Acorah Software Products - Accounts Production 15.0.500 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 04945986 Mr Simon Barker Mrs Jayne Blenkin Mr Iain Davey Mr Alexander Robinson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04945986 2022-10-31 04945986 2023-10-31 04945986 2022-11-01 2023-10-31 04945986 frs-core:CurrentFinancialInstruments 2023-10-31 04945986 frs-core:Non-currentFinancialInstruments 2023-10-31 04945986 frs-core:BetweenOneFiveYears 2023-10-31 04945986 frs-core:ComputerEquipment 2023-10-31 04945986 frs-core:ComputerEquipment 2022-11-01 2023-10-31 04945986 frs-core:ComputerEquipment 2022-10-31 04945986 frs-core:FurnitureFittings 2023-10-31 04945986 frs-core:FurnitureFittings 2022-11-01 2023-10-31 04945986 frs-core:FurnitureFittings 2022-10-31 04945986 frs-core:NetGoodwill 2023-10-31 04945986 frs-core:NetGoodwill 2022-11-01 2023-10-31 04945986 frs-core:NetGoodwill 2022-10-31 04945986 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 04945986 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 04945986 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-10-31 04945986 frs-core:MotorVehicles 2023-10-31 04945986 frs-core:MotorVehicles 2022-11-01 2023-10-31 04945986 frs-core:MotorVehicles 2022-10-31 04945986 frs-core:PlantMachinery 2023-10-31 04945986 frs-core:PlantMachinery 2022-11-01 2023-10-31 04945986 frs-core:PlantMachinery 2022-10-31 04945986 frs-core:WithinOneYear 2023-10-31 04945986 frs-core:ShareCapital 2023-10-31 04945986 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 04945986 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 04945986 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 04945986 frs-bus:SmallEntities 2022-11-01 2023-10-31 04945986 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 04945986 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 04945986 frs-bus:Director1 2022-11-01 2023-10-31 04945986 frs-bus:Director2 2022-11-01 2023-10-31 04945986 frs-bus:Director3 2022-11-01 2023-10-31 04945986 frs-bus:Director4 2022-11-01 2023-10-31 04945986 frs-countries:EnglandWales 2022-11-01 2023-10-31 04945986 2021-10-31 04945986 2022-10-31 04945986 2021-11-01 2022-10-31 04945986 frs-core:CurrentFinancialInstruments 2022-10-31 04945986 frs-core:Non-currentFinancialInstruments 2022-10-31 04945986 frs-core:BetweenOneFiveYears 2022-10-31 04945986 frs-core:WithinOneYear 2022-10-31 04945986 frs-core:ShareCapital 2022-10-31 04945986 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 04945986
Blended Products Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04945986
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,400 9,800
Tangible Assets 5 2,213,785 2,062,675
2,215,185 2,072,475
CURRENT ASSETS
Stocks 6 337,293 342,298
Debtors 7 1,363,197 1,609,242
Cash at bank and in hand 767,968 368,851
2,468,458 2,320,391
Creditors: Amounts Falling Due Within One Year 8 (2,301,736 ) (1,769,855 )
NET CURRENT ASSETS (LIABILITIES) 166,722 550,536
TOTAL ASSETS LESS CURRENT LIABILITIES 2,381,907 2,623,011
Creditors: Amounts Falling Due After More Than One Year 9 (935,896 ) (1,309,546 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (420,244 ) (391,281 )
NET ASSETS 1,025,767 922,184
CAPITAL AND RESERVES
Called up share capital 11 150,002 150,002
Profit and Loss Account 875,765 772,182
SHAREHOLDERS' FUNDS 1,025,767 922,184
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 Alexander Robinson
Director
30th 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
Blended Products Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04945986 . The registered office is Plot 11b, The Flarepath, Elsham Wolds Industrial Estate, Brigg, DN20 0SP.
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:
Leasehold in accordance with the property
Plant & Machinery 20%, 10% and 5% on reducing balance
Motor Vehicles 25%, 20% and 10% on reducing balance
Fixtures & Fittings 20% on reducing balance
Computer Equipment 33% on cost
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. 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.
2.7. 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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2.8. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 30 (2022: 23)
30 23
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 48,000
As at 31 October 2023 48,000
Amortisation
As at 1 November 2022 38,200
Provided during the period 8,400
As at 31 October 2023 46,600
Net Book Value
As at 31 October 2023 1,400
As at 1 November 2022 9,800
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 November 2022 45,646 2,303,687 512,136 32,193
Additions 4,814 167,623 93,350 5,104
Disposals - (5,000 ) - -
As at 31 October 2023 50,460 2,466,310 605,486 37,297
...CONTINUED
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Page 5
Depreciation
As at 1 November 2022 6,086 634,827 196,586 11,724
Provided during the period 594 99,412 57,527 4,632
Disposals - (4,325 ) - -
As at 31 October 2023 6,680 729,914 254,113 16,356
Net Book Value
As at 31 October 2023 43,780 1,736,396 351,373 20,941
As at 1 November 2022 39,560 1,668,860 315,550 20,469
Computer Equipment Total
£ £
Cost
As at 1 November 2022 83,940 2,977,602
Additions 57,986 328,877
Disposals - (5,000 )
As at 31 October 2023 141,926 3,301,479
Depreciation
As at 1 November 2022 65,704 914,927
Provided during the period 14,927 177,092
Disposals - (4,325 )
As at 31 October 2023 80,631 1,087,694
Net Book Value
As at 31 October 2023 61,295 2,213,785
As at 1 November 2022 18,236 2,062,675
6. Stocks
2023 2022
£ £
Stock 337,293 342,298
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 1,180,494 1,400,916
Prepayments and accrued income 92,447 73,148
Other debtors 90,256 111,562
Corporation tax recoverable assets - 23,616
1,363,197 1,609,242
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8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 113,519 87,615
Trade creditors 1,449,193 1,243,222
Bank loans and overdrafts 50,035 50,035
Corporation tax - 30
VAT 304,891 311,930
Other creditors 25,188 26,317
Accruals and deferred income 2,000 2,000
Directors' loan accounts 356,910 48,706
2,301,736 1,769,855
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 242,074 266,229
Bank loans 83,336 133,317
Other creditors 210,000 210,000
Directors loan account 400,486 700,000
935,896 1,309,546
10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 113,519 87,615
Later than one year and not later than five years 242,074 266,229
355,593 353,844
355,593 353,844
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 150,002 150,002
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