Acorah Software Products - Accounts Production 14.6.300 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 07819718 Mr James Blake Mr Martin Wood Mr Martin Wood iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07819718 2022-10-31 07819718 2023-10-31 07819718 2022-11-01 2023-10-31 07819718 frs-core:Non-currentFinancialInstruments 2023-10-31 07819718 frs-core:BetweenOneFiveYears 2023-10-31 07819718 frs-core:ComputerEquipment 2022-11-01 2023-10-31 07819718 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-11-01 2023-10-31 07819718 frs-core:FurnitureFittings 2022-11-01 2023-10-31 07819718 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 07819718 frs-core:PlantMachinery 2022-11-01 2023-10-31 07819718 frs-core:WithinOneYear 2023-10-31 07819718 frs-core:SharePremium 2023-10-31 07819718 frs-core:ShareCapital 2023-10-31 07819718 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 07819718 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 07819718 frs-bus:AbridgedAccounts 2022-11-01 2023-10-31 07819718 frs-bus:SmallEntities 2022-11-01 2023-10-31 07819718 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 07819718 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 07819718 frs-bus:Director1 2022-11-01 2023-10-31 07819718 frs-bus:Director1 2022-10-31 07819718 frs-bus:Director1 2023-10-31 07819718 frs-bus:Director2 2022-11-01 2023-10-31 07819718 frs-bus:Director2 2022-10-31 07819718 frs-bus:Director2 2023-10-31 07819718 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 07819718 frs-core:Non-currentFinancialInstruments 1 2023-10-31 07819718 frs-countries:EnglandWales 2022-11-01 2023-10-31 07819718 2021-10-31 07819718 2022-10-31 07819718 2021-11-01 2022-10-31 07819718 frs-core:Non-currentFinancialInstruments 2022-10-31 07819718 frs-core:BetweenOneFiveYears 2022-10-31 07819718 frs-core:WithinOneYear 2022-10-31 07819718 frs-core:SharePremium 2022-10-31 07819718 frs-core:ShareCapital 2022-10-31 07819718 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 07819718 frs-core:Non-currentFinancialInstruments 1 2022-10-31
Registered number: 07819718
Fitted Mirrors and Glass Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 October 2023
FOAM Services
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—6
Page 1
Abridged Balance Sheet
Registered number: 07819718
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 49,487 53,419
Tangible Assets 4 132,181 179,533
181,668 232,952
CURRENT ASSETS
Stocks 1,471 3,131
Debtors 5 437,934 322,989
Cash at bank and in hand 10,817 11,304
450,222 337,424
Creditors: Amounts Falling Due Within One Year (467,392 ) (363,104 )
NET CURRENT ASSETS (LIABILITIES) (17,170 ) (25,680 )
TOTAL ASSETS LESS CURRENT LIABILITIES 164,498 207,272
Creditors: Amounts Falling Due After More Than One Year (23,972 ) (49,729 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (26,279 ) (33,172 )
NET ASSETS 114,247 124,371
CAPITAL AND RESERVES
Called up share capital 7 100 100
Share premium account 3,990 3,990
Profit and Loss Account 110,157 120,281
SHAREHOLDERS' FUNDS 114,247 124,371
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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 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.
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 James Blake
Director
31/07/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised to profit and loss account over its estimated economic life of 5 years.
1.4. 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 5 years
Plant & Machinery 5 years
Fixtures & Fittings 5 years
Computer Equipment 5 years
1.5. 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.
1.6. 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.
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1.7. 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. 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.
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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2023 2022
Office and administration 6 6
Sales, marketing and distribution 1 1
Manufacturing 15 16
22 23
3. Intangible Assets
Total
£
Cost
As at 1 November 2022 75,396
Additions 1,000
As at 31 October 2023 76,396
Amortisation
As at 1 November 2022 21,977
Provided during the period 4,932
As at 31 October 2023 26,909
Net Book Value
As at 31 October 2023 49,487
As at 1 November 2022 53,419
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4. Tangible Assets
Total
£
Cost
As at 1 November 2022 548,347
Additions 29,816
Disposals (4,500 )
As at 31 October 2023 573,663
Depreciation
As at 1 November 2022 368,814
Provided during the period 72,668
As at 31 October 2023 441,482
Net Book Value
As at 31 October 2023 132,181
As at 1 November 2022 179,533
5. Debtors
2023 2022
£ £
Due after more than one year
Rent Deposit (Debtors > 1 year) 22,019 9,519
22,019 9,519
6. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The maturity of these amounts is as follows:
Within one year 17,097 37,568
Between one and five years 7,525 24,622
24,622 62,190
Less: Finance charges allocated to future periods 1,560 4,801
23,062 57,389
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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8. 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 James Blake 25,255 51,484 40,300 - 36,439
Mr Martin Wood 4,020 - 3,013 - 1,007
The above amounts are unsecured, interest free and repayable on demand.
9. Related Party Transactions
Mirrorfit LimitedMirrorfit Ltd is an Associated Company under the common control of the DirectorsRecharged costs were £799,000 [2022: £956,000] and the amount owed at the Balance Sheet date was £(22,279) [2022: £30,351]

Mirrorfit Limited

Mirrorfit Ltd is an Associated Company under the common control of the Directors

Recharged costs were £799,000 [2022: £956,000] and the amount owed at the Balance Sheet date was £(22,279) [2022: £30,351]

JUNO Mirrors and Glass LimitedJUNO Mirrors and Glass Ltd is an Associated Company under the common control of the DirectorsRecharged costs were £338,050 [2022: £98,000] and the amount receivable at the Balance Sheet date was £206,963 [2022: £101,076]

JUNO Mirrors and Glass Limited

JUNO Mirrors and Glass Ltd is an Associated Company under the common control of the Directors

Recharged costs were £338,050 [2022: £98,000] and the amount receivable at the Balance Sheet date was £206,963 [2022: £101,076]

Martin WoodDirectorMartin Wood was paid fees of £26,400 [2022: £24,000] for accountancy services.

Martin Wood

Director

Martin Wood was paid fees of £26,400 [2022: £24,000] for accountancy services.

10. General Information
Fitted Mirrors and Glass Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07819718 . The registered office is 17 Halford Road, London, SW6 1JS.
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