Acorah Software Products - Accounts Production 14.6.300 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 08742628 Edition Capital Directors Limited Mr Charlie Phillips iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08742628 2022-10-31 08742628 2023-10-31 08742628 2022-11-01 2023-10-31 08742628 frs-core:CurrentFinancialInstruments 2023-10-31 08742628 frs-core:Non-currentFinancialInstruments 2023-10-31 08742628 frs-core:BetweenOneFiveYears 2023-10-31 08742628 frs-core:ComputerEquipment 2023-10-31 08742628 frs-core:ComputerEquipment 2022-11-01 2023-10-31 08742628 frs-core:ComputerEquipment 2022-10-31 08742628 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 08742628 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 08742628 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-10-31 08742628 frs-core:MotorVehicles 2023-10-31 08742628 frs-core:MotorVehicles 2022-11-01 2023-10-31 08742628 frs-core:MotorVehicles 2022-10-31 08742628 frs-core:PlantMachinery 2023-10-31 08742628 frs-core:PlantMachinery 2022-11-01 2023-10-31 08742628 frs-core:PlantMachinery 2022-10-31 08742628 frs-core:SharePremium 2023-10-31 08742628 frs-core:ShareCapital 2023-10-31 08742628 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 08742628 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08742628 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 08742628 frs-bus:SmallEntities 2022-11-01 2023-10-31 08742628 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 08742628 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08742628 frs-bus:Director1 2022-11-01 2023-10-31 08742628 frs-bus:Director2 2022-11-01 2023-10-31 08742628 frs-countries:EnglandWales 2022-11-01 2023-10-31 08742628 2021-10-31 08742628 2022-10-31 08742628 2021-11-01 2022-10-31 08742628 frs-core:CurrentFinancialInstruments 2022-10-31 08742628 frs-core:Non-currentFinancialInstruments 2022-10-31 08742628 frs-core:BetweenOneFiveYears 2022-10-31 08742628 frs-core:SharePremium 2022-10-31 08742628 frs-core:ShareCapital 2022-10-31 08742628 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 08742628
Morty and Bobs Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Edition Capital Advisory Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08742628
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 625,002 635,472
625,002 635,472
CURRENT ASSETS
Stocks 5 10,855 12,586
Debtors 6 188,212 137,466
Cash at bank and in hand 200,951 224,637
400,018 374,689
Creditors: Amounts Falling Due Within One Year 7 (484,197 ) (314,726 )
NET CURRENT ASSETS (LIABILITIES) (84,179 ) 59,963
TOTAL ASSETS LESS CURRENT LIABILITIES 540,823 695,435
Creditors: Amounts Falling Due After More Than One Year 8 (138,563 ) (147,448 )
NET ASSETS 402,260 547,987
CAPITAL AND RESERVES
Called up share capital 10 206 194
Share premium account 1,440,308 1,208,130
Profit and Loss Account (1,038,254 ) (660,337 )
SHAREHOLDERS' FUNDS 402,260 547,987
Page 1
Page 2
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
Mr Charlie Phillips
Director
29/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Morty and Bobs Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08742628 . The registered office is Morty and Bobs, 49 Coal Drops Yard, London, N1C 3DQ.
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:
Leasehold Straight line over lifetime of asset
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
Computer Equipment 25% straight line
2.4. 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.
2.5. 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 year was: 56 (2022: 39)
56 39
Page 3
Page 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2022 939,018 113,300 3,500 256 1,056,074
Additions 156,448 87,794 5,351 528 250,121
As at 31 October 2023 1,095,466 201,094 8,851 784 1,306,195
Depreciation
As at 1 November 2022 400,009 20,593 - - 420,602
Provided during the period 208,450 50,069 1,942 130 260,591
As at 31 October 2023 608,459 70,662 1,942 130 681,193
Net Book Value
As at 31 October 2023 487,007 130,432 6,909 654 625,002
As at 1 November 2022 539,009 92,707 3,500 256 635,472
5. Stocks
2023 2022
£ £
Materials 10,855 12,586
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 3,540 455
Prepayments and accrued income 72,676 44,461
Other debtors 46,442 26,484
Net wages - 512
122,658 71,912
Due after more than one year
Other debtors 65,554 65,554
188,212 137,466
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 165,380 116,007
Other taxes and social security 19,396 1
VAT 80,142 31,853
Net wages 76,053 -
Other creditors 60,323 60,323
Accruals and deferred income 82,903 106,542
484,197 314,726
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 63,357 47,134
Bank loans 54,045 76,667
Directors loan account 21,161 23,647
138,563 147,448
9. 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 63,357 47,134
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 206 194
Page 5