Acorah Software Products - Accounts Production 15.0.400 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 11450099 Mr H S Gill Mrs H V Gill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11450099 2022-10-31 11450099 2023-10-31 11450099 2022-11-01 2023-10-31 11450099 frs-core:CurrentFinancialInstruments 2023-10-31 11450099 frs-core:Non-currentFinancialInstruments 2023-10-31 11450099 frs-core:ComputerEquipment 2023-10-31 11450099 frs-core:ComputerEquipment 2022-11-01 2023-10-31 11450099 frs-core:ComputerEquipment 2022-10-31 11450099 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-11-01 2023-10-31 11450099 frs-core:FurnitureFittings 2023-10-31 11450099 frs-core:FurnitureFittings 2022-11-01 2023-10-31 11450099 frs-core:FurnitureFittings 2022-10-31 11450099 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 11450099 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 11450099 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-10-31 11450099 frs-core:OtherResidualIntangibleAssets 2023-10-31 11450099 frs-core:OtherResidualIntangibleAssets 2022-11-01 2023-10-31 11450099 frs-core:OtherResidualIntangibleAssets 2022-10-31 11450099 frs-core:PlantMachinery 2023-10-31 11450099 frs-core:PlantMachinery 2022-11-01 2023-10-31 11450099 frs-core:PlantMachinery 2022-10-31 11450099 frs-core:WithinOneYear 2023-10-31 11450099 frs-core:ShareCapital 2023-10-31 11450099 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 11450099 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11450099 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 11450099 frs-bus:SmallEntities 2022-11-01 2023-10-31 11450099 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11450099 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 11450099 frs-bus:OrdinaryShareClass2 2022-11-01 2023-10-31 11450099 frs-bus:OrdinaryShareClass2 2023-10-31 11450099 frs-bus:OrdinaryShareClass3 2022-11-01 2023-10-31 11450099 frs-bus:OrdinaryShareClass3 2023-10-31 11450099 frs-bus:Director1 2022-11-01 2023-10-31 11450099 frs-bus:Director2 2022-11-01 2023-10-31 11450099 frs-countries:EnglandWales 2022-11-01 2023-10-31 11450099 2021-10-31 11450099 2022-10-31 11450099 2021-11-01 2022-10-31 11450099 frs-core:CurrentFinancialInstruments 2022-10-31 11450099 frs-core:Non-currentFinancialInstruments 2022-10-31 11450099 frs-core:BetweenOneFiveYears 2022-10-31 11450099 frs-core:WithinOneYear 2022-10-31 11450099 frs-core:ShareCapital 2022-10-31 11450099 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 11450099 frs-bus:OrdinaryShareClass2 2021-11-01 2022-10-31 11450099 frs-bus:OrdinaryShareClass3 2021-11-01 2022-10-31
Registered number: 11450099
Averya 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: 11450099
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,875 14,375
Tangible Assets 5 352,656 423,248
364,531 437,623
CURRENT ASSETS
Debtors 6 92,643 231,798
Cash at bank and in hand 31,688 16,478
124,331 248,276
Creditors: Amounts Falling Due Within One Year 7 (1,045,038 ) (770,268 )
NET CURRENT ASSETS (LIABILITIES) (920,707 ) (521,992 )
TOTAL ASSETS LESS CURRENT LIABILITIES (556,176 ) (84,369 )
Creditors: Amounts Falling Due After More Than One Year 8 (275,443 ) (438,238 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (67,005 ) (52,791 )
NET LIABILITIES (898,624 ) (575,398 )
CAPITAL AND RESERVES
Called up share capital 10 200 200
Profit and Loss Account (898,824 ) (575,598 )
SHAREHOLDERS' FUNDS (898,624) (575,398)
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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.
The financial statements were approved by the board of directors on 26 July 2024 and were signed on its behalf by:
Mr H S Gill
Director
26 July 2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Averya Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11450099 . The registered office is The Mill, Pury Hill Business Park Alderton Road, Paulerspury, Towcester, Northamptonshire, NN12 7LS.
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. Going Concern Disclosure
The financial statements have been prepared on a going concern basis as the Director has offered his continued support for 12 months from the balance sheet date.
2.3. 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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are franchise costs. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. 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 straight line over the lease term
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
Within leasehold depreciation is leasehold improvements which are depreciated at 25% reducing balance.
2.6. 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.
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2.7. 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 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 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 assets reflect 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 4)
4 4
4. Intangible Assets
Other
£
Cost
As at 1 November 2022 25,000
As at 31 October 2023 25,000
Amortisation
As at 1 November 2022 10,625
Provided during the period 2,500
As at 31 October 2023 13,125
Net Book Value
As at 31 October 2023 11,875
As at 1 November 2022 14,375
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2022 131,024 340,355 409,246 1,090 881,715
Additions 15,553 - 1,030 1,962 18,545
As at 31 October 2023 146,577 340,355 410,276 3,052 900,260
Depreciation
As at 1 November 2022 21,291 196,337 240,239 600 458,467
Provided during the period 10,116 36,005 42,509 507 89,137
As at 31 October 2023 31,407 232,342 282,748 1,107 547,604
Net Book Value
As at 31 October 2023 115,170 108,013 127,528 1,945 352,656
As at 1 November 2022 109,733 144,018 169,007 490 423,248
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 33,600 168,000
Other debtors 59,043 63,798
92,643 231,798
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 152,597 93,137
Trade creditors 40,909 9,460
Bank loans and overdrafts 27,682 27,682
Other creditors 823,850 612,815
Taxation and social security - 27,174
1,045,038 770,268
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 136,111
Bank loans 145,443 172,127
Other loans 130,000 130,000
275,443 438,238
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9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 152,597 93,137
Later than one year and not later than five years - 136,111
152,597 229,248
152,597 229,248
10. Share Capital
2023 2022
Allotted, called up and fully paid £ £
100 Ordinary A shares of £ 1.00 each 100 100
100 Ordinary B shares of £ 1.00 each 100 100
200 200
11. Related Party Transactions
Brooklyn Fitness Limited
During the period the company made sales and credited a net of (£112,000) (2022: £140,000) to Brooklyn Fitness Limited, a company in which Mr HS Gill is also a director. At the year end the amount owed to the company, included within Trade
debtors was £33,600 (2022: £168,000). 
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