Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 01672226 Mr Colin Durell Mr Justin Durell Mrs Valerie Durell Mrs Valerie Durell true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01672226 2022-12-31 01672226 2023-12-31 01672226 2023-01-01 2023-12-31 01672226 frs-core:CurrentFinancialInstruments 2023-12-31 01672226 frs-core:Non-currentFinancialInstruments 2023-12-31 01672226 frs-core:PlantMachinery 2023-12-31 01672226 frs-core:PlantMachinery 2023-01-01 2023-12-31 01672226 frs-core:PlantMachinery 2022-12-31 01672226 frs-core:ShareCapital 2023-12-31 01672226 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 01672226 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01672226 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 01672226 frs-bus:SmallEntities 2023-01-01 2023-12-31 01672226 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01672226 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01672226 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 01672226 frs-bus:OrdinaryShareClass1 2023-12-31 01672226 1 2023-01-01 2023-12-31 01672226 frs-bus:Director1 2023-01-01 2023-12-31 01672226 frs-bus:Director2 2023-01-01 2023-12-31 01672226 frs-bus:Director3 2023-01-01 2023-12-31 01672226 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 01672226 frs-countries:EnglandWales 2023-01-01 2023-12-31 01672226 2021-12-31 01672226 2022-12-31 01672226 2022-01-01 2022-12-31 01672226 frs-core:CurrentFinancialInstruments 2022-12-31 01672226 frs-core:Non-currentFinancialInstruments 2022-12-31 01672226 frs-core:ShareCapital 2022-12-31 01672226 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 01672226 frs-bus:OrdinaryShareClass1 2022-01-01 2022-12-31
Registered number: 01672226
All Business Affairs Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Kent Coast Accounts Ltd
AAT Licenced Accountants
39 Brooke Avenue
Margate
Kent
CT9 5NG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01672226
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,741 23,655
Investment Properties 5 1,507,915 1,329,645
1,525,656 1,353,300
CURRENT ASSETS
Debtors 6 52,584 83,724
Cash at bank and in hand 24,097 97,988
76,681 181,712
Creditors: Amounts Falling Due Within One Year 7 (49,831 ) (113,510 )
NET CURRENT ASSETS (LIABILITIES) 26,850 68,202
TOTAL ASSETS LESS CURRENT LIABILITIES 1,552,506 1,421,502
Creditors: Amounts Falling Due After More Than One Year 8 (688,150 ) (626,199 )
NET ASSETS 864,356 795,303
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 864,256 795,203
SHAREHOLDERS' FUNDS 864,356 795,303
Page 1
Page 2
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 Colin Durell
Director
21st August 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
All Business Affairs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01672226 . The registered office is 170 John Wilson Business Park, Harvey Drive, Chestfield, Whitstable, Kent, CT5 3RA.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 leasing and hire of owned property and machinery.
Rendering of services
Turnover from the rendering of services is recognised by reference to the month and period rental revenue is matched to.
Turnover is measured at the fair value of the consideration received or receivable.
Rental income
Turnover from rental income in relation to the rent charged on investment properties is recognised in the period for which it relates to.
Commissions
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. 
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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% reducing balance
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account with those values held in a separate non-distributable reserve. These reserves are ring-fenced from distribution.
Deferred taxation is recognised at each valuation period based on 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.
2.6. 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 3 4
3 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 70,485
As at 31 December 2023 70,485
Depreciation
As at 1 January 2023 46,830
Provided during the period 5,914
As at 31 December 2023 52,744
Net Book Value
As at 31 December 2023 17,741
As at 1 January 2023 23,655
5. Investment Property
2023
£
Fair Value
As at 1 January 2023 1,329,645
Additions 178,270
As at 31 December 2023 1,507,915
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 13,586 43,211
Other debtors 38,998 40,513
52,584 83,724
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 64 65
Other creditors 2,100 61,842
Taxation and social security 47,667 51,603
49,831 113,510
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Corporation tax - 49
Other creditors 65,150 3,150
Directors loan account 623,000 623,000
688,150 626,199
Within the Other Creditors, a loan to Directors of 2023 -£623,000 (2022 - £623,000). Interest is charged on these loans by the Directors of 8% above the Bank of England base rate .During the financial year interest was paid on these loans totalling 2023 - £65,436 (2022 ­ - £48,737). The Directors beleive this to represent market rate.
These loans are repayable after one year with no fixed repayment date.
9. Share Capital
2023 2022
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.000 each 100 100
10. Related Party Transactions
The company receives rents for hire of equipment and rental property and Consultancy from a company related by common control and ownership to a key member of the board of directors. This totalled 2023 - £181,347 (2022 - £171,584)
At the statement of financial position ending 31st December 2022 the Company owed an interest free loan to a family member to key members of the board. This loan is attracts interest at a rate of 10% and repayable on demand with no agreed repayment terms. The value of this loan is 2023 - £61,000 (2022 - £61,000). During the year total interest charged was 2023 - £6,100 (2022 - £4,245). The Directors beleive this to represent market rate.
During the financial year, the Company paid interest to Directors of the Company for loans introduced to the Company. These loans are repayable after one year with no agreed repayment date, a rate of interest is charged of 8% above the Bank of England base rate during the financial year interest was paid totalling 2023 - £65,436 (2022- £48,737).
11. Ultimate Controlling Party Not Known
The company's ultimate controlling party is unknown.
Page 5