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 13030579 Edition Capital Directors Ltd Mr Simon Dennison Mr Francois Kitching Mr Marc Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13030579 2022-10-31 13030579 2023-10-31 13030579 2022-11-01 2023-10-31 13030579 frs-core:CurrentFinancialInstruments 2023-10-31 13030579 frs-core:Non-currentFinancialInstruments 2023-10-31 13030579 frs-core:ComputerEquipment 2023-10-31 13030579 frs-core:ComputerEquipment 2022-11-01 2023-10-31 13030579 frs-core:ComputerEquipment 2022-10-31 13030579 frs-core:FurnitureFittings 2023-10-31 13030579 frs-core:FurnitureFittings 2022-11-01 2023-10-31 13030579 frs-core:FurnitureFittings 2022-10-31 13030579 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 13030579 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 13030579 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-10-31 13030579 frs-core:ShareCapital 2023-10-31 13030579 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 13030579 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 13030579 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 13030579 frs-bus:SmallEntities 2022-11-01 2023-10-31 13030579 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 13030579 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 13030579 frs-bus:Director1 2022-11-01 2023-10-31 13030579 frs-bus:Director2 2022-11-01 2023-10-31 13030579 frs-bus:Director3 2022-11-01 2023-10-31 13030579 frs-bus:Director4 2022-11-01 2023-10-31 13030579 frs-countries:EnglandWales 2022-11-01 2023-10-31 13030579 2021-10-31 13030579 2022-10-31 13030579 2021-11-01 2022-10-31 13030579 frs-core:CurrentFinancialInstruments 2022-10-31 13030579 frs-core:Non-currentFinancialInstruments 2022-10-31 13030579 frs-core:ShareCapital 2022-10-31 13030579 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 13030579
FQEP Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Edition Capital Advisory Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13030579
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 221,788 253,644
221,788 253,644
CURRENT ASSETS
Stocks 5 11,461 14,251
Debtors 6 37,791 27,505
Cash at bank and in hand 56,139 58,284
105,391 100,040
Creditors: Amounts Falling Due Within One Year 7 (53,866 ) (76,334 )
NET CURRENT ASSETS (LIABILITIES) 51,525 23,706
TOTAL ASSETS LESS CURRENT LIABILITIES 273,313 277,350
Creditors: Amounts Falling Due After More Than One Year 8 (254,532 ) (229,125 )
NET ASSETS 18,781 48,225
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 18,780 48,224
SHAREHOLDERS' FUNDS 18,781 48,225
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 Francois Kitching
Director
31/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
FQEP Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13030579 . The registered office is Four Quarters Unit 8, East Bay Lane, London, E15 2GW.
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:
Leasehold Over the lifetime of the lease
Fixtures & Fittings 3 to 5 years on cost
Computer Equipment 25% reducing balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2022: 10)
7 10
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2022 305,466 9,211 1,535 316,212
Additions 385 700 - 1,085
As at 31 October 2023 305,851 9,911 1,535 317,297
...CONTINUED
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Depreciation
As at 1 November 2022 58,375 3,750 443 62,568
Provided during the period 30,546 2,011 384 32,941
As at 31 October 2023 88,921 5,761 827 95,509
Net Book Value
As at 31 October 2023 216,930 4,150 708 221,788
As at 1 November 2022 247,091 5,461 1,092 253,644
5. Stocks
2023 2022
£ £
Stock 11,461 14,251
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 2,133 942
Amounts owed by group undertakings 1,066 -
Other debtors 10,082 2,053
13,281 2,995
Due after more than one year
Other debtors 24,510 24,510
37,791 27,505
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 22,042 16,927
Other creditors 14,409 34,612
Taxation and social security 17,415 24,795
53,866 76,334
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Amounts owed to participating interests 254,532 229,125
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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