Acorah Software Products - Accounts Production 15.0.400 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 00150146 Mr Robert Old Mr Edward Old Mr Samuel Old iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00150146 2023-01-31 00150146 2024-01-31 00150146 2023-02-01 2024-01-31 00150146 frs-core:CurrentFinancialInstruments 2024-01-31 00150146 frs-core:Non-currentFinancialInstruments 2024-01-31 00150146 frs-core:ComputerEquipment 2024-01-31 00150146 frs-core:ComputerEquipment 2023-02-01 2024-01-31 00150146 frs-core:ComputerEquipment 2023-01-31 00150146 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-01 2024-01-31 00150146 frs-core:FurnitureFittings 2024-01-31 00150146 frs-core:FurnitureFittings 2023-02-01 2024-01-31 00150146 frs-core:FurnitureFittings 2023-01-31 00150146 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 00150146 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 00150146 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-31 00150146 frs-core:OtherResidualIntangibleAssets 2024-01-31 00150146 frs-core:OtherResidualIntangibleAssets 2023-02-01 2024-01-31 00150146 frs-core:OtherResidualIntangibleAssets 2023-01-31 00150146 frs-core:WithinOneYear 2024-01-31 00150146 frs-core:OtherReservesSubtotal 2024-01-31 00150146 frs-core:SharePremium 2024-01-31 00150146 frs-core:ShareCapital 2024-01-31 00150146 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 00150146 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 00150146 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 00150146 frs-bus:SmallEntities 2023-02-01 2024-01-31 00150146 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 00150146 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 00150146 frs-bus:Director1 2023-02-01 2024-01-31 00150146 frs-bus:Director2 2023-02-01 2024-01-31 00150146 frs-bus:Director3 2023-02-01 2024-01-31 00150146 frs-countries:EnglandWales 2023-02-01 2024-01-31 00150146 2022-01-31 00150146 2023-01-31 00150146 2022-02-01 2023-01-31 00150146 frs-core:CurrentFinancialInstruments 2023-01-31 00150146 frs-core:Non-currentFinancialInstruments 2023-01-31 00150146 frs-core:BetweenOneFiveYears 2023-01-31 00150146 frs-core:WithinOneYear 2023-01-31 00150146 frs-core:OtherReservesSubtotal 2023-01-31 00150146 frs-core:SharePremium 2023-01-31 00150146 frs-core:ShareCapital 2023-01-31 00150146 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 00150146
Old & Campbell Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 00150146
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 6,850 -
Tangible Assets 5 3,261 4,826
10,111 4,826
CURRENT ASSETS
Stocks 6 623,109 512,421
Debtors 7 70,704 41,954
Cash at bank and in hand 26,100 172,372
719,913 726,747
Creditors: Amounts Falling Due Within One Year 8 (353,666 ) (311,822 )
NET CURRENT ASSETS (LIABILITIES) 366,247 414,925
TOTAL ASSETS LESS CURRENT LIABILITIES 376,358 419,751
Creditors: Amounts Falling Due After More Than One Year 9 (40,040 ) (80,387 )
NET ASSETS 336,318 339,364
CAPITAL AND RESERVES
Called up share capital 10 4,590 4,590
Share premium account 3,190 3,190
Other reserves 9,450 9,450
Profit and Loss Account 319,088 322,134
SHAREHOLDERS' FUNDS 336,318 339,364
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For the year ending 31 January 2024 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 Edward Old
Director
Mr Samuel Old
Director
2 August 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Old & Campbell Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00150146 . The registered office is Unit 3, Vista Place, Coy Pond Business Park, Ingworth Road, Poole, Dorset, BH12 1JY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

These financial statements are presented in pound sterling which is the functional currency of the company.
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.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website development costs. It is amortised to profit and loss account over its estimated economic life of 3 years.
2.4. 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 life of the lease
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% straight line
2.5. Leasing and Hire Purchase Contracts
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.
2.6. 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.
2.7. Financial Instruments
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially measured at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.8. 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.
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2.9. 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 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.
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 asset reflects 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.
2.10. 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: 9 (2023: 10)
9 10
4. Intangible Assets
Other
£
Cost
As at 1 February 2023 18,200
Additions 6,850
As at 31 January 2024 25,050
Amortisation
As at 1 February 2023 18,200
As at 31 January 2024 18,200
Net Book Value
As at 31 January 2024 6,850
As at 1 February 2023 -
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5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 180,243 279,878 63,565 523,686
As at 31 January 2024 180,243 279,878 63,565 523,686
Depreciation
As at 1 February 2023 179,727 278,126 61,007 518,860
Provided during the period 516 350 699 1,565
As at 31 January 2024 180,243 278,476 61,706 520,425
Net Book Value
As at 31 January 2024 - 1,402 1,859 3,261
As at 1 February 2023 516 1,752 2,558 4,826
6. Stocks
2024 2023
£ £
Finished goods 623,109 512,421
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 17,593 395
Prepayments and accrued income 29,480 14,817
Other debtors 23,631 26,742
70,704 41,954
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 114,529 103,675
Bank loans and overdrafts 40,347 47,033
Other taxes and social security 71,003 51,220
Other creditors 78,478 84,792
Accruals and deferred income 49,309 25,102
353,666 311,822
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 40,040 80,387
The bank loans included in creditors falling due after more than one year represent CBILS loans.
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10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4,590 4,590
11. Contingent Liabilities
2024 2023
£ £
At the end of the period 20,000 15,000
The company had contingent liabilities in respect of the leasehold property.
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 70,125 76,500
Later than one year and not later than five years - 70,125
70,125 146,625
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