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Registered number: 13735943
Bould Brothers Ventures Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Strival Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13735943
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 54,000 60,000
Tangible Assets 5 248,298 185,778
302,298 245,778
CURRENT ASSETS
Debtors 6 20,997 4,156
Cash at bank and in hand 20,124 101,781
41,121 105,937
Creditors: Amounts Falling Due Within One Year 7 (301,111 ) (291,842 )
NET CURRENT ASSETS (LIABILITIES) (259,990 ) (185,905 )
TOTAL ASSETS LESS CURRENT LIABILITIES 42,308 59,873
Creditors: Amounts Falling Due After More Than One Year 8 (43,425 ) (34,696 )
NET (LIABILITIES)/ASSETS (1,117 ) 25,177
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (1,217 ) 25,077
SHAREHOLDERS' FUNDS (1,117) 25,177
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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 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
A Bould
Director
25/07/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Bould Brothers Ventures Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13735943 . The registered office is 16 Pettitts Lane, Dry Drayton, Cambridge, CB23 8BT.
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 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.
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:
Leasehold 20% straight line
Plant & Machinery 20% straight line
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% straight line
Computer Equipment 20% straight line
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. 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.
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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.
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. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2022: 15)
20 15
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 60,000
As at 31 October 2023 60,000
Amortisation
As at 1 November 2022 -
Provided during the period 6,000
As at 31 October 2023 6,000
Net Book Value
As at 31 October 2023 54,000
As at 1 November 2022 60,000
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 November 2022 58,672 57,755 - 76,683
Additions 55,000 2,503 62,190 2,166
As at 31 October 2023 113,672 60,258 62,190 78,849
Depreciation
As at 1 November 2022 4,889 4,813 - 6,390
Provided during the period 19,592 12,052 12,438 15,770
As at 31 October 2023 24,481 16,865 12,438 22,160
Net Book Value
As at 31 October 2023 89,191 43,393 49,752 56,689
As at 1 November 2022 53,783 52,942 - 70,293
Computer Equipment Total
£ £
Cost
As at 1 November 2022 9,556 202,666
Additions 3,030 124,889
As at 31 October 2023 12,586 327,555
Depreciation
As at 1 November 2022 796 16,888
Provided during the period 2,517 62,369
As at 31 October 2023 3,313 79,257
Net Book Value
As at 31 October 2023 9,273 248,298
As at 1 November 2022 8,760 185,778
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 20,997 4,156
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 8,993 39,380
Bank loans and overdrafts 34,020 34,812
Other loans 13,474 -
Other creditors 168,608 195,190
Taxation and social security 76,016 22,460
301,111 291,842
The bank loans and overdrafts and other loans are unsecured. 
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 15,882 34,696
Other loans 27,543 -
43,425 34,696
The bank loans and overdrafts and other loans are unsecured. 
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £743 were due to the fund. They are included in other creditors.
11. Related Party Transactions
Included within other creditors is a balance due to the directors of £166,756 (2022: £195,190).  This loan is interest free and repayable on demand.
During the year the company received a loan of £50,000 from a close family member of the directors. At the balance sheet date the company owed £13,474 (2022: £nil) within 1 year and £27,543 (2022: £nil) due after 1 year. This loan is interest free.
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