Acorah Software Products - Accounts Production 15.0.500 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 08762239 Ms Jeanette Aurdal Jeanette Aurdal true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08762239 2022-10-31 08762239 2023-10-31 08762239 2022-11-01 2023-10-31 08762239 frs-core:CurrentFinancialInstruments 2023-10-31 08762239 frs-core:Non-currentFinancialInstruments 2023-10-31 08762239 frs-core:BetweenOneFiveYears 2023-10-31 08762239 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-31 08762239 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-11-01 2023-10-31 08762239 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-10-31 08762239 frs-core:FurnitureFittings 2023-10-31 08762239 frs-core:FurnitureFittings 2022-11-01 2023-10-31 08762239 frs-core:FurnitureFittings 2022-10-31 08762239 frs-core:NetGoodwill 2023-10-31 08762239 frs-core:NetGoodwill 2022-11-01 2023-10-31 08762239 frs-core:NetGoodwill 2022-10-31 08762239 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 08762239 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 08762239 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-10-31 08762239 frs-core:MoreThanFiveYears 2023-10-31 08762239 frs-core:MotorVehicles 2023-10-31 08762239 frs-core:MotorVehicles 2022-11-01 2023-10-31 08762239 frs-core:MotorVehicles 2022-10-31 08762239 frs-core:OtherResidualIntangibleAssets 2023-10-31 08762239 frs-core:OtherResidualIntangibleAssets 2022-11-01 2023-10-31 08762239 frs-core:OtherResidualIntangibleAssets 2022-10-31 08762239 frs-core:PlantMachinery 2023-10-31 08762239 frs-core:PlantMachinery 2022-11-01 2023-10-31 08762239 frs-core:PlantMachinery 2022-10-31 08762239 frs-core:WithinOneYear 2023-10-31 08762239 frs-core:ShareCapital 2023-10-31 08762239 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 08762239 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08762239 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 08762239 frs-bus:SmallEntities 2022-11-01 2023-10-31 08762239 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 08762239 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08762239 1 2022-11-01 2023-10-31 08762239 frs-bus:Director1 2022-11-01 2023-10-31 08762239 frs-bus:Director1 2022-10-31 08762239 frs-bus:Director1 2023-10-31 08762239 frs-countries:EnglandWales 2022-11-01 2023-10-31 08762239 2021-10-31 08762239 2022-10-31 08762239 2021-11-01 2022-10-31 08762239 frs-core:CurrentFinancialInstruments 2022-10-31 08762239 frs-core:Non-currentFinancialInstruments 2022-10-31 08762239 frs-core:BetweenOneFiveYears 2022-10-31 08762239 frs-core:MoreThanFiveYears 2022-10-31 08762239 frs-core:WithinOneYear 2022-10-31 08762239 frs-core:ShareCapital 2022-10-31 08762239 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 08762239
THE OAK AND ROPE COMPANY LIMITED
Unaudited Financial Statements
For The Year Ended 31 October 2023
Kent Coast Accounts Ltd
AAT Licenced Accountants
39 Brooke Avenue
Margate
Kent
CT9 5NG
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08762239
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 10,497 12,583
Tangible Assets 5 158,894 141,541
169,391 154,124
CURRENT ASSETS
Stocks 6 125,000 76,500
Debtors 7 20,258 37,398
Cash at bank and in hand 13,383 9,318
158,641 123,216
Creditors: Amounts Falling Due Within One Year 8 (268,550 ) (120,193 )
NET CURRENT ASSETS (LIABILITIES) (109,909 ) 3,023
TOTAL ASSETS LESS CURRENT LIABILITIES 59,482 157,147
Creditors: Amounts Falling Due After More Than One Year 9 (20,292 ) (28,514 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 - (12,769 )
NET ASSETS 39,190 115,864
CAPITAL AND RESERVES
Called up share capital 11 60 60
Profit and Loss Account 39,130 115,804
SHAREHOLDERS' FUNDS 39,190 115,864
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 her 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
Ms Jeanette Aurdal
Director
19th 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
THE OAK AND ROPE COMPANY LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 08762239 . The registered office is Ileden Farm Barns, Ileden Lane, Kingston, Canterbury, Kent, CT4 6HP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover includes revenue earned from the sale of goods.
Sale of goods
Turnover from the sale of goods is recognised when the order is placed by the customer. 
2.4. 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 five years.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are web development expenditure. It is amortised to profit and loss account over its estimated economic life of 7 years.
2.6. 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:
A full years depreciation is charged in the year of acquisition and none in the year of disposal.
Short-term leasehold property 15 years
Plant & Machinery 25% reducing balance
Motor Vehicles 20% reducing balance
Office Equipment 25% reducing balance
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value.
Page 3
Page 4
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 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. 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.
2.9. 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: 11 (2022: 14)
11 14
4. Intangible Assets
Goodwill Other Development Costs Total
£ £ £ £
Cost
As at 1 November 2022 40,000 - 35,680 75,680
Additions - - 900 900
As at 31 October 2023 40,000 - 36,580 76,580
Amortisation
As at 1 November 2022 40,000 3,399 19,698 63,097
Provided during the period - 2,986 - 2,986
As at 31 October 2023 40,000 6,385 19,698 66,083
Net Book Value
As at 31 October 2023 - (6,385 ) 16,882 10,497
As at 1 November 2022 - (3,399 ) 15,982 12,583
5. Tangible Assets
Land & Property
Short-term leasehold property Plant & Machinery Motor Vehicles Office Equipment Total
£ £ £ £ £
Cost
As at 1 November 2022 96,207 116,875 126,174 38,326 377,582
Additions 4,522 48,492 223 979 54,216
As at 31 October 2023 100,729 165,367 126,397 39,305 431,798
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 November 2022 32,585 89,667 83,512 30,277 236,041
Provided during the period 7,658 18,555 8,540 2,110 36,863
As at 31 October 2023 40,243 108,222 92,052 32,387 272,904
Net Book Value
As at 31 October 2023 60,486 57,145 34,345 6,918 158,894
As at 1 November 2022 63,622 27,208 42,662 8,049 141,541
6. Stocks
2023 2022
£ £
Work in progress 125,000 76,500
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 8,599 8,331
Prepayments and accrued income 1,122 2,800
Other debtors 10,537 10,049
Director's loan account - 16,218
20,258 37,398
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 50,796 61,360
Bank loans and overdrafts 10,375 9,829
Corporation tax - 11,015
VAT 22,042 32,984
Other creditors 5,304 3,558
Accruals and deferred income 3,559 1,447
Director's loan account 176,474 -
268,550 120,193
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 20,292 28,514
20,292 28,514
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences - 12,769
Page 5
Page 6
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 60 60
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 25,000 25,358
Later than one year and not later than five years 100,000 100,000
Later than five years 131,250 156,250
256,250 281,608
13. Pension Commitments
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of 2023 - £5,304 (2022 - £2,142were due to the fund. They are included in Other Creditors.
14. 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
£ £ £ £ £
Ms Jeanette Aurdal 16,218 10,525 26,743 - -
The above loan is unsecured, interest is charged at an annual average rate of 3% and the loan is repayable on demand.  During the period total interest of 2023 - £nil (2022 - £nil) was charged. This loan has been fully repaid in the year. 
15. Ultimate Controlling Party
The company's ultimate controlling party is Jeanette Aurdal by virtue of her ownership of 100% of the issued share capital in the company.
Page 6