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 11029640 Mr Thomas Ollerton Ms Rhoda Sell Mr Alexander Hobhouse iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11029640 2022-10-31 11029640 2023-10-31 11029640 2022-11-01 2023-10-31 11029640 frs-core:CurrentFinancialInstruments 2023-10-31 11029640 frs-core:Non-currentFinancialInstruments 2023-10-31 11029640 frs-core:PlantMachinery 2023-10-31 11029640 frs-core:PlantMachinery 2022-11-01 2023-10-31 11029640 frs-core:PlantMachinery 2022-10-31 11029640 frs-core:SharePremium 2023-10-31 11029640 frs-core:ShareCapital 2023-10-31 11029640 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 11029640 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11029640 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 11029640 frs-bus:SmallEntities 2022-11-01 2023-10-31 11029640 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11029640 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 11029640 frs-bus:Director1 2022-11-01 2023-10-31 11029640 frs-bus:Director2 2022-11-01 2023-10-31 11029640 frs-bus:Director3 2022-11-01 2023-10-31 11029640 1 2022-11-01 2023-10-31 11029640 frs-countries:EnglandWales 2022-11-01 2023-10-31 11029640 2021-10-31 11029640 2022-10-31 11029640 2021-11-01 2022-10-31 11029640 frs-core:CurrentFinancialInstruments 2022-10-31 11029640 frs-core:Non-currentFinancialInstruments 2022-10-31 11029640 frs-core:SharePremium 2022-10-31 11029640 frs-core:ShareCapital 2022-10-31 11029640 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 11029640 1 2021-11-01 2022-10-31
Registered number: 11029640
Automated Creative Ltd
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: 11029640
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,684 10,584
11,684 10,584
CURRENT ASSETS
Debtors 5 1,284,882 547,775
Cash at bank and in hand 729,847 945,207
2,014,729 1,492,982
Creditors: Amounts Falling Due Within One Year 6 (669,044 ) (444,766 )
NET CURRENT ASSETS (LIABILITIES) 1,345,685 1,048,216
TOTAL ASSETS LESS CURRENT LIABILITIES 1,357,369 1,058,800
Creditors: Amounts Falling Due After More Than One Year 7 (18,333 ) (28,333 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,000 ) (2,000 )
NET ASSETS 1,337,036 1,028,467
CAPITAL AND RESERVES
Called up share capital 2 2
Share premium account 2,584 2,584
Profit and Loss Account 1,334,450 1,025,881
SHAREHOLDERS' FUNDS 1,337,036 1,028,467
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 Thomas Ollerton
Director
29 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
Automated Creative Ltd is a private company, limited by shares, incorporated in England & Wales, the registered number is 11029640 . The registered office is 20-22 Wenlock Road, London, England, N1 7GU.
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 value added taxes. Turnover is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can be estimated reliably.
2.3. 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 and machinery 33.33% Straight Line
2.4. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
2.5. Foreign Currencies
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 taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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 
...CONTINUED
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2.6. Taxation - continued
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.
Deferred tax is only adjusted if the change in the timing difference is material.
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.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
2023 2022
Average number of employees, including directors, during the year 4 8
4 8
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4. Tangible Assets
Plant and machinery
£
Cost
As at 1 November 2022 21,582
Additions 7,369
As at 31 October 2023 28,951
Depreciation
As at 1 November 2022 10,998
Provided during the period 6,269
As at 31 October 2023 17,267
Net Book Value
As at 31 October 2023 11,684
As at 1 November 2022 10,584
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 748,478 294,895
Other debtors 536,404 252,880
1,284,882 547,775
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 6,152 18,258
Bank loans and overdrafts 10,000 10,000
Other creditors 604,320 299,772
Taxation and social security 48,572 116,736
669,044 444,766
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 18,333 28,333
18,333 28,333
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8. Directors Advances, Credits and Guarantees
Included within Debtors are loans made to a director. The balance at the year end was £1,964 (2022 : £6,138 Cr)
The above loan is unsecured, interest free and repayable on demand.
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