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 09337829 Mr Tristan Alder Mr Malcolm Haddow Mr Daniel Latto Mr Ben O'Keeffe Mrs Maria Parker Mr Manmeet Singh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09337829 2022-10-31 09337829 2023-10-31 09337829 2022-11-01 2023-10-31 09337829 frs-core:CurrentFinancialInstruments 2023-10-31 09337829 frs-core:Non-currentFinancialInstruments 2023-10-31 09337829 frs-core:ComputerEquipment 2023-10-31 09337829 frs-core:ComputerEquipment 2022-11-01 2023-10-31 09337829 frs-core:ComputerEquipment 2022-10-31 09337829 frs-core:FurnitureFittings 2023-10-31 09337829 frs-core:FurnitureFittings 2022-11-01 2023-10-31 09337829 frs-core:FurnitureFittings 2022-10-31 09337829 frs-core:NetGoodwill 2023-10-31 09337829 frs-core:NetGoodwill 2022-11-01 2023-10-31 09337829 frs-core:NetGoodwill 2022-10-31 09337829 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 09337829 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 09337829 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-10-31 09337829 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 09337829 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09337829 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-10-31 09337829 frs-core:MotorVehicles 2023-10-31 09337829 frs-core:MotorVehicles 2022-11-01 2023-10-31 09337829 frs-core:MotorVehicles 2022-10-31 09337829 frs-core:PlantMachinery 2023-10-31 09337829 frs-core:PlantMachinery 2022-11-01 2023-10-31 09337829 frs-core:PlantMachinery 2022-10-31 09337829 frs-core:ShareCapital 2023-10-31 09337829 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09337829 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09337829 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 09337829 frs-bus:SmallEntities 2022-11-01 2023-10-31 09337829 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09337829 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09337829 frs-bus:Director1 2022-11-01 2023-10-31 09337829 frs-bus:Director1 2022-10-31 09337829 frs-bus:Director1 2023-10-31 09337829 frs-bus:Director2 2022-11-01 2023-10-31 09337829 frs-bus:Director3 2022-11-01 2023-10-31 09337829 frs-bus:Director4 2022-11-01 2023-10-31 09337829 frs-bus:Director5 2022-11-01 2023-10-31 09337829 frs-bus:Director6 2022-11-01 2023-10-31 09337829 frs-countries:EnglandWales 2022-11-01 2023-10-31 09337829 2021-10-31 09337829 2022-10-31 09337829 2021-11-01 2022-10-31 09337829 frs-core:CurrentFinancialInstruments 2022-10-31 09337829 frs-core:Non-currentFinancialInstruments 2022-10-31 09337829 frs-core:ShareCapital 2022-10-31 09337829 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 09337829
Burtons Solicitors Limited
Financial Statements
For The Year Ended 31 October 2023
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09337829
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 61,752 61,752
Tangible Assets 5 459,720 289,148
521,472 350,900
CURRENT ASSETS
Stocks 6 46,130 202,130
Debtors 7 612,249 649,659
Cash at bank and in hand 234,464 111,208
892,843 962,997
Creditors: Amounts Falling Due Within One Year 8 (226,008 ) (299,998 )
NET CURRENT ASSETS (LIABILITIES) 666,835 662,999
TOTAL ASSETS LESS CURRENT LIABILITIES 1,188,307 1,013,899
Creditors: Amounts Falling Due After More Than One Year 9 (104,356 ) (56,163 )
NET ASSETS 1,083,951 957,736
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 1,083,851 957,636
SHAREHOLDERS' FUNDS 1,083,951 957,736
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
Mrs Maria Parker
Director
25 July 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Burtons Solicitors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09337829 . The registered office is 39 High Street, Orpington, BR6 0JE.
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 .... 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 15% Reducing Balance
Motor Vehicles 10% Reducing Balance
Fixtures & Fittings 10% Reducing Balance
Computer Equipment 10% Reducing Balance
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.
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 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.
...CONTINUED
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Page 4
2.6. Taxation - continued
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: 9 (2022: 9)
9 9
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 115,000
As at 31 October 2023 115,000
Amortisation
As at 1 November 2022 53,248
As at 31 October 2023 53,248
Net Book Value
As at 31 October 2023 61,752
As at 1 November 2022 61,752
5. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 November 2022 40,655 124,824 195,807 4,446
Additions - - 6,713 -
Other - 164,421 - -
As at 31 October 2023 40,655 289,245 202,520 4,446
Depreciation
As at 1 November 2022 - - 75,695 889
Provided during the period - - 18,016 356
As at 31 October 2023 - - 93,711 1,245
Net Book Value
As at 31 October 2023 40,655 289,245 108,809 3,201
As at 1 November 2022 40,655 124,824 120,112 3,557
Page 4
Page 5
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2022 - - 365,732
Additions 12,275 7,514 26,502
Other - - 164,421
As at 31 October 2023 12,275 7,514 556,655
Depreciation
As at 1 November 2022 - - 76,584
Provided during the period 1,228 751 20,351
As at 31 October 2023 1,228 751 96,935
Net Book Value
As at 31 October 2023 11,047 6,763 459,720
As at 1 November 2022 - - 289,148
6. Stocks
2023 2022
£ £
Work in progress 46,130 202,130
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 433,588 333,180
Other debtors - 109,369
Directors' loan accounts 178,661 207,110
612,249 649,659
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 15,584 111,287
Corporation tax 17,579 50,865
Other taxes and social security - 50,431
VAT 68,045 65,975
Other creditors 23,545 -
Accruals and deferred income 101,255 21,440
226,008 299,998
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Page 6
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 104,356 56,163
104,356 56,163
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2022 Amounts advanced Amounts repaid Amounts written off As at 31 October 2023
£ £ £ £ £
Mrs Maria Parker - 178,661 - - 178,661
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
12. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 60,000 -
60,000 -
Page 6