Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 04937612 Mr Thomas Edwards Mrs Jacqueline Edwards Mr James Edwards Mr Paul Edwards iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04937612 2022-11-30 04937612 2023-11-30 04937612 2022-12-01 2023-11-30 04937612 frs-core:CurrentFinancialInstruments 2023-11-30 04937612 frs-core:Non-currentFinancialInstruments 2023-11-30 04937612 frs-core:BetweenOneFiveYears 2023-11-30 04937612 frs-core:ComputerEquipment 2023-11-30 04937612 frs-core:ComputerEquipment 2022-12-01 2023-11-30 04937612 frs-core:ComputerEquipment 2022-11-30 04937612 frs-core:FurnitureFittings 2023-11-30 04937612 frs-core:FurnitureFittings 2022-12-01 2023-11-30 04937612 frs-core:FurnitureFittings 2022-11-30 04937612 frs-core:NetGoodwill 2023-11-30 04937612 frs-core:NetGoodwill 2022-12-01 2023-11-30 04937612 frs-core:NetGoodwill 2022-11-30 04937612 frs-core:MotorVehicles 2023-11-30 04937612 frs-core:MotorVehicles 2022-12-01 2023-11-30 04937612 frs-core:MotorVehicles 2022-11-30 04937612 frs-core:PlantMachinery 2023-11-30 04937612 frs-core:PlantMachinery 2022-12-01 2023-11-30 04937612 frs-core:PlantMachinery 2022-11-30 04937612 frs-core:WithinOneYear 2023-11-30 04937612 frs-core:ShareCapital 2023-11-30 04937612 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 04937612 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 04937612 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 04937612 frs-bus:SmallEntities 2022-12-01 2023-11-30 04937612 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 04937612 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 04937612 frs-core:UnlistedNon-exchangeTraded 2023-11-30 04937612 frs-core:UnlistedNon-exchangeTraded 2022-11-30 04937612 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-11-30 04937612 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-11-30 04937612 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-11-30 04937612 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-11-30 04937612 frs-bus:Director1 2022-12-01 2023-11-30 04937612 frs-bus:Director2 2022-12-01 2023-11-30 04937612 frs-bus:Director3 2022-12-01 2023-11-30 04937612 frs-bus:Director4 2022-12-01 2023-11-30 04937612 frs-core:CurrentFinancialInstruments 1 2023-11-30 04937612 frs-countries:EnglandWales 2022-12-01 2023-11-30 04937612 2021-11-30 04937612 2022-11-30 04937612 2021-12-01 2022-11-30 04937612 frs-core:CurrentFinancialInstruments 2022-11-30 04937612 frs-core:Non-currentFinancialInstruments 2022-11-30 04937612 frs-core:BetweenOneFiveYears 2022-11-30 04937612 frs-core:WithinOneYear 2022-11-30 04937612 frs-core:ShareCapital 2022-11-30 04937612 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 04937612 frs-core:CurrentFinancialInstruments 1 2022-11-30
Registered number: 04937612
Advanced Engineering Services (International) Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04937612
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 53,577 47,444
Investments 6 5,000 5,000
58,577 52,444
CURRENT ASSETS
Stocks 7 7,500 7,500
Debtors 8 89,195 107,694
Cash at bank and in hand 50,802 66,159
147,497 181,353
Creditors: Amounts Falling Due Within One Year 9 (117,577 ) (112,548 )
NET CURRENT ASSETS (LIABILITIES) 29,920 68,805
TOTAL ASSETS LESS CURRENT LIABILITIES 88,497 121,249
Creditors: Amounts Falling Due After More Than One Year 10 (51,553 ) (67,883 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,728 ) (3,201 )
NET ASSETS 29,216 50,165
CAPITAL AND RESERVES
Called up share capital 12 10 10
Profit and Loss Account 29,206 50,155
SHAREHOLDERS' FUNDS 29,216 50,165
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For the year ending 30 November 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
Mrs Jacqueline Edwards
Director
21 August 2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Advanced Engineering Services (International) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04937612 . The registered office is 16a Mackets Lane, Liverpool, L25 0LQ.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... 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:
Plant & Machinery 20% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 20% on cost
Computer Equipment 33% on cost
2.5. 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.
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. 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.
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2.7. 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 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.
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 assets reflect 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 6)
4 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2022 60,000
As at 30 November 2023 60,000
Amortisation
As at 1 December 2022 60,000
As at 30 November 2023 60,000
Net Book Value
As at 30 November 2023 -
As at 1 December 2022 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2022 103,610 80,123 6,220 12,693 202,646
Additions - 27,606 - 2,901 30,507
As at 30 November 2023 103,610 107,729 6,220 15,594 233,153
...CONTINUED
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Depreciation
As at 1 December 2022 98,191 38,757 6,220 12,034 155,202
Provided during the period 1,084 22,365 - 925 24,374
As at 30 November 2023 99,275 61,122 6,220 12,959 179,576
Net Book Value
As at 30 November 2023 4,335 46,607 - 2,635 53,577
As at 1 December 2022 5,419 41,366 - 659 47,444
6. Investments
Unlisted
£
Cost
As at 1 December 2022 5,000
As at 30 November 2023 5,000
Provision
As at 1 December 2022 -
As at 30 November 2023 -
Net Book Value
As at 30 November 2023 5,000
As at 1 December 2022 5,000
7. Stocks
2023 2022
£ £
Stock 7,500 7,500
8. Debtors
2023 2022
£ £
Due within one year
Trade debtors 81,674 100,173
Other debtors 7,521 7,521
89,195 107,694
9. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 7,507 11,006
Trade creditors 27,640 13,665
Bank loans and overdrafts 10,648 10,648
Corporation tax 46,252 48,702
Other taxes and social security 604 933
VAT 22,207 22,334
...CONTINUED
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Net wages - 2,095
Credit Card 127 573
Accruals and deferred income 2,592 2,592
117,577 112,548
10. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 36,416 42,876
Bank loans 15,137 25,007
51,553 67,883
11. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,507 11,006
Later than one year and not later than five years 36,416 42,876
43,923 53,882
43,923 53,882
12. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
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