Acorah Software Products - Accounts Production 14.5.601 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 08244857 Ms Raluca Bianca Calauz Mr Sergiu Mihai Calauz iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08244857 2022-10-31 08244857 2023-10-31 08244857 2022-11-01 2023-10-31 08244857 frs-core:CurrentFinancialInstruments 2023-10-31 08244857 frs-core:Non-currentFinancialInstruments 2023-10-31 08244857 frs-core:ComputerEquipment 2023-10-31 08244857 frs-core:ComputerEquipment 2022-11-01 2023-10-31 08244857 frs-core:ComputerEquipment 2022-10-31 08244857 frs-core:MotorVehicles 2023-10-31 08244857 frs-core:MotorVehicles 2022-11-01 2023-10-31 08244857 frs-core:MotorVehicles 2022-10-31 08244857 frs-core:ShareCapital 2023-10-31 08244857 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 08244857 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08244857 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 08244857 frs-bus:SmallEntities 2022-11-01 2023-10-31 08244857 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 08244857 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08244857 frs-bus:Director1 2022-11-01 2023-10-31 08244857 frs-bus:Director2 2022-11-01 2023-10-31 08244857 frs-core:CurrentFinancialInstruments 1 2023-10-31 08244857 frs-core:CurrentFinancialInstruments 2 2023-10-31 08244857 frs-countries:EnglandWales 2022-11-01 2023-10-31 08244857 2021-10-31 08244857 2022-10-31 08244857 2021-11-01 2022-10-31 08244857 frs-core:CurrentFinancialInstruments 2022-10-31 08244857 frs-core:Non-currentFinancialInstruments 2022-10-31 08244857 frs-core:ShareCapital 2022-10-31 08244857 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 08244857 frs-core:CurrentFinancialInstruments 1 2022-10-31 08244857 frs-core:CurrentFinancialInstruments 2 2022-10-31
Registered number: 08244857
Work Experience Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Marele Accountancy Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08244857
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 83,146 74,413
83,146 74,413
CURRENT ASSETS
Debtors 5 209,925 236,057
Cash at bank and in hand 187,142 71,639
397,067 307,696
Creditors: Amounts Falling Due Within One Year 6 (189,196 ) (152,845 )
NET CURRENT ASSETS (LIABILITIES) 207,871 154,851
TOTAL ASSETS LESS CURRENT LIABILITIES 291,017 229,264
Creditors: Amounts Falling Due After More Than One Year 7 (37,813 ) (13,940 )
NET ASSETS 253,204 215,324
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 253,202 215,322
SHAREHOLDERS' FUNDS 253,204 215,324
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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 Sergiu Mihai Calauz
Director
31/07/2024
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
Work Experience Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08244857 . The registered office is 24 Benjamin Road, Poole, Dorset, BH15 4QU.
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:
Motor Vehicles 25% Reducing balance method
Computer Equipment 25% Reducing balance method
2.4. 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.
2.5. 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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 63 (2022: 63)
63 63
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Page 4
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 November 2022 77,445 15,342 92,787
Additions 24,579 6,052 30,631
As at 31 October 2023 102,024 21,394 123,418
Depreciation
As at 1 November 2022 14,808 3,566 18,374
Provided during the period 18,954 2,944 21,898
As at 31 October 2023 33,762 6,510 40,272
Net Book Value
As at 31 October 2023 68,262 14,884 83,146
As at 1 November 2022 62,637 11,776 74,413
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 89,941 181,760
Prepayments and accrued income 41,937 -
131,878 181,760
Due after more than one year
Directors loan account 78,047 54,297
78,047 54,297
209,925 236,057
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 9,827 14,685
Bank loans and overdrafts 9,727 9,727
Corporation tax 30,814 27,194
Other taxes and social security 25,450 93,434
Net wages 1,207 6,167
Pension Fund 1,462 1,638
Notional Payroll Deductions 54,088 -
Accruals and deferred income 56,621 -
189,196 152,845
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 21,841 31,568
Loans to employees >1 year (17,628 ) (17,628 )
Directors loan account 33,600 -
37,813 13,940
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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