Acorah Software Products - Accounts Production 14.6.300 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 09584766 R Engler D Rowell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09584766 2022-10-31 09584766 2023-10-31 09584766 2022-11-01 2023-10-31 09584766 frs-core:CurrentFinancialInstruments 2023-10-31 09584766 frs-core:ComputerEquipment 2023-10-31 09584766 frs-core:ComputerEquipment 2022-11-01 2023-10-31 09584766 frs-core:ComputerEquipment 2022-10-31 09584766 frs-core:FurnitureFittings 2023-10-31 09584766 frs-core:FurnitureFittings 2022-11-01 2023-10-31 09584766 frs-core:FurnitureFittings 2022-10-31 09584766 frs-core:ShareCapital 2023-10-31 09584766 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09584766 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09584766 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 09584766 frs-bus:SmallEntities 2022-11-01 2023-10-31 09584766 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09584766 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09584766 frs-bus:Director1 2022-11-01 2023-10-31 09584766 frs-bus:Director2 2022-11-01 2023-10-31 09584766 frs-countries:EnglandWales 2022-11-01 2023-10-31 09584766 2021-10-31 09584766 2022-10-31 09584766 2021-11-01 2022-10-31 09584766 frs-core:CurrentFinancialInstruments 2022-10-31 09584766 frs-core:ShareCapital 2022-10-31 09584766 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 09584766
Autonomy Management Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09584766
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,908 3,878
2,908 3,878
CURRENT ASSETS
Debtors 5 163,979 152,428
Cash at bank and in hand 284,228 219,737
448,207 372,165
Creditors: Amounts Falling Due Within One Year 6 (437,377 ) (362,759 )
NET CURRENT ASSETS (LIABILITIES) 10,830 9,406
TOTAL ASSETS LESS CURRENT LIABILITIES 13,738 13,284
NET ASSETS 13,738 13,284
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 13,638 13,184
SHAREHOLDERS' FUNDS 13,738 13,284
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
R Engler
Director
29/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Autonomy Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09584766 . The registered office is 29/30 Fitzroy Square, London, W1T 6LQ.
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. Going Concern Disclosure
The directors have reviewed the company’s forecasts and projections and, in particular, have considered the potential implications of the current global economic climate. Whilst the financial impact of the global economy on the company remains uncertain, the directors are confident that the company will be able to continue to remain operational.
The company meets its day to day working capital requirements through net cash generated from trading activities which is sufficient to meet all financial liabilities as they fall due. The directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. The company, therefore, continues to adopt the going concern basis in preparing the financial statements.
2.3. Turnover
Revenue is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
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:
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.5. 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.
2.6. Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Page 3
Page 4
2.7. 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: 7 (2022: 7)
7 7
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2022 2,386 12,719 15,105
As at 31 October 2023 2,386 12,719 15,105
Depreciation
As at 1 November 2022 2,386 8,841 11,227
Provided during the period - 970 970
As at 31 October 2023 2,386 9,811 12,197
Net Book Value
As at 31 October 2023 - 2,908 2,908
As at 1 November 2022 - 3,878 3,878
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 75,865 48,097
Other debtors 62,510 78,727
Corporation tax recoverable assets 25,604 25,604
163,979 152,428
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 32,031 24,610
Corporation tax 111,267 106,042
Other taxes and social security 23,213 13,361
Other creditors 270,866 217,967
Amounts owed to group undertakings - 779
437,377 362,759
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4