Acorah Software Products - Accounts Production 14.6.300 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 06703758 Mr Justin English Mr. Richard Taylor Miss Hannah Brownlee Mr Simon Wootton Mr Justin English Justin English true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06703758 2022-12-31 06703758 2023-12-31 06703758 2023-01-01 2023-12-31 06703758 frs-core:CurrentFinancialInstruments 2023-12-31 06703758 frs-core:Non-currentFinancialInstruments 2023-12-31 06703758 frs-core:ComputerEquipment 2023-12-31 06703758 frs-core:ComputerEquipment 2023-01-01 2023-12-31 06703758 frs-core:ComputerEquipment 2022-12-31 06703758 frs-core:FurnitureFittings 2023-12-31 06703758 frs-core:FurnitureFittings 2023-01-01 2023-12-31 06703758 frs-core:FurnitureFittings 2022-12-31 06703758 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-31 06703758 frs-core:InvestmentPropertyIncludedWithinPPE 2023-01-01 2023-12-31 06703758 frs-core:InvestmentPropertyIncludedWithinPPE 2022-12-31 06703758 frs-core:MotorVehicles 2023-12-31 06703758 frs-core:MotorVehicles 2023-01-01 2023-12-31 06703758 frs-core:MotorVehicles 2022-12-31 06703758 frs-core:PlantMachinery 2023-12-31 06703758 frs-core:PlantMachinery 2023-01-01 2023-12-31 06703758 frs-core:PlantMachinery 2022-12-31 06703758 frs-core:ShareCapital 2023-12-31 06703758 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06703758 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06703758 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06703758 frs-bus:SmallEntities 2023-01-01 2023-12-31 06703758 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06703758 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06703758 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 06703758 frs-bus:OrdinaryShareClass1 2023-12-31 06703758 frs-bus:OrdinaryShareClass3 2023-01-01 2023-12-31 06703758 frs-bus:OrdinaryShareClass3 2023-12-31 06703758 1 2023-01-01 2023-12-31 06703758 frs-core:ProvisionsDeferredTax 2023-12-31 06703758 frs-core:UnlistedNon-exchangeTraded 2023-12-31 06703758 frs-core:UnlistedNon-exchangeTraded 2022-12-31 06703758 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 06703758 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 06703758 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 06703758 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 06703758 frs-bus:Director1 2023-01-01 2023-12-31 06703758 frs-bus:Director2 2023-01-01 2023-12-31 06703758 frs-bus:Director3 2023-01-01 2023-12-31 06703758 frs-bus:Director4 2023-01-01 2023-12-31 06703758 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 06703758 frs-core:CurrentFinancialInstruments 1 2023-12-31 06703758 frs-countries:EnglandWales 2023-01-01 2023-12-31 06703758 2021-12-31 06703758 2022-12-31 06703758 2022-01-01 2022-12-31 06703758 frs-core:CurrentFinancialInstruments 2022-12-31 06703758 frs-core:Non-currentFinancialInstruments 2022-12-31 06703758 frs-core:ShareCapital 2022-12-31 06703758 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 06703758 frs-bus:OrdinaryShareClass1 2022-01-01 2022-12-31 06703758 frs-bus:OrdinaryShareClass3 2022-01-01 2022-12-31 06703758 frs-core:ProvisionsDeferredTax 2022-12-31 06703758 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 06703758
XBM Limited
Financial Statements
For The Year Ended 31 December 2023
Lima Accountancy Services Ltd
132 Street Lane
Gildersome
Leeds
LS27 7JB
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 06703758
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 272,843 334,728
Investments 4 129,740 129,740
402,583 464,468
CURRENT ASSETS
Stocks 5 219,396 261,804
Debtors 6 2,186,736 1,729,797
Cash at bank and in hand 79,372 8
2,485,504 1,991,609
Creditors: Amounts Falling Due Within One Year 7 (1,745,584 ) (1,341,813 )
NET CURRENT ASSETS (LIABILITIES) 739,920 649,796
TOTAL ASSETS LESS CURRENT LIABILITIES 1,142,503 1,114,264
Creditors: Amounts Falling Due After More Than One Year 8 (102,057 ) (166,964 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (13,460 ) (12,702 )
NET ASSETS 1,026,986 934,598
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 1,025,986 933,598
SHAREHOLDERS' FUNDS 1,026,986 934,598
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For the year ending 31 December 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 Justin English
Director
25/07/2024
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% straight line
1.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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.
1.5. 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.
1.6. 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.
...CONTINUED
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1.6. Taxation - continued
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.
1.7. 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 48 (2022: 52)
48 52
3. Tangible Assets
Investment Properties Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2023 86,201 217,098 572,954 24,929
Additions - 10,688 47,185 -
Disposals - (40,090 ) (95,390 ) -
As at 31 December 2023 86,201 187,696 524,749 24,929
Depreciation
As at 1 January 2023 86,201 98,967 367,476 16,215
Provided during the period - 15,744 57,904 2,126
Disposals - (16,226 ) (74,341 ) -
As at 31 December 2023 86,201 98,485 351,039 18,341
Net Book Value
As at 31 December 2023 - 89,211 173,710 6,588
As at 1 January 2023 - 118,131 205,478 8,714
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Computer Equipment Total
£ £
Cost
As at 1 January 2023 44,573 945,755
Additions 2,571 60,444
Disposals - (135,480 )
As at 31 December 2023 47,144 870,719
Depreciation
As at 1 January 2023 42,168 611,027
Provided during the period 1,642 77,416
Disposals - (90,567 )
As at 31 December 2023 43,810 597,876
Net Book Value
As at 31 December 2023 3,334 272,843
As at 1 January 2023 2,405 334,728
4. Investments
Unlisted
£
Cost
As at 1 January 2023 129,740
As at 31 December 2023 129,740
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 129,740
As at 1 January 2023 129,740
5. Stocks
2023 2022
£ £
Stocks 219,396 261,804
Page 5
Page 6
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 39,470 45,598
Prepayments and accrued income 630,198 350,316
Other debtors 1,517,068 1,333,883
2,186,736 1,729,797
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 26,339 39,466
Trade creditors 852,470 565,098
Bank loans and overdrafts 194,409 250,371
Corporation tax 207,174 128,353
Other taxes and social security 61,025 103,327
VAT 110,665 203,039
Other creditors 13,371 6,902
Pension liability 13,875 4,791
Accruals and deferred income 21,900 21,900
Directors' loan accounts 244,356 18,566
1,745,584 1,341,813
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 26,339
Bank loans 102,057 140,625
102,057 166,964
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Deferred Tax 13,460 12,702
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10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
Value Number 2023 2022
Allotted, called up and fully paid £ £ £
Ordinary Shares 1 900 900 900
Ordinary B shares 1 100 100 100
1,000 1,000 1,000
11. Ultimate Controlling Party
The company's ultimate controlling party is Justin English .
12. General Information
XBM Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06703758 . The registered office is Access House, Nepshaw Lane South, Leeds, West Yorkshire, LS27 7JQ.
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