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Registered number: 13680573
Paul Bell (Oxford) Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 October 2023
SeavorChartered
Chartered Accountants & Tax Advisers
Clifford Court
Cooper Way
Carlisle
Cumbria
CA3 0JG
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 13680573
31 October 2023 31 October 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 466,941 467,688
466,941 467,688
CURRENT ASSETS
Debtors 1,229 -
Cash at bank and in hand 656 4,434
1,885 4,434
Creditors: Amounts Falling Due Within One Year (250,620 ) (194,840 )
NET CURRENT ASSETS (LIABILITIES) (248,735 ) (190,406 )
TOTAL ASSETS LESS CURRENT LIABILITIES 218,206 277,282
Creditors: Amounts Falling Due After More Than One Year (305,583 ) (325,377 )
NET LIABILITIES (87,377 ) (48,095 )
CAPITAL AND RESERVES
Called up share capital 6 110 110
Profit and Loss Account (87,487 ) (48,205 )
SHAREHOLDERS' FUNDS (87,377) (48,095)
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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 his 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 October 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Paul Bell
Director
25 July 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Paul Bell (Oxford) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13680573 . The registered office is Unit 7 Clifford Court, Cooper Way, Carlisle, Cumbria, CA3 0JG.
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. 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:
Freehold No charge
Fixtures & Fittings 20% reducing balance
2.4. Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.  An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
2.5. Taxation
The tax charge represents the sum of the tax currently payable and deferred tax.
Corporation tax currently payable is based on taxable profit for the year. 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was as follows: 1 (2022: 1)
1 1
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4. Tangible Assets
Total
£
Cost
As at 1 November 2022 467,751
As at 31 October 2023 467,751
Depreciation
As at 1 November 2022 63
Provided during the period 747
As at 31 October 2023 810
Net Book Value
As at 31 October 2023 466,941
As at 1 November 2022 467,688
5. Secured Creditors
Of the creditors the following amounts are secured.
31 October 2023 31 October 2022
£ £
Bank loans and overdrafts 305,583 325,377
6. Share Capital
31 October 2023 31 October 2022
£ £
Allotted, Called up and fully paid 110 110
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