Acorah Software Products - Accounts Production 15.0.500 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 10431683 Mr Andreas Papanikolaou Mrs Katerina Kleopa Mr Andreas Papanikolaou iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10431683 2022-10-31 10431683 2023-10-31 10431683 2022-11-01 2023-10-31 10431683 frs-core:CurrentFinancialInstruments 2023-10-31 10431683 frs-core:Non-currentFinancialInstruments 2023-10-31 10431683 frs-core:ComputerEquipment 2023-10-31 10431683 frs-core:ComputerEquipment 2022-11-01 2023-10-31 10431683 frs-core:ComputerEquipment 2022-10-31 10431683 frs-core:MotorVehicles 2023-10-31 10431683 frs-core:MotorVehicles 2022-11-01 2023-10-31 10431683 frs-core:MotorVehicles 2022-10-31 10431683 frs-core:PlantMachinery 2023-10-31 10431683 frs-core:PlantMachinery 2022-11-01 2023-10-31 10431683 frs-core:PlantMachinery 2022-10-31 10431683 frs-core:ShareCapital 2023-10-31 10431683 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 10431683 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10431683 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 10431683 frs-bus:SmallEntities 2022-11-01 2023-10-31 10431683 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 10431683 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 10431683 frs-bus:Director1 2022-11-01 2023-10-31 10431683 frs-bus:Director2 2022-11-01 2023-10-31 10431683 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 10431683 frs-core:CurrentFinancialInstruments 2 2023-10-31 10431683 frs-countries:EnglandWales 2022-11-01 2023-10-31 10431683 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2022-10-31 10431683 2021-10-31 10431683 2022-10-31 10431683 2021-11-01 2022-10-31 10431683 frs-core:CurrentFinancialInstruments 2022-10-31 10431683 frs-core:Non-currentFinancialInstruments 2022-10-31 10431683 frs-core:ShareCapital 2022-10-31 10431683 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 10431683 frs-core:CurrentFinancialInstruments 2 2022-10-31
Registered number: 10431683
BLACKYS RECOVERY LTD
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10431683
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 292
- 292
CURRENT ASSETS
Stocks 5 163,400 109,600
Debtors 6 2,862 8,669
Cash at bank and in hand 721 3,716
166,983 121,985
Creditors: Amounts Falling Due Within One Year 7 (159,262 ) (118,303 )
NET CURRENT ASSETS (LIABILITIES) 7,721 3,682
TOTAL ASSETS LESS CURRENT LIABILITIES 7,721 3,974
Creditors: Amounts Falling Due After More Than One Year 8 (25,801 ) (38,532 )
NET LIABILITIES (18,080 ) (34,558 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (18,180 ) (34,658 )
SHAREHOLDERS' FUNDS (18,080) (34,558)
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 Andreas Papanikolaou
Director
Mrs Katerina Kleopa
Director
26 July 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
BLACKYS RECOVERY LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10431683 . The registered office is Sturmer Road Unit 7 Halstead New England , Halstead, CO9 4BB.
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:
Plant & Machinery 25% Straight Line
Motor Vehicles 25% Straight Line
Computer Equipment 25% Straight Line
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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2022 9,260 10,448 1,166 20,874
As at 31 October 2023 9,260 10,448 1,166 20,874
Depreciation
As at 1 November 2022 9,260 10,448 874 20,582
Provided during the period - - 292 292
As at 31 October 2023 9,260 10,448 1,166 20,874
Net Book Value
As at 31 October 2023 - - - -
As at 1 November 2022 - - 292 292
5. Stocks
2023 2022
£ £
Finished goods 163,400 109,600
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 281 1,790
VAT 2,581 6,879
2,862 8,669
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 804 -
Bank loans and overdrafts 13 -
Corporation tax - (3,786 )
Other taxes and social security 20 242
Net wages 790 -
Pensions 67 67
Directors' loan accounts 157,568 121,780
159,262 118,303
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans (Long term liabilities - creditors > 1 year) 25,801 38,532
Of the creditors falling due after more than one year the following amounts are due after more than five years.
Page 4
Page 5
2023 2022
£ £
Bank loans - 38,532
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5