Acorah Software Products - Accounts Production 15.0.600 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 11606898 Miss Laura Boswell Miss Laura McBride iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11606898 2022-10-31 11606898 2023-10-31 11606898 2022-11-01 2023-10-31 11606898 frs-core:CurrentFinancialInstruments 2023-10-31 11606898 frs-core:Non-currentFinancialInstruments 2023-10-31 11606898 frs-core:ComputerEquipment 2023-10-31 11606898 frs-core:ComputerEquipment 2022-11-01 2023-10-31 11606898 frs-core:ComputerEquipment 2022-10-31 11606898 frs-core:FurnitureFittings 2023-10-31 11606898 frs-core:FurnitureFittings 2022-11-01 2023-10-31 11606898 frs-core:FurnitureFittings 2022-10-31 11606898 frs-core:PlantMachinery 2023-10-31 11606898 frs-core:PlantMachinery 2022-11-01 2023-10-31 11606898 frs-core:PlantMachinery 2022-10-31 11606898 frs-core:SharePremium 2023-10-31 11606898 frs-core:ShareCapital 2023-10-31 11606898 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 11606898 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11606898 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 11606898 frs-bus:SmallEntities 2022-11-01 2023-10-31 11606898 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11606898 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 11606898 frs-bus:Director1 2022-11-01 2023-10-31 11606898 frs-bus:Director2 2022-11-01 2023-10-31 11606898 frs-countries:EnglandWales 2022-11-01 2023-10-31 11606898 2021-10-31 11606898 2022-10-31 11606898 2021-11-01 2022-10-31 11606898 frs-core:CurrentFinancialInstruments 2022-10-31 11606898 frs-core:Non-currentFinancialInstruments 2022-10-31 11606898 frs-core:SharePremium 2022-10-31 11606898 frs-core:ShareCapital 2022-10-31 11606898 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 11606898
Parentchum Ltd.
Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11606898
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,734 144
1,734 144
CURRENT ASSETS
Stocks 5 70,954 120,000
Debtors 6 23,250 7,147
Cash at bank and in hand 2,721 11,853
96,925 139,000
Creditors: Amounts Falling Due Within One Year 7 (187,126 ) (70,201 )
NET CURRENT ASSETS (LIABILITIES) (90,201 ) 68,799
TOTAL ASSETS LESS CURRENT LIABILITIES (88,467 ) 68,943
Creditors: Amounts Falling Due After More Than One Year 8 (40,502 ) (40,478 )
NET (LIABILITIES)/ASSETS (128,969 ) 28,465
CAPITAL AND RESERVES
Called up share capital 9 2 2
Share premium account 99,999 99,999
Profit and Loss Account (228,970 ) (71,536 )
SHAREHOLDERS' FUNDS (128,969) 28,465
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
Miss Laura Boswell
Director
14/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Parentchum Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 11606898 . The registered office is Unit 23, Kingstons Farm. Down Hall Road, Matching Green, Harlow, Essex, CM17 0RB.
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. 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.
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
Fixtures & Fittings 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. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
Page 3
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2022 - 154 - 154
Additions 1,416 100 360 1,876
As at 31 October 2023 1,416 254 360 2,030
Depreciation
As at 1 November 2022 - 10 - 10
Provided during the period 148 63 75 286
As at 31 October 2023 148 73 75 296
Net Book Value
As at 31 October 2023 1,268 181 285 1,734
As at 1 November 2022 - 144 - 144
5. Stocks
2023 2022
£ £
Stock 70,954 120,000
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 23,250 7,147
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 25,098 50
Bank loans and overdrafts 31,628 31,540
Other loans 43,336 35,878
Other creditors 83,936 2,311
Taxation and social security 3,128 422
187,126 70,201
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 40,502 40,478
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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