Acorah Software Products - Accounts Production 15.0.400 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 05245118 Mr Jamie Lynn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05245118 2022-10-31 05245118 2023-10-31 05245118 2022-11-01 2023-10-31 05245118 frs-core:CurrentFinancialInstruments 2023-10-31 05245118 frs-core:Non-currentFinancialInstruments 2023-10-31 05245118 frs-core:NetGoodwill 2023-10-31 05245118 frs-core:NetGoodwill 2022-11-01 2023-10-31 05245118 frs-core:NetGoodwill 2022-10-31 05245118 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 05245118 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 05245118 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-10-31 05245118 frs-core:MotorVehicles 2023-10-31 05245118 frs-core:MotorVehicles 2022-11-01 2023-10-31 05245118 frs-core:MotorVehicles 2022-10-31 05245118 frs-core:PlantMachinery 2023-10-31 05245118 frs-core:PlantMachinery 2022-11-01 2023-10-31 05245118 frs-core:PlantMachinery 2022-10-31 05245118 frs-core:ShareCapital 2023-10-31 05245118 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 05245118 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 05245118 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 05245118 frs-bus:SmallEntities 2022-11-01 2023-10-31 05245118 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 05245118 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 05245118 frs-bus:Director1 2022-11-01 2023-10-31 05245118 frs-countries:EnglandWales 2022-11-01 2023-10-31 05245118 2021-10-31 05245118 2022-10-31 05245118 2021-11-01 2022-10-31 05245118 frs-core:CurrentFinancialInstruments 2022-10-31 05245118 frs-core:Non-currentFinancialInstruments 2022-10-31 05245118 frs-core:ShareCapital 2022-10-31 05245118 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 05245118
Balfa Uk Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05245118
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 7,400
Tangible Assets 5 78,098 25,945
78,098 33,345
CURRENT ASSETS
Stocks 6 795,904 967,501
Debtors 7 43,682 45,150
Cash at bank and in hand 3,499 31,948
843,085 1,044,599
Creditors: Amounts Falling Due Within One Year 8 (494,378 ) (590,713 )
NET CURRENT ASSETS (LIABILITIES) 348,707 453,886
TOTAL ASSETS LESS CURRENT LIABILITIES 426,805 487,231
Creditors: Amounts Falling Due After More Than One Year 9 (53,973 ) (36,431 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (19,524 ) (10,887 )
NET ASSETS 353,308 439,913
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 353,307 439,912
SHAREHOLDERS' FUNDS 353,308 439,913
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 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 Jamie Lynn
Director
30th July 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
Balfa Uk Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05245118 . The registered office is 62 Wantage Road, Didcot, Oxon, OX11 0BY.
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.
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 5 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 25% Straight line
Plant & Machinery 25% and 33% Straight line
Motor Vehicles 20% Straight line
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.
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2.6. 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 year 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 asset reflects 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: 15 (2022: 18)
15 18
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 61,000
As at 31 October 2023 61,000
Amortisation
As at 1 November 2022 53,600
Provided during the period 7,400
As at 31 October 2023 61,000
Net Book Value
As at 31 October 2023 -
As at 1 November 2022 7,400
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 November 2022 69,905 68,318 165,041 303,264
Additions - - 63,991 63,991
As at 31 October 2023 69,905 68,318 229,032 367,255
Depreciation
As at 1 November 2022 67,425 68,318 141,576 277,319
Provided during the period 826 - 11,012 11,838
As at 31 October 2023 68,251 68,318 152,588 289,157
Net Book Value
As at 31 October 2023 1,654 - 76,444 78,098
As at 1 November 2022 2,480 - 23,465 25,945
6. Stocks
2023 2022
£ £
Finished goods 795,904 967,501
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 14,021 6,753
Other debtors 29,661 38,397
43,682 45,150
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8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 256,084 284,065
Bank loans and overdrafts 45,113 20,000
Other loans 23,842 1,940
Other creditors 152,882 172,646
Taxation and social security 16,457 112,062
494,378 590,713
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 17,500 36,431
Other loans 36,473 -
53,973 36,431
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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