRP Accountancy Limited
Chartered Certified Accountants
7 Park Avenue
Bromley
BR1 4EF
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 10852761
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 27,428 34,283
Tangible Assets 5 134,545 132,723
161,973 167,006
CURRENT ASSETS
Stocks 16,000 20,000
Debtors 46,986 43,613
Cash at bank and in hand 38,412 19,551
101,398 83,164
Creditors: Amounts Falling Due Within One Year (155,004 ) (171,793 )
NET CURRENT ASSETS (LIABILITIES) (53,606 ) (88,629 )
TOTAL ASSETS LESS CURRENT LIABILITIES 108,367 78,377
Creditors: Amounts Falling Due After More Than One Year (86,573 ) (67,690 )
NET ASSETS 21,794 10,687
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 21,694 10,587
SHAREHOLDERS' FUNDS 21,794 10,687
Page 1
Page 2
For the year ending 31 July 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 July 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Andrew Andrews
Director
22nd April 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
A A G L Trading Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10852761 . The registered office is 12 Crescent Way, Orpington, Kent, BR6 9LP.
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 - 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 10 years.
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 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 20% Reducing balance
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Page 4
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. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2022: 8)
9 8
4. Intangible Assets
Total
£
Cost
As at 1 August 2022 68,559
As at 31 July 2023 68,559
Amortisation
As at 1 August 2022 34,276
Provided during the period 6,855
As at 31 July 2023 41,131
...CONTINUED
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Page 5
Net Book Value
As at 31 July 2023 27,428
As at 1 August 2022 34,283
5. Tangible Assets
Total
£
Cost
As at 1 August 2022 205,669
Additions 34,760
As at 31 July 2023 240,429
Depreciation
As at 1 August 2022 72,946
Provided during the period 32,938
As at 31 July 2023 105,884
Net Book Value
As at 31 July 2023 134,545
As at 1 August 2022 132,723
6. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 28,650 -
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5