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 11608475 Miss Nicole Daniel Mr. Jahrone Beckford Mr Nicole Beckford iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11608475 2022-10-31 11608475 2023-10-31 11608475 2022-11-01 2023-10-31 11608475 frs-core:CurrentFinancialInstruments 2023-10-31 11608475 frs-core:Non-currentFinancialInstruments 2023-10-31 11608475 frs-core:ComputerEquipment 2023-10-31 11608475 frs-core:ComputerEquipment 2022-11-01 2023-10-31 11608475 frs-core:ComputerEquipment 2022-10-31 11608475 frs-core:PlantMachinery 2023-10-31 11608475 frs-core:PlantMachinery 2022-11-01 2023-10-31 11608475 frs-core:PlantMachinery 2022-10-31 11608475 frs-core:ShareCapital 2023-10-31 11608475 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 11608475 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11608475 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 11608475 frs-bus:SmallEntities 2022-11-01 2023-10-31 11608475 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11608475 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 11608475 frs-bus:Director1 2022-11-01 2023-10-31 11608475 frs-bus:Director1 2022-10-31 11608475 frs-bus:Director1 2023-10-31 11608475 frs-bus:Director2 2022-11-01 2023-10-31 11608475 frs-bus:Director3 2022-11-01 2023-10-31 11608475 frs-core:CurrentFinancialInstruments 1 2023-10-31 11608475 frs-core:CurrentFinancialInstruments 2 2023-10-31 11608475 frs-core:Non-currentFinancialInstruments 4 2023-10-31 11608475 frs-core:CurrentFinancialInstruments 5 2023-10-31 11608475 frs-core:CurrentFinancialInstruments 9 2023-10-31 11608475 frs-countries:EnglandWales 2022-11-01 2023-10-31 11608475 2021-10-31 11608475 2022-10-31 11608475 2021-11-01 2022-10-31 11608475 frs-core:CurrentFinancialInstruments 2022-10-31 11608475 frs-core:Non-currentFinancialInstruments 2022-10-31 11608475 frs-core:ShareCapital 2022-10-31 11608475 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 11608475 frs-core:CurrentFinancialInstruments 1 2022-10-31 11608475 frs-core:CurrentFinancialInstruments 2 2022-10-31 11608475 frs-core:Non-currentFinancialInstruments 4 2022-10-31 11608475 frs-core:CurrentFinancialInstruments 5 2022-10-31 11608475 frs-core:CurrentFinancialInstruments 9 2022-10-31
Registered number: 11608475
Bright Young Futures Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11608475
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,940 13,023
10,940 13,023
CURRENT ASSETS
Debtors 5 149,331 153,822
Cash at bank and in hand 95,271 4,308
244,602 158,130
Creditors: Amounts Falling Due Within One Year 6 (193,983 ) (129,459 )
NET CURRENT ASSETS (LIABILITIES) 50,619 28,671
TOTAL ASSETS LESS CURRENT LIABILITIES 61,559 41,694
Creditors: Amounts Falling Due After More Than One Year 7 (60,095 ) (39,285 )
NET ASSETS 1,464 2,409
CAPITAL AND RESERVES
Called up share capital 8 1,300 1,300
Profit and Loss Account 164 1,109
SHAREHOLDERS' FUNDS 1,464 2,409
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. Jahrone Beckford
Director
30/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bright Young Futures Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11608475 . The registered office is First Floor, Copper House, 88 Snakes Lane East , Woodford Green, Essex, IG8 7HX.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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:
Plant & Machinery 15% Reducing balance
Computer Equipment 25% Reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
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.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 31 (2022: 25)
31 25
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 November 2022 14,124 4,072 18,196
Additions 260 - 260
As at 31 October 2023 14,384 4,072 18,456
Depreciation
As at 1 November 2022 4,603 570 5,173
Provided during the period 1,467 876 2,343
As at 31 October 2023 6,070 1,446 7,516
Net Book Value
As at 31 October 2023 8,314 2,626 10,940
As at 1 November 2022 9,521 3,502 13,023
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 43,319 81,615
Other debtors (1) 55,350 5,350
Other debtors (2) 30,000 66,857
Directors' loan accounts 20,662 -
149,331 153,822
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 355
Bank loans and overdrafts 5,433 6,452
Corporation tax 48,878 46,064
Other taxes and social security 58,561 57,825
Net wages 25,515 2,400
Crowd 2 fund Loan 11,510 16,363
Crowd2fund loan 2. 24,086 -
Other Loan 2 20,000 -
193,983 129,459
Page 4
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7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 33,562 37,825
Other loans - 1,460
Crowd2fund loan 2 26,533 -
60,095 39,285
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,300 1,300
9. Directors Advances, Credits and Guarantees
During the year the company operated a director’s loan account.  As at the year end the amount due to a director from the company was £20,662.
The above loan is unsecured, interest free and repayable on demand.
As at 1 November 2022 Amounts advanced Amounts repaid Amounts written off As at 31 October 2023
£ £ £ £ £
Mr. Jahrone Beckford - 20,662 - - 20,662
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