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 01753762 Mr A Baggett Ms H A Grayson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01753762 2022-10-31 01753762 2023-10-31 01753762 2022-11-01 2023-10-31 01753762 frs-core:CurrentFinancialInstruments 2023-10-31 01753762 frs-core:Non-currentFinancialInstruments 2023-10-31 01753762 frs-core:ComputerEquipment 2023-10-31 01753762 frs-core:ComputerEquipment 2022-11-01 2023-10-31 01753762 frs-core:ComputerEquipment 2022-10-31 01753762 frs-core:FurnitureFittings 2023-10-31 01753762 frs-core:FurnitureFittings 2022-11-01 2023-10-31 01753762 frs-core:FurnitureFittings 2022-10-31 01753762 frs-core:NetGoodwill 2023-10-31 01753762 frs-core:NetGoodwill 2022-11-01 2023-10-31 01753762 frs-core:NetGoodwill 2022-10-31 01753762 frs-core:MotorVehicles 2023-10-31 01753762 frs-core:MotorVehicles 2022-11-01 2023-10-31 01753762 frs-core:MotorVehicles 2022-10-31 01753762 frs-core:CapitalRedemptionReserve 2023-10-31 01753762 frs-core:OtherReservesSubtotal 2023-10-31 01753762 frs-core:SharePremium 2023-10-31 01753762 frs-core:ShareCapital 2023-10-31 01753762 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 01753762 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 01753762 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 01753762 frs-bus:SmallEntities 2022-11-01 2023-10-31 01753762 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 01753762 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 01753762 frs-core:CostValuation 2022-10-31 01753762 frs-core:AdditionsToInvestments 2023-10-31 01753762 frs-core:DisposalsRepaymentsInvestments 2023-10-31 01753762 frs-core:FurtherSpecificIncreaseDecreaseInInvestments1ComponentTotalChangeInInvestments 2023-10-31 01753762 frs-core:CostValuation 2023-10-31 01753762 frs-core:ProvisionsForImpairmentInvestments 2022-10-31 01753762 frs-core:ProvisionsForImpairmentInvestments 2023-10-31 01753762 frs-core:ListedExchangeTraded 2023-10-31 01753762 frs-core:ListedExchangeTraded 2022-10-31 01753762 frs-core:CostValuation frs-core:ListedExchangeTraded 2022-10-31 01753762 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2023-10-31 01753762 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2023-10-31 01753762 frs-core:FurtherSpecificIncreaseDecreaseInInvestments1ComponentTotalChangeInInvestments frs-core:ListedExchangeTraded 2023-10-31 01753762 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-10-31 01753762 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2022-10-31 01753762 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-10-31 01753762 frs-bus:Director1 2022-11-01 2023-10-31 01753762 frs-bus:Director1 2022-10-31 01753762 frs-bus:Director1 2023-10-31 01753762 frs-bus:Director2 2022-11-01 2023-10-31 01753762 frs-bus:Director4 2022-11-01 2023-10-31 01753762 frs-bus:Director4 2022-10-31 01753762 frs-bus:Director4 2023-10-31 01753762 frs-countries:EnglandWales 2022-11-01 2023-10-31 01753762 2021-10-31 01753762 2022-10-31 01753762 2021-11-01 2022-10-31 01753762 frs-core:CurrentFinancialInstruments 2022-10-31 01753762 frs-core:Non-currentFinancialInstruments 2022-10-31 01753762 frs-core:WithinOneYear 2022-10-31 01753762 frs-core:CapitalRedemptionReserve 2022-10-31 01753762 frs-core:OtherReservesSubtotal 2022-10-31 01753762 frs-core:SharePremium 2022-10-31 01753762 frs-core:ShareCapital 2022-10-31 01753762 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 01753762
Sava Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01753762
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 79,995 119,992
Tangible Assets 5 255,978 378,247
Investments 6 100 1,319,991
336,073 1,818,230
CURRENT ASSETS
Debtors 7 1,375,427 1,448,361
Cash at bank and in hand 3,278,645 1,079,282
4,654,072 2,527,643
Creditors: Amounts Falling Due Within One Year 8 (3,306,876 ) (2,658,626 )
NET CURRENT ASSETS (LIABILITIES) 1,347,196 (130,983 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,683,269 1,687,247
Creditors: Amounts Falling Due After More Than One Year 9 - (12,570 )
NET ASSETS 1,683,269 1,674,677
CAPITAL AND RESERVES
Called up share capital 11 180,435 180,435
Share premium account 200,790 200,790
Capital redemption reserve 19,040 19,040
Other reserves - 22,699
Profit and Loss Account 1,283,004 1,251,713
SHAREHOLDERS' FUNDS 1,683,269 1,674,677
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 A Baggett
Director
24 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
Sava Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01753762 . The registered office is 4 Mill Square Featherstone Road, Wolverton Mill, Milton Keynes, MK12 5ZD.
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 5 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:
Motor Vehicles 25% straight line
Fixtures & Fittings 20% straight line
Computer Equipment 50% straight line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2022: 21)
22 21
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 159,990
As at 31 October 2023 159,990
Amortisation
As at 1 November 2022 39,998
Provided during the period 39,997
As at 31 October 2023 79,995
Net Book Value
As at 31 October 2023 79,995
As at 1 November 2022 119,992
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2022 434,222 200,297 68,115 702,634
Additions 7,995 16,405 12,457 36,857
Disposals - (938 ) (14,495 ) (15,433 )
As at 31 October 2023 442,217 215,764 66,077 724,058
Depreciation
As at 1 November 2022 151,804 120,697 51,886 324,387
Provided during the period 110,555 33,152 15,419 159,126
Disposals - (938 ) (14,495 ) (15,433 )
As at 31 October 2023 262,359 152,911 52,810 468,080
Net Book Value
As at 31 October 2023 179,858 62,853 13,267 255,978
As at 1 November 2022 282,418 79,600 16,229 378,247
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6. Investments
Subsidiaries Listed Total
£ £ £
Cost
As at 1 November 2022 100 1,319,891 1,319,991
Additions - 2,689,432 2,689,432
Disposals - (3,980,102 ) (3,980,102 )
Fair value adjustments - (29,221 ) (29,221 )
As at 31 October 2023 100 - 100
Provision
As at 1 November 2022 - - -
As at 31 October 2023 - - -
Net Book Value
As at 31 October 2023 100 - 100
As at 1 November 2022 100 1,319,891 1,319,991
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 383,597 662,353
Amounts owed by group undertakings 38,434 -
Other debtors 430,974 263,586
853,005 925,939
Due after more than one year
Amounts owed by group undertakings 522,422 522,422
1,375,427 1,448,361
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 190
Trade creditors 204,613 219,305
Bank loans and overdrafts 27,158 -
Amounts owed to group undertakings 1,100,550 74
Other creditors 1,888,906 2,254,612
Taxation and social security 85,649 184,445
3,306,876 2,658,626
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Amounts owed to group undertakings - 12,570
Page 5
Page 6
10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 190
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 180,435 180,435
12. 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
£ £ £ £ £
Mr Austin Baggett 10,663 25 - - 10,688
Mr Andrew Flook 67,368 137,768 24,390 - 180,746
The above loan is unsecured, interest free and repayable on demand.
Page 6